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Virginia Redistricting Rout Deals Major Blow To House Republicans
Virginia Redistricting Rout Deals Major Blow To House Republicans
Democrats’ decisive win in Virginia Tuesday night has dealt a significant blow to Republican hopes of retaining control of the House.
By persuading voters to dismantle the state's independent redistricting commission - created just six years ago - Democrats wiped out four Republican-held congressional districts. This means Virginia's House delegation is now on track to shift to a 10-to-1 Democratic advantage, a dramatic reversal for a state that remained firmly in GOP hands not long ago.
That said, Democrats dropped $65 million on the races...
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Jun 26, 2026 / Tyler Durden
UAE Retracts Warning About "Potential Missle Threat"
UAE Retracts Warning About "Potential Missle Threat"
Update: it appears the earlier warning by the UAE was a false alarm:
UAE SENDS ALERT SAYING 'PLEASE DISREGARD THE PREVIOUS WARNING'
UAE ASKS PEOPLE TO IGNORE PREVIOUS WARNING
* * *
Earlier
Is the ceasefire over (again)?
Moments ago stocks hit session lows and oil jumped from post-war lows after the UAE issued a phone alert warning of potential missile strikes.
Iran's Tasnim promptly followed up, saying that according to news sources, there were explosions heard in Dubai.
And while the initial report sent futures to session lows...
... , and oil...
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Aug 5, 2026 / Dave DeCamp
Visiting Gaza, IDF Chief Says the Israeli Military Will Continue ‘Operating Proactively’
Eyal Zamir, the chief of staff of the Israeli military, visited IDF-occupied Gaza on Wednesday and vowed that Israeli troops would continue “operating proactively” as Israeli shelling and gunfire were reported across the Strip. “We have significantly weakened [Hamas] and changed the security reality,” Zamir said, according to The Times of Israel. “The IDF will […]
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Jun 25, 2026 / Tyler Durden
Services Costs Drag Fed's Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows
Services Costs Drag Fed's Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows
After accelerating in March and April, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to rise once again in May.
And it did with the crucial inflation signal up 0.3% MoM (as expected) and up 3.4% YoY (as expected) and at the highest level since Nov 2023...
Services costs picked up again with Durable goods flat and...
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