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11:Tbd1,Rising Demand for Natural Ingredients, Growing Health & Wellness Trends, and Expanding Applications in Cosmetics and Pharmaceuticals Drive 8% CAGR Growth Across Global MarketsREDDING, Calif., June 24, 2025 /PRNewswire/ -- The mangiferin market is experiencing robust expansion, with market valuation projected to grow from USD 225 million in 2025 to an anticipated USD 384.5 million by 2032, growing at a CAGR of 8% during the 2025-2032 forecast period. This significant growth reflects the increasing consumer preference for natural, plant-based ingredients across pharmaceuticals, cosmetics, and functional food industries, according to the latest research report "Mangiferin Market Size, Share, Forecast, & Trends Analysis by Source (Mango, Other Ingredients), Form (Powder, Liquid), Purity (98%, 95%, 90%), and Application (Pharmaceuticals, Food & Beverages) - Global Forecast to 2032", published by Meticulous Research®.This market growth is driven by the growing application of mangiferin in the cosmetics industry, increasing health and wellness trends, rising demand for natural ingredients, and growing incorporation of mangiferin in functional foods and dietary supplements.Access your FREE sample report: https://www.meticulousresearch.com/download-sample-report/cp_id=6136Natural Beauty Revolution Drives Cosmetics Industry AdoptionThe cosmetics industry has emerged as a key growth driver for the mangiferin market, as consumers increasingly seek natural, plant-based ingredients in skincare and personal care products. Mangiferin, a polyphenol derived primarily from mango leaves and bark, is widely recognized for its potent antioxidant, anti-inflammatory, and skin-rejuvenating properties, making it a valuable addition to various cosmetic formulations.Powerful Antioxidant Properties Combat Skin AgingOne of the main reasons for the increasing demand for mangiferin in cosmetics is its powerful ability to combat oxidative stress. Environmental factors such as UV radiation, pollution, and free radicals contribute to premature skin aging, leading to wrinkles, fine lines, and loss of elasticity. Mangiferin acts as a natural antioxidant, neutralizing free radicals and reducing oxidative damage, which helps protect the skin from aging and external aggressors. This makes it a popular ingredient in anti-aging creams, serums, and lotions aimed at preserving youthful and healthy skin.Anti-Inflammatory Benefits Address Skin ConditionsAnother key factor driving its use in cosmetics is its anti-inflammatory properties. Chronic inflammation is a significant contributor to skin conditions such as acne, redness, and sensitivity. Mangiferin has been found to inhibit inflammatory pathways, making it an effective ingredient in formulations designed for sensitive or acne-prone skin. It helps reduce irritation, calm redness, and promote a more even skin tone, making it suitable for products targeting individuals with rosacea, eczema, or other inflammatory skin concerns.Full story available on Benzinga.com12:T9f8,Two Republican senators introduced principles for a bill meant to provide a legal framework for digital assets. Legislation would define when crypto will be overseen by the SEC, rather than the Commodity Futures Trading Commission. Movement on crypto bills remains uncertain as members of the House and Senate grapple with different versions.Two Republican senators are planning to debut a framework on Tuesday for a major bill that would set the rules of the road for digital assets.According to the framework, being introduced by Senate Banking Chairman Tim Scott of South Carolina and Sen. Cynthia Lummis of Wyoming, who heads the panel’s digital assets committee, the future bill will define when crypto is a commodity or a security, allow crypto exchanges to register with the Commodity Futures Trading Commission and reduce the SEC’s regulation of digital currencies.Also signing on are Sens. Thom Tillis, R-NC, and Bill Hagerty, R-Tenn.Those pushing the legislation say the proposed bill would also contain a “small, common-sense package of measures directed at preventing money laundering and sanctions evasion.”“These principles will serve as an important baseline for negotiations on this bill,” Scott told CNBC in a statement. “I’m hopeful my colleagues will put politics aside and provide long-overdue clarity for digital asset regulation.”Scott is looking to build off the bipartisan momentum around crypto on display last week, when a bill on stablecoins passed the Senate. Nearly all Republicans were joined by 18 Democrats in supporting the bill.Taking to the Senate floor after the vote, Lummis said the bill is “only the first step,” and she called on lawmakers to finish the more complex market structure bill this year.A House version of the market structure legislation was approved by two committees this month – the Financial Services Committee, which oversees the SEC, and Agriculture Committee, which oversees the CFTC.While President Donald Trump said on Truth Social that the House should move “LIGHTNING FAST” on the Senate’s stablecoin bill, House Financial Services Chairman French Hill, R-Ark., said at an event that he wants stablecoin and market structure bills to move together. He avoided answering questions about whether the House would take up the Senate’s differing stablecoin bill.The Senate Banking Committee’s subcommittee on digital assets will hold a hearing on the forthcoming bill at 3 p.m. ET.WATCH: Circle, Coinbase shares rise after Senate passes stablecoin legislation13:T1047,Filed pursuant to Rule 433 Registration Statement No. 333-282373 June 23, 2025MEXICO CITY, June 23, 2025 (GLOBE NEWSWIRE) -- New Notes OfferingThe United Mexican States ("Mexico") announced today that it priced a global offering (the "New Notes Offering") of U.S.$3,949,715,000 aggregate principal amount of its 5.850% Global Notes due 2032 (the "2032 New Notes") and U.S.$2,850,768,000 aggregate principal amount of its 6.625% Global Notes due 2038 (the "2038 New Notes" and, together with the 2032 New Notes, the "New Notes").The aggregate principal amount of New Notes includes approximately U.S.$1,449,715,000 of 2032 New Notes and U.S.$850,768,000 of 2038 New Notes intended to fund the purchase of preferred tenders and non-preferred tenders, if accepted, in the concurrent tender offer described below, and the amount of New Notes issued may be adjusted based on final acceptances in the tender offer. The closing of the New Notes Offering is expected to occur on Wednesday, July 2, 2025.Barclays Capital Inc., BBVA Securities Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC served as Joint Lead Underwriters for the New Notes Offering.The New Notes Offering was made only by means of a preliminary prospectus supplement and an accompanying base prospectus. Copies of the preliminary prospectus supplement, the final prospectus supplement (when filed) and the related base prospectus for the New Notes Offering may be obtained from: Barclays Capital Inc., by calling +1 (212) 528-7581, BBVA Securities Inc., by calling +1 (212) 728-2446, Goldman Sachs & Co. LLC, by calling +1 (212) 357-1452, Mizuho Securities USA LLC, by calling +1 (212) 205-7741 or Morgan Stanley & Co., by calling +1 (212) 761-1057.Application will be made for the New Notes to be admitted to listing on the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange.Tender OfferMexico's previously announced tender offer (the "Tender Offer") to purchase its outstanding notes of the series set forth in the tables below (collectively, the "Old Notes" and each, a "series" of Old Notes) on the terms and subject to the conditions contained in the Offer to Purchase, dated Monday, June 23, 2025 (the "Offer to Purchase"), expired as scheduled for Non-Preferred Tenders at 12:00 noon, New York City time, today and for Preferred Tenders, at 2:00 p.m., New York City time, today. All capitalized terms used but not defined under the heading "Tender Offer" in this communication have the respective meanings specified in the Offer to Purchase.The purchase prices to be paid for each series of the Old Notes validly tendered and accepted pursuant to the Tender Offer were calculated in accordance with the procedures set forth in the Offer to Purchase and Mexico's press release issued today, based on (i) the U.S. Treasury Rate for such series, which is a yield to maturity (or par call date) based on the bid-side price of the Reference U.S. Treasury Security identified for such series in the tables below and (ii) the fixed spread for such series set forth in the tables below.Table 1: Tranche A Old NotesOld NotesOutstanding Principal Amount as of Friday, June 20, 2025 ISIN CUSIPReference U.S. Treasury SecurityU.S. Treasury RateFixed Spread (basis points)Purchase Price(1)4.150% Global Notes due 2027U.S.$2,374,850,000.00US91087BAC4691087B AC43.875% due 5/31/20273.863%+47U.S.$996.883.750% Global Notes due 2028U.S.$1,878,402,000.00US91087BAE0291087B AE03.875% due 6/15/20283.810%+59U.S.$984.505.400% Global Notes due 2028U.S.$1,250,000,000.00US91087BAU4491087B AU43.875% due 6/15/20283.810%+61U.S.$1,023.284.500% Global Notes due 2029U.S.$3,085,643,000.00US91087BAF7691087B AF74.000% due 5/31/20303.910%+93U.S.$988.205.000% Global Notes due 2029U.S.$1,000,000,000.00US91087BAY6591087B AY64.000% due 5/31/20303.910%+91U.S.$1,006.13(1)Per $1,000 principal amount of Tranche A Old Notes validly tendered and accepted for purchase. Holders will also receive Accrued Interest on Old Notes validly tendered and accepted for purchase. Table 2: Tranche B Old NotesOld NotesFull story available on Benzinga.com14:T28fa,The Trump Doctrine (AKA The Businessman's Way Of War) Authored by 'Cynical Publius' via American Greatness,As the dust and smoke settle over Iran’s devastated nuclear weapons program, President Donald Trump’s method of waging war is coming into focus. We had hints of what I call the “Trump Doctrine” in his first term as he annihilated ISIS in Syria, but the two-decade war in Afghanistan that he had inherited initially obscured what has now become a coherent doctrine. In his second term, the freedom of navigation attacks against Yemen’s Houthis were once again a hint of Trump’s way of war, but Saturday’s attack on Iran—and the events leading up to it—tell us much about the deliberate and precise manner in which Trump seeks to conduct American wars. Similar to (but different from) the famous “Powell Doctrine” promulgated by former Secretary of State Colin Powell (more on that later), the Trump Doctrine is the doctrine of a businessman serving his stockholders. Explained another way, the Trump Doctrine is the “Businessman’s Way of War.”To preview succinctly, the Trump Doctrine consists of a series of business-like, iterative steps for all uses of American military force, and it performs as follows:Identify America’s national interest.Bargain with the prospective enemy.If/when negotiations fail, conceal & misdirect.Strike with precision and overwhelming force.Achieve submission.Bargain again (from a position of complete strength) with the defeated enemy.I’ll now examine each of these escalating steps in detail.“IDENTIFY AMERICA’S NATIONAL INTEREST.”This first point is key in understanding the Trump Doctrine and how it differs from the Powell Doctrine. Both the Trump Doctrine and the Powell Doctrine focus on war as only being necessary when a vital American national interest is at stake, but the definition of that “interest” differs rather dramatically between the two doctrines. Whereas the Powell Doctrine allows for amorphous goals such as exporting democracy, the Trump Doctrine takes a fundamentally different approach—a businessman’s approach.You see, Donald Trump, a man whose entire life until 2016 was focused on winning in business, does not view himself as President of a nation so much as he views himself as Chief Executive Officer and Chairman of the Board of a very large business, and that business is the United States of America. As CEO and Chairman, he knows he has a fiduciary duty to his stockholders. (You, me, and every other American are his stockholders.) The company Trump leads is not a non-profit—his company has no purpose other than to profit the stockholders. Regime change, spreading democracy, and trying to implement American concepts of liberty are the altruistic purposes of a tax-free, non-profit entity. But Trump sees America as a for-profit, and no actions will be taken for any reason other than to profit the American stockholders, and ending the nuclear capability of an Iranian regime of medieval theocrats greatly serves that purpose.“BARGAIN WITH THE PROSPECTIVE ENEMY.”Donald Trump will never expend American blood and treasure when a deal can be made first. Unlike so many of his predecessors, he does not care much about the moral fiber of America’s prospective enemies; he only cares about benefiting his American stockholders. Thus, when he offered the crazed theocrats ruling Iran a chance to bargain, he meant it. Trump does not care how much the mullahs punish their own citizens; he only cares about his fiduciary duties to his stockholders. Had the mullahs decided to bring their nation to the nuclear negotiating table in good faith, no B-2 bombers would have flown over Iraq this past weekend.“IF/WHEN NEGOTIATIONS FAIL, CONCEAL & MISDIRECT.”Trump gave the mullahs a chance to bargain. They declined. Think about this in the same way as when a large, profitable public company seeks to buy a weaker, distressed private company by way of merger. The first step is to offer a deal that benefits both parties. That’s what good businessmen do. But when the weaker company refuses to strike a deal that is in its best interest, the CEO of the stronger company starts to plan a hostile takeover while hiding his intent, and that’s just what Trump did with Iran.When Google wants to buy a hot, new artificial intelligence start-up, it does not tip its intent off to Apple, and in fact will publicly pretend it has no interest at all in buying the distressed target company.Trump employed a similar strategy as he engaged in what is now obviously a deception plan, where Trump and Netanyahu publicly pretended they were at odds. Even at the last minute—while Pentagon OPSEC was airtight—the public message was that Air Force B-2s were headed to Guam, but that was only a deception plan to obscure their actual flight plan from Missouri. Business is often like war, except without actual bloodshed. CEO Trump knows this, and made the same deception play in Iran as he would in forcing the sale of a distressed casino to one of his real estate ventures.“STRIKE WITH PRECISION AND OVERWHELMING FORCE.”Like the Powell Doctrine, the Trump Doctrine calls for the total commitment of America’s most lethal capabilities in an overwhelming manner. Like the large public company bringing all of its financial assets and influence to bear against a distressed merger target running from an undesired acquisition, Trump employed never-before-used Massive Ordnance Penetrators, delivered by our untrackable B-2 bombers, with an aerial corridor opened by Navy and Air Force stealth aircraft, while sub-launched Tomahawk cruise missiles took out targets that did not need the deep underground attack of the MOPs. Overwhelming military force is the way to defeat America’s enemies, just as overwhelming financial capabilities and business strategies ensure a powerful company controls the market against its competitors.“ACHIEVE SUBMISSION.”This is where the Trump Doctrine deviates most significantly from the Powell Doctrine. The lynchpin of the Powell Doctrine is achieving an “exit strategy.” An “exit strategy” is amorphous, and the enemy gets a vote. What was our exit strategy in Afghanistan? Tribal leaders who finally decided a democracy and personal liberty were the way to govern Afghanistan? Was the exit strategy in Iraq a sort of multi-ethnic republic with a constitution like our own? These goals were wishful thinking and led to 20+ years of useless, endless wars. President Trump sees “exit strategies” differently—he sees them as complete and total submission of the enemy.To borrow a term from popular culture, Trump demands our foes “bend the knee,” and he will settle for nothing less.Like the businessman he is, Trump expects his competitors to submit to his company’s will or cease to exist. As Trump said in his speech last Saturday night, “There will be either peace, or there will be tragedy for Iran, far greater than we have witnessed over the last eight days.This is not an “exit strategy.” This is a demand for complete and total submission. Importantly, Trump planned our attacks on Iran’s nuclear capabilities realizing that total submission was possible, and he would never have launched the attacks if total submission was not on the menu. That is a sea change from our recent history of complex geopolitical “exit strategies.” Trump’s exit strategy is simply complete and total submission, and nothing less. His stockholders deserve as much.“BARGAIN AGAIN (FROM A POSITION OF COMPLETE STRENGTH) WITH THE DEFEATED ENEMY.”This is another area that is separate and distinct from the Powell Doctrine, and from all American wars since the Spanish-American War in 1898. Like the businessman he is, Trump sees war as a means to force our enemies to the negotiating table to give us what we want. Democracy? LGBTQ+ rights? Capitalism? Trump does not care. He only cares about what tangibly benefits his stockholders. When Trump says, “But if peace does not come quickly, we will go after those other targets with precision, speed, and skill,” he implies that negotiations can create peace. The B-2 strikes also serve to bring the mullahs to the negotiating table. If they acquiesce, they survive. If they do not, they die.Additionally, Trump sees the deployment of U.S. forces as creating second- and third-order effects. Did China get the message? Will Russia stop giving arms to Iran if we agree to stop arming Ukraine? Every action Trump takes has deep meaning, and often outside the obvious scope of military objectives. This, too, is a businessman’s approach to war, and differs greatly from the standards of other recent presidents. If an action can influence your company’s competitors to act in your best interest, that is an action that must be taken.At some point, every American enemy will realize that you must give Donald Trump what he wants, or he will destroy you. Military force as a negotiating tool is a new concept in American warfare, and I like it.The Trump Doctrine provides for six steps to a new way of war. The Spanish-American War was the last war America ever fought for any reason other than to benefit the stockholders. Woodrow Wilson brought America into World War I to make the world “Safe for Democracy,” and for over a century, that has been America’s guiding wartime light. Yes, that was necessary and proper in World War II, but as a veteran of Afghanistan and Iraq, I know that most of the world today does not want democracy, and wasting American lives to achieve such an objective is futile. I vastly prefer a war that benefits America’s stockholders, and hopefully, all future presidents will know that the Trump Doctrine is the best method of serving America’s national interests.Thank you, President Trump, for realigning America’s military mission into something that best serves the American people.Cynical Publius is the nom de plume of a retired U.S. Army colonel and veteran of Iraq and Afghanistan, who is now a practicing mergers and acquisitions corporate law attorney. He believes the confluence of his experiences fighting wars and fighting business acquisitions has shown him Donald Trump’s way of war. You can follow Cynical Publius on X at @CynicalPublius.* * *Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge. Tyler DurdenMon, 06/23/2025 - 22:3515:T7a57,This is CNBC’S live blog about the conflict in the Middle East.U.S. President Donald Trump on Tuesday said that a ceasefire was now in effect, soon after Iranian state-linked media announced Tehran had fired its “last round” of missiles at Israel.“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!” Trump said in a post on Truth Social around 1:00 a.m. stateside.Iran had launched a fresh barrage of missiles at Israel as the ceasefire deadline announced by Trump neared.A spate of questions linger over the viability of a ceasefire, Iran and Israel’s participation, the potential resumption of nuclear talks between the West and Tehran, and the ultimate fate of Iran’s supplies of enriched uranium.The ceasefire announcement takes place after an apparent intensification of hostilities, with Iran on Monday carrying out retaliatory missile strikes at the U.S. Al Udeid Air Base in Qatar. Trump thanked Tehran for notice of the offensive.U.S. stock market indexes closed higher Monday on optimism that Iran’s retaliation for U.S. bombings of its nuclear facilities would be limited to the missile attack. Oil prices fell amid dwindling concerns that Iran could proceed with closing the Strait of Hormuz, a key oil transport route.CNBC reporters are covering the Middle East conflict on air and online, reporting from Washington, D.C., London, Dubai, San Francisco and Englewood Cliffs, N.J, and Singapore.Ceasefire has begun, Iran’s Press TV saysThe Iran-Israel ceasefire has come into effect, Iranian state media outlet Press TV said on social media, following a spate of Iranian strikes that have stoked confusion over Tehran’s willingness to participate in the agreement. “Ceasefire begins following four waves of Iranian attacks on Israeli-occupied territoreis,” the media channel said in an X update. As of five hours ago — in comments preceding U.S. President Donald Trump’s announcement that the detente had taken effect — Iranian Foreign Minister Seyed Abbas Araghchi had refuted the existence of a formal arrangement, while allowing for the easing of hostilities. “As of now, there is NO “agreement” on any ceasefire or cessation of military operation,” he said at the time. “However, provided that the Israeli regime stops its illegal aggression against the Iranian people no later than 4 am Tehran time, we have no intention to continue our response afterwards.”— Ruxandra IordacheIsrael confirms agreement to ceasefireIsrael has accepted a ceasefire with long-time rival Iran in U.S.-brokered diplomacy, the office of Israeli Prime Minister Benjamin Netanyahu confirmed on Tuesday. “In light of achieving the objectives of the operation, and in full coordination with President Trump, Israel has agreed to the president’s proposal for a bilateral ceasefire,” Netanyahu’s office said, in a statement procured by NBC News. “Israel will respond forcefully to any violation of the ceasefire. Israeli citizens must continue to strictly adhere to the Home Front Command’s instructions until full compliance with the ceasefire is confirmed.” Questions had lingered whether the Jewish state and Tehran would implement the truce, announced earlier by close U.S. ally Washington. — Ruxandra IordacheTrump says ceasefire ‘is in effect,’ urging not to violate itU.S. President Donald Trump said in a social media post Tuesday that the ceasefire was “in effect,” urging that it should not be violated.“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES!,” he posted on Truth Social at 1:08 a.m. Eastern Time.Trump had earlier said that the the ceasefire would begin at 12:00 a.m. Eastern Time for Iran, while the ceasefire for Israel would apply 12 hours later.Tehran fired multiple waves of missiles at Israel in the final hours before the ceasefire deadline for Iran announced by Trump took effect.— Victor LohFinal salvo of missiles fired at Israel before ceasefire starts: Iranian state mediaAnadolu | Anadolu | Getty ImagesTraces of missiles are seen as Iran launches missile strike on Israel seen from Hebron, West Bank on June 24, 2025.A final round of missiles were fired at Israel before the 12 a.m. ET ceasefire with Israel came into effect, Iranian state-aligned media announced Tuesday. CNBC was unable to independently verify the claim.“From 7:30 AM Tehran time; Based on the agreement reached, a ceasefire between Iran and the Zionist regime came into effect,” Iran’s SNN TV reported, according to a translation by NBC News.“The last round of Iranian missile attacks was fired into the heart of the occupied territories minutes before the ceasefire began.”— Victor LohThree killed after Iranian missile attacks on IsraelJack Guez | Afp | Getty ImagesRocket trails are seen in the sky above the Israeli coastal city of Netanya amid a fresh barrage of Iranian missile attacks on June 24, 2025.Iranian state-aligned media announced a ceasefire with Israel was “imposed” early Tuesday local time, but there was still no confirmation from the Israelis if they had accepted a truce.The announcement on Iran’s SNN TV came as the Israeli military reported waves of missile attacks by Iran, which led to three fatalities.