Head of US Southern Command Visits Venezuela, Meets With Acting President Rodriguez

US Treasury Secretary Presses Senate To Pass Crypto Market Structure Legislation Authored by Micah Zimmerman via BitcoinMagazine.com, Treasury Secretary Scott Bessent told a Senate panel Wednesday that passing comprehensive crypto legislation is essential to securing U.S. financial leadership and protecting the dollar’s status as the world’s reserve currency, using an appearance before the Senate Appropriations Subcommittee on Financial Services and General Government to amplify a push for legislation that has stalled on Capitol Hill for months. Bessent testified at a hearing reviewing President Donald Trump’s Fiscal Year 2027 budget request for the Department of the Treasury. During the...

US Removes Sanctions On Iranian Oil Stranded At Sea To Boost Overall Supply On Thursday, Scott Bessent told Fox News that the US is considering unsanctioning Iranian oil, thereby making the 140 million barrels stuck on Iranian tankers, available to any buyer in the world and not just China, to ease the supply-chain bottlenecks that emerged after the Strait of Hormuz was blocked. In doing so, another formerly sanctioned US nemesis would be allowed free access to global markets, after Russia received a similar "temporary" permit a week earlier.  "In the coming...

Parabolic Semiconductor Rally Is Pricing In 2028 Already Authored by Lance Roberts via RealInvestmentAdvice.com, The parabolic semiconductor rally crossed a line this week. SOXX, the iShares Semiconductor ETF, closed Friday at $509.77 after touching a fresh intraday high of $511.68. That’s a gain of roughly 244% from the April 2025 low of $148.31. Most of that move has been compressed into the last two months alone. Since mid-March, SOXX has tacked on another 58%. The chart is now textbook parabolic. And parabolic charts almost never end politely. If you wanted a real-time...