Futures Drop, Chips Resume Slide As OpenAI IPO Delay Dents Sentiment

"Diesel Is At Epicenter Of Supply Squeeze,": Goldman Goldman analysts are out with an eye-opening note showing that global refinery runs have plunged to their lowest seasonal level since the Covid era as conflict-related outages hammer Russia and the Gulf while Chinese processing remains subdued. Analysts, including Yulia Zhestkova Grigsby and Daan Struyven, introduced a new global refinery-runs nowcast, estimating that global runs declined by 6.5 million barrels per day from a year earlier in late July. Non-OECD throughput dropped by 7 million barrels per day, led by the Middle East,...

The Democratic Chicken... Or The Socialist Egg? Authored by Victor Davis Hanson via American Greatness, The primaries are over, and the November general election looms... Suddenly, the Islamo-socialist podcaster Hasan Piker - who is now infamous for blaming America for 9/11 and warning Jews that "someone's going to come around and take action, not against the state of Israel, mind you, but against American Jews" - is persona non grata on the Democratic stump. Abdul El-Sayed, the Democratic nominee in the Michigan Senate race, once enlisted Piker to jump-start his lethargic candidacy. Now...

Schiff: "Real Rates Are Going To Collapse"; Dollar Confidence Crisis Gold or Bitcoin: which can anchor the next reserve system?  Last night, in a ZH debate hosted by Real Vision's Ash Bennington, Peter Schiff argued for gold’s role as the future global reserve currency, while Mark Moss made the case for Bitcoin, arguing that it is gaining traction on sovereign balance sheets as of 2025. They covered America's dwindling reserve status, fundamental monetary properties, and the nature of governments. Here were some highlights for those short on time: Gold: Tried and True Schiff argued that...