Bessent Gloats Over Iran's Collapsing Currency, Signals Hope For Uprising Amid Reports Israel Preparing Fresh Attack

President Volodymyr Zelensky said that seven Ukrainians were killed by a Russian attack that used North Korean missiles.  “Emergency response efforts have been ongoing since last night to deal with the aftermath of the Russian strike on Zaporizhzhia. The city was struck with North Korean ballistic missiles,” Zelensky posted on X Tuesday. “It was a […]

"This Is Crazy" - FTC Chair Responds To Soaring Chip Costs, Floats Possible Antitrust Action We’ve covered soaring “chipflation” for months and the trend does not seem to be abating. Nvidia is reportedly informing its largest customers to expect price hikes of at least 15% for next year, possibly to set expectations of a still larger move upward… and meanwhile the semi component in the PPI looks like a 2021 memecoin: All this has earned the attention of FTC Chair Andrew Ferguson, who apparently enjoys building his own personal computers. In...

Petrochemical Supply Shock Begins Idling Asian Factories For weeks, we mapped out for readers how the Gulf energy shock dominoes would fall, spreading outward from the Middle East and striking Asia first through tightened energy-product flows that risk destabilizing the global economy. That transmission of tightening energy flows is now becoming alarmingly visible on factory floors across Asia. Goldman analysts, led by Georgina Fraser, warned clients on Monday that the petrochemical shock is worsening across Asia, with textile and packaging plants emerging as the first major downstream casualties. "The supply shock...