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Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress
Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress
Oil market experts at Rapidan Energy Group warn that a prolonged closure of the Strait of Hormuz could trigger an oil shock severe enough to hit consumers hard and push the economy into a downturn on a scale approaching that of the 2008 Great Recession.
That warning was reinforced by a UBS analyst, who cautioned that sharper slowdowns for working-class households could emerge this summer as gasoline pump prices average north of $4.50 per gallon this week and collide...
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Apr 3, 2026 / Tyler Durden
Colorado Forces Lawyers To Swear They Won't Help Feds Nab Illegals
Colorado Forces Lawyers To Swear They Won't Help Feds Nab Illegals
Lawyers in the Mile High State are now being strong-armed by Democrats into signing a radical anti-immigration-enforcement pledge just to do their jobs.
Starting March 30, 2026, every private attorney logging into Colorado’s official Courts E-Filing system (CCE) must certify - under penalty of perjury - that they will never use or share non-public personal information from court records to assist federal immigration authorities. Refuse? You’re shut out of the system entirely. No filing lawsuits, no checking case files, no representing...
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Apr 27, 2026 / Tyler Durden
OpenAI Misses Revenue, User Targets As CFO Fears $1.5 Trillion In Commitments Can't Be Paid
OpenAI Misses Revenue, User Targets As CFO Fears $1.5 Trillion In Commitments Can't Be Paid
Earlier today, when previewing this week's earnings by the Mag 7 which account for over $10 trillion in market cap set to report Q1 results after the close on Wednesday, Goldman's Delta-One head Rich Privorotsky said that "Equities are being driven by one thing…AI spend", and warned that "it's hard not to respect the strength of the AI bid, but the velocity has been extreme. The upside surprise vs expectations has almost entirely come from AI...
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Jun 10, 2026 / Tyler Durden
These Are The Six States Celebrating America 250 By Raising Your Gas Tax
These Are The Six States Celebrating America 250 By Raising Your Gas Tax
Authored by Larry Behrens via WattsUpWithThat.com,
The final countdown for America’s 250th birthday is on. Families will be planning road trips, parades, vacations, reunions, and cookouts to celebrate the greatest nation in history. But in six states, politicians have a different idea for the party: raise taxes.
Beginning July 1, drivers in California, Washington, Illinois, Maryland, Virginia, and Mississippi are scheduled to see higher state gas taxes. In other words, as the country prepares to celebrate casting aside a tax-heavy king in favor...
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