IEA's Birol Says "Ready To Act" If Energy Shock Worsens As US Offers 40 Million-Barrel SPR Lifeline

Chipotle Pulls Jalapeños As Minnesota Salmonella Outbreak Widens To 15 States; Shares Tumble Chipotle Mexican Grill (CMG) shares fell sharply Tuesday after Bloomberg reported that the chain had removed jalapeños from Minnesota restaurants over a suspected link to a salmonella outbreak that has sickened 110 people in the state - while WaPo reports that the outbreak has spread to 15 states. Chipotle stock fell as much as 8.5% against Monday's close - some outlets clocked the low nearer 9% - and was trading roughly 7% lower in the afternoon. Chipotle pulled the packs of (potentially)...

DOE FY27 Budget Requests $45 Billion in Nuclear Funding The White House fiscal year 2027 budget proposal has requested almost $54 billion for the Department of Energy in fiscal year 2027, with almost 80% of that funding going towards nuclear energy and nuclear deterrent programs. The funding request represents a nearly $5 billion increase from 2026 levels. Outside of the $32.8 billion in funding requested for the National Nuclear Security Administration (NNSA), the Trump admin cites a $2.7 billion reduction in funding requests achieved by “slashing Green New Scam initiatives and...

America Looks Richer Than Ever. What Happens When The Fed's Asset Bubble Bursts? Authored by David Stockman via InternationalMan.com, It is now abundantly obvious that the FOMC and its clumsy rate-pegging and credit printing tools are not remotely fit for purpose. The real impact is dramatically displayed in the graph below. It shows that after 1987 the growth rate of household assets relative to earned income (i.e. excluding transfer payments) took off like a bat out of hell. Indeed, as shown in the graph during the heyday of the 1950s through 1987, the...