Despite Record Surge In Subprime Car Loan Originations, US Household Debt Dropped In Q2: First Since COVID

The US military has drawn up new strike plans against Iran that include potentially using the GBU-43/B Massive Ordnance Air Blast Bomb (MOAB), nicknamed the “mother of all bombs,” according to a report from CNN. The MOAB is the most powerful non-nuclear bomb in the US arsenal and has been used only once before in […]

Beijing Tightens Grip On Solar Exports: Will Trump Play America's Quartz Card? Beijing's new restrictions on advanced solar technologies and equipment suggest the Trump-Xi meeting in Washington did little to ease trade tensions. The new measures aim to preserve China's technological advantage as the US and India expand domestic solar manufacturing. This reinforces ongoing concerns about critical materials, where Beijing has placed export controls on tungsten, germanium, gallium, and antimony. Bloomberg cites a statement released by China's Ministry of Commerce earlier this morning announcing that it would add 12 solar-related technologies...

Trump Says Gas Prices Will Drop "Like a Rock" Once Conflict Ends, As Senator Breaks With GOP Leadership On War Powers Summary Trump: "The [price of] gasoline and the oil will go down rapidly once the war’s over." GOP Sen. Collins switches vote on war powers. Bessent on X: "Amid the impact of Economic Fury, Iran’s currency has hit an all-time low. The Iranian people deserve a new era, which the corrupt and shambolic Iranian regime cannot provide." Signals hope for uprising, regime change. Israeli Defense Minister Katz: "soon we will need to...