Independent thinking for complex markets and current events
Hedge fund billionaire Ken Griffin criticized New York City Mayor Zohran Mamdani’s video this evening, calling it “creepy and weird.” He said the mayor’s spotlight on his $238 million penthouse has made him feel unsafe and has led him to expand Citadel’s footprint in Miami. The move is expected to impact jobs and tax revenue …
Section 1400Z-2 allows deferral of realized gains if reinvested within 180 days into a qualified opportunity fund, with exclusion on new gains after 10 years. via WSB: look, i know most of you are down 60% on some 3dte call, but humor me if you somehow made money this year, you have a tax problem. …
CENTCOM Issues Civilian Warning to Iran; U.S. Closes Three Embassies; Allied Evacuations Expand Across Gulf:: 🚨 Read Alert:https://t.co/Fvk3QnxDVI — Defcon Alerts: Global Threat Monitor (@Defcon_Level) March 8, 2026 MIDDLE EAST — U.S. Central Command (CENTCOM) issued a safety warning to civilians in Iran on March 8, naming the cities of Dezful, Esfahan, and Shiraz as …
Fannie Mae is set to drop its 620 credit score minimum this month. On the surface level, this is huge, renters with good payment history, young people with thin files, anyone locked out by arbitrary score floors suddenly has a shot at conventional financing. Also, first time buyers are collapsing so Fannie Mae desperately needed …
by Mike Maharrey Last week, the National Bank of Poland announced plans to boost its gold holdings to 30 percent of its total reserve assets. The Polish central bank has already significantly increased its gold reserves. The National Bank of Poland was the biggest central bank gold buyer in 2024 and stayed on top with …
WASHINGTON (Reuters) -AT&T said on Tuesday it will purchase key wireless spectrum licenses from EchoStar for about $23 billion, as the the U.S. telecom provider seeks to boost its network in a competitive market. In June, President Donald Trump prodded satellite communications and Dish TV parent EchoStar and Federal Communications Commission Chair Brendan Carr to …
Sandeep Jauhar, cardiologist and New York Times opinion writer, argues that in order to increase donor organs, “we should expand the definition of death.” Death is not simply a biological fact, but it's also a complex social choice. We should expand the definition of death. It will actually save lives. Read the op-ed I wrote …
*FED STAFF SAW RECESSION “ALMOST AS LIKELY’ AS MAIN FORECAST *FED MINUTES: TARIFFS MUCH LARGER, BROADER THAN EXPECTED pic.twitter.com/GoXICkMydr — Investing.com (@Investingcom) May 28, 2025 Federal Reserve officials are raising concerns over inflation, tariffs, and the weakening labor market. The latest FOMC minutes reveal growing worries that inflation could remain persistent, forcing difficult tradeoffs between …
BREAKING: $PLTR PALANTIR PARTNERS WITH $GOOGL TO BRING FEDSTART TO THE GOOGLE PUBLIC CLOUD. This is really, really strong for Palantir: – Further establishes their presence in the US government – Continues to show their ability to collaborate with hyperscalers like $GOOGL $AMZN and $MSFT – FedStart is an incredible product to bring smaller companies …
US President Donald Trump has invoked emergency powers to expand domestic production of critical minerals as he tries to reduce US reliance on imports from countries like China. The executive order, which uses cold war era legislation, instructs government agencies, including the defence department, to prioritise mining projects as well as providing technical and financial …
by Mike Maharrey Tanzania is poised to expand its gold reserves. According to a Reuters report, the East African nation’s mining regulator has ordered all mining firms and gold exporters to allocate 20 percent of their gold for purchase by the Tanzanian central bank. The Bank of Tanzania (BoT) began purchasing gold from local traders and miners earlier …
Israel’s attack in the southern Gaza city of Rafah has expanded from airstrikes to ground operations, new satellite images obtained by CNN from Planet Labs show. The images, which bear a striking resemblance to the early stages of Israel’s ground invasion of Gaza last year, show the Israel Defense Forces (IDF) are active outside of …
The Yemeni Ansar Allah movement is working on reinforcing the country’s reach toward the Indian Ocean, seeking to cut off the Israeli-affiliated ships from sailing on the Cape of Good Hope route or toward the Red Sea, Sayyed Abdul-Malik al-Houthi revealed on Thursday. The Yemeni front will remain open and the Yemeni Armed Forces’ (YAF) …
THE FBI OVERSTEPPED its constitutional authority when agents searched hundreds of safe deposit boxes without warrants in 2021, a federal appeals court ruled. The court compared the FBI’s tactics to the kind of indiscriminate searches that led to the enactment of the Bill of Rights in the first place. In March 2021, the FBI raided U.S. …
The "intense phase" of the ground offensive in the north of Gaza has been completed, and will soon be completed around the city of Khan Yunis in the south of the Gaza Strip , Israeli Defense Minister Yoav Galant said.Galant notes that the Israel Defense Forces have begun to… pic.twitter.com/dJ0gQpD85v — Sprinter Press (@SprinterPress) January …
U.S. Capitol Police are expanding outside of Washington D.C. After January 6th, they opened two satellite offices in Tampa, Florida and San Francisco, California. They just recently opened offices in Texas, Milwaukee and Boston too. USCP claim they’re opening these offices,… — Breanna Morello (@BreannaMorello) December 19, 2023
via Mike Shedlock: If the Fed is taking economic clues from the Services ISM or from energy, it’s not done hiking. Manufacturing is a different story. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the August 2023 Services ISM® Report On Business® emphasis mine. Economic activity in the services sector …
President Joe Biden’s deputies are asking the House GOP majority to fund new travel and housing programs for more economic migrants who are being encouraged to take opportunities needed by ordinary Americans. The August 10 request for $3.3 billion funding “is not all designed to promote more illegal immigration, but most of it seems to …
Two Republican members of Congress announced Monday that they were broadening a House inquiry into collusion between large banks and the Federal Bureau of Investigation. Ohio Rep. Jim Jordan and Kentucky Rep. Thomas Massie have authored letters to Citigroup, JPMorgan, PNC Financial Services, Truist, U.S. Bankcorp and Wells Fargo with the intention of discerning the …