“The proud nation of Iran has imposed a ceasefire on the Zionist enemy through a successful missile operation by the IRGC [Islamic Revolutionary Guard Corps] carried out in response to U.S. aggression,” Iranian state media reported, according to a translation by NBC.“This came alongside the remarkable unity and resistance of our people in defense of our homeland.”— Victor LohNo agreement on ceasefire: Iran’s foreign ministerAnadolu | Anadolu | Getty ImagesIranian Foreign Minister Abbas Araghchi delivers a speech during a press conference as he attends the 51st Meeting of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) at Lutfi Kirdar International Convention and Exhibition Center in Istanbul, Turkey, on June 22, 2025.Iran’s Foreign Minister Seyed Abbas Araghchi said Tuesday morning local time that “there is NO ‘agreement’ on any ceasefire or cessation of military operations.”“However, provided that the Israeli regime stops its illegal aggression against the Iranian people no later than 4 am Tehran time [8.30 p.m. EST], we have no intention to continue our response afterwards,” he said in a post on X.The final decision on the cessation of Iran’s military operations will be made later, he added.Araghchi’s statement comes after U.S. President Donald Trump announced a ceasefire timeline, which he says will end the war between Israel and Iran.— Nur Hikmah Md AliTrump says he expects ceasefire to last ‘forever’: NBC NewsU.S. President Donald Trump said that he thinks the ceasefire would last forever, he told NBC News in an exclusive phone interview Monday night.“I think the ceasefire is unlimited. It’s going to go forever,” he said.He described the Israel-Iran ceasefire as “a wonderful day for the world, in my opinion.”“It’s a great day for America. It’s a great day for the Middle East. I’m very happy to have been able to get the job done,” he said.“A lot of people were dying, and it was only going to get worse. It would have brought the whole Middle East down.”Trump added that the war is completely over and he does not believe Israel and Iran “will ever be shooting at each other again.”— Victor LohIsrael-Iran ceasefire brokered by Trump, Vance and Qatari leadershipWin Mcnamee | Getty Images News | Getty ImagesU.S. President Donald J. Trump speaks with Emir of Qatar Tamim bin Hamad al Thani as he departs the Al Udeid Air Base for Abu Dhabi on May 15, 2025, in Doha, Qatar.The Israel-Iran ceasefire was brokered by President Trump and Qatar’s Emir, Sheikh Tamim bin Hamad Al Thani, a diplomat briefed on the talks told NBC’s Keir Simmons.Trump told Qatar’s Emir that the U.S. had persuaded Israel to agree to a ceasefire with Iran and asked Qatar to help persuade Tehran to do the same, the diplomat said.The diplomat added that U.S. Vice President JD Vance coordinated with Qatar Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani on the details, and the Iranians agreed.Neither Iran nor Israel has confirmed to NBC News that they have agreed to the ceasefire.— Victor LohIDF issues evacuation warning for parts of TehranElyas | Middle East Images | Afp | Getty ImagesSmoke rises over Tehran, Iran, following Israeli airstrikes targeting Revolutionary Guards sites and the Evin prison on June 23, 2025. The Israel Defense Forces issued an evacuation warning to Iranians in two swaths of Tehran ahead of planned attacks against military infrastructure targets there in the coming hours.“Your presence in these areas puts your life at risk,” the IDF said in an X post from its Farsi-language account, according to a Google translation.The warning came less than an hour after Trump announced a ceasefire plan that he says will end the war between Israel and Iran.The timeline laid out by Trump would have Iran commit to a ceasefire around midnight Tuesday ET, while Israel would begin its own ceasefire 12 hours later.It was not immediately clear if either Israel or Iran had signed off on that agreement. — Kevin BreuningerTrump announces an Israel-Iran ceasefire timeline that he says will end the warTrump announced on his social media platform that Israel and Iran have agreed to a “Complete and Total CEASEFIRE” that will begin around midnight Tuesday.Representatives for Israel and Iran did not immediately appear to confirm the agreement.Read Trump’s full Truth Social post:CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at which point the War will be considered, ENDED! Officially, Iran will start the CEASEFIRE and, upon the 12th Hour, Israel will start the CEASEFIRE and, upon the 24th Hour, an Official END to THE 12 DAY WAR will be saluted by the World. During each CEASEFIRE, the other side will remain PEACEFUL and RESPECTFUL. On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, “THE 12 DAY WAR.” This is a War that could have gone on for years, and destroyed the entire Middle East, but it didn’t, and never will! God bless Israel, God bless Iran, God bless the Middle East, God bless the United States of America, and GOD BLESS THE WORLD!— Kevin BreuningerQatar reopens airspaceXavi Lopez | SOPA Images | Lightrocket | Getty ImagesA daytime view of a Qatar Airways commercial plane the state-owned flag carrier of Qatar, parked on the runway at Hamad International Airport. Qatar has reopened its airspace after temporarily closing it following the attack.The country’s airspace has now returned to normal operations, the Civil Aviation Authority wrote on X.A host of international airlines paused or extended suspensions of flights to Doha, Dubai and other major hubs after Iran said it launched an attack on a U.S. military base in Qatar.— Erin Doherty and Leslie JosephsCompanies need to be on high alert from Iran cyber attacks: TrustedSec CEO David KennedyTrustedSec CEO David Kennedy said on CNBC’s “The Exchange” that private companies need to be on alert for any cybersecurity threats they could face from Iran.“Iran has been building up their cyber capabilities for a number of years, and they are on par with other nation states,” Kennedy said. “They very much leverage their cyber capabilities very similarly to what we do here in the United States, with Cyber Command, a direct extension of military force. And so DHS recently released an advisory along with CISA, the Cybersecurity and Infrastructure Security Agency, around private sector corporations and government entities to be on high alert right now for these cyber attacks.”Kennedy said that Iran could inflict “some pretty substantial damage to the United States, specifically in manufacturing, supply chain, retail, critical infrastructure, things that can disrupt our normal day life that cause pain here in the U.S., and really not be seen as crossing that red line of loss of life or direct military force.”— Riya BhattacharjeeKhamenei: Iran ‘isn’t a nation that surrenders’Iran’s leader, Ayatollah Ali Khamenei, issued a defiant-sounding statement shortly after Trump celebrated the bloodless outcome of Tehran’s retaliatory strike on a U.S. military base in Qatar.“Those who know the Iranian people and their history know that the Iranian nation isn’t a nation that surrenders,” Khamenei wrote on X.The post conveyed a marked contrast in tone from Trump’s latest social media message, an all-caps declaration suggesting that the latest developments in the Middle East have established world peace. — Kevin BreuningerU.S. Embassy in Sweden warns Iran may be ‘pressuring’ local gangs ‘to carry out attacks’Courtesy: U.S. Embassy in SwedenU.S. Embassy in Stockholm Sweden.The U.S. Embassy in Sweden is warning Americans to “exercise increased caution,” because Iran “may be pressuring local criminal gangs, including the Foxtrot Network, to carry out attacks in Sweden against U.S. and Israeli interests.”The embassy encourages Americans living in Sweden to “maintain awareness of their surroundings, particularly near the U.S. Embassy,” per an advisory.The Foxtrot Network is a gang in Sweden and “prominent drug trafficking organization,” according to the State Department, which sanctioned the group in March.The State Department said at the time that Iran had “leveraged the Foxtrot Network to carry out attacks on Israeli and Jewish targets in Europe, including the Israeli Embassy in Stockholm, Sweden, in January 2024.”— Erin DohertyMarkets rally, oil falls after attackBrendan McDermid | ReutersTraders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 23, 2025. Stocks rose and oil prices fell after Iran’s attack appeared more limited than initially expected, easing investors’ concerns.The Dow Jones Industrial Average added 374.96 points, or 0.89%, closing at 42,581.78.The S&P 500 gained 0.96% and closed at 6,025.17. The Nasdaq Composite climbed 0.94% to 19,630.97.U.S. crude oil futures fell more than 7% to end at $68.51 per barrel.“Markets only care about oil supply shocks, so as long as they stay at bay, we’ll see markets sharply higher,” said Jamie Cox, managing director at Harris Financial Group.— Brian Evans, Lisa Kailai Han, Erin DohertyTrump says it’s ‘time for peace!’ following attackTrump congratulated the world and said “it’s time for peace!,” in an all-caps Truth Social post following Iran’s missile strike. In a separate Truth Social post minutes prior, Trump thanked the “highly respected emir of Qatar for all that he has done in seeking peace for the region.”Trump also celebrated that the Iranian strikes resulted in no American or Qatari casualties.— Erin DohertyIran leader Khamenei: ‘We will not submit to anyone’s harassment’Anadolu | Getty ImagesIranian Supreme Leader Ali Khamenei addresses the nation on Iranian state television broadcast in Tehran, Iran on June 18, 2025. In a televised address, Khamenei commented on the recent tensions and threats. Iranian leader Ayatollah Ali Khamenei says that his country “will not submit to anyone’s harassment” after Iran launched retaliatory missiles at U.S. bases in the Middle East.“We didn’t harm anyone,” Khamenei said on X, according to a Google translation.“And we will not accept any harassment from anyone under any circumstances. And we will not submit to anyone’s harassment,” he wrote.“This is the logic of the Iranian nation.”— Kevin BreuningerHere’s how many U.S. troops are stationed at key bases in the Middle East Omar Zaghloul | Anadolu | Getty ImagesAn infographic titled “US military presence in the Middle East” created in Ankara, Turkiye on June 23, 2025. The US has approximately 45,000 military personnel, numerous bases, and powerful air and naval fleets that it can deploy across the Middle East.There are approximately 45,000 American service members stationed in the Middle East, according to a recent Reuters analysis.This number is in constant flux, however, and it reflects estimates of personnel at several bases where troop numbers are not publicly acknowledged, due to national security concerns.The United States’ Al Udeid Airbase in Qatar is the biggest American base in the region, with around 10,000 servicemembers stationed there.Iraq hosts the Al Asad air base, where another 2,500 Americans are posted.In Bahrain, home to the U.S. Navy’s 5th Fleet, around 9,000 seamen are stationed at any given time.South of Abu Dhabi in the United Arab Emirates is the Al Dhafra Airbase, which is shared between the United States and the UAE Air Force.Saudi Arabia hosts both American soldiers and large-scale U.S. missile batteries at Prince Sultan Air Base, south of the capital Riyadh. U.S. soldiers in Saudi Arabia numbered 2,321 in 2024, according to a letter released by the White House.The Muwaffaq al Salti Air Base in Jordan hosts the U.S. Air Force Central’s 332nd Air Expeditionary Wing, according to a 2024 congressional report cited by Reuters. — Christina WilkieTrump thanks Iran for giving U.S. ‘early notice’ of Qatar missile attack — but calls it ‘weak’Trump said Iran gave the U.S. “early notice” of its missile attack on an American military base in Qatar, “which made it possible for no lives to be lost, and nobody to be injured.”Trump thanked Iran for that heads up, but nevertheless called the retaliatory strike a “very weak response” that was “very effectively countered” by the U.S.“Most importantly, they’ve gotten it all out of their “system,” and there will, hopefully, be no further HATE,” Trump wrote on Truth Social.Iran has officially responded to our Obliteration of their Nuclear Facilities with a very weak response, which we expected, and have very effectively countered. There have been 14 missiles fired — 13 were knocked down, and 1 was “set free,” because it was headed in a nonthreatening direction. I am pleased to report that NO Americans were harmed, and hardly any damage was done. Most importantly, they’ve gotten it all out of their “system,” and there will, hopefully, be no further HATE. I want to thank Iran for giving us early notice, which made it possible for no lives to be lost, and nobody to be injured. Perhaps Iran can now proceed to Peace and Harmony in the Region, and I will enthusiastically encourage Israel to do the same. Thank you for your attention to this matter!DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA— Kevin BreuningerDubai resumes ‘full operations’ at airportsDubai airports have resumed “full operations” following a brief pause following the attack, per a statement.“While Dubai Airports works with airlines to ensure flights operate according to approved schedules, some flights may experience delays or cancellations,” the statement from the Dubai Media Office said.— Erin DohertyJohnson: ‘This is the retaliation that was expected’Nathan Howard | ReutersU.S. House Speaker Mike Johnson (R-LA) speaks to a reporter, as he leaves for a meeting at the White House on the budget, on the day of the House Rules Committee’s hearing on U.S. President Donald Trump’s plan for extensive tax cuts, on Capitol Hill, in Washington, D.C., U.S., May 21, 2025. Republican House Speaker Mike Johnson said that “this is the retaliation that was expected,” after Iran said it launched missile strikes on U.S. military bases in Qatar and Iraq.“So far, so good, no casualties, so far as we know,” he told reporters.He also said that it is not an “appropriate time” for a war powers resolution, and he doesn’t think it’s “necessary.”“Listen, for 80 years, presidents of both parties have acted with the same commander in chief authority under Article II,” Johnson said, referring to the article that designates the president as “commander in chief” of the military.Johnson said that he received a classified briefing Monday morning on the conflict with Iran.“I know that the national security team is in the Situation Room, even as we speak, and they’re monitoring this,” he said.— Erin DohertyPhoto shows remnant of an Iranian missile intercepted by QatarAFPTV | AFP | Getty ImagesThis frame grab taken from AFPTV footage shows the remnants of an Iranian missile intercepted over Qatar, as it lies on a pavement near a fence on June 23, 2025.A frame grab taken from AFP’s live TV coverage shows the remnants of an Iranian missile intercepted by Qatar lying on pavement following the Monday retaliation.Qatar said there were no casualties from the attack on the U.S. base.– Laya NeelakandanU.S. oil prices fall sharply as investors hope for de-escalationBrandon Bell | Getty Images News | Getty ImagesIn an aerial view, oil storage containers are seen in the LyondellBasell Houston refinery on June 18, 2025 in Houston, Texas. U.S. crude oil futures sold off steeply, on hopes the Middle East conflict will de-escalate after Iran’s retaliatory strike on a U.S. base left no reported casualties.U.S. West Texas Intermediate fell $5.33, or 7.22%, to close at $68.51 per barrel, while global benchmark Brent shed $5.53, or 7.18%, to settle at $71.48 per barrel.The oil market appears to have avoided its worst-case scenario, for now, in which Iran attempts to close the Strait of Hormuz. Some 20 million barrels per day of crude, or 20% of global consumption, flowed through the strait in 2024, according to the Energy Information Administration.U.S. crude has given up most of its gains since Israel started bombing Iran on June 13. Brent is up more than 2% since the conflict began.— Spencer KimballUnited Arab Emirates condemns attack in ‘strongest terms’The United Arab Emirates “has condemned in the strongest terms,” the attack on the Al Udeid Air Base, per a statement from the Ministry of Foreign Affairs. “The UAE underscored its categorical rejection of any attack that threatens the security and safety of the State of Qatar, stressing that such actions undermine regional security and stability,” the statement said. The UAE also fully supports any measures by Qatar “aimed at safeguarding the security and safety of its citizens and residents.”“The UAE reaffirmed the urgent need to halt military escalation, and warned against continued acts of provocation that threaten to destabilize regional security and risk dragging the region into dangerous paths with catastrophic repercussions for international peace and security,” the statement said. — Erin Doherty Saudi Arabia ‘affirms its full solidarity with and unwavering support’ for QatarSaudi Arabia condemned and denounced the attack “in the strongest terms possible,” according to a statement from the Ministry of Foreign Affairs.The attacks constitute “a flagrant violation of international law and the principles of good neighborliness, and an entirely unacceptable act that cannot be justified under any circumstances,” per the statement.“The Kingdom affirms its full solidarity with and unwavering support for the State of Qatar and places all its capabilities at Qatar’s disposal in support of any measures it may take,” the statement continues.— Erin Doherty‘It is scary’: Qatar witness describes missile attackAbdullah Almulla, who was in Doha during the attack, described hearing “bangs in the sky,” while he was on his way home from work, during an interview on CNBC’s ‘The Exchange.’He said that he did not have any indication that any of the strikes impacted any residential or urban areas in Doha.“It is scary, it’s not something I ever heard in my life or ever experienced, so ... it’s a bit worrisome, I’m worried for my friends and family and I just want them to be safe,” said Almulla, who is from Qatar and works with Qatar News Agency. He said that his friends and family appear to be safe from the attack.— Erin DohertyIran gave Qatar a heads up, The New York Times reportsIran gave Qatar advanced notice that it was launching an attack on the U.S. base near Doha, three Iranian officials familiar with the plans told The New York Times.Iran’s retaliatory strike was meant to be symbolic, while leaving an exit ramp open for all sides, the Times reported.In its statement confirming the attack on the Al Udeid Air Base, Iran’s national security council said its action “posed no threat whatsoever to our friendly and brotherly nation, Qatar, or its honorable people.”Qatar has condemned the strike.— Kevin BreuningerTrump says U.S. ‘totally destroyed’ sites in weekend attackSource: The White HousePresident Donald Trump in the situation room on June 21st, 2025. Amid escalating nuclear tensions between the U.S. and Iran, President Donald Trump posted on Truth Social praising the U.S.’s Saturday attacks on nuclear sites in the Middle Eastern country.“The sites that we hit in Iran were totally destroyed, and everyone knows it,” he wrote.Trump blamed “the Fake News” for allegedly trying to “demean” the impact of the sites that were hit, calling out “NBC Fake News” by name.“It never ends with the sleazebags in the Media, and that’s why their Ratings are at an ALL TIME LOW — ZERO CREDIBILITY!” he added.– Laya NeelakandanWatch: Iran targeted Al-Udeid base with attackIran claims that the number of missiles used in the operation was the same as the number of bombs the United States used in its strike on Iran over the weekend, CNBC’s Megan Cassella reports, based on a statement from Iran’s Supreme National Security Council.The base was located away from urban infrastructure and residential areas in Qatar, the statement said. — Megan Cassella Kuwait, Egypt suspend air travel in Persian GulfSource: FlightRadar24Kuwait airspace at 18:18 UTC on June 23rd, 2025.Kuwait Airways is suspending all departing flights from the country due to regional tensions until further notice, the airline posted on X.The suspension will remain in effect “until further notice.”EgyptAir announced in a social media post that all Egypt flights to and from cities in the Persian Gulf have also been canceled “until the situation stabilizes in the region.”The flight suspensions follow Qatar closing its airspace to commercial flights just before Iran launched missiles attacking the U.S. base in Qatar. Bahrain also temporarily suspended air traffic, according to NBC News.– Laya NeelakandanU.S. intel found Iran did not move nuclear material from Fordo before U.S. strike: Sen. MullinIran did not move nuclear material out of its Fordo facility before the U.S. strike on Saturday, Sen. Markwayne Mullin told CNBC’s “Squawk Box” Monday morning, citing U.S. intelligence.A New York Times report published Sunday cited two unnamed Israeli officials who said Iran appeared to have moved nuclear material and equipment from Fordo before the U.S. bombed three Iranian nuclear sites.“Our intelligence report says they didn’t,” the Republican senator said.“In fact, we actually believe they stored more of it in Fordo because they believe Fordo was impenetrable,” Mullin said. “They thought it was a safe place to be.”Read Dan Mangan’s full report on Mullins’ interview here.– Josephine RozzelleAirlines divert, cancel more Middle East flights as conflict intensifiesCourtesy: Flightradar24Flight patterns over United Arad Emirates.Airlines diverted more flights in the Middle East as Qatar’s airspace closed and areas above other Persian Gulf nations were reportedly also off limits after Iran said it attacked a U.S. military base in Qatar.At least six commercial aircraft turned around near the United Arab Emirates’ airspace, according to flight-tracking platform Flightradar24, which also reported that the UAE airspace was closed.Several major international airlines have also scaled back service to major hubs like Doha, Qatar, and Dubai in the United Arab Emirates, or have offered travelers vouchers to travel at a later date because of the conflict.Read the full story here.— Leslie JosephsWatch: No deaths or injuries reported in missile attackNo deaths or injuries have been reported in the missile attack on Al-Udeid military base, CNBC’s Megan Cassella reports, citing a statement from Qatar’s ministry of defense.— Megan CassellaQatar ‘strongly condemns’ attack and says air defenses ‘intercepted the Iranian missiles’Qatar “strongly condemns” the attack at the Al-Udeid air base and considers it “a flagrant violation of the sovereignty of the State of Qatar, its airspace, international law and the United Nations Charter,” Majed Al Ansari, the official spokesperson for Qatar’s Ministry of Foreign Affairs, wrote on X.“We reassure that Qatar’s air defenses successfully thwarted the attack and intercepted the Iranian missiles,” he wrote. He said that the base had been evacuated prior to the attack, “given the tensions in the region.” “We confirm that no injuries or human casualties resulted from the attack,” he continued. “We affirm that Qatar reserves the right to respond directly in a manner equivalent with the nature and scale of this brazen aggression, in line with international law,” he said. — Erin DohertyStocks are positive as traders view Iran missile attacks as a limited response Brendan McDermid | ReutersTraders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 23, 2025.Stock indexes are positive so far this afternoon despite the Iranian attacks on U.S. bases, as investors view the missile fire as a relatively limited response to the U.S. bombing of Iran’s nuclear facilities. The alternative, and a much more costly scenario for traders, would have been if Iran had targeted oil tankers in the Strait of Hormuz, for example, or Gulf state oil production sites. Oil prices also fell this afternoon after briefly jumping, moved lower by the same working assumptions about Iran’s retaliation. — Christina Wilkie Trump meeting with his national security team in Situation Room Source: The White HousePresident Donald Trump in the situation room on June 21st, 2025. Trump is meeting with his national security team this afternoon.A White House official told NBC News the national security team was already meeting in the Situation Room when Iranian missiles were fired at U.S. military bases in Iraq and Qatar.Trump is joined by Secretary of Defense Pete Hegseth, the Chairman of the Joint Chiefs of Staff Gen. Dan Caine and other top officials.