Marvell Soars After Nvidia CEO Says Chipmaker Is Headed For Trillion-Dollar Club

The Money Printers Fueling Socialism's Rise Authored by David Stockman via the Brownstone Institute, Here's a graph the Keynesians, statists, and Wall Street gamblers - yes, we repeat ourselves - would prefer not to explain. At the same time, it also explains why socialism at this late date in history - and after all its abysmal failures the world over - is having some kind of dubious second coming in America. During the last three decades the national savings rate (red line) has essentially collapsed, having fallen from 6.3% of GDP in...

Trump Fires Pam Bondi As Attorney General, Blanche To Be Acting AG Update (1315ET): President Donald Trump has ousted Attorney General Pam Bondi, multiple outlets report. Deputy Attorney General Todd Blanche is serving as acting AG in the interim. The move comes amid White House frustration with Bondi’s leadership at the Justice Department -  particularly her handling of the Jeffrey Epstein files and what Trump viewed as insufficient aggression in targeting his political opponents. Trump had privately discussed firing her and floated EPA Administrator Lee Zeldin (or Blanche) as a possible replacement. Bondi...

Iran Hormuz Attack Spree Starts Choking Oil Flows (Again), UBS Warns A surge in Iranian drone attacks on commercial ships appears to be weighing on Middle Eastern energy exports through the Strait of Hormuz, with 24 attacks reported so far this month. The latest reports indicate that two Emirati container ships were struck and sank in the narrow waterway within the past 24 hours. UBS energy expert Henri Patricot told clients on Wednseday morning that crude and petroleum-product flows exiting the Gulf of Oman dropped to 9.1 million barrels a day over the...