AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms

About 2,040 Pounds Of Cocaine, 5,800 Pounds Of Marijuana Seized At Sea Authored by Naveen Athrappully via The Epoch Times, U.S. authorities have seized about 2,040 pounds of cocaine and almost 5,800 pounds of marijuana in three separate maritime interdictions carried out with international partners. Action by JIATF-S and Costa Rican authorities led to the capture of a boat allegedly involved in drug smuggling. Courtesy of the JIATF-S The most recent interdiction involved the Joint Interagency Task Force (JIATF) South and Panama's National Aeronaval Service intercepting a go-fast vessel following a rapid aerial...

S&P Futures Jump To Record, Oil Tumbles On Report Iran Foreign Minister Going To Pakistan US equity futures jumped to a new all time high, reversing modest overnight losses, and oil tumbled to session lows on reports that Iran is sending a delegation to Pakistan today for talks, boosting hopes of ceasefire extension or more. Iranian Foreign Minister Araqchi is expected to arrive in Islamabad at 22:00 local time (1:00pm ET), the NY Post reports. As of 8:00am ET, S&P futures rallied as much a 0.6% to a new all...

US Core Factory Orders Unexpectedly Plunge Most In A Year Despite the latest Manufacturing PMI surging to four year highs, US Factory Orders unexpectedly dropped in June (-0.3% MoM vs +0.2% MoM expected). This is the second monthly decline in the headline print in a row, but orders remain up 7.4% YoY... Source: Bloomberg Worse still, Core Factory Orders (excluding Transports), dropped 0.4% MoM (dramatically missing expectations of a 0.4% MoM rise). This is the first monthly drop since October and biggest MoM decline since April 2025... Source: Bloomberg Orders Ex-Defense also tumbled 0.4%...