The BBC understands the long-range missiles have been fired into Russian territory by Ukraine. Continue Reading »

Moscow appears to be maximising its gains while Joe Biden abandons long-held red lines at the end of his presidency. Continue Reading »

Speaking about her new role, Dame Jasvinder Sanghera says Al Fayed's "tentacles went far and wide". Continue Reading »

The band's members including Harry Styles join family and friends to remember the late star. Continue Reading »

Natasha Harding, now Allen-Wyatt, is accused of taking money for coaching that she did not deliver. Continue Reading »

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• Fox-Dominion trial delay 'is not unusual,' judge says • Fox News' defamation battle isn't stopping Trump's election lies Continue Reading »

The judge just announced in court that a settlement has been reached in the historic defamation case between Fox News and Dominion Voting Systems. Continue Reading »

A settlement has been reached in Dominion Voting Systems' defamation case against Fox News, the judge for the case announced. The network will pay more than $787 million to Dominion, a lawyer for the company said. Continue Reading »

Nvidia reported earnings after the bell. Here are the results. Continue Reading »

Comcast may be proceeding with a transaction as a signal to the rest of the media industry that consolidation is necessary. Continue Reading »

Both discounters are contending with price-conscious shoppers, but Walmart reported improving trends with discretionary merchandise. Continue Reading »

Gautam Adani and others are charged in the New York indictment with paying Indian government officials $250 million to secure solar energy supply contracts. Continue Reading »

In its most recent quarter, McDonald's reported earnings and revenue that topped expectations, but saw its same-store sales fall globally by 1.5%. Continue Reading »

Météo-France a placé 28 départements en vigilance orange neige et verglas sur un axe allant de la Bretagne au Grand-Est et incluant l'Ile-de-France à… Continue Reading »

L'Ukraine a utilisé pour la première fois des missiles longue portée Storm Shadow britanniques contre le territoire russe, après avoir obtenu l'… Continue Reading »

Des pays européens et les Etats-Unis ont déposé une résolution condamnant le manque de coopération de l'Iran dans le dossier nucléaire, faisant fi… Continue Reading »

Une adolescente afghane vivant au Canada, qui s'était enregistrée en train de chanter en protestation contre le régime des talibans, a remporté mardi… Continue Reading »

Deux câbles de télécommunications ont été abîmés en mer Baltique en quarante huit heures entre la Finlande et l'Allemagne d'une part, la Suède et la… Continue Reading »

A Sky News employee who snuck into Russian Foreign Minister Sergey Lavrov’s press event in Brazil was allowed to stay and listen Read Full Article at RT.com Continue Reading »

Berlin had been warned about an upcoming Ukrainian attack on the Nord Stream pipelines but dismissed those reports, Der Spiegel has said Read Full Article at RT.com Continue Reading »

The completed East Route pipeline will supply 38 billion cubic meters of Russian natural gas to eastern China per year, says CCTV Read Full Article at RT.com Continue Reading »

A Russian drone hit a Ukrainian Bradley Fighting Vehicle near Kursk Region, the Defense Ministry in Moscow reports Read Full Article at RT.com Continue Reading »

Five Brazilian officers plotted to murder President Luiz Inacio Lula da Silva in 2022, police say Read Full Article at RT.com Continue Reading »

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Резиденты площадки намерены построить водно-оздоровительный комплекс Continue Reading »

Как пояснил министр обороны республики Криштоф Салай-Бобровницки, эта мера связана с эскалацией украинского конфликта Continue Reading »

Завершить работы планируют в 2027 году Continue Reading »

IT BEGINS: COMCAST TO SPIN OFF NETWORKS... (Top headline, 1st story, link) Related stories:MSNBC MAY CHANGE NAME!STREAMING KILLED THE CABLE STAR...'We Could Be Fired Tomorrow'... Drudge Report Feed needs your support!   Become a Patron Continue Reading »

MSNBC MAY CHANGE NAME! (Top headline, 2nd story, link) Related stories:IT BEGINS: COMCAST TO SPIN OFF NETWORKS...STREAMING KILLED THE CABLE STAR...'We Could Be Fired Tomorrow'... Continue Reading »

STREAMING KILLED THE CABLE STAR... (Top headline, 3rd story, link) Related stories:IT BEGINS: COMCAST TO SPIN OFF NETWORKS...MSNBC MAY CHANGE NAME!'We Could Be Fired Tomorrow'... Continue Reading »

'We Could Be Fired Tomorrow'... (Top headline, 4th story, link) Related stories:IT BEGINS: COMCAST TO SPIN OFF NETWORKS...MSNBC MAY CHANGE NAME!STREAMING KILLED THE CABLE STAR... Drudge Report Feed needs your support!   Become a Patron Continue Reading »

