Hegseth, Joint Chiefs of Staff Chair Dan Caine and other senior military leaders reportedly briefed President Trump on Wednesday at the White House regarding military options for the region, including potential land strikes against Venezuela. It also came shortly after the news broke that the U.S. military had conducted its 20th lethal strike against an alleged drug-trafficking boat …
Continue reading “US announces ‘Southern Spear’ op to ‘remove narco-terrorists’”
Verizon Communications Inc. plans to eliminate roughly 15,000 jobs in what would be the largest job cuts in the company’s history, the Wall Street Journal reported on Thursday, citing people familiar with the matter. According to the report, the purpose of the job cuts is to cut expenses as the company faces growing competition in …
Continue reading “Verizon said to eliminate 15K jobs in biggest cut yet”
The International Energy Agency (IEA) said in its November Oil Market Report, published on Thursday, that in the third quarter, world oil demand growth “rebounded” to 920,000 barrels per day (bpd), with “stronger deliveries in China” as the main reason behind the rise. According to the data, the increase was “more than double” compared to …
Continue reading “IEA: Oil demand growth rebounded to 920 kb/d in Q3”
US strikes on three Iranian nuclear sites in June slowed down the nuclear program, likely buried Iran’s stockpile of highly enriched uranium, and effectively paused enrichment activities. The attacks prompted Iran to reevaluate its nuclear strategy, and after declaring the end of international oversight of its nuclear program due to the expiry of the 2015 nuclear …
Continue reading “Iran Is Rebuilding Its Nuclear Program Deep Underground”
Bitcoin is struggling to climb out of a $330 billion hole, and the forces that once powered its ascent are in retreat. After a bruising October, the digital currency has staged only a halting recovery — climbing, dipping and stalling above $100,000. What’s missing this time is the powerful tailwind that defined much of 2025: institutional conviction. …
Continue reading “A $25 Billion Bitcoin Bet Is Fraying as Doubt Hits Big Buyers”
Crude oil prices fell 2% on Wednesday after the Organization of Petroleum Exporting Countries (OPEC) left its global oil demand growth forecast unchanged both for 2025 and 2026. Additionally, OPEC signaled in its latest monthly report that the global oil market was oversupplied in the third quarter as the United States surpassed output expectations. West …
The International Energy Agency further tempered its stance on an imminent peak in oil demand, reinstating a scenario in which global consumption keeps growing to the middle of the century. While oil demand was set to plateau or fall this decade in all three scenarios the IEA examined last year, the latest report reintroduces a “Current Policies Scenario” …
Continue reading “IEA now says oil demand will grow until 2050.”
About a month ago, BlackRock Inc. deemed the private debt it had extended to Renovo Home Partners, a struggling home improvement company, to be worth 100 cents on the dollar. As of last week, the firm had a new assessment: zero. The drastic revision comes as Dallas-based Renovo — a roll-up of regional kitchen and bathroom remodeling businesses …
Continue reading “BlackRock Faces 100% Loss on Private Loan, Adding to Credit Market Pain”
United States President Donald Trump urged air traffic controllers on Monday to resume work, warning of consequences if they fail to do so. “All Air Traffic Controllers must get back to work, NOW!!! Anyone who doesn’t will be substantially ‘docked,’” Trump said in a Truth Social post. He added that he is “NOT HAPPY” with …
Continue reading “Trump: Air traffic controllers must get back to work…. The art of the bribe”
Eric Trump, son of United States President Donald Trump, said on Friday that Bitcoin will reach the price of one million dollars per coin, but that it can take “several years before it does. While on the Fullsend Podcast, Eric Trump claimed that the demand for Bitcoin is big globally and that “there are major …
Continue reading “Eric Trump: Bitcoin will hit $1M… Warren Buffet says zero”