'Don't Even Think About Selling': Mr. Gold Warns US 'Officially A Banana Republic'

Diesel Hits New Record Above $6.50 As Export Ban Fears Mount, Gasoline Squeeze Looms UBS analysts warned that the global diesel squeeze could get worse as two major suppliers potentially pull barrels from an already strained petroleum products market. Russia may extend diesel export restrictions through October, while chatter in Washington about a US fuel export ban continues to grow. As of Monday morning, AAA data show the national average for diesel has reached $6.51 per gallon, with prices gaining a staggering 88 cents so far this month. Prices are rising...

New Strikes On Iran Significantly Stronger Than Earlier Attacks, As IRGC Targets US Navy Warships Summary:  US strikes on Iran announced, as 'heavy costs' for earlier targeting of multiple commercial vessels Oil rises as Treasury revokes June 21 Iran oil waiver Hormuz Threat Level Raised To "Severe"  Three maritime incidents reported on Hormuz in last 24 hours  Another unidentified vessel hit by a Drone IRGC forces hit a Saudi Tanker  IRGC forces hit a Qatari LNG tanker *  *  * 'Four to Five Times Larger' Than Earlier Strikes US officials are vowing bigger, more sustained and prolonged strikes against Iran tonight,...

Meta Axes 8,000 Workers As Zuckerberg Admits AI Is Watching, Replacing Labor Welcome to another day of corporate America hemorrhaging engineers and other white-collar workers with insurmountable student debt as AI adoption accelerates. This era will likely be remembered in history as the great "white-collar purge," and the response will be continued hatred of data centers. We've been covering for weeks that today is D-Day for Meta Platforms employees, who have finally learned their employment fate at the company that owns Facebook and Instagram. Bloomberg reports that the new round of...