NUCLEAR 'RED LINE' (Main headline, 1st story, link) Related stories:UKRAINE BATTLE 1,000TH DAYBIDEN APPROVES LAND MINES Continue Reading »

Hezbollah chief Naim Qassem says his group has reviewed the US-drafted ceasefire proposal to end fighting with Israel. Continue Reading »

Vulnerable nations are seeking $1.3 trillion to deal with damage from climate change and to adapt to that change. Continue Reading »

President Vladimir Putin paves the way for broader use of atomic weapons. Continue Reading »

Republicans have pushed an effort barring first federal transgender lawmaker from women's restrooms in the US Capitol. Continue Reading »

“The wrong nationality, the wrong faith, the wrong skin colour.” Continue Reading »

The BBC understands the long-range missiles have been fired into Russian territory by Ukraine. Continue Reading »

Moscow appears to be maximising its gains while Joe Biden abandons long-held red lines at the end of his presidency. Continue Reading »

Speaking about her new role, Dame Jasvinder Sanghera says Al Fayed's "tentacles went far and wide". Continue Reading »

The band's members including Harry Styles join family and friends to remember the late star. Continue Reading »

Natasha Harding, now Allen-Wyatt, is accused of taking money for coaching that she did not deliver. Continue Reading »

President-elect Donald J. Trump is assembling a team of aides bent on confrontation with China. But he also has advisers who do business there, including Elon Musk. Continue Reading »

Linda McMahon is known for her many years in the wrestling world. Though her education experience is more limited than previous secretaries, she has embraced both conservative and bipartisan ideas. Continue Reading »

Back taxes, youthful pot smoking and undocumented nannies scuttled previous presidential choices. Some of President-elect Donald J. Trump’s candidates face bigger questions. Continue Reading »

The decision is the latest in a series of moves by the U.S. and Russia that have escalated tensions between the two. Continue Reading »

The unusual alert came a day after Ukraine used American-made ballistic missiles to strike Russian territory for the first time. At least two other Western embassies closed for the day after the warning. Continue Reading »

The artificial intelligence startup has told investors it raised $5 billion in latest funding round. Continue Reading »

Find insight on a bid from QXO for Beacon Roofing Supply, Deutsche Telekom, Sage, and more in the latest Market Talks covering technology, media and telecom. Continue Reading »

The Army chose Teal Drones to provide thousands of reconnaissance aircraft, bypassing some of venture capital’s best-funded drone makers. Continue Reading »

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Find insight on Walmart, Informa, CelcomDigi, and more in the latest Market Talks covering Technology, Media and Telecom. Continue Reading »

Amos Hochstein, the lead U.S. negotiator, said he had made progress on a trip to Beirut and would travel to Israel to try to secure a cease-fire agreement that has so far proven elusive. Continue Reading »

Working with a “like-minded” Lula, China aims to check America’s global dominance and keep trade going. Continue Reading »

Deployment of long-range missiles get approval by U.S. and U.K. after months of talks. Continue Reading »

Media baron Jimmy Lai, who protested for democracy, faces possible life sentence. Continue Reading »

Two data cables running along the Baltic seabed were cut in quick succession, government authorities and telecom companies said. Continue Reading »

Jews and gay people should hide their identity in parts of Berlin with large Arab populations, the German capital’s police chief has warned. “There are areas of the city, we need to be perfectly honest here, where I would advise people who wear a kippah or are openly gay to be more careful,” said Barbara Slowik. “There are certain neighbourhoods where the majority of people of Arab origin live, who also have sympathies for terrorist groups,” she said, adding that they... Continue Reading »

Members of the Jewish and LGBTQ communities are being advised to be careful in some Arab neighborhoods in Berlin the city's police chief said. Chief Barbara Slowik told the Berliner Zeitung daily newspaper that the city does not have specific "no-go zones" for people, but some areas are unsafe for members of the Jewish and LGBTQ communities. There has been a rise of antisemitic incidents in the German capital since the October 7, 2023, Hamas attack on Israel. A group of... Continue Reading »

Berlin's Chief of Police is warning the city's Jewish and gay residents to exercise caution in the city's Arab enclaves, as part of her comments on the rise of antisemitism after October 7. When asked about safety in Berlin in an interview with German news daily, Berliner Zeitung, the city's Chief of Police, Barbara Slowik, said that while there are not necessarily any "no-go" areas around Berlin, she would encourage residents "who wear a kippah or are openly gay or lesbian to be... Continue Reading »

A robotic dog named “Spot” made by Boston Dynamics is the latest tool in the arsenal of the US Secret Service. The device has lately been spotted patrolling the perimeter of President-elect Donald Trump’s Mar-a-Lago resort in Palm Beach, Florida. They do not have weapons - and each can be controlled remotely or automatically - as long as its route is pre-programmed. Continue Reading »

