Ohio State University Reaches $100 Million Settlement With Nearly 300 Sex Abuse Survivors Authored by Jasper Ward via The Epoch Times, Ohio State University has reached a $100 million settlement with nearly 300 former students who had accused the school’s campus doctor of sexually assaulting them decades ago, the school and a lawyer for the victims said on Wednesday. The Ohio State University campus in Columbus, Ohio, U.S., […]

Ringing The Bell: Meta Plunges On Report It May Sell “Tens Of Billions” In New Stock They don’t ring the bell at the top, but they sure do sell a lot of stock. With SpaceX, Anthropic and OpenAI looking to IPO hundreds of billions in common stock (not counting even more hundreds of billions in lock up expirations that will hit the market soon)… … coupled with Google’s record $80 Billion follow on offering (of which half was a […]

Fannie, Freddie Jump After Trump Floats $1 Trillion Valuation Fannie Mae and Freddie Mac shares jumped on Friday morning after President Trump said late Thursday that the mortgage giants were “probably worth $1 trillion,” reviving Wall Street hopes for a long-awaited exit from government control. President Trump praised FHFA Director Bill Pulte on Thursday for turning around Fannie Mae and Freddie Mac, saying the mortgage giants […]

University Of Oregon Grapples With Budget Crisis After Years Of Woke Excess Authored by Jonathan Turley, It appears that being unrelentingly woke means that you need fewer dormitories. The University of Oregon is facing a major budget crisis and will cut $65 million from its budget and close dorms due to low enrollment. That growing crisis, however, did not stop Oregon from burning almost a million dollars fighting against free […]

“The Rebirth Of America’s Nuclear Industry”: Antares Microreactor Goes Critical Antares just did something that has been painfully rare in American nuclear energy: it took a privately developed advanced reactor from concept to actual criticality on an aggressive, publicly stated schedule. On June 4th at Idaho National Laboratory (INL), the company’s Mark-0 microreactor achieved initial zero-power fueled criticality under the […]

New Footage Reveals Ford Carrier Damage Far More Severe Than Pentagon Acknowledged Newly surfaced footage obtained by CNN indicates that a severe fire aboard the USS Gerald R. Ford – the world’s largest aircraft carrier – inflicted far more extensive damage than the Trump administration initially admitted to the public. Early in the conflict it was forced to depart Mideast regional waters and retreat West in the Mediterranean, […]

Morgan Stanley Projects SpaceX Revenue Hitting Stratospheric $3.4 Trillion In 2040, $2.7 Trillion In EBITDA Yesterday we shared a forensic analysis of the mechanics of the $75 billion SpaceX IPO and how to trade it, while specifically saying we are leaving the fundamentals aside. The reason for that is that the historicals of the company are, to put it mildly, problematic when it comes to projecting how the company grows into a […]

Micro-Cap ‘War Unicorn’ Merlin Soars After Advancing AI Pilot For C-130 Military Plane Aerospace and defense technology firm Merlin jumped in premarket trading after announcing that its AI-powered autonomous flight software for the C-130J Super Hercules cargo plane, developed with U.S. Special Operations Command, is moving toward formal testing. Merlin wrote in a press release earlier that its AI-powered autonomous flight software […]

ISS Astronauts Told To Prepare For Possible Evacuation As Air Leak Worsens NASA senior adviser and press secretary Bethany Stevens wrote on X that astronauts aboard the International Space Station have quickly shifted into SpaceX’s Dragon spacecraft and are prepared to evacuate if needed, after cracks and leaks in the Zvezda service module transfer tunnel appeared to worsen. “The Zvezda service module transfer tunnel, known as PrK, […]

The Atomic Crab By Benjamin Picton, senior market strategist at Rabobank The Atomic Crab The Dow Jones hit a fresh all-time high yesterday, surging 1.73% to close at 51,562. The S&P500 posted more modest gains while the NASDAQ closed slightly lower as investors rotated out of some growth-oriented tech names and back towards healthcare and financials with more of a value or cyclical flavor. Treasuries traded in a narrow range […]

“Stocks Should Go Up, Not Down”: Trump Rages At Market Reaction To ‘Great’ Jobs Report Global capital markets are a mess following this morning’s hotter than expected rise in US employment. Nasdaq is down 2%… Yields are spiking dramatically… The dollar is rampaging higher… And Gold (and bitcoin) are getting clubbed like a baby seal… All of which prompted President Trump to exclaim that “stocks should go up, not […]

Goldman, JPM Block China, Hong Kong Investors From SpaceX IPO SpaceX’s institutional roadshow kicked off Thursday, with JPMorgan CEO Jamie Dimon hosting a “live interactive discussion” for ultra-wealthy clients across 90 JPM locations in 26 states. Shortly after, SpaceX’s IPO slide deck was made public, likely in a bid to supercharge retail demand for what could be the largest public listing in history. However, one key investor […]

Rubio: ‘Most Of The World Assesses’ That Israel Has Nuclear Weapons Authored by Dave DeCamp via AntiWar.com, US Secretary of State Marco Rubio on Wednesday was asked whether Israel has nuclear weapons and acknowledged that “most of the world assesses that they do,” but also reaffirmed the US policy of not acknowledging the existence of Israel’s nuclear stockpile and secret weapons program. Rubio made the comments when being […]