— Christina WilkieQatar says it intercepted Iranian missiles targeting U.S. military base — Christina Wilkie16:T11fc,President Donald Trump proposed a tax break on car loan interest while on the campaign trail last year. House and Senate Republicans have pitched a $10,000 tax deduction on auto loan interest as part of the so-called “one big beautiful bill” being debated in Washington. Households would likely need to buy luxury cars that cost $130,000 or more to get the maximum benefit, one economist said. Models with such price tags include “exotic” brands like Rolls-Royce, Ferrari, Bentley, Aston Martin, Lamborghini, McLaren, Porsche, Land Rover, Cadillac, Maserati, Lotus or Mercedes-Benz, the economist said.Republicans are trying to make good on President Donald Trump’s campaign promise to give Americans a tax break on their car loan interest. However, as structured, most households wouldn’t get a substantial financial benefit, economists said.House and Senate Republicans proposed giving drivers a tax deduction of up to $10,000 on annual interest for new auto loans in their so-called “One Big Beautiful Bill Act.” The tax break would be temporary, ending after 2028.But few drivers pay that much annual interest, said Jonathan Smoke, chief economist at Cox Automotive, an auto market research firm.It’s “pretty rare,” he said.Auto loans don’t have annual interest charges of $10,000 or more outside of large loans on “exotic” vehicles, Smoke said.A ‘laundry list of exotic names’How large would the loan have to be?It would take a loan of roughly $112,000 to use up the full $10,000 deduction in the first year of car ownership, Smoke said.Only about 1% of new auto loans are this big, according to Cox Automotive data.Cars most likely to see loans of that magnitude include a “laundry list of exotic names” like Rolls-Royce, Ferrari, Bentley, Aston Martin, Lamborghini, McLaren, Porsche, Land Rover, Cadillac, Maserati, Lotus and Mercedes-Benz, Smoke said.Smoke’s analysis assumes drivers use the most popular loan length, 72 months at the current new loan average of around 9.5%. It includes a 10% down payment and various fees like taxes and registration.The example implies a vehicle purchase price of about $130,000, he said.Vehicles with an average purchase price near this level include a Porsche Panamera or Cadillac Escalade, he said. Monthly car payments under those loan terms would likely be more than $2,000, Smoke said.More from Personal Finance:The salary Americans say they need to live comfortablyWhy electricity prices are surging for U.S. householdsHouse, Senate tax bills both end many clean energy creditsHouse Republicans included the tax break on auto loan interest in a massive domestic policy bill, the “One Big Beautiful Bill Act,” which lawmakers narrowly passed along party lines in May. The Senate may vote on a similar measure as soon as this week.In practice, few if any households would likely claim the full benefit due to an income limitation, experts said.Both versions of the legislation reduce the value of the car loan interest tax deduction once an individual’s annual income exceeds $100,000, or $200,000 for married couples filing a joint tax return. Households below those thresholds may qualify for the full tax benefit, but are unlikely to buy an expensive enough car to do so, economists said.Those drivers who might qualify to take on a six-figure car loan are unlikely to maximize the tax break, either. Taxpayers don’t get a financial benefit once income exceeds $150,000 (or $250,000 for married couples), according to the Institute on Taxation and Economic Policy, a left-leaning think tank.Qualifying cars must also receive final assembly in the U.S., according to current legislative text, potentially further limiting the potential roster of vehicles.The average car loan and interest chargesSpencer Platt | Getty Images News | Getty ImagesPeople walk by a Ferrari dealership in New York City.The average car loan so far in 2025 is about $43,000, according to Cox Automotive data.Under Republicans’ tax plan, the average buyer would get a tax deduction of about $3,000 in the first year of a six-year loan (and a roughly $2,000 average annual deduction over the loan’s life), Smoke said.However, based on the way tax deductions work, this wouldn’t mean car buyers get $3,000 in their pocket the first year.That $3,000 would be deducted from the buyer’s taxable income.“The math basically says you’re talking about [financial] benefit of $500 or less in year one,” and a declining value in subsequent years, Smoke said. That’s less than the average monthly payment on a new loan, he said.17:T9f8,Two Republican senators introduced principles for a bill meant to provide a legal framework for digital assets. Legislation would define when crypto will be overseen by the SEC, rather than the Commodity Futures Trading Commission. Movement on crypto bills remains uncertain as members of the House and Senate grapple with different versions.Two Republican senators are planning to debut a framework on Tuesday for a major bill that would set the rules of the road for digital assets.According to the framework, being introduced by Senate Banking Chairman Tim Scott of South Carolina and Sen. Cynthia Lummis of Wyoming, who heads the panel’s digital assets committee, the future bill will define when crypto is a commodity or a security, allow crypto exchanges to register with the Commodity Futures Trading Commission and reduce the SEC’s regulation of digital currencies.Also signing on are Sens. Thom Tillis, R-NC, and Bill Hagerty, R-Tenn.Those pushing the legislation say the proposed bill would also contain a “small, common-sense package of measures directed at preventing money laundering and sanctions evasion.”“These principles will serve as an important baseline for negotiations on this bill,” Scott told CNBC in a statement. “I’m hopeful my colleagues will put politics aside and provide long-overdue clarity for digital asset regulation.”Scott is looking to build off the bipartisan momentum around crypto on display last week, when a bill on stablecoins passed the Senate. Nearly all Republicans were joined by 18 Democrats in supporting the bill.Taking to the Senate floor after the vote, Lummis said the bill is “only the first step,” and she called on lawmakers to finish the more complex market structure bill this year.A House version of the market structure legislation was approved by two committees this month – the Financial Services Committee, which oversees the SEC, and Agriculture Committee, which oversees the CFTC.While President Donald Trump said on Truth Social that the House should move “LIGHTNING FAST” on the Senate’s stablecoin bill, House Financial Services Chairman French Hill, R-Ark., said at an event that he wants stablecoin and market structure bills to move together. He avoided answering questions about whether the House would take up the Senate’s differing stablecoin bill.The Senate Banking Committee’s subcommittee on digital assets will hold a hearing on the forthcoming bill at 3 p.m. ET.WATCH: Circle, Coinbase shares rise after Senate passes stablecoin legislation18:T431,U.S. futures markets are rallying on Monday night, after President Donald Trump announced a “ceasefire timeline” for the conflict between Iran and Israel. The S&P 500 Futures trade at 6,112.50, up 0.58%, followed by Nasdaq Futures at 22,256.00, up 0.88%, and finally Dow Futures at 43,136.00, up 0.55%, at the time of writing this, just hours after Iran’s missile strikes against U.S. bases located in Iran and Qatar on Monday.Trump shared a post on Truth Social on Monday, announcing a “Complete and Total CEASEFIRE,” at which point, he says, “THE 12 DAY WAR” will be considered “ended.”See Also: Trump Says There Is A Ceasefire Between Israel And IranHe further adds that this war could have gone on for years, destroying the entire Middle East, “but it didn’t, and never will,” Trump says, while congratulating both countries and everyone involved in this exercise. The Foreign Minister of Iran, Syed Abbas Araghchi, has, however, refuted claims of a ceasefire, saying that there was “no agreement” for ...Full story available on Benzinga.com19:T14c7,New York City, June 23, 2025 (GLOBE NEWSWIRE) -- BitStarz, a trailblazer among real money online casinos in Canada, has unveiled a transformative upgrade to its VIP Starz Club on June 23, 2025.This enhancement aims to deliver an unparalleled, exclusive experience for its most loyal players, cementing BitStarz's reputation as one of the best online casinos for Canadians. 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Level Up Adventure: A bi-monthly loyalty tournament with a $50,000 + $20,000 cash prize pool, where players progress through 41 levels by playing ...Full story available on Benzinga.com1a:Tf22,Bowman Joins Race For Powell's Job, Supports July Rate Cut Fed governor Chris Waller may have thought he was a shoo-in for Powell's replacement (and the role of shadow Fed chair) when he said last week that, contrary to the Powell narrative and FOMC consensus, the Fed should cut as soon as July.Waller Puts In Bid For Next Fed Chair, Says Powell Should Cut "As Early As July" https://t.co/uiN1Umb49j— zerohedge (@zerohedge) June 20, 2025Well, not so fast.Recall late last summer, it was Fed vice chair Michelle Bowman who staked out a bid for Powell's replacement when she first dissented with the Fed's jumbo 50bps rate cut meant to ease Biden/Kamala's election, and second when she (correctly) lashed out at illegal immigrants as the source of "upward pressure on rents."First she dissents, now this. If Trump wins, she will be the next Fed chair. https://t.co/eKtX10huDO— zerohedge (@zerohedge) October 2, 2024Fast forward to this morning, when Bowman officially reminded the world that she is also in the running for Powell's replacement, when she echoed Waller in saying that she would favor an interest rate cut at the next policy meeting in July so long as inflation pressures stay muted (which is doing just that).With her speech delivered in Prague, Bowman became the second central banker in recent days to suggest that President Donald Trump’s tariffs are likely to have a temporary and muted impact on prices, thus paving the way for lower rates.“Should inflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting in order to bring it closer to its neutral setting and to sustain a healthy labor market,” she said in prepared remarks. “In the meantime, I will continue to carefully monitor economic conditions as the Administration’s policies, the economy, and financial markets continue to evolve.”Trump has been pressuring the Fed to lower interest rates as a way to save financing costs on the nation’s ballooning national debt. However, the Federal Open Market Committee at its meeting last week voted to hold its key interest rate in a target between 4.25%-4.5%.For her part, Bowman said she supported the change in approach the post-meeting statement took noting that policy uncertainty has diminished and the focus is now tilting towards potential labor market weakness.Economists had worried that Trump’s tariffs would spike inflation, but measures have shown little if any impact so far. In fact, as we showed overnight, Trump has been spot on, and export prices for Japanese cars destined to the US have cratered as it is Japanese car makers that eat the tariff cost.well would you look at that: guess who is eating all those tariff costs (hint, it's not US consumers) pic.twitter.com/iwdKyeqTII— zerohedge (@zerohedge) June 22, 2025“I think it is likely that the impact of tariffs on inflation may take longer, be more delayed, and have a smaller effect than initially expected, especially because many firms frontloaded their stocks of inventories,” Bowman said. “As we think about the path forward, it is time to consider adjusting the policy rate.”Trump has said he thinks the Fed should lower by at least 2 percentage points. Bowman’s remarks did not mention how much she thinks the rate should be lowered, and Waller said there is no need for such dramatic cuts.The FOMC next meets July 29-30. Traders are assigning just a 23% probability to a move at the meeting, with a likelihood of about 77% that the Fed will cut in September, according to the CME Group’s FedWatch gauge measuring futures market pricing.Bowman's comments sent 2Y yields and the dollar tumblig...... and sent odds of a rate cut surging.Expect this to last the next war freakout sends oil - and inflation - expectations surging, and undoing all of the above. Tyler DurdenMon, 06/23/2025 - 10:451b:T1242,US Military Reveals Video Evidence Of Encounter With Disk Shaped "UAP" Remember when the US government essentially admitted to the existence of aliens and almost no one noticed? Launched in 2023, congressional hearings on government encounters with potential otherworldly phenomenon brought a series of witness testimonies into public focus that confirmed long time "conspiracy theories" that humans are not alone in the universe. Intel and military officials presented information under oath that the government had indeed encountered what they call "UAPs" (UFOs) and others claimed that non-human biological entities had been discovered along with recovered aircraft.But, the world was still reeling from pandemic hysteria, the US was on the brink of a possible civil war between conservatives and crazed leftists, the Ukraine war was fomenting a potential world war between NATO and Russia, and America was being led by a puppet president with a brain made of broccoli. Everyone was rather distracted.The sudden admission of the existence of interplanetary intelligence made most people rightfully suspicious. Why was the government, which withheld evidence from the public for decades, so interested in releasing that information now? Was the talk of UAPs and aliens really just a distraction from Joe Biden's deteriorating mental acuity? What is the world supposed to do with this revelation? Most people have bills to pay; will the aliens help pay our bills?In a political and social vacuum the concept of life from other planets with the ability to travel vast interstellar distances to Earth is mind boggling. However, the timing is odd and the government has yet to produce any tangible pieces of evidence of recovered craft or little green men. What we have seen is video evidence, once kept under wraps, of military encounters with strange objects doing things that no human technology is supposed to be capable of.The Department of Defense has revealed new video footage of another aircraft encounter. They describe the object as a massive "disc-shaped UAP" with an abnormal heat signature weaving through the clouds and changing directions in a way that cannot be explained.Investigative journalists Jeremy Corbell and George Knapp say the video was recorded by government personnel over the Afghan-Pakistan border in November 2020. The video was released by the DoD this week.The raw thermal imagery, along with two additional enhanced clips produced by the U.S. government, show the unidentified craft abruptly changing direction - all without any visible signs of propulsion. 'This is the first time in history that military filmed footage of a disc-shaped UAP, designated as such by the military, has been captured on camera and released to the public,' Corbell told DailyMail. 'It has implications that are huge.' The object was spotted during a reconnaissance mission by a high-altitude Air Force platform.The footage is reminiscent of what many now refer to as the "Tic Tac UFO" incident in 2004. Videos released by the Pentagon show U.S. Naval aviators sent to intercept a bizarre flying object that “took off like a bullet fired from a gun.” It was dubbed the “Tic Tac” UFO due to its shape and color, which resembled the popular breath mint. However, this breath mint was 45 feet across. It was detected by the Navy dozens of times in Nov. 2004.The event was buried by the US government and was not mentioned again until 2017 in an expose by the New York Times on a previously unknown UFO program. Top Gun pilot David Fravor was sent to investigate the object. The commander of the “Black Aces” Strike Fighter Squadron 41 sped through the skies in his F-18 and could not believe what he saw. Years later, his opinion hasn’t changed. “It’s not a bird. It’s not a weather balloon. It had no wings, it had no rotors, there was no wash...The four of us will to this day tell you that we have no idea what we saw, as far as where it was from or what it was, but it had incredible performance characteristics that were well beyond brand new Super Hornets right out of the factory, which were the jets we were flying.”Fravor also noted that his aircraft radar was receiving jamming cues from the object. Theories will abound on why top secret details on UAPs are being unveiled so abruptly, but encounters with possible alien life only bring the greater human condition to the forefront. It's hard to care about beings from other worlds until the numerous problems of our own world are confronted and solved. This is why these shocking admissions are receiving limited interest from the masses today. Tyler DurdenSun, 06/22/2025 - 22:451c:T1612,Should Iran follow through its threat to close the Strait of Hormuz, it could alienate its neighbors and trade partners. But the possibility of a closure of the strait is low, experts said, despite Tehran’s rhetoric around closing the strait. A closure would also provoke Iran’s markets in Asia, particularly China, which accounts for a majority of Iranian oil exports.In major move after U.S. struck Iranian nuclear sites, the country’s parliament on Sunday reportedly approved the closure of the Strait of Hormuz, risking alienating its neighbors and trade partners.The decision to close the waterway now rests with the the country’s national security council, and it’s possibility has raised the specter of higher energy prices and aggravated geopolitical tensions, with Washington calling upon Beijing to prevent the strait’s closure.But in all of this, it is Iran that stands to loose the most, which is why the possibility of a closure of the strait is low, experts said, discounting Tehran’s rhetoric.Vanda Hari, founder of energy intelligence firm Vanda Insights, told CNBC’s “Squawk Box Asia” that the possibility of closure remains “absolutely minimalistic.”If Iran blocks the strait, the country risks turning its neighboring oil producing countries into enemies and risks hostilities with them, she said.Furthermore, a closure would also provoke Iran’s market in Asia, particularly China, which accounts for a majority of Iranian oil exports.“So very, very little to be achieved, and a lot of self inflicted harm that Iran could do” Hari said.Her view is supported by Andrew Bishop, senior partner and global head of policy research at advisory firm Signum Global Advisors.Iran will not want to antagonize China, he said, adding that disrupting supplies will also “put a target” on the country’s own oil production, export infrastructure, and regime “at a time when there is little reason to doubt U.S. and Israeli resolve in being ‘trigger-happy’.”Clayton Seigle, senior fellow for Energy Security and Climate Change at the Center for Strategic and International Studies said that as China is “very dependent” on oil flows from the Gulf, not just Iran, “its national security interest really would value stabilization of the situation and a de-escalation enabling safe flows of oil and gas through the strait.”There are currently there are no indications of threats to commercial shipping passing the waterway, according to the Joint Maritime Information Center. “U.S. associated vessels have successfully transited the Strait of Hormuz without interruption, which is a positive sign for the immediate future.”Impact of potential disruptionsThe Strait of Hormuz is the only sea route from the Persian Gulf to the open ocean, and about 20% of the world’s oil transits the waterway. The U.S. Energy Information Administration has described it as the “world’s most important oil transit chokepoint.”“Iran’s operations in and around Hormuz are unlikely to be ‘all or nothing’ – but instead move along a sliding scale from total disruption to none at all,” said Signum’s Bishop.“The best strategy [for Iran] would be to rattle Hormuz oil flows just enough to hurt the U.S. via moderate upward price movement, but not enough to provoke a major U.S. response against Iran’s oil production and export capacity,” he added.On Sunday, Patrick De Haan, head of petroleum analysis at GasBuddy, said in a post on X that pump prices in the U.S. could climb to $3.35-$3.50 per gallon in the days ahead, compared to the national average of $3.139 for the week of June 16.Should Iran decide to close the strait, it would likely use small boats for a partial blockade, or for a more complete solution, mine the waterway, according to David Roche, strategist at Quantum Strategy. In a Sunday note, S&P Global Commodity Insights wrote that any Iranian closure of the strait would mean that not only Iran’s own exports will be affected, but also those of nearby Gulf nations, such as Saudi Arabia, the United Arab Emirates, Kuwait and Qatar.That would potentially remove over 17 billion barrels of oil from global markets, and affect regional refineries by causing feedstock shortages, the research firm said. The disruption to supply will impact Asia, Europe as well as North America.Besides oil, natural gas flows could also be “severely impacted,” S&P said, with Qatar’s gas exports of about 77 million metric tons per year potentially unable to reach key markets in Asia and Europe.Qatar’s LNG exports represent about 20% of global LNG supply.“Alternative supply routes for Middle Eastern oil and gas are limited, with pipeline capacity insufficient to offset potential maritime disruptions through the Persian Gulf and Red Sea,” S&P added.The Commonwealth Bank of Australia pointed out that “there is limited scope to bypass the Strait of Hormuz.” Pipelines in Saudi Arabia and the UAE have only a spare capacity of 2.6 million barrels a day between them, while the strait oversees the transport of an estimated 20 million barrels of oil and oil products per day, the bank said in a note.All these present upside risk to energy prices, with Goldman Sachs estimating that the market is pricing in a geopolitical risk premium of $12.If oil flows through the strait were to drop by 50% for one month and then were to remain down by 10% for another 11 months, Brent is forecast to “briefly jump” to a peak of around $110, Goldman said.Brent oil futures currently stand at $78.95 per barrel, while West Texas Intermediate futures were trading at $75.75.1d:T1381,Oil markets are reacting to Washington’s surprise attack against Iranian nuclear sites, further escalating the Iran-Israel conflict and raising questions over the crude supply outlook. Iran produced roughly 3.3 million barrels per day in May, according to an OPEC report citing independent estimates. Shipments for broader Middle East supply could be imperiled if Iran or its regional proxies take steps to block the key Strait of Hormuz.Oil futures rose in the first trading session since the U.S. launched direct attacks against Iran, casting a shadow over the supply outlook in the embattled oil-rich Middle Eastern region.U.S. crude oil on Monday morning rose were up 7 cents, or 0.1%, at $73.92 per barrel. Global benchmark Brent traded 8 cents higher, or 0.1%, at $77.09. Both benchmarks were well off their highs seen overnight, however. Brent had jumped more than 5% to crack $81 before easing. WTI also reached its highest levels since January before pulling back. President Donald Trump on Saturday surprised markets with the announcement that Washington had directly entered the Iran-Israel conflict, launching attacks against three Iranian nuclear sites in Fordo, Natanz and Isfahan. Investors are now looking to see how Iran will respond to the unprecedented U.S. strikes. Iran’s foreign minister said Sunday the Islamic Republic reserves “all options” to defend its sovereignty. The initial rise in oil prices could ease if Iran does not respond, according to S&P Global Platts.Strait of HormuzThe worst-case scenario for the oil market would be an attempt by Iran to close the Strait of Hormuz, according to energy analysts. Some 20 million barrels per day of crude, or 20% of global consumption, flowed through the strait in 2024, according to the Energy Information Administration.Iranian state media reported that Iran’s parliament had backed closing of the strait, citing a senior lawmaker. However, the final decision to close the strait lies with Iran’s national security council, according to the report.U.S. Secretary of State Marco Rubio has warned Iran against attempting to close the strait. It would be “economic suicide” for the Islamic Republic because their exports pass through the waterway, Rubio said.