The rise of Robert F. Kennedy Jr. from fringe figure to the prospective head of U.S. health policy was fueled by skepticism and distrust of the medical establishment—views that went viral in the Covid-19 pandemic. People once dismissed for their disbelief in conventional medicine are now celebrating a new champion in Washington. Scientists, meanwhile, are trying to figure how they could have managed the pandemic without setting off a populist movement they... Continue Reading »

President-elect Donald J. Trump on Tuesday tapped Linda McMahon, a former professional wrestling executive who ran the Small Business Administration for much of his first term, to lead the Education Department, an agency he has routinely singled out for elimination in his upcoming term. A close friend of Mr. Trump’s and a longtime booster of his political career, Ms. McMahon had been among his early donors leading up to his electoral victory in 2016 and has been one of the leaders of... Continue Reading »

Five new lawsuits accusing Sean “Diddy” Combs of sexual abuse were filed Tuesday by Texas lawyer Tony Buzbee, according to court documents obtained by NewsNation. One woman alleges that at 18 years old, she was drugged and coerced into performing oral sex on Combs and his bodyguard outside a Halloween party at a New York City nightclub in 2001. Another woman says that at 17 years old, she attended a Fourth of July party in 2004 where Combs sexually assaulted her while she was... Continue Reading »

The Los Angeles City Council approved an ordinance Tuesday designating the city as a “sanctuary city” following President-elect Donald Trump’s mass deportation plan. This measure prevents the use of local resources for immigration enforcement and prohibits city agencies from sharing information about undocumented residents with federal immigration authorities, according to The Associated Press. The council voted unanimously, aligning Los Angeles with numerous cities across the U.S... Continue Reading »

A major storm swept across the northwest U.S., battering the region with strong winds and rain, causing widespread power outages and downing trees that killed at least one person. The Weather Prediction Center issued excessive rainfall risks through Friday and hurricane-force wind warnings were in effect as the strongest atmospheric river — a large plume of moisture — that California and the Pacific Northwest has seen this season overwhelmed the region. The storm system that... Continue Reading »

Thousands of disgruntled British farmers marched on London on Tuesday in protest at government plans to change the law regarding the amount of inheritance tax farmers should pay. The demonstrations saw tractors driven by farmers and coach loads of other agricultural workers from the United Kingdom’s four nations of England, Scotland, Wales and Northern Ireland descend on Parliament Square, to stage a large-scale protest in bitterly cold temperatures as leaders from the National... Continue Reading »

Rafael Nadal has played his last match as a professional tennis player. The match, which ended with a 6-4, 6-4 loss to world number 80 Boltic van de Zandschulp in the Davis Cup as Spain was knocked out by the Netherlands, marked the end of an illustrious career that included 22 Grand Slam titles and more than 20 years on tour. After the match, the crowd showed the legendary Spaniard some love by repeatedly chanting his name. A ceremony also took place to celebrate his career.... Continue Reading »

A Ninth Circuit Court of Appeals judge said Monday that the Washington-based Olympus Spa’s female-only policy is akin to a "whites-only" policy. Olympus Spa, a Christian Korean-run operation, is currently arguing in court that its mandate limiting patrons to "biological females" is protected by constitutional rights. The legal counsel of the spa appeared before a three-member panel of the Ninth Circuit on Monday due to the state’s Human Rights Commission accusing the... Continue Reading »

There was a merry triumphalism to the announcement last week that The Onion, a satirical outlet based in Chicago, won an auction to acquire the conspiracy site Infowars out of bankruptcy. The deal seemed done: Infowars went offline; memes of an apoplectic Alex Jones, its founder, sped across social media; and Ben Collins, chief executive of The Onion’s parent company, pronounced the coup “hilarious.” Continue Reading »

The United States shut its embassy in Kyiv on Wednesday morning due to "specific information of a potential significant air attack" amid jitters in the capital over possible Russian retaliation a day after a big Ukrainian strike. The Italian and Greek embassies said they had also closed their doors after the unusual U.S. warning, while the French embassy remained open but urged its citizens to be cautious. Continue Reading »

Former President Bill Clinton said during a recent interview that the country may not be ready for a female president following Vice President Kamala Harris’ loss to President-elect Donald Trump, and suggested a Republican woman might have an easier time getting elected.  “Maybe,” Clinton replied to CBS’ Tracy Smith’s question about whether the US isn’t ready for a woman president. “I think in some ways we’ve moved to the right as a reaction to all the turmoil. And I think if... Continue Reading »

Prime Minister Justin Trudeau says the federal government could have acted faster on reining in immigration programs, after blaming “bad actors” for gaming the system. Trudeau released a nearly seven-minute video on YouTube Sunday talking about the recent reduction in permanent residents being admitted to Canada and changes to the temporary foreign worker program. Over the next two years, the permanent residency stream is being reduced by about 20 per cent to 365,000 in 2027. Continue Reading »

