Nigerian Researchers Accidentally Confirm Africa's Low IQ Problem

US Industrial Production Disappoints In May Despite strong ISM Manufacturing data, US Industrial Production disappointed in May, rising just 0.1% MoM (vs +0.3% exp), but April's print was revised up to +0.9% MoM. Put together, that lifted the YoY rise in industrial production to +1.67% - its highest since Nov 2025... Manufacturing excluding motor vehicles and parts was also flat in May, according to the Fed report. Mining output, which includes energy extraction, increased 1.3%. Utilities output fell. US Manufacturing production was unchanged in May (below the 0.3% rise expected), but thanks to an...

Mideast Chaos Sends Supertanker Rates Soaring To $800,000 A Day Supertanker rates on the Baltic Exchange's benchmark Middle East-to-China shipping route have surged to a staggering $800,000 a day. With US forces having destroyed five Iranian-linked tankers and Tehran threatening further escalation in recent days, prospects for near-term stabilization remain limited. The freight surge signals that crude oil and refined products continue to flow but are becoming increasingly costly to transport out of the Gulf region to global markets. According to Bloomberg, US Gulf-to-Asia shipments on very large crude carriers average...

On Wednesday, Israeli Defense Minister Israel Katz was laying out plans for the open-ended Israeli occupation of parts of Lebanon, Syria and the Gaza Strip. Those statements weren’t in any way out of the ordinary, and very much in keeping with Israel’s stated policy, which is to continue the wars and to continue to occupy […]