“We retain options to deal with that,” Rubio told Fox News in an interview Sunday. “It would hurt other countries’ economies a lot worse than ours. It would be, I think, a massive escalation that would merit a response, not just by us, but from others.”Iran produced 3.3 million bpd in May, according to OPEC’s monthly oil market report released in June, which cites independent analyst sources. It exported 1.84 million bpd last month, with the vast majority sold to China, according to data from Kpler.Rubio called on China to use its influence to prevent Tehran from closing the strait. About half of China’s waterborne crude oil imports comes from the Persian Gulf, per Kpler.“I encourage the Chinese government in Beijing to call them about that, because they heavily depend on the Straits of Hormuz for their oil,” Rubio said.Investors are also watching the odds of a further destabilization of the Iranian regime as a result of U.S.-Israeli hostilities, given the example of the long-spanning impact that the 2011 NATO-led ousting of Muammar Gaddafi had on Libya’s supplies.Regional tensionsTensions have likewise ramped up in neighboring Iraq, OPEC’s second-largest producer, where pro-Tehran militias have previously threatened Washington, should it target Iran’s supreme leader, Ayatollah Ali Khamenei.On Sunday, Iran’s Revolutionary Guard warned that “the US bases in the region are not their strength but rather their greatest vulnerability” without specifying particular sites, according to Google-translated comments carried by Iranian news agency Fars.Fledgling, but revived diplomatic ties between former rivals Iran and Saudi Arabia could meanwhile diffuse the possibility of disruptions in the supply of the world’s largest crude exporter.“The Kingdom of Saudi Arabia is following with deep concern the developments in the Islamic Republic of Iran, particularly the targeting of Iranian nuclear facilities by the United States of America,” the Saudi foreign ministry said on Sunday. Riyadh, a close U.S. ally in the Middle East, has limited its involvement in the Iran-Israel offensives.Back in 2019 — four years before resuming diplomatic relations with Iran — Saudi Arabia’s oil installation facilities at Abqaiq and Khurais sustained damage during attacks that were claimed by the Houthis, but for which Riyadh and the U.S. said Iran bore responsibility. Tehran denied involvement.At the resumption of Israeli-Iranian fire last week, the International Energy Agency’s chief Fatih Birol said the institution was monitoring the developments and that “markets are well supplied today but we’re ready to act if needed,” with 1.2 billion barrels of emergency stocks on standby.1e:T1612,Should Iran follow through its threat to close the Strait of Hormuz, it could alienate its neighbors and trade partners. But the possibility of a closure of the strait is low, experts said, despite Tehran’s rhetoric around closing the strait. A closure would also provoke Iran’s markets in Asia, particularly China, which accounts for a majority of Iranian oil exports.In major move after U.S. struck Iranian nuclear sites, the country’s parliament on Sunday reportedly approved the closure of the Strait of Hormuz, risking alienating its neighbors and trade partners.The decision to close the waterway now rests with the the country’s national security council, and it’s possibility has raised the specter of higher energy prices and aggravated geopolitical tensions, with Washington calling upon Beijing to prevent the strait’s closure.But in all of this, it is Iran that stands to loose the most, which is why the possibility of a closure of the strait is low, experts said, discounting Tehran’s rhetoric.Vanda Hari, founder of energy intelligence firm Vanda Insights, told CNBC’s “Squawk Box Asia” that the possibility of closure remains “absolutely minimalistic.”If Iran blocks the strait, the country risks turning its neighboring oil producing countries into enemies and risks hostilities with them, she said.Furthermore, a closure would also provoke Iran’s market in Asia, particularly China, which accounts for a majority of Iranian oil exports.“So very, very little to be achieved, and a lot of self inflicted harm that Iran could do” Hari said.Her view is supported by Andrew Bishop, senior partner and global head of policy research at advisory firm Signum Global Advisors.Iran will not want to antagonize China, he said, adding that disrupting supplies will also “put a target” on the country’s own oil production, export infrastructure, and regime “at a time when there is little reason to doubt U.S. and Israeli resolve in being ‘trigger-happy’.”Clayton Seigle, senior fellow for Energy Security and Climate Change at the Center for Strategic and International Studies said that as China is “very dependent” on oil flows from the Gulf, not just Iran, “its national security interest really would value stabilization of the situation and a de-escalation enabling safe flows of oil and gas through the strait.”There are currently there are no indications of threats to commercial shipping passing the waterway, according to the Joint Maritime Information Center. “U.S. associated vessels have successfully transited the Strait of Hormuz without interruption, which is a positive sign for the immediate future.”Impact of potential disruptionsThe Strait of Hormuz is the only sea route from the Persian Gulf to the open ocean, and about 20% of the world’s oil transits the waterway. The U.S. Energy Information Administration has described it as the “world’s most important oil transit chokepoint.”“Iran’s operations in and around Hormuz are unlikely to be ‘all or nothing’ – but instead move along a sliding scale from total disruption to none at all,” said Signum’s Bishop.“The best strategy [for Iran] would be to rattle Hormuz oil flows just enough to hurt the U.S. via moderate upward price movement, but not enough to provoke a major U.S. response against Iran’s oil production and export capacity,” he added.On Sunday, Patrick De Haan, head of petroleum analysis at GasBuddy, said in a post on X that pump prices in the U.S. could climb to $3.35-$3.50 per gallon in the days ahead, compared to the national average of $3.139 for the week of June 16.Should Iran decide to close the strait, it would likely use small boats for a partial blockade, or for a more complete solution, mine the waterway, according to David Roche, strategist at Quantum Strategy. In a Sunday note, S&P Global Commodity Insights wrote that any Iranian closure of the strait would mean that not only Iran’s own exports will be affected, but also those of nearby Gulf nations, such as Saudi Arabia, the United Arab Emirates, Kuwait and Qatar.That would potentially remove over 17 billion barrels of oil from global markets, and affect regional refineries by causing feedstock shortages, the research firm said. The disruption to supply will impact Asia, Europe as well as North America.Besides oil, natural gas flows could also be “severely impacted,” S&P said, with Qatar’s gas exports of about 77 million metric tons per year potentially unable to reach key markets in Asia and Europe.Qatar’s LNG exports represent about 20% of global LNG supply.“Alternative supply routes for Middle Eastern oil and gas are limited, with pipeline capacity insufficient to offset potential maritime disruptions through the Persian Gulf and Red Sea,” S&P added.The Commonwealth Bank of Australia pointed out that “there is limited scope to bypass the Strait of Hormuz.” Pipelines in Saudi Arabia and the UAE have only a spare capacity of 2.6 million barrels a day between them, while the strait oversees the transport of an estimated 20 million barrels of oil and oil products per day, the bank said in a note.All these present upside risk to energy prices, with Goldman Sachs estimating that the market is pricing in a geopolitical risk premium of $12.If oil flows through the strait were to drop by 50% for one month and then were to remain down by 10% for another 11 months, Brent is forecast to “briefly jump” to a peak of around $110, Goldman said.Brent oil futures currently stand at $78.95 per barrel, while West Texas Intermediate futures were trading at $75.75.1f:T1398,US To Open Fly Production Facility For Combating Mexican New World Screwworms Authored by Naveen Athrappully via The Epoch Times (emphasis ours),Secretary of Agriculture Brooke L. Rollins launched a facility in South Texas on Wednesday that will release millions of sterile flies to fight the threat of flesh-eating parasites that are infecting cattle in Mexico and could reach the U.S. border soon, the Department of Agriculture (USDA) said in a June 18 statement.Livestock in pens at the Chihuahua Regional Livestock Union facility, outside Ciudad Juarez, Mexico, wait to be exported to the United States on Feb 10, 2025,. Jose Luis Gonzalez/ReutersThe parasite, New World screwworm (NWS), is a “devastating pest that causes serious and often deadly damage to livestock, wildlife, pets, and in rare cases, humans,” the USDA said. Some U.S. agriculture and cattle industry officials are worried that if the migration isn’t checked, the NWS flies could reach the border by the end of summer.According to the agency, NWS females lay eggs on wounds or orifices of warm-blooded animals. Once the eggs hatch into larvae, they burrow into the wound and feed off the flesh. As more maggots hatch and feed, the wound becomes deeper and larger. Eventually, it becomes so severe that the host animal dies.A single female NWS fly can lay up to 3,000 eggs over its lifespan. As such, a large infestation poses considerable risks to farmers raising cows, sheep, and other animals.In the 1950s, a strategy called sterile insect technique (SIT) was developed, which was used to eradicate NWS from the United States, Mexico, and Central America, the USDA said in an April 2025 document. SIT used gamma radiation to turn NWS pupae into sterile male flies.When the male flies are released en masse, they mate with wild female flies who end up laying unfertilized eggs, eventually leading to the eradication of these pests.“While NWS has been eradicated from the United States for decades, recent detections in Mexico as far north as Oaxaca and Veracruz, about 700 miles away from the U.S. border, led to the immediate suspension of live cattle, horse, and bison imports through U.S. ports of entry along the southern border on May 11, 2025,” said the USDA statement.The facility launched by the agriculture secretary is an $8.5 million sterile NWS fly dispersal site located at Moore Air Base in South Texas.The United States currently can procure 100 million flies per week from a sterile fly production facility in Panama. The USDA has invested $21 million in a production facility in Mexico that, when operational, will provide another 60-100 million flies weekly. Combined, at least 160 million flies per week are expected to be available for disbursal through the Moore Air Base facility.In addition, the USDA is also looking at installing a sterile fly production facility at Moore Air Base to complement the new dispersal facility.“The United States has defeated NWS before, and we will do it again,” said Rollins. “We do not take lightly the threat NWS poses to our livestock industry, our economy, and our food supply chain.“The United States government will use all resources at its disposal to push back NWS, and today’s announcement of a domestic strategy to bolster our border defenses is just the beginning. We have the proven tools, strong domestic and international partnerships, and the grit needed to win this battle.”(or screwworms)Countering NWS InfestationIn a June 18 statement, the National Cattlemen’s Beef Association (NCBA) announced “strong support” for USDA’s plan to construct an NWS sterile fly production facility at Moore Air Base.“To form an effective barrier along the U.S. southern border, we need upwards of 300 million sterile flies per week. During the height of screwworm eradication efforts in the 1960s, the United States released 400 to 500 million sterile flies per week,” it said.Moon Air Base is an ideal location for the production of sterile flies since its proximity to the border “make it easy for sterile flies to quickly be deployed to the areas of the U.S. most at risk.”In a June 19 post on social media platform X, Mexico’s agriculture secretary, Julio Berdegue, said the actions taken by the United States to strengthen the fight against NWS are a “positive step that, in several ways, will strengthen joint Mexico-U.S. efforts.”He expressed hope that Mexico can “resume the export of our cattle as soon as possible.”The economic fallout of not countering the spread of NWS infections can be massive.According to a January 2025 USDA document, a 1976 outbreak of NWS resulted in 1,488,256 cattle and 332,600 sheep and goats getting infested with these pests in Texas alone.If a similar scale outbreak were to occur in Texas at present, producers in the state could lose $732 million a year, with the Texas economy suffering a loss of $1.8 billion.The Associated Press contributed to this report. Tyler DurdenSun, 06/22/2025 - 22:1020:T1d77,The NATO summit takes place in The Hague on June 24-25. The U.S. is pushing for allies to sharply increase their defense spending to 5% of GDP. Some member states say they’re happy to do that, others are clearly not, and still don’t meet the 2014 target to spend 2% of GDP on defense.Fireworks could kick off during NATO’s annual summit this week, as the U.S. pushes its allies to sharply increase their defense spending to 5% of their gross domestic product (GDP).The 5% figure is made up of 3.5% of GDP that should be spent on “pure” defense, with an extra1.5% of GDP going to security-related infrastructure, such as cyber warfare capabilities and intelligence.While some member states say they’re happy to hit that milestone, and some countries are not too far off that mark, others don’t even meet the 2% threshold that was agreed over a decade ago. While they might pledge to increase defense spending, whether these promises materialize will be the key question.Talk is cheap and timelines can be vague — but concerted action is what the U.S. and President Donald Trump, who’s attending a NATO summit for the first time since 2019, will want to see.Christian Hartmann | AFP | Getty ImagesUS President Donald Trump arrives for the NATO summit at the Grove hotel in Watford, northeast of London on December 4, 2019.“The U.S. is looking for everybody to say, ‘Yeah, we mean it. We have a plan. 5% is real. We’re going to get there’,” Kurt Volker, former U.S. ambassador to NATO and distinguished fellow at the Center for European Policy Analysis (CEPA), said Wednesday.“But one thing to watch for is if the messaging is actually on point. Some of the messaging from some of our European allies, at least when they back brief their own media and their own parliaments is, ‘Yeah, 5% but it’s really 3.5% and 1.5%, and that can be pretty much anything’ ... So there’s going to be a whittling down [of defense spending pledges] almost immediately,” Volker noted at a CEPA briefing ahead of the NATO summit.“And if that is over emphasized, you’re going to have a clash with the U.S.,” Volker added.High stakes, low expectationsThe stakes are high as allies meet in The Hague in the Netherlands on June 24-25, given ongoing conflict in Ukraine and war in the Middle East threatening to destabilize the global economy.Defense analysts say this year’s meeting could be the most consequential in the alliance’s 77-year history, with the U.S.’ spend-pushing heavily forewarned before the summit.U.S. Defense Secretary Pete Hegseth was emphatic as he said 5% “will happen” at a separate NATO gathering earlier this month, with NATO Secretary General Mark Rutte also widely plugging that message to allies too.Petras Malukas | Afp | Getty ImagesGerman Air Force helicopters are pictured at the airfield of Pajuostis in Panevezis, Lithuania on May 6, 2025, during the Griffin Lightning 2025′′ military exercises. Defense spending has been a thorny subject for NATO members for years, and a persistent source of annoyance and anger for Trump, who was demanding that allies double their spending goals from 2% to 4% of GDP all the way back in 2018.NATO defense expenditure has nevertheless sharply picked up among NATO members since Trump was last in power.Read moreCan Trump force the hand of NATO allies to spend up to 5% of GDP on defense?UK put on a war footing with defense overhaul — but is it too little, too late?NATO’s Rutte tells Europe to ‘stop complaining’ and increase defense spendingBack then, and arguably at the height of the White House leader’s irritation with the bloc, only six member states met the 2% target, including the U.S. Times have changed, however; by 2024, 23 members had reached the 2% threshold, according to NATO data.While some greatly surpassed that target — such as Poland, Estonia, the U.S., Latvia and Greece — major economies including Canada, Spain and Italy have lagged below the contribution threshold. No NATO member has so far reached the 5% spending objective, and some are highly likely to drag their feet when it comes to getting to that milestone now.Dirk Waem | Afp | Getty ImagesPicture taken during a visit of NATO military exercise “Dacian Spring” in Romania, on Monday 12 May 2025. The U.K., Poland and Germany have already said they intend to increase defense spending to the requisite target, but their timeline is unclear. The UK is also reportedly trying to delay the spending rise among by three years, according to the i newspaper. CNBC has reached out to Downing Street for comment.Spain and Italy are seen as major holdouts against the 5% target, after only committing to reach the 2% threshold in 2025. Canada meanwhile spent 1.3% of GDP on defense in 2024, NATO estimates suggest, even less than Italy, Portugal or Montenegro.Spending 5% on defense is a target, but not a given, Jason Israel, senior fellow for the Defense Technology Initiative at CEPA, said Wednesday.“Every single country ... is trying to figure out how they’re going to thread that needle of being able to make the commitment, but also make the accounting work when every single nation has to make trade offs against what is generally unpopular, massive increases in defense spending,” he noted, stressing it’s a “long way from commitments ... to actual capability,”Europe must commitEuropean aerospace and defense companies are following NATO spending commentary and commitments closely, but say they’re stuck in limbo between pledges and action by way of concrete government procurement.The leaders of Leonardo, Embraer and Saab told CNBC last week the continent needs to act decisively and collectively to make long-term commitments to defense spending and investment contracts to enable companies like theirs to scale-up their production capacity and manufacturing capabilities.“If we go for 3.5% [of pure defense spending] across the European part of NATO, that will mean a lot, and more will be needed in terms of capacity. But we need to understand the capability targets better,” Micael Johansson, the chief executive of Swedish defense company Saab, told CNBC.“We can do more, and I think we need to come together in Europe to create more scale, also in what we do to align demand, align requirements, so we can actually be competitive player in internationally. So there’s a lot to do still,” he said.Roberto Cingolani, CEO of Italian defense firm Leonardo, agreed that “there’s a lot of work to be done.”“Leonardo has a capacity boost program at the moment because we are quite aware of the fact that we have to increase the production of specific platforms, defense systems, electronics and technology solutions. It is not only matter of money, it’s matter of priority. It’s matter of reducing the fragmentation among countries in Europe,” he told CNBC’s Charlotte Reed at the Paris Air Show.Defense companies needed to know what will be expected of them ahead of time, Cingolani said, given the complex nature of global supply chains that underpin the defense industry.“We have approximately 5000 companies in the supply chain, and we are in 160 countries in the world. So it’s very complicated,” he noted. “You have to invest in supply chain. You have to make investments. You have to protect the supply chain. But of course, we also have to face a shortage of raw materials ... There is no no simple solution. If there were a solution, we would have done it already,” he said.21:T1217,Market reactions after the U.S. strikes have been less aggressive, especially relative to just over a week ago when Israel launched airstrikes against Iran. “The markets view the attack on Iran as a relief with the nuclear threat now gone for the region,” said Dan Ives, managing director at Wedbush.The U.S. joining the war between Israel and Iran might seem like a geopolitical flashpoint that would send markets tumbling. Instead, investors are largely shrugging off the escalation, with many strategists believing the conflict to be contained — and even bullish for some risk assets.By 9:30 a.m. in London on Monday, the MSCI World index, which tracks over a thousand large and mid-cap companies from 23 developed markets, was just 0.1% lower.European shares pared early losses to trade in firmer territory, with the pan-European Stoxx 600 marginally higher following a sell-off at the open. U.S. stock futures also ticked higher, with futures tied to the S&P 500 gaining 0.2%.Safe-haven assets also saw a muted response. The yield on the benchmark 10-year note gained 2 basis points, while spot gold shed 0.2% to trade at around $3,359 per ounce. The safe-haven Swiss franc was last seen flat against the U.S. dollar, which rose against several currencies on Monday morning.In general, the market reactions after the U.S. strikes have been less aggressive, especially relative to just over a week ago when Israel launched airstrikes against Iran.“The markets view the attack on Iran as a relief with the nuclear threat now gone for the region,” said Dan Ives, managing director at Wedbush, adding that he sees minimal risks of the Iran-Israel conflict spreading to the rest of the region and consequently more “isolated.”While the gravity of the latest developments should not be dismissed, they are not seen as a systemic risk to global markets, other industry experts echoed.On Saturday, U.S. President Donald Trump said that the United States had attacked Iranian nuclear sites. Traders are now keeping a close eye on any potential countermeasures from Iran following the U.S. strikes on its nuclear facilities.Iran’s potential closure of the StraitIran’s foreign minister warned that his country reserved “all options” to defend its sovereignty. According to Iranian state media, the country’s parliament has also approved closing the Strait of Hormuz, a pivotal waterway for global oil trade, with about 20 million barrels of oil and oil products traversing through it each day.“It all depends on how Iran responds,” said Peter Boockvar, chief investment officer at Bleakley Financial Group. “If they accept the end of their military nuclear desires... then this could be the end of the conflict and markets will be fine,” he told CNBC. Boockvar is not of the view that Iran will carry out the disruption of global oil supplies.The worst-case scenario for markets would occur if Iran were to close the Strait, which is unlikely, said Marko Papic, chief strategist at GeoMacro Strategy.“If they do, oil prices go north of $100, fear and panic take over, stocks go down ~10% minimum, and investors rush to safe havens,” he said.However, markets are subdued now given the “limited tools” that Tehran has at its disposal to retaliate, Papic added. The idea of shutting down the Hormuz waterway has been a recurring rhetoric from Iran, but it has never been acted upon, with experts highlighting that it is improbable.In 2018, Iran warned it could block the Strait of Hormuz after the U.S. pulled out of the nuclear deal and reinstated sanctions. Similar threats were made earlier in 2011 and 2012, when senior Iranian officials — including then-Vice President Mohammad-Reza Rahimi — said the waterway could be closed if Western nations imposed more sanctions on Iran’s oil exports due to its nuclear activities.“Tehran understands that, if they were to close the Strait, the retaliation from the U.S. would be swift, punitive, and brutal,” Papic added.In a similar vein, Yardeni Research founder Ed Yardeni said the latest events have not shaken his conviction in the U.S. bull market.