Bezos’ Blue Origin Seeks $10 Billion In First-Ever Outside Funding Round Fresh off Elon Musk’s SpaceX IPO, it appears that, for the first time, Blue Origin is preparing to raise outside capital in a deal that would value Jeff Bezos’ rocket company at about $130 billion. Andrew Ross Sorkin, financial columnist for The New York Times and a co-anchor of CNBC’s Squawk Box, wrote in a DealBook report, “I’ve got a scoop on Blue Origin […]

The Great Migration: What The Dow-To-Gold Ratio Is Telling Us Authored by Bryan Lutz, Editor at Dollarcollapse.com, It takes about 13 ounces of gold to buy the Dow Jones Industrial Average. The Dow-to-gold ratio prices the entire American stock market. And it does it in the one currency no central bank can print. Over the past century, it tells the same story. It measures when the US stock market is overvalued… when it’s […]

Stellar 10Y Auction Stops Through, With 3rd Highest Foreign Demand On Record Following yesterday’s stellar 3Y auction, moments ago – with yields surging to the highest level since mid-May – the Treasury completed the sale of $39BN in a 9 Year 10 Month reopening of 10Y cusip QQ7, in what was another spectacular auction. The note sale, which priced just after 1pm ET, stopped at a high yield of 4.580%, up from last month’s 4.538%, and […]

Russia Bans Diesel Exports, Assuring Even Higher Prices As was widely speculated in recent days, Russia banned exports of diesel in order to avoid domestic shortages after a flurry of attacks by Ukrainian drones on the nation’s refineries. “Today we introduced ban on exports of diesel,” Deputy Prime Minister Alexander Novak said at the government’s meeting with President Vladimir Putin. The decision will further squeeze […]

Iran Threatens To Choke Off Hormuz Again As US Readies Blockade; Trump Says Tehran Wants To Assassinate Him Summary Trump tells NATO summit that Iran wants to assassinate him: “on every single one of their list.” Iran threatens to reclose the Strait of Hormuz and suspended final talks with the US. The US earlier revoked an Iranian oil waiver & now signals readiness to restore a maritime blockade. Trump said the ceasefire is […]

George Soros Angers Hamptons Residents After Massive Land Purchase Authored by Luis Cornelio via Headline USA, George Soros has long used his billions to influence politics, but now his family appears to be using that wealth to reshape its own backyard through a massive land grab in the Hamptons. The Soros family has purchased 18 plots of land on Shelter Island, a Hamptons community, angering residents who are concerned that […]

FOMC Minutes Preview: Scrutiny For Hawkish Bias Today’s FOMC minutes will be scrutinized for further insight into policymakers’ appetite for additional rate hikes and the thinking behind the Committee’s hawkish shift at last month’s meeting. The minutes are an account of the June 17th meeting and therefore will not reflect subsequent developments, including the softer-than-expected June nonfarm payrolls report or Chair Warsh’s […]

Southern Poverty Law Center Pleads Not Guilty To Federal Fraud Charges Authored by Matthew Vadum via The Epoch Times, The Southern Poverty Law Center (SPLC) on July 7 entered not guilty pleas again to 11 criminal counts alleging it defrauded donors by sending millions of dollars to informants who infiltrated white supremacist and so-called hate groups that it publicly opposed. The fresh arraignment of the nonprofit organization […]

63 Million Barrels Of Iranian Oil Stuck At Sea After US Pulls Iran Sanction Waiver Tehran’s oil export troubled just got worse.  One week after we reported that Iran was already struggling to sell its crude to buyers in Asia (including China, which appears to now prefer UAE exports instead), overnight the US rescinded the sanctions waiver that allowed Tehran to sell its oil without penalties, making sales of Iranian crude to […]

Your Delusion Doesn’t Make Me A “Doomer” Submitted by QTR’s Fringe Finance “There exists in society a very special class of persons that I have always referred to as the Believers. These are folks who have chosen to accept a certain religion, philosophy, theory, idea or notion and cling to that belief regardless of any evidence that might, for anyone else, bring it into doubt. They are the ones who encourage and support the […]

Trump Greenlights Patriot Missile Production In Ukraine, Praises Deep Strikes Into Russia President Trump just prior to entering the Oval Office vowed to quickly achieve peace in the Russia-Ukraine war, which is currently in its fifth year. The MAGA base got energized by Trump’s earlier repeat statements that he’d bring peace to major global flashpoints and hotspots, but instead of anti-interventionism he started a new war of choice […]

WTI Extends Gains As Crude Exports Slide, SPR Drain Continues, ‘Tank Bottoms’ Hit Oil prices spiked overnight to three-week-highs after President Trump said that he thought the Iran cease-fire was “over” amid a volatile 24 hours in the Persian Gulf region. The Trump admin launched a series of strikes on Iran and revoked a waiver that had allowed Iran to sell oil in retaliation for attacks on tankers this week in the Strait of […]

