Author: Press Room

The Asian nation is oversupplying the global market in order to eliminate competition, the under secretary of state claims China is oversupplying lithium to the global market and undermining prices in order to secure a dominant supply position for the critical metal, a senior US official has claimed, according to Reuters.Jose Fernandez, the under secretary for economic growth, energy and the environment at the US Department of State, made the claims late Monday during a visit to Portugal – Europe’s biggest lithium producer.Fernandez told a briefing that China was producing much more lithium “than the world needs today, by far.”“That…

European bourses are mostly lower and US futures trade tentatively ahead of US CPI.DXY is flat, JPY outperforms following hawkish BoJ Himino commentary.USTs are modestly lower potentially pressured by FOMC Minutes/30yr concession; Gilts lag after IFS analysis.Crude is firmer, XAU gains and holds comfortably above USD 2600/oz and base metals are mostly in the green.Looking ahead, US CPI, Initial Jobless Claims, US Federal Budget, NZ Manufacturing PMI, Chinese M2 Money Supply, ECB Minutes, Tesla Robotaxi Event, AMD AI Event, Speakers including Fed’s Cook, Barkin & Williams, Supply from US, Earnings from Delta.More Newsquawk in 3 steps:1. Subscribe to the free premarket…

Screenshot, President Trump Shot, July 14, 2024, From X, https://x.com/i/status/1812301964295729294. Enough is enough.Courageous West Virginia Republican lawmakers proposed legislation this week that prevents the state from recognizing the winner in a US election if the election is enabled by illegal or fraudulent acts. The lawmakers added that the state will not recognize any election of the Democrat candidate for President in the 2024 election cycle if the Republican candidate is assassinated, seriously injured during an assassination attempt, incarcerated, or eliminated from the ballot in any states, or is subject to legal actions that preclude the candidate from campaigning. Absolutely amazing!…

BAKU, AZERBAIJAN – Azerbaijani military warplanes – Su-25 perform during the Victory Parade held to … [+] celebrate Azerbaijani army’s victory in Nagorno-Karabakh at Azadliq Square (Freedom Square) in Baku, Azerbaijan on December 10, 2020. (Photo by Mustafa Murat Kaynak/Anadolu Agency via Getty Images)Anadolu Agency via Getty Images Azerbaijan recently publicly presented Russian military hardware upgraded by Israeli and Turkish military technology companies at a defense fair in Baku in September 2024. The upgrades indicate that Azerbaijan wants to keep its older equipment in service and up-to-date, even as it modernizes its armed forces with new advanced drones, also from…

American Consumers Continue to Rack Up Debt American consumers are continuing to rack up debt: Overall consumer credit increased at an annual rate of 2.1%, according to the latest tally from the Federal Reserve. Even after the Fed’s long-awaited rate cut, high interest rates on those credit cards have barely budged. That could be troubling as we head into the holiday shopping season. American consumers made a big dent in our collective debt early in the pandemic. Then, around mid-2021, we started running the tab right back up, to a record $1.14 trillion in credit card debt by the second…

By Etienne de la Boetie2 Larken Rose takes down “law & order,” democracy, patriotism and the con-stitution. Etienne Note: To give everyone a taste of what they can expect at Liberty on the Rocks 2024 on Nov 1st-3rd, we will begin syndicating the talks from Liberty on the Rocks 2023, starting with this amazing speech by Larken Rose. Larken Rose is one of the leading political philosophers associated with voluntaryism. He is the author of The Most Dangerous Superstition, which breaks down the illogic, illegitimacy and immorality surrounding the concept of “government” from every possible angle. He produces short videos…

THE HAGUE, Netherlands (AP) – A cyberattack that broke into a police account and accessed work-related contact details of all Dutch police officers was almost certainly carried out by hackers working for a foreign government, the justice minister told lawmakers. Dutch intelligence agencies “consider it highly likely that a state actor is responsible,” Justice and Security Minister David van Weel wrote in a letter to lawmakers on Wednesday night about the breach, which was first revealed last Friday. He added that “police, together with national security partners, are doing everything they can to protect police employees and prevent further damage.”…

Hezbollah deputy leader Naim Qassem said in a televised speech on Tuesday that he was ready to discuss a truce with Israel, without setting any conditions for an end to Israel’s operation against Hamas in Gaza. The Lebanese terrorist organization appears to have backed away from such demands after the Israeli military eliminated its second leader in two weeks. Qassem threw his support behind Lebanese parliament speaker Nabih Berri, an ally of Hezbollah but not technically a member. Qassem is the first Hezbollah leader to support a ceasefire with Israel without also demanding an end to the war in Gaza.…

Pennsylvania Republican Senate candidate Dave McCormick called out Sen. Bob Casey (D-PA) for an unrealized $1.5 billion U.S. Steel investment in the Mon Valley during their ABC 27 debate Thursday night. McCormick’s comment came while he fielded a question about potentially blocking the $14 billion sale of U.S. Steel to Japanese company Nippon Steel. “Generally speaking, my view will be let’s not have the government get too involved, like Senator Casey is always government. But in cases of national security, where a domestic steel industry truly is important for America’s future, then I think you’ve got to intervene,’ McCormick said.…

Vice President Kamala Harris, who once campaigned as an agent of change, shattered that image on Tuesday when she failed to name any specific policy that she would change from the past four years. The whiplash cemented President Joe Biden’s bizarre and repeated attempts to tie Harris to their failures as if he was overtly attempting to tank her candidacy after Democrats pushed him aside in July. WATCH — Ad Says Kamala Harris “Once a Radical, Always a Radical”: Sentinel Action Fund Biden previously said he delegated “everything” as commander in chief to Harris, including foreign policy and domestic policy. “We’re singing from…