“Geopolitically, we think that Trump has just reestablished America’s military deterrence capabilities, thus increasing the credibility of his ‘peace through strength’ mantra,” he said, adding that he is targeting 6,500 for the S&P 500 by the end of 2025.While predicting geopolitical developments in the Middle East is a “treacherous exercise,” Yardeni believes that the region is in for a “radical transformation” now that Iranian nuclear facilities have been destroyed.22:T4ce,NINGBO, China, June 22, 2025 /PRNewswire/ -- Risen Energy Co., Ltd. (SZSE: 300118), a globally leading renewable energy company, recently released its 2024 Environmental, Social and Governance (ESG) report, themed "Powering a Better World with Clean Energy." The report highlights the company's progress across areas including green manufacturing, sustainable development, and corporate responsibility, including saving 22,065.05 tons of standard coal equivalent (TCE) through renewable energy usage.As the climate crisis continues to dominate the news cycle —driven by extreme weather, pollution, and biodiversity loss—Risen Energy is dedicated to demonstrating its commitment to a sustainable future. By integrating ESG principles into every aspect of operations, the company is advancing clean energy solutions while addressing pressing global environmental and social challenges. Certified for Responsibility Risen Energy operates 12 sites certified under ISO 45001 for occupational health and safety, ISO 14001 for environmental management, and ISO 9001 for quality management. These certifications reflect the company's commitment to best-in-class operational practices and worker ...Full story available on Benzinga.com23:T111a,The dollar index was up 0.45% at one point on Monday, indicating a gain against a basket of currencies. However, a growing consensus among investment banks suggests the dollar’s strength may prove temporary. Analysts say the dollar rally is masking concerns over U.S. fiscal policy, trade wars, and weakening international demand for U.S. assets.The U.S. dollar surged in early trading on Monday, benefiting from its traditional safe-haven status after U.S. military strikes on Iran — but analysts are warning the gains may be short-lived.The dollar index was up 0.45% at one point, indicating a gain against currencies such as the Japanese yen, the euro and the British pound, as well as the Canadian, Australian and New Zealand dollars. The greenback was last seen trading around 0.4% higher at 9.30 a.m. London time.“The escalation of the Middle East crisis after the US attacks Iran during the weekend is expected to lead to some of the traditional safe haven effects in the market [such] as the oil price is rising, lower equity prices and a stronger dollar,” said Kirstine Kundby-Nielsen, fixed income and currency research at Danske Bank.Despite the initial rally, a growing consensus among investment banks suggests the dollar’s strength may prove temporary.Some analysts say the Middle East conflict is merely masking concerns over U.S. fiscal policy, trade wars, and weakening international demand for U.S. assets, which are likely to regain focus once the immediate crisis-driven demand fades. The dollar index is down more than 8% this year, reflecting the long-term concern.The U.S. dollar’s immediate strength is tied to fears of how Iran might retaliate, with a closure of the Strait of Hormuz — a waterway vital to the transit of oil — at the top of those concerns.Yet, RBC Capital Markets analysts caution that the situation is more complex, noting that Iran has asymmetric capabilities to “strike individual tankers and key ports.”“Hence, we do not believe it is a ‘full closure or nothing’ scenario when it comes to the waterway, and Iran may deploy their asymmetric capabilities to raise the economic cost of the combined US/Israeli operations,” said RBC’s Halima Croft, a former CIA analyst, in a note to clients.Jordan Rochester, head of FICC strategy for the EMEA region at Mizuho, also expressed some optimism when it came to the possibility of a Strait of Hormuz closure. “It’s a bold call but I doubt the strait of Hormuz is blocked and we avoid the $100-130pb oil levels touted by the sell side with Iranian allies such as China likely to be applying pressure to keep oil flows ongoing,” he said in a Monday morning note. “The US is also likely to have made energy infrastructure a red line attached to its support of Israel.”However, a key indicator of safe-haven demand — the U.S. Treasury market — appears to be telling an entirely different story through its unusually muted reaction.A global crisis typically sends investors flocking to U.S. government debt, but Danske Bank’s Kundby-Nielsen said the “impact on US Treasuries is a bit more uncertain given the significant trade deficit and tariffs combined with a potential increase in the supply of Treasuries given the soft fiscal policy”.A global trade war is compounding these fiscal concerns.With a July 9 deadline approaching until a reprieve on levies expires, the U.S. is threatening tariffs of up to 50% on most imports from the European Union. “As far as the USD goes, we’d suspect that the USD would be sinking lower if it weren’t for the War, largely because the news pertaining to US import tariffs is not particularly good, and because data from outside the US, while weak, does not point to further deterioration relative to the US,” said Thierry Wizman and Gareth Berry, Macquarie’s currency and rates strategists, in a June 20 note to clients that preceded the U.S. strike on Iran.FX strategists from Bank of America also point out that investors are betting heavily on the decline of the U.S. dollar, which adds momentum to any downward move for the currency.According to the BofA global fund manager survey released on June 16, fund managers currently see short-U.S. dollar as the third most crowded trade — although the survey was carried out before to the United States’ involvement in the Middle East conflict.24:T60f,When Jeff Bezos puts money behind something, people pay attention. The founder of Amazon doesn't just throw cash at random trends—he invests with a long-term vision and a clear eye for disruption. That's why it raised eyebrows when Bezos backed Arrived Homes, a real estate platform that lets everyday people invest in rental properties with as little as $100. If one of the wealthiest people on earth is betting on single-family rentals, it's worth asking: what does he see that the rest of us might be missing?The answer has everything to do with how real estate is changing—and how platforms like Arrived are opening the doors to a type of investing that was once reserved for the ultra-wealthy. If you've ever thought about owning rental property but didn't want the landlord life (or the six-figure price tag), this is how you get in—alongside the same platform backed by Bezos himself.Related:This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100.Tired of waiting on the sidelines? With Groundfloor, you can invest in real estate projects with as little as $10 — no accredited investor status required.The Rental Housing Boom, ExplainedLet's start with the big picture. The U.S. is in the middle of a long-term shift toward renting. Home prices have soared, mortgage rates remain high, and affordability continues to push millions of Americans out of the buyer's market and into long-term rentals. But here's the twist: even ...Full story available on Benzinga.com25:T1938,'Worst Ally': Army Colonel Removed From US Joint Chiefs Staff Over Israel Criticism A United States Army colonel has been removed from his position on the Pentagon staff supporting the Joint Chiefs after his Israel-critical social media posts were publicized by Jewish News Syndicate (JNS). Until this week, Army Col Nathan McCormack led the Joint Chiefs of Staff's Levant and Egypt branch. That team is part of the Joint Staff J5, which proposes strategies, plans, and policy recommendations to the chairman of the Joint Chiefs. Within hours of Tuesday's JNS report, McCormack was yanked from his post, with a Pentagon official telling JNS:“The individual is being returned to [the Army] while the matter is being investigated...The information on the X account does not reflect the position of the Joint Staff or the Department of Defense...Our global alliances and partnerships are vital to our national security, enhancing our collective defense, deterrence and operational reach.” Colonel Nathan McCormack was commissioned as an infantry second lieutenant two months after the United States invaded Iraq over false claims of a nuclear weapons program Here are the published comments that led to McCormack's removal: May 2025: "Netanyahu and his judeosupremacist cronies are determined to prolong the conflict for their own goals: either to remain in power or to annex the land."June 2024: "The more Israel's death cult escalates toward Hezbollah, the more we will see show-of-force attacks like this and 13 April." June 2024: “The U.S. has not been an honest broker. We have overwhelmingly enabled Israel’s bad behavior.”May 2024: Amid talk of pushing Gaza residents into other countries, McCormack wrote, "[Israel] wants to expel them and cleanse 'Eretz Israel' of ethnic Palestinians." April 2024: “I’ve lately been considering whether we might be Israel’s proxy and not realized it yet. Our worst ‘ally.’ We get literally nothing out of the ‘partnership’ other than the enmity of millions of people in the Middle East, Africa and Asia.” Oct 2023: "I agree that Israel has an absolute right to respond militarily, and that civilians may legally be caught in the crossfire, but you are ignoring the requirement of proportionality. Israel’s responses always (always—not hyperbole) disproportionately target Palestinian civilians." The JNS report that prompted McCormack's removal from the J5 gave no indication of how his semi-anonymous posts came to the pro-Israel outlet's attention. Up until his 2021 death, zealously pro-Israel billionaire and mega-campaign-contributor Sheldon Adelson was JNS's largest single donor​​​​. The JNS article included a disapproving quote from another Adelson-funded entity, the Foundation for Defense of Democracies, which -- despite its generic-sounding name -- declared in its initial tax-exempt-status-filing that its goal was to "enhance Israel's image in North America." McCormack's posts were made on X under an account using the name "Nate" and the handle "@mick_or_mack," with a profile that used a cartoon version of himself. His account no longer exists, but several of his posts are still viewable via internet archive links. McCormack didn't strive for full anonymity, as he once posted a photo of a Meritorious Service Medal certificate showing his full name. In May, he replied to an X user, "I’m the Joint Staff J5 Israel branch chief.” In Dec 2008, then-Captain McCormack speaks to a sheikh in Butoma, Iraq while serving as a 25th Infantry Division company commander (photo: US Army) The Pentagon told JNS another officer has been assigned to "look into the matter," but it's not clear that McCormack violated any Army policies. The branch's social media guide says "soldiers are encouraged to express their opinions of the political process online and offline." It advises soldiers to "avoid use of DoD titles, insignia, uniforms or symbols in a way that could imply DoD sanction or endorsement of content on your personal page." McCormack's profile included a disclaimer that his posts “do not represent the position of the Department of Defense or any of its components.” Then again, one of his posts might be read as attributing a position to the DOD, as he wrote:“Along with the World Health Organization and United Nations, we (Department of Defense, Department of State and the U.S. Intelligence Community) consider the Gaza Health Ministry figures to be generally reliable (though not precise), but probably less so now than they were originally due to the general destruction and chaos in Gaza.”Even if he's spared any formal discipline, it's safe to say there's zero chance McCormack will be returning to his position on the J5 staff. Beyond its general influence over US policy and personnel, Israel has a history of a strong presence directly inside the Pentagon. Here's how former Army Col. Lawrence Wilkerson -- who served as Secretary of State Colin Powell's chief of staff amid the run-up to the 2003 invasion of Iraq -- described what he witnessed: 🚨Col. Lawrence Wilkerson: ‘It’s UNQUESTIONABLE that the Epstein business was heavily influenced by MOSSAD!’‘I watched Mossad take over the Pentagon in 2002. The Pentagon was infiltrated by Mossad. They did not need any identification to get through the river entrance to the... pic.twitter.com/rZtnFTPc1k— Going Underground (@GUnderground_TV) June 9, 2025A Dallas native and Texas A&M graduate, McCormack was commissioned as an infantry second lieutenant just two months after the United States invaded Iraq based on the false pretense that Saddam Hussein was developing a nuclear weapon. As the United States contemplated that invasion, Benjamin Netanyahu told Congress: "There is no question whatsoever that Saddam is seeking and is working and is advancing towards the development of nuclear weapons—no question whatsoever.” "If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region." McCormack would later be deployed to Iraq, where he surely witnessed for himself the utter emptiness of Netanyahu's claims, and the catastrophic consequences of acting on them. As the Pentagon participated in deliberations over joining another Middle East war on nearly-identical premises, Colonel McCormack's contrarian perspective might have been particularly valuable at such a pivotal moment. Tyler DurdenSat, 06/21/2025 - 22:4526:T95f,Ninth Circuit Strikes Down California's "1-In-30" Gun-Rationing Law Authored by Jonathan Turley,A unanimous panel of the United States Court of Appeals for the Ninth Circuit has struck down California’s “1-in-30” gun rationing law as unconstitutional under the Second Amendment.The law restricted citizens to one gun purchase every 30 days and was based on a ridiculous rationale that was shredded by the three-judge panel.California Penal Code § 27535(a) states that individuals may not apply “to purchase more than one firearm within any 30-day period,” and § 27540(f) prohibits a firearms dealer from delivering any firearm if the dealer is notified that “the purchaser has made another application to purchase a handgun, semiautomatic centerfire rifle, completed frame or receiver, or firearm precursor part” within the preceding 30-day period.Writing for the court, Judge Danielle Jo Forrest found the California law facially unconstitutional. She wrote:California suggests that the Second Amendment only guarantees a right to possess a single firearm, and that Plaintiffs’ rights have not been infringed because they already possess at least one firearm. California is wrong. The Second Amendment protects the right of the people to “keep and bear Arms,” plural. U.S. Const. amend. II (emphasis added). This “guarantee[s] the individual right to possess and carry weapons.” Heller, 554 U.S. at 592 (emphasis added).And not only is “Arms” stated in the plural, but this term refers to more than just guns. It includes other weapons and instruments used for defense. See id. at 581. California’s interpretation would mean that the Second Amendment only protects possession of a single weapon of any kind. There is no basis for interpreting the constitutional text in that way.The court rightfully dismisses the state’s forced and frankly frivolous argument.It then delivers a particularly lethal line on the historical prong of the analysis.Next, the panel held that California’s law is not supported by this nation’s tradition of firearms regulation. Bruen requires a “historical analogue,” not a “historical twin,” for a modern firearm regulation to pass muster. Here, the historical record does not even establish a historical cousin for California’s one-gun-a-month law.Here is the opinion: Nguyen v. Bontan Tyler DurdenSat, 06/21/2025 - 22:1027:T1c81,“We have completed our very successful attack on the three Nuclear sites in Iran, including Fordow, Natanz, and Esfahan,” President Donald Trump said Saturday. The nuclear facilities were hit with massive bombs delivered from B-2 stealth bombers. U.S. Navy submarines also joined the attack, launching more than 30 Tomahawk missiles into Iran. Trump’s decision to join Israel’s war against Iran sharply escalates the conflict and appears to push any diplomatic solution out of reach. President Donald Trump on Saturday said the United States had attacked Iranian nuclear sites, pushing America into Israel‘s war with its longtime rival and regional power.“A short time ago, the U.S. military carried out massive precision strikes on the three key nuclear facilities in the Iranian regime, Fordo, Natanz and Isfahan,” Trump said in a speech from the White House.U.S. Navy submarines also launched more than 30 Tomahawk missiles into Iran, two defense officials told NBC News.Trump said the U.S. and Israel, “worked as a team, like perhaps no team has ever worked before. We’ve gone a long way to erasing this horrible threat” to the American ally.The president congratulated the U.S. military on “an operation the likes of which the world has not seen in many, many decades. Hopefully we will no longer need their services in this capacity.”“There will be either peace, or there will be tragedy for Iran far greater than we have witnessed over the last eight days. Remember, there are many targets left,” Trump said.“Tonight was the most difficult of them all by far, and perhaps the most lethal. But if peace does not come quickly, we will go after those other targets with precision, speed and skill, most of them can be taken out in a matter of minutes,” he added.Trump watched the strikes unfold Saturday from the White House Situation Room, where he was joined by his national security team and closest aides.White House | Via ReutersU.S. President Donald Trump holds a meeting alongside Secretary of State Marco Rubio in the Situation Room at the White House in Washington, D.C., U.S. June 21, 2025.The president initially announced the strikes on social media Saturday, where he wrote that “a full payload of BOMBS was dropped on the primary site, Fordow.”It was unclear late Saturday precisely how much damage the U.S. strikes had done to the heavily fortified Iranian nuclear sites, or whether any American military assets were still active in the country.Earlier in the day, several U.S. Air Force B-2 stealth bombers reportedly left Missouri, heading west over the Pacific Ocean. The massive planes are some of the only U.S. aircraft capable of carrying the GBU-57 Massive Ordnance Penetrator (MOP), a 30,000-pound bomb known as the “bunker buster.”The bunker buster bombs are widely viewed as the only conventional, non-nuclear weapons capable of inflicting serious damage on the Fordo nuclear facility, which is built into the side of a mountain.Saturday’s action puts the United States in direct armed conflict with Iran, a massive escalation in its involvement with Israel’s effort to cripple Tehran’s nuclear program and topple its regime.Trump spoke with Israeli Prime Minister Benjamin Netanyahu after the U.S. strikes, a White House official told NBC News.The decision to attack Iran once again engages the American military in active warfare in the Middle East — something Trump had vowed to avoid during his second term in office.It also marks a major shift from just 48 hours ago, when Trump said the United States would take “two weeks” to see if the conflict between Israel and Iran could be resolved diplomatically.“Based on the fact that there’s a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks,” Trump said Thursday in a statement issued by the White House.Behind the scenes, the Trump administration has been trying to reach a deal with Iran over its nuclear program, and Trump in recent months had reportedly urged Netanyahu to hold off on a strike.Graphic by SYLVIE HUSSON, NALINI LEPETIT-CHELLA, SABRINA BLANCHARD| AFP | via Getty ImagesInfographic with a map of Iran showing nuclear sites, reactors and uranium mines. That diplomatic path may now be closed. Iranian Ayatollah Ali Khamenei said recently that “any American military entry will undoubtedly be met with irreparable damage.”“If they enter militarily, they will face harm that they cannot recover from,” he added in a statement read on Iranian state television.After the U.S. strikes, it was unclear what options remained for an Iranian retaliation against the United States.One possibility with direct impacts on the global economy and supply chain would be if Tehran were to set landmines down in the Strait of Hormuz, said Helima Croft, head of global commodity strategy at RBC Capital Markets.The narrow body of water between Iran and Oman is the transit point for about 20% of the world’s oil, via tanker ships. Landmines would effectively close the strait, because ships would not know where the mines were placed.“We’re already getting reports that Iran is jamming ship transponders very, very aggressively,” Croft told CNBC’s “Fast Money” on Wednesday.QatarEnergy and the Greek Shipping Ministry have already warned their vessels to avoid the strait as much as possible, Croft said.More such alerts were expected following Saturday’s U.S. attack on Iranian sites.Getty ImagesInfographic with map of the Gulf showing maritime tanker traffic in September 2024 through the Strait of HormuzTrump and previous American presidents have long insisted that Iran cannot have nuclear weapons.During his first term, Trump pulled the U.S. out of a nuclear agreement that the Obama administration and other nations had brokered with Iran in 2015, arguing it failed to protect America or deter Tehran’s enrichment aims.Israel has long claimed that Iran is developing nuclear weapons, and has threatened to strike its nuclear program before. But until now, Tel Aviv has limited its military engagement to targeted assassinations and cyber attacks.Tulsi Gabbard, Trump’s director of national intelligence, testified before Congress in March that the U.S. intelligence community “continues to assess that Iran is not building a nuclear weapon and Supreme Leader Khamenei has not authorized the nuclear weapons program that he suspended in 2003.”But Trump has repeatedly dismissed his own Cabinet official’s assessment.“I don’t care what she said. I think they were very close to having one,” Trump said on Air Force One last week. World leaders react after Trump says U.S. bombed nuclear sites in IranTrump rips into ‘too late’ Jerome Powell after Fed holds rates steadyA ‘spiral of escalation’: World braces for intensifying Iran-Israel conflictIsrael denies pursuing regime change in Iran; it aims to remove nuclear programIran threatens ‘irreparable damage’ if U.S. enters Israel conflictThese are the sticking points holding up a U.S.-EU trade dealNYC mayoral candidate Brad Lander released after arrest by ICETrump weighs potential U.S. military strike on Iran, demands surrender28:T12b1,This is your weekly lookahead at the key global events that could move markets and shape policy. NATO leaders meet in The Hague with Trump expected to ramp up pressure on Europe over defense spending. Summer Davos kicks off in Tianjin amid China-U.S. trade tensions, while Germany hosts its Day of Industry as economic sentiment improves.After a week of global market jitters, the reaction to U.S. strikes on Iranian nuclear facilities will be front and center over the coming days. Meanwhile, a trio of heavyweight events could also shape the economic and geopolitical mood. From NATO tensions in The Hague to trade talks in Tianjin and industrial optimism in Berlin — investors will be watching closely. The stage is set for tense talks at the NATO Summit in The Hague on Wednesday where U.S. President Donald Trump is expected to exert further pressure on Europe to boost defense spending Summer Davos takes place in Tianjin, China from Tuesday to Thursday with China trade talks underway Day of Industry in Germany on Monday and Tuesday as engine of growth restartsU.S.