UAE Oil Output Hits All-Time High, Doubling Pre-Crisis Levels

DoJ Establishes "Anti-Weaponization" Fund After Trump Drops $10 Billion Lawsuit Against IRS Update (1130ET): The DOJ announces that as a part of the settlement agreement in President Donald Trump v. the IRS, the Attorney General established “The Anti-Weaponization Fund” to provide a systematic process to hear and redress claims of others who suffered weaponization and lawfare. “The machinery of government should never be weaponized against any American, and it is this Department’s intention to make right the wrongs that were previously done while ensuring this never happens again,” said Acting Attorney General...

ECB Hikes Rates For First Time Since 2023 (As Expected); Cuts Growth, Hikes Inflation Outlook As fully expected, The ECB hiked its key rate by 25bps (for the first time since 2023) as the policymakers battle with the dilemma of economic weakness combined with rising inflation. Obviously, raising rates to dampen inflation could further slow the economy, while easing rates to support growth increases the risk that higher inflation becomes persistent. Clearly, Lagarde et al went with the former with its well-jawboned baseline having long been a hike in June with risks skewed toward...

Jesse Ventura Claims Trump Staged Assassination Attempt With Wrestling 'Blade Job' On His Own Ear Authored by Steve Watson via modernity.news, Jesse Ventura went full conspiracy mode on Piers Morgan’s show, suggesting President  Trump faked the July 13, 2024, assassination attempt in Butler, Pennsylvania, complete with a self-inflicted “blade job” cut to his ear for dramatic effect. The former Minnesota governor and wrestling personality repeatedly questioned the authenticity of the event that left Trump bloodied but defiant, while downplaying the death of Corey Comperatore, the firefighter who was killed shielding his family. Morgan...