Trump Admin Approves Public Release Of OpenAI’s GPT-5.6 Models Ahead Of Thursday Release The Trump administration has approved the wide public release of OpenAI’s advanced GPT-5.6 model family, a source familiar with the discussions confirmed to Axios on Tuesday. OpenAI announced late Tuesday night that its flagship model, named Sol, along with the more accessible Terra and Luna variants, will launch publicly this Thursday. Prompt […]

The Plumbing For Vast Defense Spending Needs To Be Set Up By Michael Every of Rabobank In response to Iranian strikes on ships using the Omani route in Hormuz, the US has struck Iranian air defense, missile, and drone sites in the Strait and suspended its oil sanctions waiver. These are clear breaches of the MoU, and we will now see if Iran escalates –it says it will take “decisive” action– with the risk of war if the US is […]

South Korea Falls Into Bear Market As Memory Euphoria Fizzles It started off with the usual morning rush by retail momentum chasers into the handful of massive, market-moving names (read Samsung Electronics and SK Hynix), but as has been the case over the past two weeks, the initial euphoria quickly reversed and the Kospi rolled over, closing down 5.4%, 9.99% over the past two days, and down 22% from the all time high of 9385 hit […]

Zelensky In Ankara Still Insistent On Ukraine Joining NATO: ‘Alliance For The Future’ President Volodymyr Zelensky is in full court press mode while being present in Ankara for the annual NATO summit, amid Western leaders including President Trump. He has predictably renewed his argument for Ukraine to join the North Atlantic alliance, while also touting some momentum on the battlefield as Russia comes under repeat long-range drone […]

Higher Electricity Rates In Blue States Linked To Renewable Energy Policies Authored by AG News Staff via American Greatness, A new analysis by Always On Energy Research and the Institute for Energy Research concludes that renewable energy mandates and net-zero policies have contributed to higher electricity prices in states that adopted them, while states with fewer climate-related mandates generally have lower electricity costs. […]

Futures Slide, Oil Jumps After Trump Declares Iran Ceasefire Over Markets are on the backfoot this morning with equity futures and macro credit under pressure, bond yields spiking, the USD higher, and oil jumping after President Trump thrust geopolitical risks back into focus by declaring the ceasefire between the US and Iran to be over calling it “a waste of time” after the US launched strikes against Iran in response to […]

NATO Chief Backs Renewed US Strikes On Iran As ‘Absolutely Necessary’  Even if most individual NATO members are still reluctant to jump on board Trump’s Iran war, NATO Secretary-General Mark Rutte is busy praising American military action there amid the annual summit in Ankara. Rutte has freshly described the overnight fresh US military strikes on Iran in response to Tehran attacking multiple international shipping vessels […]

Senate Defense Bill Would Establish Fund For Government To Buy Into Private Companies Authored by Kevin Stocklin via The Epoch Times, A new bill in Congress would enshrine into law the ability of the executive branch to buy into private companies, and create a fund to finance the purchases. The Pentagon in Arlington, Va., in this file photo. Carolyn Kaster/AP The current Senate version of the National Defense Authorization Act […]

Trump Tells Bessent To Halt US Trade With Spain, Calls Madrid A “Wasted Cause” During a NATO summit in Ankara, President Trump instructed Treasury Secretary Scott Bessent to cut off trade with Spain over defense spending. “I didn’t speak to Spain. Spain is a wasted cause. We don’t want to do any trade business with Spain anymore,” Trump told reporters. “By the way, I’d like you to cut it off,” the president said, turning to […]

Most Americans Don’t Believe NATO Would Assist If The Country Were Attacked Via The Libertarian Institute Most Americans do not believe that European members of the North Atlantic Alliance would come to the United States’ aid if attacked.  Politico reported that a NATO poll found that just 43% of Americans believe the bloc would assist the US if needed. While Politico was unable to view survey results from previous years, a […]

Prospective Homebuyers Face Another Year Without Affordability Relief Goldman economist Ronnie Walker has some bad news for prospective homebuyers: while the housing market appears soft but broadly stabilizing, affordability pressures are unlikely to abate anytime soon. Walker expects mortgage rates to remain elevated through next year, while national home prices are still forecasted to rise modestly. That means buyers waiting for […]

US Bitcoin Reserve Stalls As Treasury And Commerce Vie For Control: Report Authored by Micah Zimmerman via BitcoinMagazine.com, Sixteen months after President Donald Trump ordered his administration to build a federal bitcoin reserve, the White House says it is still working out how the fund should be structured, and a dispute between two departments has slowed the effort, according to recent reporting from Bloomberg. […]

How America’s Wealth Distribution Has Changed Over The Last 40 Years Wealth reflects the value of everything households own, including homes, stocks, businesses, and savings, minus what they owe. Because different wealth groups own very different mixes of assets, long-term market trends can reshape how the nation’s wealth is divided. This graphic, via Visual Capitalist’s Boyan Girginov, tracks how U.S. household wealth has […]