-Iran-IsraelAddressing the nation on Saturday evening, U.S. President Donald Trump said strikes on three of Iran’s nuclear sites were a “spectacular military success” that “completely obliterated” the country’s major enrichment facilities.The strikes, which mark the first time the U.S. has conducted a direct military attack on Iran, mark a dramatic escalation in geopolitical tensions. Trump’s claim about the result of the operation could not be independently confirmed.Iran Foreign Minister Abbas Araghchi slammed the U.S. strikes, describing them as “outrageous” and saying the country “reserves all options to defend its sovereignty, interest, and people.” Global investors will be scrambling to assess the fallout.On the DefensiveNATO meetings with Trump in attendance have a history of being dramatic. Back in 2017, the White House leader consistently questioned America’s commitment to the alliance, and accused other members of owing “massive amounts of money” to the overall share of defense spending.Fast forward to 2025 and the next NATO Leaders Summit with Trump is set to take place in The Hague, the Netherlands on Wednesday. Some problems are familiar – while defense spending has increased dramatically across Europe, countries like Spain risk derailing talks by calling the 5% of GDP target “unreasonable.” In addition, the war in Ukraine rages on. Meanwhile other problems are new – hostilities are rising between Israel and Iran, alongside other neighbors in the Middle East, are testing international relations to the limit. U.S. Ambassador to NATO Matthew Whittaker, told CNBC’s “Squawk Box Europe” that the region should not expect a free ride from the U.S. on defense spending, as “the 5% target is not a negotiating tactic.” Summer DavosOn the other side of the world, the Chinese city of Tianjin plays host to the World Economic Forum’s Meeting of New Champions running from Tuesday to Thursday, also known as the Summer Davos. Technology dominates the agenda at a tricky time for relations between China and the West, as trade negotiations with the U.S. are still on-going.Trump may have bought more time for TikTok, extending the deadline for China’s ByteDance to divest the social media platform’s U.S. business to September, but the latest round of trade talks in London led to a vague stand-off between the two superpowers, with no official readout. Speaking to CNBC right after those negotiations, U.S .Commerce Secretary Howard Lutnick was asked if current tariffs on China would not shift again, to which he replied, “you can definitely say that.”But this may do little to ease the conversations between Chinese officials and corporates in Tianjin, and the international delegates in attendance, who will be looking for more certainty from both the White House and Beijing.Engine of GrowthCloser to home, it’s the Day of Industry conference in Germany on Monday and Tuesday. This annual meeting in Berlin highlights German economic policy and global trade strategies. It could be a good time for the new government to be touting Europe’s so-called Engine of Growth, with four economic institutes raising their 2025 and 2026 GDP growth forecasts for Europe’s largest economy.During a recent trip to Washington DC, Chancellor Friedrich Merz dodged the ire that other world leaders have faced in the Oval Office, with Trump’s focus mostly dominated by his public spat with Elon Musk. But it’s not all clear roads ahead for Germany, as the country’s auto industry body reports that domestic auto-makers have shouldered around 500 million euros ($576.1 million) in costs associated with Trump’s import tariffs.29:T4d2,Omi, a Paris-based startup revolutionizing product visuals with 3D modeling and artificial intelligence, has won the "Most Promising" prize at the 2024 LVMH Innovation Awards. The award was presented on June 12 in Paris at leading European tech conference VivaTech, hosted by LVMH Image and Environment Director Antoine Arnault.Hugo Borensztein, co-founder and CEO of Omi, said the win reflects a broader shift happening across the luxury and retail industries. “Working with a Maison founded two centuries ago using the most advanced 3D and AI technologies expresses LVMH's bold, innovation-inspired vision. We are both honored and proud to be part of this adventure," Borensztein said in a statement by LVMH.Don't Miss:Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share.Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can invest with $1,000 at just $0.30/share.Omi Offers AI-Driven Visuals For The Future Of Luxury RetailOmi specializes in using 3D technology ...Full story available on Benzinga.com2a:T52d,SAN DIEGO, June 21, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Tempus AI, Inc. (NASDAQ:TEM) common stock between August 6, 2024 and May 27, 2025, both dates inclusive (the "Class Period"), have until August 12, 2025 to seek appointment as lead plaintiff of the Tempus AI class action lawsuit. Captioned Shouse v. Tempus AI, Inc., No. 25-cv-06534 (N.D. Ill.), the Tempus AI class action lawsuit charges Tempus AI and certain of Tempus AI's top executives with violations of the Securities Exchange Act of 1934.If you suffered substantial losses and wish to serve as lead plaintiff of the Tempus AI class action lawsuit, please provide your information here:https://www.rgrdlaw.com/cases-tempus-ai-inc-class-action-lawsuit-tem.htmlYou can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.CASE ALLEGATIONS: Tempus AI is a technology company advancing precision medicine through the practical application of artificial intelligence, including generative AI.The Tempus AI class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Tempus AI inflated the ...Full story available on Benzinga.com2b:T1d6f,How Housing Bubble #2 Bursts? Authored by Charles Hugh Smith via OfTwoMinds blog,Corporate / private equity / STVR investors are all fair-weather owners of housing.Let's indulge in some basic logic:1. All credit-asset bubbles burst.2. U.S. housing is a credit-asset bubble.3. The U.S. housing bubble will burst.The only variables are how and when Housing Bubble #2 will burst. That's today's topic.I've been writing about housing since 2005, as Housing Bubble #1 was inflating. I've participated in / observed housing rising sharply in the late 1970s and the late 1980s, followed by deflation / stagnation. Housing Bubble #1--circa 2003-2008--was characterized by all the classic signs of a mania:1. Participants denied it was a bubble. When greed displaces prudence, this isn't a bubble doomed to pop, it's the New Normal.2. Fraud, malfeasance, misrepresentation, speculation and leverage were all rampant. In the euphoric ascent to ever higher valuations, why let foolish little things like income, risk management and credit ratings stand in the way of reaping more profits?Housing Bubble #2 has rolled over into the decline phase, but this is discounted by the consensus which holds that higher mortgage rates dented the market; once they drop a bit, housing will resume its ascent to ever-higher valuations.I see a different set of dynamics in play:1. The 40+ year cycle of interest rates / bond yields has turned. Rates will not go back to zero and stay flatlined for years. Risk and inflationary forces have changed and are not returning to The Great Moderation.2. The Federal Reserve / federal government effectively nationalized the mortgage industry post-2009 Global Financial Meltdown as the means to stop the decline of housing valuations and re-inflate them via super-low mortgage rates. The Fed bought a staggering $1.2 trillion of mortgage-backed securities in 2009-2010, up from zero--a monumental manipulation of the mortgage market that soon exceeded $1.6 trillion.How the housing/mortgage market managed to survive without Fed nationalization prior to 2009 remains a mystery.For its part, the federal government effectively nationalized the quasi-governmental mortgage agencies (Fannie Mae, Freddy Mac), using these agencies to guarantee most mortgages in the U.S.3. The incentive (lower mortgage rates) to commit fraud by claiming to be an owner-occupant rather than an investor has pushed mortgage fraud to levels that Federal Reserve researchers declare "rampant." Owner-Occupancy Fraud and Mortgage Performance (A 46-page PDF report is available on this link.)The study's authors found that "in most years, fraudulent investors make up roughly one-third of the total pool of investors." Fraud rates in excess of 13% were found in some states states.The frenzy to buy and convert houses to short-term vacation rentals (STVRs) took off in the post-pandemic "revenge travel" boom. Corporate purchases of houses as rental properties had taken off in the post-2009 era of mass foreclosures, a trend that accelerated as private equity sought new markets to exploit.Combine corporate / private-equity buyers with small investors flooding into STVRs and the post-pandemic panic-buying frenzy, and it's little wonder that investors--declared and fraudulent, large and small--now own huge swaths of housing in the U.S.:Investors Bought 26% of the Country's Most Affordable Homes in the Fourth Quarter--the Highest Share on RecordAn estimated 26% of Fort Worth's single family homes are owned by companies, city says(Yes, family trusts and households can own housing as LLCs, but the study linked above paid no attention to the type of ownership; it paid attention to A) if the owners have multiple first liens, and B) whether they moved following the origination of their new purchase mortgage or not.)4. The risks created by this preponderance of investor ownership are high. The Federal Reserve researchers found that fraudulent investors pose a much higher risk of default than declared investors and real owner-occupants.As "revenge travel" shrivels up, property taxes and insurance rise and inflation ravages household budgets, STVRs are quickly shifting from income-producing assets to loss-generating liabilities. Investors either sell before they're under-water or the risk of default rises accordingly.Professionally managed corporate and private-equity owners will start unloading properties as rents sag and vacancies rise. STVR owners who realize the tide has reversed will also rush to sell before the price slide gathers momentum.Let's look at some charts for context. Here is a chart of total housing units. Confounding the conventional narrative of a "housing shortage," the U.S. added 7.6 million housing units in the five years 2020-2025, a rate far higher than the 8.6 million units added over 10 years 2010-2020.Here is a chart of owner-occupied housing. Note that the number of owner-occupied homes was flatlined for 12 years--from 2005 to 2016. Then it suddenly leaps up by 10 million in a few years--from 76 million to 86 million. Did 10 million households all win the lottery, or is the bulk of this astounding increase the result of fraudulent investors posing as owner-occupant buyers?This map shows the extent of investor mortgage -fraud.This chart of Federal Reserve ownership of mortgage-backed securities (MBS) overlays neatly with each leap higher in valuations. Pump "free money" into the financial system and keep rates at historic lows, and voila, you can inflate a bubble for the ages.The post-pandemic buying frenzy pushed the cost per square foot of houses listed for sale up 57%.Unsurprisingly, this bubble pushed housing affordability to record lows.The Case-Shiller Index offers a long-term view of how far valuations could drop once the bubble bursts. A 40% decline would be the norm, and a 50% drop would be well within the typical range of bubbles bursting.The Fed's mass manipulation of mortgage rates in 2010 "saved" Bubble #1 from playing out in a free-market manner, but the Fed won't be able to engineer an equivalent "save" this time around, as the mortgage market has already been nationalized and the Fed already owns a stupendous $2.1 trillion of MBS.Corporate / private equity / STVR investors are all fair-weather owners of housing. Once the profits shrink or reverse into losses, investors push the "sell" button. And since housing is priced on the margins, it only takes a handful of get-me-out sales to push valuations down 10%, then 20%, then 30% and eventually to a bottom between 40% anf 50%.This vulnerability to the collapse of valuations is the bitter fruit of the Fed's manipulation of rates and mortgages over the past 16 years. We love a "free market" when rapidly expanding credit inflates a bubble, but oh dearie-dearie me, we have to stop the "free market" from operating if it bursts the bubble.Here's how Housing Bubble #2 bursts: buyers of overvalued, money-losing properties vanish, those who waited too long sink underwater (sales prices are lower than what they paid), marginal investors default, owner-occupants who lose their jobs sell or default, private equity realizes their losses will only increase the longer they hold off selling, and the momentum of sellers far outnumbering buyers cascades.Greed is replaced by fear, and then by the realization it's too late to exit without losses. This is how bubbles burst.* * *Become a $3/month patron of my work via patreon.com. Subscribe to my Substack for free Tyler DurdenSat, 06/21/2025 - 10:302c:T35f2,The Real National Emergency: Endless Wars, Failing Infrastructure, & A Dying Republic Authored by John Whitehead and Nisha Whitegead via The Rutherford Institute,“Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.”- President Dwight D. Eisenhower (April 16, 1953)Seventy years after President Dwight D. Eisenhower warned about the cost of a military-industrial complex, America is still stealing from its own people to fund a global empire.In 2025 alone, the U.S. has launched airstrikes in Yemen (Operation Rough Rider), bombed Houthi-controlled ports and radar installations (killing scores of civilians), deployed greater numbers of troops and multiple aircraft carriers to the Middle East, and edged closer to direct war with Iran in support of Israel’s escalating conflict.Each of these “new” fronts has been sold to the public as national defense. In truth, they are the latest outposts in a decades-long campaign of empire maintenance—one that lines the pockets of defense contractors while schools crumble, bridges collapse, and veterans sleep on the streets at home.This isn’t about national defense. This is empire maintenance.It’s about preserving a military-industrial complex that profits from endless war, global policing, and foreign occupations—while the nation’s infrastructure rots and its people are neglected.The United States has spent much of the past half-century policing the globe, occupying other countries, and waging endless wars.What most Americans fail to recognize is that these ongoing wars have little to do with keeping the country safe and everything to do with propping up a military-industrial complex that has its sights set on world domination.War has become a huge money-making venture, and the U.S. government, with its vast military empire, is one of its best buyers and sellers.America’s role in the Russia-Ukraine conflict has already cost taxpayers more than $112 billion.And now, the price of empire is rising again.Clearly, it’s time for the U.S. government to stop policing the globe.The U.S. military reportedly has more than 1.3 million men and women on active duty, with more than 200,000 of them stationed overseas in nearly every country in the world.American troops are stationed in Somalia, Iraq and Syria. In Germany, South Korea and Japan. In Saudi Arabia, Jordan and Oman. In Niger, Chad and Mali. In Turkey, the Philippines, and northern Australia.Those numbers are likely significantly higher in keeping with the Pentagon’s policy of not fully disclosing where and how many troops are deployed for the sake of “operational security and denying the enemy any advantage.” As investigative journalist David Vine explains, “Although few Americans realize it, the United States likely has more bases in foreign lands than any other people, nation, or empire in history.”Incredibly, America’s military forces aren’t being deployed abroad to protect our freedoms here at home. Rather, they’re being used to guard oil fields, build foreign infrastructure and protect the financial interests of the corporate elite. In fact, the United States military spends about $81 billion a year just to protect oil supplies around the world.America’s military empire spans nearly 800 bases in 160 countries, operated at a cost of more than $156 billion annually. As Vine reports, “Even US military resorts and recreation areas in places like the Bavarian Alps and Seoul, South Korea, are bases of a kind. Worldwide, the military runs more than 170 golf courses.”This is how a military empire occupies the globe.For 20 years, the U.S. war machine propped up Afghanistan to the tune of trillions of dollars and thousands of lives lost. When troops left Afghanistan, the military-industrial complex simply shifted theaters—turning Yemen, Iran, and the Red Sea into new frontlines.Each new conflict is marketed as national defense. In reality, it’s business as usual for the Pentagon's global footprint, with American soldiers used as pawns in the government's endless quest to control global markets, prop up foreign regimes, and secure oil, data, and strategic ports—all while being told it’s for liberty.This is how the military-industrial complex, aided and abetted by the likes of Donald Trump, Joe Biden, Barack Obama, George W. Bush, Bill Clinton and others, continues to get rich at taxpayer expense.Yet while the rationale may keep changing for why American military forces are policing the globe, these wars abroad aren’t making America—or the rest of the world—any safer, are certainly not making America great again, and are undeniably digging the U.S. deeper into debt.War spending is bankrupting America.Although the U.S. constitutes only 5% of the world's population, America boasts almost 50% of the world's total military expenditure, spending more on the military than the next 19 biggest spending nations combined.In fact, the Pentagon spends more on war than all 50 states combined spend on health, education, welfare, and safety.The American military-industrial complex has erected an empire unsurpassed in history in its breadth and scope, one dedicated to conducting perpetual warfare throughout the earth.Since 2001, the U.S. government has spent more than $10 trillion waging its endless wars, much of it borrowed, much of it wasted, all of it paid for in blood and taxpayer dollars.Add Yemen and the Middle East escalations of 2025, and the final bill for future wars and military exercises waged around the globe will total in the tens of trillions.Co-opted by greedy defense contractors, corrupt politicians and incompetent government officials, America’s expanding military empire is bleeding the country dry at a rate of more than $32 million per hour.In fact, the U.S. government spent more money every five seconds in Iraq than the average American earns in a year.Talk about fiscally irresponsible: the U.S. government is spending money it doesn’t have on a military empire it can’t afford.Even if we ended the government’s military meddling today and brought all of the troops home, it would take decades to pay down the price of these wars and get the government’s creditors off our backs.As investigative journalist Uri Friedman puts it, for more than 15 years now, the United States has been fighting terrorism with a credit card, “essentially bankrolling the wars with debt, in the form of purchases of U.S. Treasury bonds by U.S.-based entities like pension funds and state and local governments, and by countries like China and Japan.”War is not cheap, but it becomes outrageously costly when you factor in government incompetence, fraud, and greedy contractors. Indeed, a leading accounting firm concluded that one of the Pentagon’s largest agencies “can’t account for hundreds of millions of dollars’ worth of spending.”Unfortunately, the outlook isn’t much better for the spending that can be tracked.A government audit found that defense contractor Boeing has been massively overcharging taxpayers for mundane parts, resulting in tens of millions of dollars in overspending. As the report noted, the American taxpayer paid:$71 for a metal pin that should cost just 4 cents; $644.75 for a small gear smaller than a dime that sells for $12.51: more than a 5,100 percent increase in price. $1,678.61 for another tiny part, also smaller than a dime, that could have been bought within DoD for $7.71: a 21,000 percent increase. $71.01 for a straight, thin metal pin that DoD had on hand, unused by the tens of thousands, for 4 cents: an increase of over 177,000 percent.The fact that such price gouging has become an accepted form of corruption within the American military empire is a sad statement on how little control “we the people” have over our runaway government.Mind you, this isn’t just corrupt behavior. It’s deadly, downright immoral behavior.Americans have thus far allowed themselves to be spoon-fed a steady diet of pro-war propaganda that keeps them content to wave flags with patriotic fervor and less inclined to look too closely at the mounting body counts, the ruined lives, the ravaged countries, the blowback arising from ill-advised targeted-drone killings and bombing campaigns in foreign lands, or the transformation of our own homeland into a warzone.The bombing of Yemen’s Ras Isa port by U.S. forces—killing more than 80 civilians—is just the latest example of war crimes justified as national interest.That needs to change.The U.S. government is not making the world any safer. It’s making the world more dangerous. It is estimated that the U.S. military drops a bomb somewhere in the world every 12 minutes. Since 9/11, the United States government has directly contributed to the deaths of around 500,000 human beings. Every one of those deaths was paid for with taxpayer funds.With the 2025 escalation, those numbers will only rise.The U.S. government is not making America any safer. It’s exposing American citizens to alarming levels of blowback, a CIA term referring to the unintended consequences of the U.S. government’s international activities. Chalmers Johnson, a former CIA consultant, repeatedly warned that America’s use of its military to gain power over the global economy would result in devastating blowback.The 9/11 attacks were blowback. The Boston Marathon Bombing was blowback. The attempted Times Square bomber was blowback. The Fort Hood shooter, a major in the U.S. Army, was blowback.The U.S. military’s ongoing drone strikes will, I fear, spur yet more blowback against the American people.The war hawks’ militarization of America—bringing home the spoils of war (the military tanks, grenade launchers, Kevlar helmets, assault rifles, gas masks, ammunition, battering rams, night vision binoculars, etc.) and handing them over to local police, thereby turning America into a battlefield—is also blowback.James Madison was right: “No nation could preserve its freedom in the midst of continual warfare.” As Madison explained, “Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes... known instruments for bringing the many under the domination of the few.”We are seeing this play out before our eyes.The government is destabilizing the economy, destroying the national infrastructure through neglect and a lack of resources, and turning taxpayer dollars into blood money with its endless wars, drone strikes and mounting death tolls.The nation’s infrastructure is in shambles. Public schools are underfunded. Mental health care is collapsing. Basic needs like housing, transportation, and clean water go unmet. Meanwhile, government contractors drop bombs on third-world villages and call it strategy.This isn’t just bad budgeting. It’s moral bankruptcy. A country that can’t care for its own people has no business policing the rest of the world.Bridges collapse, water systems fail, students drown in debt, and veterans sleep on the streets—while the Pentagon builds runways in the desert and funds proxy wars no one can explain.Clearly, our national priorities are in desperate need of overhauling.We are funding our own collapse. The roads rot while military convoys roll. The power grid fails while the drones fly. Our national strength is being siphoned off to feed a war machine that produces nothing but death, debt, and dysfunction.We don’t need another war. We need a resurrection of the republic.It’s time to stop policing the world. Bring the troops home. Shut down the military bases. End the covert wars. Slash the Pentagon’s budget. The path to peace begins with a full retreat from empire.At the height of its power, even the mighty Roman Empire could not stare down a collapsing economy and a burgeoning military. Prolonged periods of war and false economic prosperity largely led to its demise. As historian Chalmers Johnson predicts:The fate of previous democratic empires suggests that such a conflict is unsustainable and will be resolved in one of two ways. Rome attempted to keep its empire and lost its democracy. Britain chose to remain democratic and in the process let go its empire. Intentionally or not, the people of the United States already are well embarked upon the course of non-democratic empire.This is the “unwarranted influence, whether sought or unsought, by the military-industrial complex” that President Dwight Eisenhower warned us not to let endanger our liberties or democratic processes.Eisenhower, who served as Supreme Commander of the Allied forces in Europe during World War II, was alarmed by the rise of the profit-driven war machine that emerged following the war—one that, in order to perpetuate itself, would have to keep waging war.We failed to heed his warning.As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, war is the enemy of freedom.As long as America’s politicians continue to involve us in wars that bankrupt the nation, jeopardize our servicemen and women, increase the chances of terrorism and blowback domestically, and push the nation that much closer to eventual collapse, “we the people” will find ourselves in a perpetual state of tyranny.In the end, it’s not just the empire that falls. It’s the republic it hollowed out along the way.Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge. Tyler DurdenFri, 06/20/2025 - 22:352d:T1af3,Electricity prices for households have risen quickly and are expected to outpace U.S. inflation in coming years, experts said. There are many supply and demand factors at play. Data centers are a major contributor to greater demand for electricity, while the U.S. also has an aging infrastructure for transmission and distribution of power, experts said. Electricity prices are rising quickly for U.S. households, even as overall inflation has cooled.Electricity prices rose 4.5% in the past year, according to the consumer price index for May 2025 — nearly double the inflation rate for all goods and services.The U.S. Energy Information Administration estimated in May that retail electricity prices would outpace inflation through 2026. Prices have already risen faster than the broad inflation rate since 2022, it said.“It’s a pretty simple story: It’s a story of supply and demand,” said David Hill, executive vice president of energy at the Bipartisan Policy Center and former general counsel at the U.S. Energy Department.There are many contributing factors, economists and energy experts said.At a high level, the growth in electricity demand and deactivation of power-generating facilities are outstripping the pace at which new electricity generation is being added to the electric grid, Hill said.Prices are regionalU.S. consumers spent an average of about $1,760 on electricity in 2023, according to the EIA, which cited federal data from the Bureau of Labor Statistics.Of course, cost can vary widely based on where consumers live and their electricity consumption. The average U.S. household paid about 17 cents per kilowatt-hour of electricity in March 2025 — but ranged from a low of about 11 cents per kWh in North Dakota to about 41 cents per kWh in Hawaii, according to EIA data.Households in certain geographies will see their electric bills rise faster than those in others, experts said.Residential electricity prices in the Pacific, Middle Atlantic and New England regions — areas where consumers already pay much more per kilowatt-hour for electricity — could increase more than the national average, according to the EIA.“Electricity prices are regionally determined, not globally determined like oil prices,” said Joe Seydl, a senior markets economist at J.P. Morgan Private Bank.The EIA expects average retail electricity prices to increase 13% from 2022 through 2025.That means the average household’s annual electricity bill could rise about $219 in 2025 relative to 2022, to about $1,902 from $1,683, according to a CNBC analysis of federal data. That assumes their usage is unchanged.But prices for Pacific area households will rise 26% over that period, to more than 21 cents per kilowatt-hour, EIA estimates. Meanwhile, households in the West North Central region will see prices increase 8% in that period, to almost 11 cents per kWh.However, certain electricity trends are happening nationwide, not just regionally, experts said.Data centers are ‘energy hungry’Elijah Nouvelage | Bloomberg | Getty ImagesThe QTS data center complex under development in Fayetteville, Georgia, on Oct. 17, 2024.Electricity demand growth was “minimal” in recent decades due to increases in energy efficiency, according to Jennifer Curran, senior vice president of planning and operations at Midcontinent Independent System Operator, who testified at a House energy hearing in March. (MISO, a regional electric-grid operator, serves 45 million people across 15 states.)Meanwhile, U.S. “electrification” swelled via use of electronic devices, smart-home products and electric vehicles, Curran said.Now, demand is poised to surge in coming years, and data centers are a major contributor, experts said.Data centers are vast warehouses of computer servers and other IT equipment that power cloud computing, artificial intelligence and other tech applications.More from Personal Finance:How to protect financial assets amid immigration raids, deportation worriesGOP education plan may trigger ‘avalanche of student loan defaults’This credit card behavior is an under-the-radar riskData center electricity use tripled to 176 Terawatt-hours in the decade through 2023, according to the U.S. Energy Department. Use is projected to double or triple by 2028, the agency said.Data centers are expected to consume up to 12% of total U.S. electricity by 2028, up from 4.4% in 2023, the Energy Department said.They’re “energy hungry,” Curran said. Demand growth has been “unexpected” and largely due to support for artificial intelligence, she said.The U.S. economy is set to consume more electricity in 2030 for processing data than for manufacturing all energy-intensive goods combined, including aluminum, steel, cement and chemicals, according to the International Energy Agency.Continued electrification among businesses and households is expected to raise electricity demand, too, experts said. The U.S. has moved away from fossil fuels like coal, oil and natural gas to reduce planet-warming greenhouse-gas emissions.For example, more households may use electric vehicles rather than gasoline-powered cars or electric heat pumps versus a gas furnace — which are more efficient technologies but raise overall demand on the electric grid, experts said.Population growth and cryptocurrency mining, another power-intensive activity, are also contributors, said BPC’s Hill.‘All about infrastructure’Thianchai Sitthikongsak | Moment | Getty ImagesAs electricity demand is rising, the U.S. is also having problems relative to transmission and distribution of power, said Seydl of J.P. Morgan.Rising electricity prices are “all about infrastructure at this point,” he said. “The grid is aged.”For example, transmission line growth is “stuck in a rut” and “way below” Energy Department targets for 2030 and 2035, Michael Cembalest, chairman of market and investment Strategy for J.P. Morgan Asset & Wealth Management, wrote in a March energy report.Shortages of transformer equipment — which step voltages up and down across the U.S. grid — pose another obstacle, Cembalest wrote. Delivery times are about two to three years, up from about four to six weeks in 2019, he wrote.“Half of all US transformers are near the end of their useful lives and will need replacing, along with replacements in areas affected by hurricanes, floods and wildfires,” Cembalest wrote.Transformers and other transmission equipment have experienced the second highest inflation rate among all wholesale goods in the US since 2018, he wrote.Meanwhile, certain facilities like old fossil-fuel powered plants have been decommissioned and new energy capacity to replace it has been relatively slow to come online, said BPC’s Hill. There has also been inflation in prices for equipment and labor, so it costs more to build facilities, he said.2e:T845,Lake Mead Is America's Deadliest National Park On April 13, Arizona Hot Springs and Goldstrike Trails in the Lake Mead National Recreation Area announced the closing of several trails after one death and the rescue of several hikers under extremely hot temperatures.The incident showcases the dangers that National Parks and similar wilderness areas pose to visitors, especially those who come underprepared. Unfortunately, as Statista's Katharina Buchholz reports, events like this aren’t uncommon in U.S. National Parks and National Recreation Areas.You will find more infographics at StatistaAbout 19 people die each year at the Lake Mead National Recreation Area, which is popular for boating, tragically leading to drowning deaths also.Deaths in the area over the years have been a mix of drownings, boat and traffic accidents, medical problems, suicides and even homicides. The Grand Canyon National Park is seeing an average of 12 deaths a year, which can occur due to falls, medical problems, heat, traffic accidents and drowning, among others.National Parks data published by Panish Law shows that the two National Park Service locations between 2007 to 2024 received the questionable honor of being the nation's deadliest National Parks, followed by Yosemite National Park in California and Blue Ridge Parkway in Virginia and North Carolina. In the former, climbing and hiking accidents play a bigger role, while in the latter, deaths are mainly chalked up to traffic accidents.At Golden Gate National Recreation Area, a high number of people die due to rip currents while swimming. Deaths involving the Golden Gate Bridge are excluded.The National Park Foundation suggests to do research before heading out to a park and check conditions and alerts. Visitors should also try and assess their physical limits realistically as well as those of their group. It also pays to have an emergency plan, not rely on cell phone reception, check gear thoroughly, stay together as a group, stay on designated trails and keep your distance from wildlife, the organization suggests. Tyler DurdenFri, 06/20/2025 - 22:102f:T1266,New home demand in Chinese urban cities will remain suppressed at below 5 million units per year. Shrinking population, stagnant incomes and a glut of unsold homes continue to hammer homebuyer and investor sentiment. The demographic shift is also rippling through housing markets adjacent to good schools.China’s real estate sector has grappled with a deepening downturn for years. Now a shrinking population is casting another shadow over the stagnant property market.Goldman Sachs estimates that demand for new homes in Chinese urban cities will remain suppressed at under 5 million units per year in the coming years — one fourth of the peak of 20 million units in 2017.“Falling population and slowing urbanization suggest decreasing demographic demand for housing” in the coming years, Goldman Sachs economists said in a note Monday.The country’s population is estimated to fall to below 1.39 billion by 2035 from 1.41 billion, according to World Bank’s latest data, said Tianchen Xu, senior economist at Economist Intelligence Unit, citing a combination of fewer newborns and more deaths from an ageing population.Shrinking population will cripple home demand by 0.5 million units every year in the 2020s and a lead to a bigger dent of 1.4 million units annually in the 2030s, Goldman Sachs estimates, compared to the positive contribution of 1.5 million units in the 2010s when population was on a steady rise.Fertility rate in the country has continued to fall even after Beijing relaxed its one-child policy in 2016, and despite Beijing’s efforts to incentivize child-bearing via cash incentives. Stagnant incomes, instability over job prospects and a poor social security system have dissuaded Chinese young people from having more babies.Beijing’s pronatalist policies will likely have “limited effect” as they do not address the deep-rooted issues, Xu said, such as high economic costs for child-bearing and people’s tendency to postpone marriage for career progression and “an embrace of individuality.”Underscoring the declining birth rates, nearly 36,000 kindergartens across the country closed down over the past two years, with the number of students in preschools falling by over 10 million. That’s according to CNBC’s calculation of the official data released the Ministry of Education. Similarly, the number of elementary schools dropped by nearly 13,000 between 2022 and 2024.That is rippling through school-adjacent housing markets that once saw inflated prices on the back of strong demand for better public schools.The once-sizable premium was fueled by access to elite schools and expectations of rising property values. But with a shrinking population and local governments scaling back district-based enrollment policies, the added value of these homes has started diminishing, according to William Wu, China property analyst at Daiwa Capital Markets. A mother of a 7-year-old boy in Beijing told CNBC that the price of her apartment had fallen by about 20% from over two years ago when she bought it. It cost her roughly twice the average price for an apartment in the city, so that her son could attend a good elementary school.The number of children entering primary school in 2023 reached the highest level in over two decades, according to Wind Information, before dropping in 2024, the year her son enrolled.Steeper slumpThat demographic shift is an additional overhang to the property market, which has struggled to emerge from a painful downturn since late 2020. Despite a raft of central and local government measures since last September, the real estate slump has shown little sign of abating.New home prices fell at their fastest pace in seven months in May, according to Larry Hu, chief China economist at Macquarie, extending a two-year stagnation, despite the government efforts aimed at arresting the decline.New home sales in 30 major cities fell by 11% year on year in the first half of this month, worsening from the 3% drop in May, Hu said.“Holders of investment properties are likely to be net sellers (to owner-occupiers) for the foreseeable future,” over expectations that home prices will continue to fall, Goldman Sachs estimates.While Goldman expects the rise in China’s urbanization rate to temper in the coming years, hurting urban housing demand, Wu said demographic drag on the property market was not yet “imminent” and may take decades to play out.In the nearer term, “some of this decline will be offset by continued urbanization, and housing upgrade demand,” Wu said, as the latter would account for an increasing share of China’s total housing demand.— CNBC’s Evelyn Cheng contributed to this story.30:T5493,The Coward's Bargain: How We Taught A Generation To Live In Fear Authored by Josh Stylman via Substack,Everyone's Afraid to SpeakSomeone our family has known forever recently told my sister that they've been reading my Substack and that if they wrote the things I write, people would call them crazy. I got a kick out of that—not because it's untrue, but because it reveals something darker about where we've ended up as a society. Most people are terrified of being themselves in public.My sister’s response made me laugh: "People do call him crazy. He simply doesn't care.” The funniest part is that I don't even write the craziest stuff I research—just the stuff I can back up with sources and/or my own personal observations. I always try to stay rooted in logic, reason and facts though—I'm clear when I'm speculating and when I'm not.This same guy has sent me dozens of private messages over the last 4 or 5 years challenging me on stuff I share online. I'll respond with source material or common sense, and then—crickets. He disappears. If I say something he doesn’t want to hear, he vanishes like a child covering his ears. Over the last few years, I’ve been proven right about most of what we’ve argued about, and he’s been wrong. But it doesn’t matter—he’s got the memory of a gnat and the pattern never changes.But he'd never make that challenge publicly, never risk being seen engaging with my arguments where others might witness the conversation. This kind of private curiosity paired with public silence is everywhere—people will engage with dangerous ideas in private but never risk being associated with them publicly. It's part of that reflexive "that can't be true" mindset that shuts down inquiry before it can even begin.But he's not alone. We've created a culture where wrongthink is policed so aggressively that even successful, powerful people whisper their doubts like they're confessing crimes.I was on a hike last year with a very prominent tech VC. He was telling me about his son's football team—how their practices kept getting disrupted because their usual field on Randall's Island was now being used to house migrants. He leaned in, almost whispering: "You know, I'm a liberal, but maybe the people complaining about immigration have a point." Here's a guy who invests mountains of money into companies that shape the world we live in, and he's afraid to voice a mild concern about policy in broad daylight. Afraid of his own thoughts.After I spoke out against vaccine mandates, a coworker told me he totally agreed with my position—but he was angry that I'd said it. When the company didn't want to take a stand, I told them I would speak as an individual—on my own time, as a private citizen. He was pissed anyway. In fact, he was scolding me about the repercussions to the company. What's maddening is that this same person had enthusiastically supported the business taking public stands on other, more politically fashionable causes over the years. Apparently, using your corporate voice was noble when it was fashionable. Speaking as a private citizen became dangerous when it wasn’t.Another person told me they agreed with me but wished they were "more successful like me" so they could afford to speak out. They had "too much to lose." The preposterousness of this is staggering. Everyone who spoke out during COVID sacrificed—financially, reputationally, socially. I sacrificed plenty myself.But I'm no victim. Far from it. Since I was a young man, I've never measured achievement by finance or status—my benchmark for being a so-called successful person was owning my own time. Ironically, getting myself canceled was actually a springboard to that. For the first time in my life, I felt I'd achieved time ownership. Whatever I’ve achieved came from being raised by loving parents, working hard, and having the spine to follow convictions rationally. Those attributes, coupled with some great fortune, are the reason for whatever success I've had—they're not the reason I can speak now. Maybe this person should do some inward searching about why they're not more established. Maybe it's not about status at all. Maybe it's about integrity.This is the adult world we've built—one where courage is so rare that people mistake it for privilege, where speaking your mind is seen as a luxury only the privileged can afford, rather than a fundamental requirement for actually becoming established.And this is the world we're handing to our children.We Built the Surveillance State for ThemI remember twenty years ago, my best friend's wife (who's also a dear friend) was about to hire someone when she decided to check the candidate's Facebook first. The woman had posted: “Meeting the whores at [company name]”—referring to my friend and her coworkers. My friend immediately withdrew the offer. I remember thinking this was absolutely terrible judgment on the candidate's part, however it was dangerous territory we were entering: the notion of living completely in public, where every casual comment becomes permanent evidence.Now that danger has metastasized into something unrecognizable. We've created a world where every stupid thing a fifteen-year-old says gets archived forever. Not just on their own phones, but screenshot and saved by peers who don't understand they're building permanent files on each other—even on platforms like Snapchat that promise everything disappears. We've eliminated the possibility of a private adolescence—and adolescence is supposed to be private, messy, experimental. It's the laboratory where you figure out who you are by trying on terrible ideas and throwing them away.But laboratories require the freedom to fail safely. What we've built instead is a system where every failed experiment becomes evidence in some future trial.Think about the dumbest thing you believed at sixteen. The most embarrassing thing you said at thirteen. Now imagine that moment preserved in high definition, timestamped, and searchable. Imagine it surfacing when you're thirty-five and running for school board, or just trying to move past who you used to be.If there was a record of everything I did when I was sixteen, I would have been unemployable. Come to think of it, I'm way older than that now and I'm unemployable anyway—but the truth still stands. My generation might have been the last to fully enjoy an analog existence as children. We got to be stupid privately, to experiment with ideas without permanent consequences, to grow up without every mistake being archived for future use against us.I remember teachers threatening us with our "permanent record." We laughed—some mysterious file that would follow us forever? Turns out they were just early. Now we've built those records and handed the recording devices to children. Companies like Palantir have turned this surveillance into a sophisticated business model.We're asking children to have adult judgment about consequences they can't possibly understand. A thirteen-year-old posting something stupid isn't thinking about college applications or future careers. They're thinking about right now, today, this moment—which is exactly how thirteen-year-olds are supposed to think. But we've built systems that treat childhood immaturity as a prosecutable offense.The psychological toll is staggering. Imagine being fourteen and knowing that anything you say might be used against you by people you haven't met yet, for reasons you can't anticipate, at some unknown point in the future. That's not adolescence—that's a police state built out of smartphones and social media.The result is a generation that's either paralyzed by self-consciousness or completely reckless because they figure they're already screwed. Some retreat into careful blandness, crafting personas so sanitized they might as well be corporate spokespeople for their own lives. Others go scorched earth—if everything's recorded anyway, why hold back? As my friend Mark likes to say, there's Andrew Tate and then there's a bunch of incels—meaning the young men either become performatively brash and ridiculous, or they retreat entirely. The young women seem to either drift toward fearful conformity or embrace monetized exposure on platforms like OnlyFans. We’ve managed to channel an entire generation’s rebellion into the very systems designed to exploit them.The COVID Conformity TestThis is how totalitarian thinking takes root—not through jackbooted thugs, but through a million small acts of self-censorship. When a venture capitalist whispers his concerns about immigration policy like he's confessing to a thought crime. When successful professionals agree with dissenting views privately but would never defend them publicly. When speaking obvious truths becomes an act of courage rather than basic citizenship.Orwell understood this perfectly. In 1984, the Party's greatest achievement wasn't forcing people to say things they didn't believe—it was making them afraid to believe things they weren't supposed to say. "The Party seeks power entirely for its own sake," O'Brien explains to Winston. "We are not interested in the good of others; we are interested solely in power." But the real genius was making citizens complicit in their own oppression, turning everyone into both prisoner and guard.History shows us how this works in practice. The Stasi in East Germany didn't just rely on secret police—they turned ordinary citizens into informants. By some estimates, one in seven East Germans was reporting on their neighbors, friends, even family members. The state didn't need to watch everyone; they got people to watch each other. But the Stasi had limitations: they could recruit informants, but they couldn't monitor everyone simultaneously, and they couldn't instantly broadcast transgressions to entire communities for real-time judgment.Social media solved both problems. Now we have total surveillance capability—every comment, photo, like, and share automatically recorded and searchable. We have instant mass distribution—one screenshot reaching thousands in minutes. We have volunteer enforcement—people eagerly participating in calling out "wrongthink" because it feels righteous. And we have permanent records—unlike Stasi files locked in archives, digital mistakes follow you forever.The psychological impact is exponentially worse because Stasi informants at least had to make a conscious choice to report