Prime Minister Justin Trudeau’s plan to restrict inflows of newcomers will narrow the country’s gap between housing supply and demand, according to a budget watchdog. If Trudeau is successful in curbing immigration over the next three years, that would reduce the housing gap in 2030 by 534,000 units, or 45%, said the Office of the Parliamentary Budget Officer, which provides independent analysis to help lawmakers scrutinize the government’s activities. Continue Reading »

Canadian Prime Minister Justin Trudeau lamented the presence of “bad actors” after Canada’s immigration system reformed during the COVID-19 pandemic in a YouTube video. Trudeau said some exploited the new system, which accepted a large number of immigrants to accommodate the nation’s labor shortage. Canada has now restricted immigration to combat the population boom. “In the last two years, our population has grown really fast, like a baby boom,” he said. “…... Continue Reading »

President-elect Donald Trump announced on Tuesday that he was nominating Dr. Mehmet Oz to become his administrator of the Centers for Medicare and Medicaid Services (CMS). Oz, a celebrity TV physician who lost in Pennsylvania’s 2022 U.S. Senate race to Democrat John Fetterman, would oversee a federal agency that says it provides health coverage to more than 160 million people through Medicare, Medicaid, the Children’s Health Insurance Program, and the... Continue Reading »

President-elect Donald Trump named TV personality Mehmet Oz to lead the Centers for Medicare and Medicaid Services, which oversees the healthcare of millions of Americans.  “America is facing a Healthcare Crisis, and there may be no Physician more qualified and capable than Dr. Oz to Make America Healthy Again,” Trump said on Tuesday. “Dr. Oz will work closely with Robert F. Kennedy Jr.to take on the illness industrial complex, and all the horrible chronic diseases left... Continue Reading »

Court Dismisses California's Lawsuit Against City's Voter ID Law Authored by Jill McLaughlin via The Epoch Times (emphasis ours), California Supreme Court ruled on Nov. 15 to toss out the state’s lawsuit against Huntington Beach’s voter ID law, but they expect the state attorney general to continue fighting it. People wait to vote at the Joslyn Park center in Santa Monica, Calif. on Nov. 5, 2024. Apu Gomes/Getty Images “Honestly, it’s a great victory for Huntington Beach, and as I’ve said, I think it’s a black eye to the state,” City Attorney Michael Gates told The Epoch Times on Nov. 18. The state could refile the lawsuit within 20 days, but Gates confirmed on Monday that the city is “moving forward with the voter ID program.” The state’s Supreme Court dismissed a lawsuit brought in April by Attorney General Rob Bonta and California Secretary of State Shirley Weber. The lawsuit alleged that the Huntington Beach law passed by voters in March requiring voter ID starting in 2026 violated state election law. Bonta and Weber also said it conflicted with a state law introduced by former state Sen. Dave Min of Irvine that banned local governments ... Continue Reading »

The Layaway Presidency: How Alvin Bragg Would Create A New Constitutional Creature Authored by Jonathan Turley, Manhattan District Attorney Alvin Bragg pushed Tuesday to create a new constitutional creature: the layaway president. It was once common for stores to hold expensive items that you really wanted but could not make the payment. So they were tagged and kept on the shelf until you were ready to redeem your item. For Bragg, that leaves Donald Trump tagged until 2029. In a filing before Manhattan Justice Juan Merchan, Bragg suggested that the court should stay the pending criminal case and defer any sentencing “until after the end of defendant’s upcoming presidential term.” That would allow a city prosecutor to put a leash on a sitting president for four years. Trump would govern by the grace of this local judge and district attorney. In the meantime, pundits and politicians could portray the president as free on a type of work release program. The suggestion is appalling to most of the people in the country, including the majority of voters who voted for Trump. Vice President Kamala Harris and Democrats ran on this and other cases in the election. The result was arguably the largest jury decision in ... Continue Reading »

Biden Asks Congress To Approve $100 Billion Supplemental For Disaster Relief Authored by Emel Akan via The Epoch Times (emphasis ours), WASHINGTON—The Biden administration is urging Congress to allocate $100 billion in disaster relief to assist communities across the Southeast affected by the recent hurricanes Helene and Milton. President Joe Biden addresses the nation after presidential election results, congratulating President-elect Donald Trump at the Rose Garden of the White House in Washington on Nov. 7, 2024. Madalina Vasiliu/The Epoch Times “With the Congress now back in session, I write to request urgently needed emergency funding to provide for an expeditious and meaningful Federal response to Hurricanes Helene and Milton and other natural disasters,” President Joe Biden said in a letter to Congress addressed to House Speaker Mike Johnson (R-La.) on Nov. 18. The administration on Nov. 18 submitted a funding request that included $40 billion for the Federal Emergency Management Agency (FEMA), $24 billion for the Department of Agriculture, and $12 billion for the Department of Housing and Urban Development. “The last time Congress passed a comprehensive disaster package was in December of 2022 as part of the Consolidated Appropriations Act of 2023,” Shalanda Young, ... Continue Reading »

