Independent thinking for complex markets and current events
The view from our headquarters @LACOFD pic.twitter.com/FgVaFPayUG — Grant (@LACo2CAR) June 18, 2026 Big fire start around 2:35 pm at Lineage Logistics cold storage warehouse in Boyle Heights (1400 S Los Palos St), Los Angeles. Building very big, almost 500,000 square feet. Fire begin on roof and burn many solar panels, make thick black smoke …
President Trump sign hard copy of draft memorandum of understanding (MOU) with Iran during dinner at Palace of Versailles after G7 meetings. This after digital signing few days before by Trump, Vance and Iranian side. Deal aim to end recent war, open Strait of Hormuz (with some conditions), start 60 days talk on nuclear and …
DoubleLine Capital CEO Jeffrey Gundlach said new Federal Reserve Chairman Kevin Warsh struck a more hawkish tone than many investors expected, underscoring his commitment to restoring price stability and signaling less appetite for easy monetary policy. “He is absolutely telling you that he plans on delivering on price stability. So that means… we’re not going …
US side emphasizes toll-free passage (at least initially) and negotiations on future administration (involving Oman too). Iran emphasizes sovereignty, “services,” and that things won’t go back to exactly how they were before the war. 🚨 BREAKING 🇮🇷 IRAN’S TOP NEGOTIATOR QALIBAF JUST SAID LIVE: THE STRAIT OF HORMUZ WILL NOT RETURN TO PRE-WAR CONDITIONS. IRAN …
Interesting realtor take on the current housing market: pic.twitter.com/ylC89h0jp5 — QE Infinity (@StealthQE4) June 17, 2026 Homebuilder confidence stuck in prolonged slump not seen since foreclosure crisis (TNND) — Another report pointed to weakness in the housing market, as builder confidence fell two points to a Housing Market Index reading of just 35 in June, …
Lake Mead may fall to its lowest elevation since the vital reservoir was filled in the 1930s, according to federal projections issued Monday. According to the U.S. Bureau of Reclamation’s (USBR) latest “most probable” projection for the nation’s largest reservoir, Lake Mead’s elevation is expected to fall to 1,015.77 feet by the end of July …
This tax hit businesses like exchanges, custodians, wallet services, brokers that do exchange, transfer or storage for customers. It apply if customer in Illinois (by location, IP, address etc.). Even out of state company can pay if they have enough Illinois users or $100k+ receipts from state. BDO tax summary: https://www.bdo.com/insights/tax/illinois-enacts-potentially-wide-reaching-digital-asset-tax Bitcoin Magazine on signing: …
Trump: Iran has to have some missiles because other people have missiles. What am I going to do? Am I going to let Saudi Arabia have missiles but Iran can't have them? They hurt a little location, but they don't blow up the planet. pic.twitter.com/EGWsLXIgQJ — Ariel Oseran أريئل أوسيران (@ariel_oseran) June 17, 2026
Storm Prediction Center put Moderate Risk (level 4 out of 5) for parts of Illinois and Indiana. Rare for June. Millions of people in danger zone. All bad weather possible: strong tornadoes, very damaging winds, big hail, heavy rain with flash flood. Two rounds of storms expected, first in afternoon, second in evening/night. Supercells can …
We’re learning more about this peace deal between the United States and Iran. In February, former Israeli intelligence officer Ari Ben-Menashe said Benjamin Netanyahu is about to release the real Epstein files in an effort to sabotage the peace deal if the US and Iran put something together.
Trump family’s crypto firm World Liberty Financial to receive approval for a national trust bank license from the Office of the Comptroller of the Currency (OCC). The OCC expects to advance the banking charter for USD1 on and off-ramps despite ethics concerns and political scrutiny. Trump Family’s World Liberty Financial Nears Securing Bank License from …
There was a time when major companies were launching NFTs. Mainstream media coverage. Sold by top auction houses. All kinds of contrived “use cases”. Now it’s an irrelevant asset with bagholders who are not getting their money back. I think it’s a microcosm of how BTC is going to fail. The critical mass of gamblers …
My phone just installed all of this crap without even asking byu/Remarkable_Ninja_791 inmildlyinfuriating This happen on Android phone, mostly carrier version (T-Mobile, AT&T, Verizon, etc.). Phone maker or carrier push bloatware after update or in background.
