US Energy Secretary: Saudi Pipeline Could Be Back In Service Within Days

The State Is Coming For Your Roomba Authored by Thiago V. S. Coelho via The Mises Institute, The federal government has discovered another menace to the republic: the vacuum cleaner. In July, the Federal Communications Commission added foreign-produced "advanced robotic devices" to its Covered List, generally preventing new models from receiving the authorization needed to be imported, marketed, or sold in the United States. Although early headlines emphasized Chinese humanoid robots and mechanical dogs, Sean Hollister reported in The Verge that the rule also encompasses robotic vacuums, lawnmowers, delivery machines, and many...

US Says Iran's Threat To Hormuz Traffic "Degraded" As 23 Nations Signal Waterway Support Three weeks into the U.S.-Israeli war on Iran, the Trump administration's central focus now is very clear: reopen the Strait of Hormuz and restore the normal passage of crude and LNG tankers through a maritime chokepoint that carries roughly one-fifth of global oil and LNG flows. On Saturday morning, Admiral Brad Cooper, commander of U.S. Central Command and the official overseeing Operation Epic Fury, released an update on day 22 of the combat mission and stated: Iran...

Tech Futures Tumble As Alphabet Plunges, Small Caps Rise Ahead Of PCE, ECB US futures are lower, with Nasdaq contracts sliding as Alphabet's ugly search miss revived the "is AI capex paying off" debate, while Microsoft's Azure beat and lighter capex, a roughly 1% drop in oil on fresh US-Iran diplomacy chatter and news that Christine Lagarde will quit the ECB nine months early round out the morning's drivers; as a result small caps outperform while the 10Y yield hovers just around 5%. As of 7:30am ET, S&P futures are...