Majority Believes They Will Achieve The American Dream

Japanic: Yen Suddenly Spikes Stoking Intervention Speculation Having collapsed to its weakest relative to the dollar in 40 years, it appears the Ministry of Finance and Bank of Japan has had enough and intervened. Having tagged 164/USD, the Japanese currency suddenly exploded stronger (below 160/USD, which was the prior level of intervention)... The scale of the move is commensurate with the last large intervention in April. Obviously, there is no confirmation, yet, but the timing, coming after the Fed and after Japan markets have closed, would certainly fit what we know about the...

WTI Holds Losses As Cushing Hits 'Tank Bottoms', US Production At Record Highs Oil prices are testing down to pre-war levels this morning as more tankers cross the Strait of Hormuz and signs of progress in US-Iran peace talks eased fears of an immediate supply crunch. Vessels are transiting Hormuz with their satellite signals switched on, indicating growing confidence among shipowners about safe passage of the chokepoint, through which about a fifth of global oil supplies transited before the war. The International Maritime Organization also said it had received safety guarantees allowing hundreds of...

Supreme Court Allows Trump Admin To Remove Deportation Protections For Syrians & Haitians Authored by Sam Dorman via The Epoch Times, The Supreme Court has allowed the Department of Homeland Security’s (DHS’s) attempt to remove deportation protections for nationals of Haiti and Syria. In a 6–3 decision on June 25, a majority of the court said federal law barred judicial review of non-constitutional arguments against the department’s determinations. Justice Samuel Alito wrote the majority opinion, which said the sole constitutional argument in the case would likely fail. “Citing statements made by President Trump and...