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Kraft Heinz CEO: "Consumers Are Literally Running Out Of Money Toward The End Of The Month"

Kraft Heinz CEO: "Consumers Are Literally Running Out Of Money Toward The End Of The Month" While the digital US economy, if proxied through the earnings growth and stock prices of AI companies and their "picks and shovels" support ecosystem, has never been stronger, the traditional US consumer, responsible for 70% of US GDP, has rarely been more depressed than right now (and according to the latest University of Michigan sentiment survey, Americans have literally never been more pessimistic).  That was the take home message from the latest earnings week, when...
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Jun 23, 2026 / Tyler Durden
Supreme Court Sides With Trump Admin On Removing Green Card Holders Accused Of Crimes
Supreme Court Sides With Trump Admin On Removing Green Card Holders Accused Of Crimes Authored by Debra Heine via American Greatness, In a 6-3 decision Tuesday morning, the Supreme Court ruled in favor of the Trump administration, holding that green card holders can be stripped of their status if they traveled abroad while facing criminal charges involving moral turpitude, finding that pending allegations are sufficient to subject them to removal proceedings. The Court said immigration officials do not need clear and convincing evidence of a crime at the moment a green card holder reenters...
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Apr 29, 2026 / Tyler Durden
NATO Mulls Nixing Annual Summits, Wary Of 'Trump Drama' Overshadowing
NATO Mulls Nixing Annual Summits, Wary Of 'Trump Drama' Overshadowing Fresh reporting in Reuters says that NATO leadership is mulling ending its practice of holding annual summits as the Trump presidency has "cast a long shadow" over such meetings and as member states are looking for "less drama". For example, at the 2018 summit Trump threatened to walk ⁠out after bitterly complaining over allies' low defense spending. Jens Stoltenberg, NATO’s secretary general at the time, wrote in a recently published memoir, "Had he made good on his threat to leave ​in protest,...
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Jul 6, 2026 / Ron Paul
Let’s Leave the Strait of Hormuz Alone
President Trump was reportedly “shocked” to see many thousands of Iranians in the street mourning at the funeral of the country’s late leader, Ayatollah Ali Khamenei, over the weekend. Khamenei was assassinated by the United States at the beginning of the February US surprise attack on Iran. The US attack on Iran was sold to […]
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