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Iran Rejects Direct US Talks Amid Escalation As Israel Attacks Key Petrochemical Plant At South Pars Gas Field
Iran Rejects Direct US Talks Amid Escalation As Israel Attacks Key Petrochemical Plant At South Pars Gas Field
Summary:
A Sunday night Axios report on a US-proposed 45-day ceasefire has by Monday morning been rejected by Iran: diplomatic talks are "absolutely incompatible with ultimatums, crimes, and threats to commit war crimes," the Foreign Ministry said.
Israel strikes large petrochemical plant at South Pars, which is responsible for half of the country’s petrochemical production.
There's been another extension of what had been a 10-day deadline for Iran to open the Strait of Hormuz - a...
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Jun 17, 2026 / Tyler Durden
Fed Holds Rates Unchanged (As Expected), 'Dots' Signal Hawkish Bias As Warsh Takes Over
Fed Holds Rates Unchanged (As Expected), 'Dots' Signal Hawkish Bias As Warsh Takes Over
Tl;dr: No rate change (as expected) but a dramatically hawkish shift in The Fed's bias (9 members seeing at least one hike this year). Statement smilled down dramatically, also biases towards hawkish focus on price stability (inflation) over employment: "The Committee will deliver price stability".
“The market is focused on the dot plot for now, with half the committee thinking there will be hikes. The bear flattening seems reasonable based on that. Those who looked for a...
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Jun 16, 2026 / Tyler Durden
San Francisco Judge Dismisses xAI Trade Secret Lawsuit Against OpenAI
San Francisco Judge Dismisses xAI Trade Secret Lawsuit Against OpenAI
Authored by Kimberley Hayek via The Epoch Times,
A federal judge dismissed a trade secret lawsuit filed by Elon Musk’s xAI against OpenAI, ruling that the plaintiff failed to demonstrate the competing artificial intelligence company improperly obtained confidential information.
U.S. District Judge Rita Lin issued the order Monday in San Francisco, dismissing the case with prejudice, resulting in xAI being unable to refile an amended version of the complaint based on the same arguments.
Lin found that xAI did not make clear that...
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May 15, 2026 / Tyler Durden
German SPD Leader Faces Backlash After Claiming Migrants Burdening Welfare System Is A 'Right Wing Extremist' Lie
German SPD Leader Faces Backlash After Claiming Migrants Burdening Welfare System Is A 'Right Wing Extremist' Lie
Via Remix News,
Labor Minister and Social Democratic Party (SPD) co-leader Bärbel Bas (SPD) says nobody is immigrating to Germany to take advantage of its social welfare system. However, she has received substantial pushback directed at her claim.
Bas’ comment came during a session of the Bundestag, when AfD MP René Springer asked Bas why she wasn’t cutting spending on immigration due to the current budget crisis, given the clear burden it is putting on social...
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