Joe Biden's Inflation Reduction Act "Secretly" Brought To You By Bill Gates

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"Gates looks back at the new law with satisfaction. He achieved what he set out to do..."


The Incredible Shrinking Merrick Garland

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In his confirmation hearing, Garland repeatedly pledged that political considerations would hold no sway with him as attorney general...


US stocks declined as global markets digested red-hot UK CPI data and the latest FOMC Minutes - Newsquawk Asia-Pac Market Open

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US stocks finished lower with early headwinds stemming from the EU session in the aftermath of the red-hot UK CPI data which rose to a 40-year high and spurred upside in yields, although markets were later cushioned by the FOMC Minutes as many officials saw a risk that the Fed could tighten more than necessary

An Earthbound 'Cannibal Coronal Mass Ejection' Event Could Be Imminent

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"NOAA/SWPC has the other five hitting in machine-gun fashion starting on the 18th."


Many Casualties After Bombing Targets Taliban Mosque In Kabul

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Prominent cleric among at least 10 reported killed...


Is A Chinese Devaluation Imminent?

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With inflation in the US already coming down, a further weakening of the CNY will simply accelerate that process, taking the heat off the Fed...


Rugpull: After Stratospheric Gamma Squeeze, Ryan Cohen Files To Sell Stake In Bed, Bath & Beyond

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The army of retail investors chasing the gamma squeeze in BBBY just took a very cold bath...


5th Body Found At Drought-Stricken Lake Mead

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More and more bodies are being discovered as water levels drop. 


UK inflation spike ignites risk aversion but dovish FOMC Minutes soften the blow - Newsquawk US Market Wrap

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REAR VIEW: FOMC Minutes lack hawkish punch; Mixed US retail sales; Disappointing 20yr auction; Atlanta Fed GDPnow Q3 tracker cut to 1.6%; Bullish EIA data; UK CPI highest in 40 years; China's military is to partake in a military exercise in Russia; Poor TGT earnings; LOW beat on profit.

An Inauspicious Anniversary: Nixon Slams Shut The Gold Window

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...on Aug. 15, 1971, Nixon promised the action would be temporary in order to “defend the dollar against the speculators,” but this turned out to be a lie...


Stocks & Bonds Dump As Short-Squeeze Ammo Runs Dry At Critical Technical Level

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...remember, remember the 19th of May 2008...


"The West Is Really In Deep Trouble On Many Fronts – Many Self-Inflicted"

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Frivolity and been the order of the day for far too long.


Judge Orders Twitter To Provide Elon Musk With Executive Documents On Fake Accounts

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Beykpour was described in Musk's court filings as one of the executives "most intimately involved with" determining the amount of spam and bot accounts on Twitter...


FOMC Minutes: Anticipation For "Rate Increases" But Risk Fed Could Tighten "More Than Necessary"; Financial Conditions Already "Tightened Notably"

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"Participants noted that the Committee’s credibility with regard to bringing inflation back to the 2 percent objective, together with its forceful policy actions and communications, had already contributed to a notable tightening of financial conditions"


Study Claims More Kids Are Fat And Unhealthy Because Of Global Warming

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Not because they are fed crap and encouraged to vegetate in front of iPads and TVs?


Ford Hikes Price Of EV F-150 Up To $8,500, More Than Biden's "Inflation Reduction" Subsidy

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Today in both "price fixing is useless" and "your taxpayer dollars at work" news...


Dershowitz: Arresting Or Convicting Trump Won't Keep Him Out Of 2024 Race

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"He can run for president even if he’s indicted, convicted, and wearing striped shirts, prison garb..."


Peloton To Redesign Bike For DIY Assembly At-Home

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So no more delivery technicians? If the assembly is anything like IKEA, customers won't be happy. 


U.S. Shale Faces More Than $10 Billion In Hedging Losses

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U.S. shale oil producers are in line to suffer more than $10 billion in derivative hedging losses this year if oil prices remain around $100 per barrel, Rystad Energy research shows.


Ugly 20Y Auction Sees Biggest Tail On Record As TSY Curve Kink Fail To Shrink

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Contrary to a blast from a popular financial outlet that the 20Y auction should "go well", the just concluded sale of $15BN in 20Y paper did not go well. In fact, it went very badly.