Bessent Defends US Dollar Swap Lines As UAE Considers Formal Funding Request

Futures Fall, Chipmakers Tumble After Samsung Rout; Oil Climbs Stocks fell as freash volatility hit chipmakers after blowout earnings from Samsung Electronics were still not good enough (the company missed some buyside estimates) and left investors wanting even more, and sent its stock tumbling as much as 11%, forcing another 20 minute halt of the Kospi. As of 8:00am ET, S&P futures were down 0.2% and Nasdaq futures fall 1%, with chip stocks sliding in premarket trading (both Micron and Sandisk dropped more than 5%), following a tech led selloff in Asia, while...

Money Issues, Paranoia, And A Hurled Phone: Blistering Reports Detail Ken Martin's Collapsing DNC The Democratic National Committee is running on fumes, and chairman Ken Martin is headed for a full-blown mental breakdown, according to a pair of blistering reports. A New York Times report published Sunday revealed that the committee is $2 million in the hole and begging vendors to sit on their invoices until after the midterms. The DNC quietly put the Southeast Washington building up as collateral last year to land a $15 million line of credit and bankroll...

Non-Citizen Voting Arrests Continue To Mount, State Officials Put On Notice Authored by Bryan Hyde via American Greatness, The Trump Justice Department has secured roughly two dozen non-citizens voting arrests, prosecutions or convictions in the last few months, with another nearly 90 more cases under investigation. Just the News reports that the wave of prosecutions represents a growing number of individuals charged in the last year with illegally voting in U.S. federal elections as foreigners. Department of Justice (DOJ) officials say all 50 states were sent notices this month that election officials can and...