Trump Sending Third Aircraft Carrier Strike Group to Middle East

Feds Raid Newport Mansion, Arrest Businessman Accused Of Routing U.S. Technology To Iran Federal authorities arrested 63 year old Newport Coast technology executive Jamshid Ghomi during an early-morning operation at his luxury Orange County residence on Wednesday, according to the NY Post. He faces federal charges related to alleged violations of U.S. sanctions against Iran. Investigators claim Ghomi orchestrated a long-running scheme to obtain American-made networking and computer equipment and funnel it to customers in Iran, including organizations tied to the country's military and nuclear sectors. According to prosecutors, the operation generated...

A Three-Part Story: These Were The Best And Worst Performing Assets In February The Middle East continued to dominate market attention in May, as constant, daily, recurring hopes and media leaks and trial balloons for some kind of US-Iran deal meant that Brent crude oil fell -19.3%, marking its biggest monthly decline since March 2020 as the pandemic lockdowns began. Those hopes for an end to the conflict meant that fears about stagflation eased dramatically, which pushed yields lower and supported risk assets as well. Indeed, the S&P 500 was...

Pope Sounds Alarm On AI "Slavery" While Church Aligns With Lefty Anthropic Pope Leo XIV published his first encyclical on Monday, entitled Magnifica Humanitas (The Magnificence of the Human Person). The roughly 42,300-word declaration, issued as a papal encyclical, warned, "The fight against new forms of slavery is a decisive test for the ethical discernment of AI and digital transformation." "If technology promises emancipation, yet produces new forms of global subordination, it stands in contradiction to the fundamental principle of human dignity," the pontiff explained in the encyclical, while urging governments...