Mike Johnson Bans Transgenders From House Bathrooms After 1st Trans Lawmaker Elected House Speaker Mike Johnson (R-LA) is banning transgender individuals from bathrooms on the House side of the Capitol Complex regardless of their gender identity. Trans Rep-elect Sarah McBride (D-DE) The move comes after the election of Rep-elect Sarah McBride (D-DE), who will become the first transgender member of Congress. "All single-sex facilities in the Capitol and House Office Buildings (like restrooms, changing rooms, and locker rooms) are reserved only for individuals of that biological sex," Johnson said of women with johnsons, adding "Like all policies, it's enforceable. We have single-sex facilities for a reason. Women deserve women's only spaces." "We're not anti-anyone. We're pro-woman. I think it's an important policy for us to continue. It's always been, I guess, an unwritten policy, but now it's in writing," Johnson continued. The move comes after Rep. Nancy Mace (R-SC) introduced a resolution to ban transgender women from women's bathrooms in the House. Rep Nancy Mace (R-SC) and Speaker Mike Johnson (R-LA) As Axios notes, Mace pushed Johnson to include her measure, which charges the House sergeant-at-arms with enforcing the ban. Biological men do not belong in private ... Continue Reading »

Terrible 20Y Auction Has 2nd Biggest Tail, Lowest Directs On Record; Spikes Yields If anyone was hoping that today's 20Y auction would be even remotely successful, they can not put those to bed: the just concluded sale of $16BN in 20Y paper was a disaster. Pricing at a high yield of 4.680%, the auction tailed the When Issued 4.650% by 3.0bps. Not only was this the third tail in a row, it was the 2nd biggest tail on record. The bid to cover was even worse: sliding from 2.59 to 2.34, the btc was the lowest going back all the way to August 2022. The internals were perhaps the only silver lining to the auction: indirects took down  69.5%, up from 67.9%, below the six auction average of 71.6%. But while Indirect demand was ok, the Direct award plunged to just 7.9% from 17.6%, the lowest on record. This mean that Dealers had to step in big time and so they did, taking down 22.6%, up from 14.5% and the highest since May 2021. In light of just how ugly the auction was, it is probably not a surprise that yields spiked after ... Continue Reading »

AG Merrick Garland Urges Prosecutors To Protect DOJ's Mission After Leaving Office Authored by Jack Phillips via The Epoch Times (emphasis ours), Attorney General Merrick Garland on Monday urged prosecutors to protect the Department of Justice’s (DOJ’s) “mission,” in his first remarks since President-elect Donald Trump announced his selection for attorney general under his incoming administration. Attorney General Merrick Garland speaks to the U.S. attorneys who have gathered for their annual conference at the Department of Justice headquarters in Washington on Sept. 12, 2024. AP Photo/Jose Luis Magana   Speaking at the U.S. Attorney’s Office for the Southern District of New York, Garland was giving a farewell speech to officials at the office as the nation’s top federal prosecutor. “I may be coming to the end of my tenure at the Justice Department, but I know that all of you will continue in the department’s mission—what has always been its mission—to uphold the rule of law, to keep our country safe, and to protect civil rights,” Garland said. “The career lawyers of the Justice Department as a whole, you are the institutional backbone of this department. You are the historical memory of this department. You ... Continue Reading »

'Bomb Cyclone' Blasts Pacific Northwest, Cutting Power To Over 600,000 In Washington A massive bomb cyclone slammed into the Pacific Northwest on Tuesday night, unleashing torrential rains and tropical storm-like wind gusts up to 77 mph for certain areas. More than 600,000 customers across western Washington state are without power on Wednesday morning.  FOX Forecast Center said the powerful atmospheric river, coupled with a bomb cyclone, will unleash heavy rains and high winds across the area through Saturday.  A look at the bomb cyclone responsible for widespread power outages across the Pacific Northwest this morning. #CAwx #ORwx #WAwx pic.twitter.com/FY6OYOrfhS — MyRadar Weather (@MyRadarWX) November 20, 2024 "The two storms are powering the event, the first of which is a powerful bomb cyclone. The strength of the low has kicked up strong winds up and down the coast, which have caused power outages and some damage," Fox Forecast Center explained. Early Wednesday, data from Poweroutage.US showed that over 600,000 power customers across Washington State had no power. The bulk of the outages were in King County and Snohomish County.  FOX Forecast Center noted, "Measurements showed the storm dropped 66 millibars in pressure in 24 hours, eventually becoming a storm with a central ... Continue Reading »

