Trump CFO Allen Weisselberg Pleads Guilty To Tax Scheme, Will Testify Against Trump Org

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He has agreed to testify as part of the deal...


Mind Medicine Soars On Speculation It Could Be The Next Bed Bath & Beyond

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Can the young Jake Freeman (or rather, his uncle) pull it off again?


'A Clear And Powerful Public Interest': Judge Urged To Unseal FBI Mar-A-Lago Raid Affidavit

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The government has given "little explanation as to how release would harm the ongoing investigation..."


Russia Deploys MiG Fighters Armed With Hypersonic Missiles To Kaliningrad

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Placed on "round-the-clock alert"...


Tulsi Gabbard: Washington Elite Pose "Greatest Threat" To Democracy

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They've "weaponized the govt and teamed up with corporate media..."


Russia Claims Ukraine Prepping "False Flag Provocation" At Zaporizhzhia Nuclear Plant As IAEA Attempts Access

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Moscow again rejects US calls for a demilitarized zone around the large nuclear power plant...


"We Are All Watching The Beads Of Sweat Forming On The Fed's Forehead"

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One cannot help but think that there is some significance in the RBNZ, BOE, and Fed all now flocking together towards a base rate around 4% and then staying there for “some time."


"We're Witnessing A Housing Recession": Existing Home Sales Crater 20% In July As Affordability Collapses

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"However, it's not a recession in home prices. Inventory remains tight and prices continue to rise nationally with nearly 40% of homes still commanding the full list price."


In Surreal Story, 20-Year-Old Student Acquires 6% Of Bed Bath & Beyond, Makes $110 Million In 3 Weeks

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We thought that today's story about Ryan Cohen filing to dump his entire stake in Bed Bath & Beyond after sparking a massive gamma squeeze using deep OTM call options would be the most absurd meme-related story of the day. Boy, were we wrong.


Japan Wants People To Drink More Alcohol As Generational Trend Cuts Tax Haul

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Japan's tax agency gets proactive about its alcohol problem


A Deeper Dive Into The CDC Reversal

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The problem from the beginning was that there never was an exit strategy from the crazy lockdown/mandate idea...


China's Power Crisis Worsens As More Factories Suspend Operations

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"Besides COVID-19 and property collapses, China is now facing heatwaves and drought, which means crop failures and hydroelectricity shortages." 


Fed Fund Futures Belie Idea That July Minutes Were Dovish

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Were the minutes of the Fed’s policy meeting for July dovish?


Initial Claims Drop From 10 Month High As Continuing Claims Keep Rising

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Finally a drop in the recent relentless surge in initial claims: an actual improvement in the labor market or someone at the DOL got a tap on the shoulder.


Plea Deal Rejected For Couple Accused Of Selling Nuclear Submarine Secrets

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"The FBI became involved in the couple’s scheme after an agent obtained a package intended for a foreign entity..."


Futures Levitate Higher After China Vows To Accelerate Reopening

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“This rally is over-extended in the technology sector. The relative valuation of most of those Nasdaq stocks compared to other stocks around the world has become extreme again, and positioning has become quite extreme again."


Lira Crashes After Turkish Central Bank Makes Shock Rate Cut Despite Raging Hyperinflation

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“It is important that financial conditions remain supportive to preserve the growth momentum in industrial production and the positive trend in employment" despite the raging hyperinflation.


Winter Is Coming For Europe As Stagflation And Energy Crises Are Set To Bite

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Europe looks a lot like a wasp’s nest at the end of summer – things may get substantially more painful...


Price-Hikes Leave Streaming Customers With Tough Choices

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As consumers are grappling with inflation, trying to cut down on non-essential spending...


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European bourses began the session mixed/flat and are yet to gain any real traction in relatively limited newsflow, Euro Stoxx 50 +0.5%.