someone. Now the reporting happens automatically—the infrastructure is always listening, always recording, always ready to be weaponized by anyone with a grudge or a cause.We saw this machinery in full operation during COVID. Remember how quickly "two weeks to flatten the curve" became orthodoxy? How questioning lockdowns, mask mandates, or vaccine efficacy wasn't just wrong—it was dangerous? How saying "maybe we should consider the trade-offs of closing schools" could get you labeled a grandma-killer? The speed at which dissent became heresy was breathtaking.History has shown us governments can be terrible to citizens. The hardest pill to swallow was the horizontal policing. Your neighbors, coworkers, friends, and family members became the enforcement mechanism. People didn't just comply; they competed—virtue-signaling their way into a collective delusion where asking basic questions about cost-benefit analysis became evidence of moral deficiency. Neighbors called police on neighbors for having too many people over. People photographed "violations" and posted them online for mass judgment.And the most insidious part? The people doing the policing genuinely believed they were the good guys. They thought they were protecting society from dangerous misinformation, not realizing they had become the misinformation—that they were actively suppressing the kind of open inquiry that's supposed to be the foundation of both science and democracy.The Ministry of Truth didn't need to rewrite history in real time. Facebook and Twitter did it for them, memory-holing inconvenient posts and banning users who dared to share pre-approved scientific studies that happened to reach unapproved conclusions. The Party didn't need to control the past—they just needed to control what you were allowed to remember about it.This wasn't an accident or an overreaction. This was a stress test of how quickly a free society could be transformed into something unrecognizable, and we failed spectacularly. Anyone who actually followed the science understood the only pandemic was one of cowardice. Worse, most people didn't even notice we were being tested. They thought they were just "following the science"—never mind that the data kept changing to match the politics, or that questioning anything had somehow become heretical.The beautiful thing about this system is that it's self-sustaining. Once you've participated in the mob mentality, once you've policed your neighbors and canceled your friends and stayed silent when you should have spoken up, you become invested in maintaining the fiction that you were right all along. Admitting you were wrong isn't just embarrassing—it's an admission that you participated in something monstrous. So instead, you double down. You disappear when confronted with inconvenient facts.Raising PrisonersAnd this brings us back to the children. They're watching all of this. But more than that—they're growing up inside this surveillance infrastructure from birth. The Stasi's victims at least had some years of normal psychological development before the surveillance state kicked in. These kids never get that. They're born into a world where every thought might be public, every mistake permanent, every unpopular opinion potentially life-destroying.The psychological impact is devastating. Research shows that children who grow up under constant surveillance—even well-meaning parental surveillance—show higher rates of anxiety, depression, and what psychologists call "learned helplessness." They never develop internal locus of control because they never get to make real choices with real consequences. But this goes far deeper than helicopter parenting.The ability to hold unpopular opinions, to think through problems independently, to risk being wrong—these aren't just nice-to-haves. They're core to psychological maturity. When you eliminate those possibilities, you don't just get more compliant people; you get people who literally can't think for themselves anymore. They outsource their judgment to the crowd because they never developed their own.We're creating a generation of psychological cripples—people who are practiced at reading social cues and adjusting their thoughts accordingly, but who have never learned to form independent judgments. People who mistake consensus for truth and popularity for virtue. People who have been so thoroughly trained to avoid wrong-think that they've either lost—or never developed—the capacity for original thought entirely.But here's what's most disturbing: the kids are learning this behavior from us. They're watching adults who whisper their real thoughts, who agree privately but stay silent publicly, who confuse strategic silence with wisdom. They're learning that authenticity is dangerous, that having real convictions is a luxury they can't afford. They're learning that truth is negotiable, that principles are disposable, and that the most important skill in life is reading the room and adjusting your thoughts accordingly.The feedback loop is complete: adults model cowardice, children learn that genuine expression is risky, and everyone becomes practiced at self-censorship rather than self-examination. We've created a society where the Overton window isn't just narrow—it's actively policed by people who are terrified of stepping outside it, even when they privately disagree with its boundaries.This is the architecture of soft totalitarianism. Just the constant, gnawing fear that saying the wrong thing—or even thinking it too loudly—will result in social death. The beauty of this system is that it makes everyone complicit. Everyone has something to lose, so everyone stays quiet. Everyone remembers what happened to the last person who spoke up, so nobody wants to be next.The technology doesn't just enable this tyranny; it makes it psychologically inevitable. When the infrastructure punishes independent thinking before it can fully form, you get psychological arrested development on a mass scale.It’s already baked into education and employment through DEI and ESG. Wait till it's baked into the monetary system. Maybe they're just connecting us to the Borg anyway?We're passing this pathology down to our children like a genetic disorder. Except this disorder isn't inherited—it's enforced. And unlike genetic disorders, this one serves a purpose: it creates a population that's easy to control, easy to manipulate, easy to lead around by the nose as long as you control the social rewards and punishments.The Price of TruthI don't share my opinions because I "get away with it"—I don't get away with anything. I've paid socially, professionally, and even financially. But I do it anyway because the alternative is spiritual death. The alternative is becoming someone who messages critics privately but never takes a public stand, someone who's perpetually annoyed by others' courage but never exercises their own.The difference isn't ability or privilege. It's willingness. I'm open-minded and open-hearted. I can be convinced of anything—but show me, don't tell me. I'm willing to be wrong, willing to change my mind when new information comes to light or I gain a different perspective on an idea, willing to defend ideas I believe in even when it's uncomfortable.There are a lot of us right now realizing something isn't right—that we've been lied to about everything. We're trying to make sense of what we're seeing, asking uncomfortable questions, connecting dots that don't want to be connected. When we call that out, the last thing we need is people who haven't done the work standing in our way, carrying water for the establishment forces that are manipulating them.Most people could do the same thing if they chose to—they just don't choose to because they've been trained to see conviction as dangerous and conformity as safe.A 2020 Cato Institute survey found that 62% of Americans say the political climate prevents them from sharing their political beliefs because others might find them offensive. Majorities of Democrats (52%), independents (59%), and Republicans (77%) all agree they have political opinions they are afraid to share.When adults who lived through COVID saw what happens when groupthink becomes gospel—how quickly independent thought gets labeled dangerous, how thoroughly dissent gets suppressed—many responded not by becoming more committed to free expression, but by becoming more careful about what they express. They learned the wrong lesson.What we're creating is a society where authenticity has become a radical act, where courage is so rare it looks like privilege. We're raising children who learn that being yourself is dangerous, that having real opinions carries unlimited downside risk. They're not just careful about what they say—they're careful about what they think.This doesn't create better people. It creates more fearful people. People who mistake surveillance for safety, conformity for virtue, and silence for wisdom. People who've forgotten that the point of having thoughts is sometimes to share them, that the point of having convictions is sometimes to defend them.The solution isn't to abandon technology or retreat into digital monasteries. But we need to create spaces—legal, social, psychological—where both kids and adults can fail safely. Where mistakes don't become permanent tattoos. Where changing your mind is seen as growth rather than hypocrisy. Where having convictions is valued over having clean records.Most importantly, we need adults who are willing to model courage instead of strategic silence—who understand that the price of speaking up is usually less than the price of staying quiet. In a world where everyone's afraid to say what they think, the honest voice doesn't just stand out—it stands up.Because right now, we're not just living in fear—we're teaching our children that fear is the price of participation in society. And a society built on fear isn't a society at all. It's just a more comfortable prison, one where the guards are ourselves and the keys are our own convictions, which we've learned to keep safely locked away.Whether it's experimental medicine or the masters of war lying again to drag us into what might become World War III—it's PSYOP season—it's never been more important that people find their conviction, use their voice, and become a force for good. If you're still scared to push back against war propaganda, still getting swept up in manufactured outrage cycles, still choosing your principles based on which team is in power—then you may have learned absolutely nothing from the last few years.These days, friends are starting to confide in me that maybe I was right about the mRNA vaccines not working. I don't gloat—in fact, I appreciate the openness. But my standard reply is that they're four years late to the story. They'll know they've caught up when they realize the world is run by a bunch of satanic pedophiles. And yeah, I used to think that sounded crazy too. Tyler DurdenFri, 06/20/2025 - 21:4531:T14e4,U.S. futures slipped Thursday evening stateside. Asia-Pacific markets climbed Friday. Earlier this year, Meta tried to acquire Safe Superintelligence, the artificial intelligence startup launched by OpenAI co-founder Ilya Sutskever, sources said. Japan’s core inflation rate climbed to 3.7% in May, the highest since January 2023 and more than the 3.6% expected by economists polled by Reuters. Shares of Pop Mart, the toymaker behind the smash hit Labubu, continued to tumble Friday as state media criticized the “blind box” concept. Airbus had racked up nearly $21 billion of orders at the Paris Air Show as of Thursday morning, per a Reuters calculation. Since May 3, when Warren Buffett announced his plans to step down as CEO, Berkshire Hathaway stock has lost more than 10%.The conflict between Israel and Iran is intensifying, with both countries not backing down from strikes and their leaders continuing to issue heated rhetoric. The prospect of the United States potentially joining the fray — which Russia warned would cause “a terrible spiral of escalation” — is putting the world on a knife’s edge.That unease is reflected in the markets. While U.S. exchanges were closed Thursday for a holiday, futures retreated in the evening local time. Across the Atlantic, travel and leisure stocks suffered the most as the Middle East conflict cast a shadow over international aviation.At the Paris Air Show, however, aircraft manufacturers are still booking billions in orders. Airbus had secured more than $20 billion in deals as of Thursday, according to Reuters calculations. That said, those encouraging numbers may not reflect immediate optimism about the global economy or geopolitics — aircrafts take years to deliver, and both Airbus and Boeing have a backlog of more than 8,000 and 5,000 aircrafts respectively.Until investors get a clearer sense of whether the U.S. will launch strikes on Iran, markets aren’t likely to find solid ground.— Yeo Boon PingWhat you need to know todayU.S. futures slip after trading reopensU.S. futures slipped Thursday evening stateside. Regular trading in the U.S. was closed for the Juneteenth holiday. While, oil prices for both U.S. crude oil rose, international benchmark Brent fell nearly 3%. Asia-Pacific markets rose Friday. China’s CSI 300 added 0.26% at 1:30 p.m. Singapore time, as the country’s central bank kept its benchmark lending rates unchanged.Meta tried to buy OpenAI co-founder’s startupEarlier this year, Meta tried to acquire Safe Superintelligence, the artificial intelligence startup launched by OpenAI co-founder Ilya Sutskever, according to sources familiar with the matter. Sutskever turned down Meta and its attempt to hire him, the sources said. But Daniel Gross, the startup’s CEO, and former GitHub CEO Nat Friedman will join Meta as part of Mark Zuckerberg’s deal with NFDG, a venture capital firm both men run.Inflation in Japan highest in two yearsRice prices in Japan more than doubled in May, spiking 101.7% year over year and marking their largest increase in over half a century. The surge in rice prices comes as Japan’s annual core inflation rate, which excludes fresh food costs, climbed to 3.7% in May, the highest since January 2023 and more than the 3.6% expected by economists polled by Reuters.Labubu-maker’s shares slumpHong Kong-listed shares of Pop Mart, the toymaker behind the smash hit Labubu, continued to tumble Friday. Pop Mart first gained popularity with its “blind box” concept, a business model criticized by People’s Daily, the Chinese Communist Party’s official newspaper, on Friday. Morgan Stanley said in a note late Wednesday it was replacing Pop Mart with insurance company PICC P&C in the firm’s China and Hong Kong focus list.Airbus stole the show in ParisAirbus dominated the order books at the Paris Air Show. The European aircraft manufacturer had racked up nearly $21 billion of orders as of Thursday morning, per a Reuters calculation. That included 132 firm orders on Monday, from customers including Saudi leasing firm AviLease, Japan’s ANA and Poland’s LOT, versus 41 for Boeing and 15 for Brazil’s Embraer, according to a tally by aviation advisory IBA.[PRO] Berkshire stocks drop without BuffettWarren Buffett once predicted that Berkshire Hathaway stock would rise when he eventually steps down. So far, the opposite has happened. Since May 3, when the “Oracle of Omaha” announced his plans to hand over the reins, Berkshire stock has lost more than 10%, underperforming the S&P 500 by about 15 percentage points. Some think it could fall even more.And finally...Nurphoto | Nurphoto | Getty ImagesA Lenskart shop in Kolkata, India.Is India’s hot IPO market cooling, or is it a blip?Twelve months ago, India’s initial public offering market was booming, with tech startups from food and grocery delivery player Swiggy to electric two-wheeler manufacturer Ola Electric at the cusp of their debut.This year, however, there has been a pronounced change. There have been just 99 listings so far, down from 147 in the same period a year ago, according to FactSet data.Several companies have put their listing plans on hold given weak investor sentiment and the bleak macroeconomic outlook, despite having received approval from the Securities and Exchange Board of India.32:T1001,Although the Federal Reserve hasn’t changed its benchmark since December, the average credit card interest rate keeps inching higher. In part, card issuers are trying to protect themselves from riskier borrowers.Emirmemedovski | E+ | Getty ImagesEven with the Federal Reserve on the sidelines, credit card rates are edging higher.In June, credit card interest rates rose for the third straight month, hitting the highest level since December, according to a recent report by LendingTree.Now, the average annual percentage rate is just over 20%, according to Bankrate. For new cards, the average APR is up to 24.3%, according to LendingTree.“These are crippling rates that are compounding your debt at such a fast clip,” said certified financial planner Clifford Cornell, an associate financial advisor at Bone Fide Wealth in New York City. Here’s a look at other stories affecting the financial advisor business. 3 key money moves to consider while the Fed keeps interest rates higherThe average 401(k) savings rate hit a record high. See if you’re on trackAmericans believe real estate, gold are the best long-term investmentsCredit card rates stayed stable for years after the introduction of the Credit CARD Act, which passed in 2009, but shot up after the Fed started raising rates in 2015. In the decade since, APRs roughly doubled from 12% to where they stand today.Most credit cards have a variable rate so there’s a direct connection to the Fed’s benchmark.It follows that credit card rates spiked again along with the central bank’s string of 11 rate hikes starting in March 2022.Although the Fed cut its key borrowing rate benchmark three times in 2024 and has held its benchmark steady since December, banks continued to raise credit card interest rates to record levels — and some issuers said they’ll keep those higher rates in place.“This unfortunate trend could continue in coming months,” said Matt Schulz, LendingTree’s chief credit analyst.Why some APRs are still risingCard issuers are mitigating their exposure against borrowers who may fall behind on payments or default, according to Schulz. “This is a sign of banks trying to protest themselves from the risk that is out there in these uncertain times,” he said.But it’s also a two-way street. “When there is uncertainty in the market, this often results in consumers seeking new credit to ensure they are prepared for any future financial hurdles,” said Charlie Wise, senior vice president and head of global research and consulting at TransUnion. That also has the effect of driving issuers to increase APRs.“If more balances in the hands of riskier borrowers, those rates will trend higher,” Wise said.How to avoid sky-high interest chargesOnly consumers who carry a balance from month to month feel the pain of high APRs. And higher APRs only kick in for new loans, not old debts, as in the case of new applicants for credit cards.But for those currently struggling with sky-high interest charges, even an eventual Fed rate cut may not provide much relief.“The reality is you could drop the fed funds rate by two full basis points and all you are doing is lowering your interest rate from 22% to 20%,” Wise said — “that’s not a material difference.”Rather than wait for a rate cut that may be months away, borrowers could switch now to a zero-interest balance transfer credit card or consolidate and pay off high-interest credit cards with a lower-rate personal loan, Schulz advised.“The truth is that people have way more power over the rates they pay than they think they do, especially if they have good credit,” Schulz said.The better your credit, the lower the rate you may get offered for a new card account.Cardholders who pay their balances in full and on time and keep their utilization rate — or the ratio of debt to total credit — below 30% of their available credit, can also benefit from credit card rewards and a higher credit score, experts say. That paves the way to lower-cost loans and better terms going forward.Subscribe to CNBC on YouTube.33:T11e5,Liquidity Floodgates Open As 3 Central Banks Unexpectedly Cut Rates In Under 24 Hours Trump has repeatedly expressed his displeasure with the ECB cutting rates 8 times since the end of the central bank's hiking cycle one year ago; he certainly won't be happy that three other European central banks joined the easing fray overnight as the global economy once again careens toward the abyss.In the span of less than 24 hours, three rate cuts by three central banks in Europe underscored the dramatic global shift toward policy easing as monetary officials seek to manage "the fallout from Trump’s unpredictable trade policies" as Bloomberg puts it, but really that's just a diversion for the real cause: global economic slowdown now that the last traces of stimulus from the post-covid monetary and fiscal bonanza fade away.Central bankers in Switzerland and Sweden had suggested as recently as March that they were likely done easing, but the Swiss National Bank instead trimmed borrowing costs by 25 basis points on Thursday - and becoming the first major bank to cut rates back to zero (and in some cases, negative) - following a similar move by Sweden’s Riksbank a day earlier. And an easing pivot by Norway, also on Thursday, was altogether more dramatic, with another quarter-point cut that none of the economists surveyed by Bloomberg predicted.With policy decisions from at least 18 central banks managing more than 40% of the global economy scheduled for this week, the easing across much of Europe contrasted with a wait-and-see approach predominating around the world. Also on Thursday, the Bank of England held rates but the much more dovish than expected decision (6-3 voted to keep rates unchanged, while expectations were for a 7-2 split) sent the pound sliding. Meanwhile, the Federal Reserve, and Bank of Japan both held, the first however because it has a political vendetta against Trump...The day is August 27, 2019. Former NY Fed president Bill Dudley writes a Bloomberg oped saying "the Fed shouldn't enable Donald Trump" and urged the central bank not to "provide offsetting stimulus" in Trump's trade war with China.Six years later, here we are pic.twitter.com/H6WT5O0cMD— zerohedge (@zerohedge) April 11, 2025... and the second because it has no idea how to grow rice anymore and the local population has been crushed by surging food prices which somehow a stronger yen is expected to make better. All that comes against the backdrop of a July 9 deadline that could see the US reintroduce punitive trade tariffs across the world. Combined with continued uncertainty over the war in Ukraine and a potential US strike on Iran, it’s left some policymakers unwilling or unable to move.Meanwhile, the reasons for the rate cuts in Sweden, Norway and Switzerland are all linked to inflation, even if the situations diverge.Swiss consumer prices fell 0.1% from a year ago in May and new SNB forecasts published Thursday show inflation will average just 0.2% this year. That’s primarily due to the haven franc, which has appreciated against the dollar and euro since Trump took office.Price pressure in Sweden, whose currency has soared against the dollar in 2025, has eased after a temporary spike at the start of the year and as a nascent rebound in the largest Nordic nation has fizzled out. That’s allowing space for more stimulus, Riksbank Governor Erik Thedeen said Wednesday.The krona has been the best performer this year in the G-10 of major currency holders, surging 15% against the dollar, and also helping to reduce the risk of imported inflation.In Norway, price growth has been stickier over the last year, partly due to a weaker performance of the krone. Even so, the local core CPI last month matched this year’s lowest level, at 2.8%. The Norwegian central bank now sees headline price growth next year at 2.2%, down from 2.7% seen in March, while this year’s inflation is still seen at 3%.The three institutions are also at very different stages in their policy paths: Norway’s Thursday move is its first post-pandemic reduction in borrowing costs, while Sweden and Switzerland carried out their seventh and six moves respectively. Uniting them, however, is the fact that they all may cut again. Riksbank’s Thedeen and Norges Bank Governor Ida Wolden Bache both told reporters as much, while SNB President Martin Schlegel wouldn’t exclude such an option, even if that would push the Swiss rate into negative territory.Which again begs the question: just how deflationary are tariffs anyway? 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