'Contours Of A Trump Peace Deal': Kremlin Insiders Discuss Putin's Initial Reaction In a lengthy investigative report, Reuters has presented what it says is Russian President Vladimir Putin's initial reaction to the incoming Trump administration's plans to pursue ceasefire negotiations leading to a final end of the Ukraine war, which reached its 1,000th day this week. As Putin "eyes contours of a Trump peace deal," five sources privy to Kremlin thinking say that Putin is "open" to discussing a ceasefire with Donald Trump, but will reject giving up territory acquired in Ukraine's east - namely the annexed Donetsk, Kherson, Luhansk and Zaporizhzhia oblasts. A key sticking point will also be that Kiev totally abandons ambitions to join NATO. The Wall Street Journal revealed earlier this month that the current options being considered by Trump all involve imposing a 'freeze' on the war, which to Kiev's dismay would involve "cementing Russia’s seizure of roughly 20 percent of Ukraine" while imposing a 20-year suspension on Ukraine pursuing NATO membership. And now, Reuters writes, "In the first detailed reporting of what President Putin would accept in any deal brokered by Trump, the five current and former Russian officials said ... Continue Reading »

Yardeni And The Long History Of Prediction Problems Authored by Lance Roberts via RealInvestmentAdvice.com, Following President Trump’s re-election, the S&P 500 has seen an impressive surge, climbing past 6,000 and sparking significant optimism in the financial markets. Unsurprisingly, the rush by perma-bulls to make long-term predictions is remarkable. For example, Economist Ed Yardeni believes this upward momentum will continue and has revised his long-term forecast, projecting that the S&P 500 will reach 10,000 by 2029.  His forecast reflects a mix of factors that he believes are reigniting investor confidence, including tax cuts, deregulation, and advancements in technology that could drive productivity growth. The chart shows the current bull market from the 2009 lows to the present, with a 12-month moving average and a trend channel extension into 2030. While Yardeni’s forecast seems astonishing, it represents a bit more than a 7% annualized rate of return through the end of the decade. Specifically, Yardeni highlights the potential for substantial corporate tax cuts. He suggests that Trump could reduce the corporate tax rate from 21% to as low as 15%, which would significantly boost corporate profitability. Tax cuts and deregulation would help companies expand their margins ... Continue Reading »

12 UK Storm Shadow Missiles Were Fired Into Russia, Local Sources Say Update(1227ET): More details have emerged of Wednesday's Storm Shadow missile attack from Ukraine on Russia. This marks the first authorized known use of the long-range weapon in a cross-border attack. Previously the British government restricted use to within the Ukrainian battlespace, in the Donbass for example. Russian war correspondents have confirmed that "A missile’s flight was heard over Kursk. There’s information about a Storm Shadow attack near Rylsk." While the extent of damage or precise targets is unclear, sources on the ground say that up to a dozen Storm Shadows were fired: Rylsk’s territorial defense forces claimed that 12 Storm Shadow missiles were launched at around 2:50 p.m. Bloomberg, citing an anonymous Western official, also reported that Ukraine had fired Storm Shadow missiles on targets in Russia. Kursk regional Governor Alexei Smirnov announced that two inbound missiles were intercepted by anti-air defenses, but did not specify whether they were the UK-supplied missiles. In a first official acknowledgement and strong hint, Yuriy Ignat, a Ukrainian air force official, wrote on Facebook that "there was a ‘strong storm’ in Kursk region" - according to FT. One of the ... Continue Reading »

Founder Of Jersey Mike's Worth $7 Billion After Selling Chain To Blackstone Who says we don't make things in America anymore? Not Peter Cancro. He got his start making sandwiches back in 1975 when he began working at Mike’s Subs in Point Pleasant, New Jersey, in 1971 as a 14-year-old high school football player, despite being too young to legally use the meat slicers. At 17, with his mother's support, he bought the shop for $125,000, financed by his banker-football coach, choosing the business over college plans. This week he just cashed in after nearly 50 years of hard work and good ole' fashioned American elbow grease. Now, he's worth $7 billion. Jersey Mike's revealed Tuesday it sold a majority stake to Blackstone Inc. in a deal valuing the chain at $8 billion. This boosts founder and CEO Cancro's net worth to $7 billion, placing him among the world's 500 wealthiest individuals, according to the Bloomberg Billionaires Index. Jersey Mike’s, with over $3 billion in annual revenue from its signature subs and “the juice” dressing, marks Blackstone’s third restaurant deal this year, following investments in 7 Brew and Tropical Smoothie Cafe, according to Bloomberg. “We believe ... Continue Reading »