The $12 poverty tax byu/gashtal_man inFluentInFinance You can avoid fee if keep $1,500 minimum daily balance OR get $250+ direct deposit each month OR join their rewards program. Many poor people who can’t meet this pay the $12. Post call it “$12 poverty tax” because being low money cost you extra. Comments many angry, say …
via YSK: While it is true that sleep is a major part of memory consolidation, it is often overlooked that initial daytime consolidation is very significant. Taking a microbreak (doing nothing or a low stimulation activity, resting your brain for a few minutes) after a lot of input can make a big difference for your …
Leon Black use many lawyers to appeal and fight case. He want throw out abuse claim from woman. Woman say Black rape her when she young teen at Epstein house in 2002. Case link to Epstein scandal. Court later sanction woman and her old lawyer for fake evidence (sonogram in journal) and lies. But case …
Didn't he just sign a deal? byu/RepairSubstantial735 insmallstreetbets ‘If they don’t behave, we’ll go back to shooting at them’: Trump threatens Iran Asked if the agreement is “final”, Trump replies, “No, it’s not final.” He added: “It’s a memorandum of understanding. And if I don’t like it, we’ll go back to shooting at them, dropping …
Americans are increasingly raiding their retirement savings just to stay afloat (housing + medical costs). Even with strong stock market gains (which boosted average 401k balances to record highs), many people are still struggling. Passive investing (automatic 401k contributions going into index funds like VOO/SPY) has been one of the biggest drivers of the bull …
CNN fact-checks this: The investigation was not started by Trump or ordered from the top DOJ in Washington. It was launched last year (2025) by the US Attorney’s Office in Sacramento after whistleblower reports. Newsom is accused of doing “damage control” because things are getting hot for him. 🚨 WOW! Even CNN is REBUTTING Gavin …
Rupert Lowe (Restore Britain MP) chair this private inquiry. Crowdfunded, survivor-led, no government power. Report say grooming gangs (mostly Pakistani Muslim men) rape and traffic at least 250,000 young white British girls over decades in 149 areas since 1950s. It list many horrible cases: girls 11+ get drugs/alcohol, gang raped, filmed, trafficked. Some pregnant, tortured. …
SpaceX IPO’d around $1.75–1.8T valuation (priced at $135/share), raised record ~$75B. Stock jumped fast, pushing market cap over $2T+ quickly. 2025 revenue: ~$18.7B (mostly Starlink). Reported net loss in 2025 (around $5B range in filings, partly due to heavy capex on Starship, xAI integration, etc.). Starlink itself is profitable/growing fast. Valuation is extremely high vs …
Meta will allow people reassigned to the AI task force to reapply for other jobs within Meta if they want to, and it is increasing budgets for travel, events, and snacks, Wired reported. https://www.businessinsider.com/meta-cto-andrew-bosworth-addresses-morale-after-layoffs-ai-shift-2026-6
@mazemoore This video is a powerful indictment of the Democrats and shows they are the true enemies of free speech. They project totalitarianism onto Trump while pushing censorship themselves—something our Founding Fathers rejected. The First Amendment protects dissent from… pic.twitter.com/YN8txi9kaD — Sabrina (LionHearted) (@LionHearted76) June 16, 2026
by ragingbull10 I’m genuinely trying to understand the math. Tesla is worth roughly $1.2 trillion today. Current numbers are approximately: Revenue: ~$100B/year Net income: ~$4B/year Revenue growth: roughly flat over the past year P/E: ~300x Let’s assume Tesla achieves enormous success. By 2035: FSD works. Robotaxis are widely deployed. Optimus becomes a real business. Energy …
Dumping Hydrogen Peroxide into the reflecting pool this morning. byu/i_am_rave_mom inmildlyinfuriating 🇺🇸 Underwater camera footage shows the damage inside Trump's renovated Lincoln Memorial Reflecting Pool up close. A section of paint peeled off the bottom and was removed, less than two weeks after the $14.7 million job was called finished. An eight-figure, no-bid contract,… https://t.co/StXB3XRsUr …
Rates unchanged at 3.50%–3.75%. Unanimous 12-0 vote (no dissents). Fed says inflation remains elevated. Dot plot (their rate projections) turned more hawkish: 9 members see at least 1 rate hike this year. 5 see 2 hikes. 1 even sees 3 hikes. Only 8 see rates staying flat. Just 1 sees a cut. Market reaction right …
Father on road trip with two young daughters. He take them into empty women’s restroom at QuikTrip because no family bathroom and he not want them go alone or see men in men’s room. Another man come in, start yelling at him to get out. He call police and make big scene. Daughters get scared …
First he put $2.7 million on Netherlands to beat Japan. Game end 2-2 draw, he lose all. Next day he put $1.5 million on Belgium to beat Egypt. Game end 1-1 draw, he lose again. Total loss about $4.2 million in less than 24 hours. https://www.inc.com/georgia-fearn/single-polymarket-trader-lost-four-million-on-world-cup-in-less-than-24-hours/91361322
via Graham Summers, MBA It’s getting harder and harder to bet against Trump. Time and again the President appears to be blustering his way through another delicate geopolitical/ economic situation. Time and again numerous pundits or political figures with allegedly better qualifications and more nuanced insights on the issue tell the media that the President …
Congress (House and Senate) agree on big housing bill called 21st Century ROAD to Housing Act. Main point: Large institutional investors (hedge funds, big companies) who already own 350 or more single-family homes cannot buy more existing ones. They still can build new homes for rent (build-to-rent). This part come from Trump push earlier in …