US Jobs Soar By 172K In May, Smashing Estimates In 4 Sigma Beat; Unemployment Rate Remains At 4.3% With Wall Street expecting a strong – not great – number, and a modest decline from April’s 115K, moments ago the BLS reported a shocker: in May the US added 172K jobs… … not only a 4-sigma beat to the median estimate of 88K, but also above the highest estimate of 125K. In a noteable change from previous months’ downware […]

Peace Talks Stall: U.S. Denies Iranian Claims Of Warning Shots At Destroyers Summary: U.S. CENTCOM Denies Report  Iran Military Fires “Warning Missiles” At US Destroyers In Gulf of Oman Iran FM Warns American Bases Are Legitimate Targets, Cites ‘No Tangible Progress’ In Talks Polymarket  US x Iran permanent peace deal by June 30, 2026? Yes 25% · No 76%View full market & trade on Polymarket Strait of Hormuz traffic […]

Iran Oil Exports Plunge To Four Year Low As Blockade Tightens, While Inflation Soars To World War 2 Levels If it was indeed Trump’s intention to starve Iran’s economy of oil export revenue, the plan may just be working: Iran’s oil exports fell to their lowest level in at least six years in May as the US naval blockade has succeeded in choking off crude shipments and leave tens of millions of barrels stranded at sea. According to […]

ZEC Crashes As Zcash Admits ‘Critical Counterfeiting Vulnerability’ Exposed By Claude Authored by Martin Young via CoinTelegraph.com, The price of ZEC fell on Thursday after further details were disclosed of a critical counterfeiting vulnerability in Zcash’s Orchard pool that could theoretically allow a bad actor to mint an unlimited amount of ZEC. According to a post on X, security engineer Taylor Hornby, who was engaged by […]

Demented NY Dems Erase “Mother” From State Law, Replace Her With “Gestating Parent” Authored by Steve Watson via Modernity, Latest nonsense targets family courts, custody, and parental rights Outrage is exploding after New York Democrats rammed through legislation that strips the words “mother” and “father” from key sections of state law and replaces them with cold, clinical inventions: “gestating parent” and “non-gestating […]

Globalist CEOs Sound Alarm Over Swiss Population Cap Vote Summary:  Increasing Number of Globalist CEOs Concerned About Swiss Population Vote Nestle CEO Warns Against Swiss Population Cap Vote UBS CEO Warns Swiss Population Cap Is An ‘Extreme’ Measure Switzerland’s “Ten Million” Vote Nears  Nestle CEO Warns Against Swiss Population Cap Globalist CEOs who ignored more than a decade of Europe’s mass migration […]

Futures Drop On Souring Chipmaker Sentiment, Kospi Plunge Futures are lower amid fresh underperformance of tech. If the premarket weakness persists, the S&P 500 is set to break a historic weekly run of gains as the AI trade takes another leg lower this time driven by the cartoonish Kospi index, with investors also expecting payrolls data to affirm that interest rates will stay higher for longer (full payrolls preview here). […]

Lululemon Bear Market Deepens After Guidance Cut Spooks Wall Street Lululemon tumbled in New York premarket trading as its multi-year bear market deepened, with shares on track to revisit levels last seen since 2018 after a guidance cut.  The struggling athleticwear company now expects full-year revenue of $11 billion to $11.15 billion, below the Bloomberg Consensus estimate of $11.49 billion, while its second-quarter sales and […]

Britain’s Borrowing Outlook Darkens As Energy Shock Deepens Via City AM, The OBR says it underestimated the fiscal damage from the 2022 energy shock and will apply those lessons to the latest Middle East-driven price surge. Higher oil and gas prices could increase UK borrowing through debt interest, welfare payments, and pressure on departmental budgets. The Bank of England has warned that a severe energy shock could […]

Trump Softens Red Line: ‘No Reason’ To Retrieve Iran’s Nuclear ‘Dust’ As It’s Effectively ‘Entombed’ Summary Trump remarks suggest the fate of Iran’s stockpile of enriched uranium is no longer be the central issue it once was. Hezbollah chief rejects outcome of Lebanon-Israel talks, insisting that a truce must encompass whole country. WSJ reports that the White House intends to maintain a ceasefire with Iran unless American […]

Alarming Supply-Chain Stress Sends Transport Cost Soaring, Fueling Inflation Fears Nearly three weeks ago, UBS analyst Pierre Lafourcade reactivated his desk’s supply-chain watch coverage after stress across global supply chains was “rising at its fastest pace since the early pandemic.” That warning is now increasingly getting louder by the week, with ongoing disruptions around the Hormuz chokepoint and the resulting energy supply […]

Inquest To Examine If Police Hand-Cuffing Contributed To Henry Nowak’s Death Authored by Steve Watson via Modernity, The system that failed Henry Nowak will come under refreshed scrutiny as some medical experts have suggested police actions could have contributed to his tragic death. An inquest will probe whether Hampshire police officers caused or contributed to the 18-year-old student’s death when they yanked his arms behind […]