Article
BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up
BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up
The national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for two straight weeks after the largest monthly jump in AAA data going back two decades. The fuel shock has Wall Street analysts focused on whether surging pump prices will begin crowding out discretionary spending.
Bank of America CFO Alastair Borthwick told analysts on a conference call earlier today that the fuel shock at the pump has not undermined overall consumer strength so far, though...
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Feb 28, 2026 / Philip Giraldi
Wars and Rumors of Wars
So now the die is cast and the United States has joined Israel in an unprovoked attack on a non-threatening Iran to destroy its military capabilities and to bring about regime change. This is a major mis-step that could easily turn out very badly as it is a pointless war of choice that could easily […]
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Apr 6, 2026 / Tyler Durden
Supreme Court Clears Way For Dismissal Of Contempt Case Against Steve Bannon
Supreme Court Clears Way For Dismissal Of Contempt Case Against Steve Bannon
Authored by Matthew Vadum via The Epoch Times (emphasis ours),
The U.S. Supreme Court on April 6 cleared the way for the Trump administration to dismiss the criminal contempt case against Steve Bannon over his failure to honor congressional subpoenas.
Steve Bannon attends a court hearing at Manhattan Criminal Court in New York City on Nov. 12, 2024. Adam Gray/AFP via Getty Images
The high court granted Bannon’s petition in an unsigned order. The court did not explain its order. No...
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Apr 16, 2026 / Tyler Durden
Trump Announces 10-Day Lebanon-Israel Truce, As Iran Reasserts Tolls Via Iranian Banks; US Vows Hormuz Blockade "As Long As It Takes"
Trump Announces 10-Day Lebanon-Israel Truce, As Iran Reasserts Tolls Via Iranian Banks; US Vows Hormuz Blockade "As Long As It Takes"
Summary
Trump unveils 10-day Lebanon ceasefire, but which Hezbollah has not signed on for, amid heavy IDF attacks on south.
Iran seeks to boost rial through toll payment scheme; vessels pay Hormuz passage through Iranian banks.
US Navy: vessels seeking entry into Hormuz Strait now fair game for boarding, search, and outright seizure - including for suspicion of 'contraband'.
Hegseth: US forces are ready to restart combat if Iran doesn’t agree to a...
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