It's My World War III Party And I'll Cry If I Want To Submitted by QTR's Fringe Finance To some degree, it’s expected that an outgoing administration would try to get as many of their policy initiatives through before the next administration takes hold of the reins on January 20. But what can be said about the Biden administration's sudden urge to approve Ukraine's use of U.S.-provided missiles for deeper strikes into Russia, relaxing restrictions on long-range weapon deployment? Previously, Biden firmly resisted such approval, intent on avoiding any escalation he believed might pull the U.S. and NATO into direct confrontation with nuclear-armed Russia. Now, all of a sudden, it seems like a good idea? Just when you thought the Biden administration couldn’t leave one more flaming brown paper bag of dogsh*t on the steps of the White House for President Trump… Among all of the failed policy ideas over the last four years, our foreign policy and our southern border have been the two most dangerous blind spots for our country, in my opinion. Not only have we actively pursued a strategy of avoiding peace talks between Ukraine and Russia—and not only are there semi-decent arguments for the United ... Continue Reading »

Danish Navy Hunts Down Chinese Ship Suspected Of 'Sabotaging' Baltic Sea Cables Update (1135ET): Rabobank's Michael Every told clients this morning about a very alarming situation emerging in the Baltics regions:  So, if you want to worry, look at less glamorous but arguably more significant headlines that don't point to world war, per se, but to world disruption, and major world market volatility. Official allegations of sabotage were made in the EU as: two of Finland's five nuclear plants had to be shut down; a key Norwegian oilfield was shut by a power outage; the support cable on a Finnish suspension bridge broke; and two key Baltic EU data cables were severed. The Chinese vessel Yi Peng has been flagged as a possible cable culprit and at time of writing was forcibly moored in Denmark. This is likely to prompt a strong Chinese diplomatic response; and perhaps an EU one if it proves a Chinese ship damaged key seafloor infrastructure (again: this also happened to a gas pipeline between Finland and Estonia in October 2023). Every's full note, titled "Once You See 'World War 3' Headlines, You Might As Well Buy Everything Because Why Not," can be ... Continue Reading »

What Are The Odds California House District 45 Is Stolen? Authored by Mike Shedlock via MishTalk.com, CA-45 will come down to the wire, perhaps decided by 10 votes or less... California House District 45 Image courtesy of the Washington Post, annotations and insets by Mish. If these percentages hold, and anything remotely close to what’s happening in Pennsylvania happens in California, guess what. Admittedly, the setups are different so that comparison is gone. But there are other issues such as illegal immigrants voting. I doubt illegal immigrant voting widespread. But it doesn’t have to be to steal the election. If the winning margin is 6 or even 600, this question is going to come up. Election Fraud by Democrats Must Stop In Pennsylvania, there is admitted election fraud underway. The state supreme court had to step in, and did with feeble actions. In Bucks County one of those counting votes openly stated “I think we all know that precedent by a court doesn’t matter anymore in this country and people violate laws anytime they want. So for me, if I violate this law, it’s because I want the court to pay attention to it.” For discussion, please see Pennsylvania Supreme Court Rules Election Fraud ... Continue Reading »

Violating His Own Policy, Biden OKs Antipersonnel Mines For Ukraine Determined to leave an even bloodier legacy, President Biden has violated his own policy and approved the shipment of antipersonnel mines to Ukraine, two US officials have told the Washington Post. The move -- which threatens to cause civilian injuries and deaths even after the war ends -- comes in the face of months of Russian battlefield success in which its army has posted the fastest pace of territorial gains since 2022.  The land-mine approval is Biden's second intensification of US military support in just the last few days: Acting very much like a man whose life in politics and life on Earth are both rapidly nearing their ends, Biden over the weekend approved Ukraine's use of long-range, US-supplied, ATACMS missiles against targets deep inside Russia. Brushing aside concerns that such an escalation would nudge the world's foremost nuclear powers closer to World War III, Ukraine wasted no time flexing its new freedom, striking a Russian military facility near the city of Karachev in the Bryansk region -- about 71 miles from the Ukraine border.  In 2022, Biden restored an Obama-era policy that bars America's ... Continue Reading »

WTI Dips After Small Crude Build, US Production Tumbles Crude prices are extending recent gains this morning - albeit modestly - as geopolitical risk premia are rebuilding amid missiles flying in Russia, MidEast tensions continuing, and Biden seems set on WW3 as his legacy. Last night's API report showed a larger than expected crude inventory build and traders are on the lookout for whether a contango market structure is here to stay after the WTI prompt spread dipped into negative territory this week for the first time since February, signaling near-term oversupply. API Crude +4.75mm Cushing -288k Gasoline -2.48mm Distillates -688k DOE Crude +545k (-620k exp) Cushing -140k Gasoline +2.05mm Distillates -114k The official DOE data was very different from the API reported data with a small crude build and large gasoline build. This is the third straight weekly crude build and the biggest gasoline build since early September... Source: Bloomberg The Biden admin added 1.4mm barrels to the SPR last week - the biggest addition since August - making its the fifth straight week of total crude stocks rising... Source: Bloomberg US Crude production plunged by 200k b/d and does not look hurricane-related... Source: Bloomberg WTI dipped after the data... Source: Bloomberg Oil investors are pricing in Trump’s ... Continue Reading »

