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Futures Flat, Oil Jumps After Iran Peace Talks Break Down
Futures Flat, Oil Jumps After Iran Peace Talks Break Down
US equity futures are off a touch as the US/IranIran failed to consummate a deal, which is boosting Energy commodities and bond yields. Still, stocks have withstood the resulting increase in oil prices and higher bond yields as the market remains focused on the memory/semi stock bubble. As of 8:00am ET, S&P and Nasdaq 100 futures are down fractionally as Trump and Iran rejected each other’s latest peace proposals to end the 10-week conflict as the two sides struggle to maintain a...
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Aug 9, 2026 / Tyler Durden
Your Tax Dollars At Work: 20 Port Authority Workers, 17 Cops, Make Over $400,000
Your Tax Dollars At Work: 20 Port Authority Workers, 17 Cops, Make Over $400,000
Apparently, one of the best ways to make $400,000 a year in the New York area is to work for the Port Authority, according to the NY Post.
Twenty Port Authority employees, including 17 cops, cleared $400,000 in total compensation last year as the agency's payroll sailed past $1.2 billion. And much of the magic came from everyone's favorite government money fountain: overtime.
According to payroll data obtained by the Empire Center for Public Policy, 323 employees collected...
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Jul 23, 2026 / Tyler Durden
Sen. Cruz Says GM Pushed The China Car Ban Provision That Would Also Knock Out Mercedes-Benz
Sen. Cruz Says GM Pushed The China Car Ban Provision That Would Also Knock Out Mercedes-Benz
The Senate Commerce Committee advanced the bill unanimously. Its chairman voted yes and then accused a Detroit automaker of writing part of it to remove a German competitor.
People look at a BYD Seagull car by Chinese electric vehicle (EV) manufacturer BYD Auto at the Bangkok International Motor Show in Nonthaburi on March 27, 2024. Lillian Suwanrumpha /AFP via Getty Images
The Senate Commerce Committee unanimously advanced the Connected Vehicle Security Act of 2026 on July...
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Mar 23, 2026 / Tyler Durden
FCC Bans Foreign-Made Wireless Routers
FCC Bans Foreign-Made Wireless Routers
The FCC has banned the import of all new foreign-made consumer wireless routers, citing "severe national security risks".
The decision, announced today, follows a White House-convened inter-agency review that determined these devices - primarily those manufactured overseas - pose unacceptable threats to US households, critical infrastructure, and the economy.
Major brands like TP-Link (which holds a dominant share of the U.S. market), Netgear, Google Nest, Amazon Eero, Cisco, Linksys, and Asus produce most models abroad, often in China, which controls an estimated 60% of the U.S. home...
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