US Officials Suspect Iran Used Chinese Missile To Bring Down F-15E Warplane: Report
U.S. officials say a Chinese‑made shoulder‑fired MANPAD was likely used by Iran to shoot down an F‑15E Strike Eagle over southwestern Iran last month. The incident marks the first acknowledged enemy‑fire shootdown of a U.S. jet in decades, prompting a two‑day Pentagon rescue effort for the two‑pilot crew. Intelligence also suggests Beijing may have supplied Iran with advanced early‑warning radar, while China denies any illicit arms transfers. The episode revives concerns over Chinese military exports to Tehran and their impact on regional stability.
Berkshire Buys Taylor Morrison For $6.8 Billion In First Big Deal Under Greg Abel
Berkshire Hathaway announced an all‑cash acquisition of homebuilder Taylor Morrison for approximately $6.8 billion, paying $72.50 per share—a 24% premium to the prior close. The deal, expected to close in the second half of 2026, leaves Berkshire with roughly $390 billion in...
The Market's Biggest Buyer May Be Disappearing
Retail investors, long the engine of market gains, are now cash‑strapped as credit‑card balances hit a record $1.25 trillion and delinquency rates rose to 13.1% in Q1, the highest in 15 years. Average credit‑card interest rates have surged to roughly 21%,...
Green Retreat: California Eases Carbon-Market Costs For Oil Refiners
California’s Air Resources Board approved up to $4 billion in free carbon allowances for oil refiners, easing the state’s cap‑and‑invest program. The move follows AAA data showing California gasoline prices above $6 per gallon, far higher than the national $4.36 average....
How A 24 Mile Fence Once Divided California's North Coast And Sparked A Four Year Political Fight
Christo and Jeanne‑Claude’s “Running Fence” was a 24‑mile, 18‑foot high white nylon installation that stretched across Sonoma and Marin counties in 1976. After four years of planning, the project demanded over 2,000 steel poles, hundreds of workers, and an extensive...
Iranian Opposition News Outlet Got $800 Million In Debt Relief: Report
Iran International, a London‑based Persian‑language news channel, secured an $870 million debt‑for‑equity swap that effectively provides $800 million of debt relief. The deal reveals ties to Saudi‑backed investors through Volant Media’s parent, Info‑Cast Cayman, controlled by a senior SRMG executive. Volant Media...
'We Outright Grabbed The Wallets': Bessent Boasts $1BN In Iran State Crypto Seized To Date
U.S. Treasury Secretary Scott Bessent announced that the United States has seized $1 billion in Iranian cryptocurrency assets, bringing the cumulative total seized under Operation Epic Fury to $1 billion. The tally includes a $344 million USDT freeze on the Tron blockchain in April 2026...
US Service Members Targeted Via Commercial Location Data, Pentagon Tells Senators
The Pentagon confirmed that adversaries are exploiting commercially‑available location data to surveil and potentially target U.S. service members deployed in the Middle East. A threat‑fusion cell within U.S. Central Command has logged multiple reports of such exploitation, prompting a briefing...
Russian Fuel Tanker Aborts Cuba Delivery After Drifting In Caribbean For A Month
The Russian‑flagged tanker Universal, carrying about 270,000 barrels of diesel and subject to U.S. and EU sanctions, left Russia in April under a rare military escort. After entering the Atlantic, the ship drifted for nearly a month in the Sargasso...
Solid 5Y Auction Despite 12th Consecutive Tail, Thanks To Stellar Foreign Demand
The Treasury auctioned $70 bn of 5‑year notes at a 4.182% high yield, the highest since Jan 2025. The sale recorded a 0.1‑bp tail, marking the 12th consecutive tail for the tenor, the longest streak on record. Bid‑to‑cover stood at 2.34, matching...
Tulsi Gabbard To Go Nuclear On Deep State Before Leaving ODNI
Tulsi Gabbard announced she will step down as the President’s Director of National Intelligence on June 30 to care for her husband, who is battling a rare bone cancer. During her brief tenure she overhauled the intelligence community, revoking clearances,...
One Key Signal Says Rate Hikes Could Be Coming
Bond markets are signaling a shift away from expected rate cuts toward possible further tightening. The spread between 5‑year and 30‑year Treasury yields compressed to 81 basis points, the narrowest in about a year, as short‑end yields climb. Traders now...
Energy Drinks Become Latest Casualty As Fuel Shock Shifts Consumer Behavior
Energy drink sales in the United States slowed sharply to mid‑single‑digit year‑over‑year growth in May 2026, a stark drop from the double‑digit expansion seen earlier in the year. The deceleration aligns with gasoline prices remaining above the $4‑per‑gallon mark for...
Key Events This Holiday-Shortened Week: PCE, Durables, Consumer Confidence And Fed Speakers
This week’s economic calendar is dominated by U.S. inflation data, with the April personal consumption expenditures (PCE) price index slated for Thursday and a modest rise in durable‑goods orders expected. Fed officials, including Vice Chair Jefferson and Dallas President Logan,...
Dr. Oz Fires Back After Joy Behar's TrumpRx Meltdown
President Trump announced that the TrumpRx website will now list more than 600 generic medications, thanks to new deals with Amazon Pharmacy, GoodRx and Mark Cuban’s Cost Plus Drugs. The expansion is framed as a response to rising out‑of‑pocket costs after...