Snubbed By SpaceX, Jefferies Now Helping Traders Short World's Biggest IPO

Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State Authored by Tyler Turman via TheDailyEconomy.org, America has spent more than $20 trillion on fighting poverty since the introduction of President Johnson’s Great Society program in 1964. Sixty years later, how are we doing? That depends, as it turns out, on how you measure it. Last month, Senator Kennedy (R-LA) introduced a bill that would require the Census Bureau to report a new poverty metric as an alternative to the Official Poverty Measure (OPM) by including both cash and non-cash welfare benefits in its calculations. As Kennedy points...

Ukraine Attacks Two More Refineries After Trump's Proclaimed 'Energy Ceasefire': Kremlin The Kremlin on Wednesday indicated that work on the Trump-proposed energy truce with Ukraine is continuing, but in contradiction with recent Trump proclamations did not treat it as any kind of done deal currently in effect. President Trump in a late in the day Monday exchange with reporters said that Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin must come together to end the war. He told the press at the White House that there had been violations of...

WTI Holds Gains Despite Biggest SPR Drawdown In 45 Year History, Production Jumped Oil prices are higher this morning (extending its 8%-plus surge of the last three days) as Middle East tensions simmer and global stockpiles shrink at a record pace. WTI topped $103 and Brent crude traded near $108 a barrel, erasing its retreat earlier on Wednesday, after the IEA said global observed oil inventories declined at a rate of about 4 million barrels a day in March and April. Saudi Arabia told OPEC that its output sank to the lowest level since...