Stuck in Another Disastrous Middle East War

Senate Panel Holds Fauci In Contempt For Refusing To Answer Questions Anthony Fauci has been held in contempt of Congress by the Homeland Security and Governmental Affairs Committee, after he repeatedly refused to answer lawmakers' questions about funding risky research to genetically manipulate bat coronavirus in Wuhan China, and his role in the ensuing lockdown quagmire that cratered the economy after he was put in charge of leading the COVID-19 response.  In an 8-5 vote brought by Committee Chairman Sen. Rand Paul (R-KY), the contempt vote seeks to refer the case directly to the DOJ for...

Brent Nears $110 Then Tumbles On IEA Demand Destruction Warning As Houthis Threaten Saudi Oil Escape Route, Diesel Shock Goes Global Brent crude futures nearly topped $110 a barrel in the overnight hours but fell 3.5% to the $103 handle by 6 a.m. ET, after reports from the International Energy Agency that soaring fuel costs could spark global demand destruction. The global benchmark remained on course for its biggest weekly advance since July. Prices have soared more than 70% this year as the Hormuz chokepoint remains disrupted, energy infrastructure attacks continue...

IPO Market For AI Freezes Up While The Nuclear SPAC Market Runs Hot  While it looks like OpenAI's IPO has been put on ice as they try to paint SpaceX as the scapegoat, there's still one sector that simply can't launch the IPOs and SPACs fast enough.  After an announcement earlier this year that saw nuclear industrial company Holtec file privately for an IPO, one of the leading reactor developers X-energy debuted on the public market at an almost $10 billion valuation. Since then, microreactor developer Hadron Energy has completed their SPAC...