Once You See "World War 3" Headlines You Might As Well Buy Everything Because Why Not By Michael Every of Rabobank What, me worry? Bloomberg went with a one-word headline in Asia this morning: “Escalation”, which was what I said on Monday while proposing it might be to de-escalate in places. Bloomberg then shifted to “Shambles” to complain ‘Chaos in Rio Shows a World Untethered Even Before Trump Returns’, referring to a G20 meeting with a backdrop of North Koreans fighting in Europe, Israel resisting Middle East US ceasefire attempts, China practicing blockading Taiwan, and nuclear threats now commonplace. Yet going from “All is well (except Trump)” to “PANIC!” lacks nuance. Indeed, while I recently told clients attending our financial market outlook presentations that 2025 was ‘The Year of Living Dangerously’, not everything is worth worrying about equally. Allow a professional worrier to show you how to do it properly! First, once you see “World War 3!” headlines you might as well go risk on because why not? Ahead of the first Ukrainian ATACMS strike in Russia proper yesterday President Putin had changed his nuclear doctrine so it can use nukes if ... Continue Reading »

MSNBC, CNBC On The Chopping Block As Comcast Greenlights $7 Billion Spinoff Comcast on Wednesday announced that it will move forward with plans to spin off its NBCUniversal cable TV networks - including MSNBC, CNBC, USA, Oxygen, E!, Syfy and the Golf Channel. (of course a season 2 Firefly reboot might have saved the whole thing... hint to the new buyer). All together, the assets generated around $7 billion in revenue in the 12 months ended Sept. 30, the WSJ reports. The company will keep Bravo - known for the "Real Housewives," as well as the Peacock streaming service and NBC broadcast network. Executives are betting that their remaining assets - including in broadcast TV, sports, movies and theme parks, will be better positioned for growth. Comcast will announce Wednesday that it is moving forward with a plan to spin off its NBCUniversal cable TV networks, including MSNBC, CNBC, USA, Oxygen, E!, Syfy and Golf Channel. Bravo will stay in the mother ship Real Housewives > Cramer + Maddow — zerohedge (@zerohedge) November 19, 2024 Of course, the decision also comes as a major source of ad revenue - pharmaceutical companies, are about to get ... Continue Reading »

Quails On Cocaine: DOGE Shares Examples Of Gross Government Waste Authored by Steve Watson via Modernity.news, The newly formed Department of Government Efficiency has shared some examples of the kind of obscene government waste that it will abolish. The X account of the department shared a video of Senator Rand Paul highlighting absolutely mental programs and studies that the US government has funded recently. One example was pumping a hundred grand into an experiment to determine whether gin or tequila makes a sunfish more aggressive. Another involved almost one million dollars towards a study to discover whether cocaine makes Japanese quail more “sexually promiscuous.” The video also highlights how the government spent $750,000 to determine if Neil Armstrong said “One small step for man” or “one small step for ‘a’ man,” with the outcome determined to be “inconclusive.” Paul also discovered that $2 million went toward the “construction of a kelp and shellfish nursery in Maine.” Items your tax dollars are being spent on: -$100,000 to study if tequila or gin makes sunfish more aggressive -Nearly $1M to study if cocaine makes Japanese quail more sexually promiscuous -$750,000 to study if the moon landing line was “One small step for Man” or ... Continue Reading »

Target Shares Crash On Profit Miss, Downgraded Outlook, & Market Share Loss As Walmart Reigns Supreme The current consumer environment is very dire for households making less than $100k a year, with the surge in the trade-down phenomenon—driven by both wealthy and low-income consumers grappling with record credit card debt and sliding personal savings—solidifying Walmart's dominance as 'America's low-cost budget retailer,' quickly eroding market share from competitors like Target and Dollar General into the end of the year. Target reported a disappointing margin performance for the fiscal third quarter on Wednseday and slashed the annual EPS forecast over market share losses.  It reported higher digital fulfillment and supply chain costs, resulting from elevated inventory levels and increased digital sales volumes. "We saw several strengths across the business, including a 2.4% increase in traffic, nearly 11% growth in the digital channel, and continued growth in beauty and frequency categories," Chief Executive Brian Cornell wrote in a statement, adding, "We encountered some unique challenges and cost pressures that impacted our bottom-line performance."  Here's a snapshot of third-quarter results (courtesy of Bloomberg):  Comparable sales +0.3% vs. -4.9% y/y, estimate +1.48% Comp digital sales +10.8%, estimate +4.69% Sales $25.23 billion, +0.9% y/y, estimate $25.74 billion Gross margin 27.2%, estimate 28.7% Ebit ... Continue Reading »