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Trump Invokes Defense Production Act As US Moves To Rebuild Weapons Stockpiles
Trump Invokes Defense Production Act As US Moves To Rebuild Weapons Stockpiles
The Trump administration is seeking a major increase in defense spending while simultaneously using executive authority to accelerate weapons production, reflecting growing concern over U.S. munitions inventories after the war with Iran, according to NBC.
Defense Secretary Pete Hegseth met with Senate Republicans this week to rally support for a proposed $350 billion defense package, much of which would be directed toward replenishing missile and weapons stockpiles.
According to NBC, Sen. John Cornyn said the Pentagon is “running short of...
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Oct 13, 2026 / Tyler Durden
Can Elon Musk Rescue Republicans In November?
Can Elon Musk Rescue Republicans In November?
Elon Musk has given more than $276 million to Republican groups and his own America PAC since July, making him the largest known donor of the 2026 midterm elections, according to figures provided to The New York Times ahead of Thursday's federal filing deadline.
The spending marks a reversal from May 2025, when Musk said, "In terms of political spending, I'm going to do a lot less in the future."
The money has helped Republicans build a financial advantage in a cycle with difficult political...
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Sep 3, 2026 / Tyler Durden
All Bubbles End In Deflation
All Bubbles End In Deflation
Authored by Bill Bonner via DailyReckoning.com,
We begin this week’s perambulations with a stroll into the future.
So far…the Bubble in the US is broader than any in history. It has been inflating everything it touched for the last 30 years.
All bubbles pop, of course. How they pop is the confusing whirlwind we enter today.
But don’t worry. Even in the worst crash, real wealth doesn’t disappear, it just changes hands. When the stock market goes down, those with stocks have less paper wealth…and less of a claim...
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Jul 3, 2026 / Tyler Durden
Futures Rebound With Cash Markets Closed; Gold, Bitcoin Jump
Futures Rebound With Cash Markets Closed; Gold, Bitcoin Jump
While US cash markets are closed for the July 4th holiday, stocks around the world rebounded from yesterday's momentum rout as the latest round of jitters about the AI trade subsided, with Europe’s benchmark rising to an all-time high. S&P futures rose 0.3% and Nasdaq 100 futures rebounded 1.2% in thin holiday trading after South Korean memory giants SK Hynix and Samsung Electronics recovered, helping to drive a 2% rally in Asian shares after earlier tumbling with SK Hynix plunging as much as 30% from its all...
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