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Detroit Gets Drafted: Ford And GM Head Back To The Battlefield
Detroit Gets Drafted: Ford And GM Head Back To The Battlefield
One of the defining themes of the Trump administration's second term has been rebuilding America's industrial base—not just by bringing manufacturing back to U.S. soil, but by restoring domestic capacity in industries considered critical to national security.
Defense production sits squarely at the center of that effort, with Washington increasingly looking to private industry to expand military manufacturing. The latest example is the Pentagon's push to enlist Detroit's automakers in building the Army's next generation of tactical vehicles.
In that vein,...
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Aug 4, 2026 / Tyler Durden
Oil Markets Price In An Iran Deal That Does Not Exist Yet
Oil Markets Price In An Iran Deal That Does Not Exist Yet
Oil prices tumbled Tuesday as traders once again priced in a U.S.-Iran agreement before anyone had actually signed one.
West Texas Intermediate was trading at $75.64 per barrel shortly before 2 p.m. ET, down $4.70, or 5.85%, while Brent had fallen $4.61 to $79.16. Both benchmarks touched three-week lows as hopes rose that an agreement could reopen the Strait of Hormuz.
As reported earlier, Treasury Secretary Scott Bessent said a deal could come Tuesday or Wednesday, while Secretary of State...
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Feb 26, 2026 / Tyler Durden
Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring
Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring
One week after WIRED reported that things were pretty dismal over at Jack Dorsey's payment processing company Block (formerly Square), the company announced that they are cutting 4,000 employees - nearly half of their headcount - in order to invest 'heavily' in artificial intelligence tools to run more efficiently, including its own called Goose, Bloomberg reports.
The news sent shares up over 30% in after hours trade.
"We are taking bold and decisive action here, but we’re doing it from a position of...
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Apr 7, 2026 / Tyler Durden
Today Is "Bridge Day"




