Author: Press Room
The alleged trade came shortly before reported progress toward US-Iran deal to end the war, raising suspicions of insider information A massive crude oil bet placed shortly before reports of a possible US-Iran peace deal sent prices crashing and fueled suspicion of insider trading, after the position reportedly generated a $125 million profit in just over an hour.According to market commentary platform the Kobeissi Letter, nearly 10,000 crude oil short contracts were placed around 3:40 AM (07:40 GMT) on Wednesday “without any major news,” describing the roughly $920 million position as unusually large for that time of day.At 4:50 AM,…
Only the blackest of hearts need apply The old line about “truth forever on the scaffold, wrong forever on the throne” comes to mind regularly now, as I observe the dying throes of the American Republic. It’s probably fitting that we’ve closed most of the mental institutions, since the entire country has largely devolved into the largest insane asylum the world has ever seen. Now, I understand that, being mere peasants and all, we don’t have the pleasure of seeing who our real rulers are. So I can only assess the leaders we can see, and they are the most pathetic lot imaginable. Not…
United States President Donald J. Trump has once again increased the pressure on Mexico by declaring that if they won’t fight cartels head-on, his government will and threatened the use of ground forces, which he claimed are easier to move than the ongoing attacks on cartel boats at sea. The statements came during a speech this week in which Trump briefly noted that his administration was serious about fighting cartels. “If they (Mexico) are not going to do the job, we are going to do the job,” he said. During his speech, Trump threatened the use of ground forces to…
Very few Americans are losing their jobs to layoffs, data from the Department of Labor indicated Thursday. The number of initial claims for unemployment benefits inched up to 200,000 last week. That was above the prior week’s revised 190,000 but below expectations for 210,00. By historical standards, it has been rare for jobless claims—which are a proxy for layoffs—to fall this low. It suggests that employers are holding on to their workforces despite headwinds such as high interest rates and the sharp rise in gasoline and energy prices stemming from the Iran war. Holding on to this low level is…
A new report suggests that JPMorgan offered $1 million to Chirayu Rana after he accused female executive Lorna Hajdini of sexual harassment and racial abuse. Last week, the Daily Mail broke a story about a lawsuit with allegations of sexual harassment against Lorna Hajdini, a high-ranking executive with JPMorgan, from one of her male subordinates after he joined the leveraged finance team in the spring of 2024. Identified in the suit only as “John Doe,” he claimed, among other things, that Hajdini turned him into her “sex slave,” would frequently threaten his career advancement if he rejected her sexual overtures, and would regularly subject him…
The crisis is bound to hit other industries, triggering food shortages and energy lockdowns, Kirill Dmitriev believes The global aviation shock triggered by the US-Israeli attack on Iran and resulting fuel shortages is a harbinger of even “more severe shocks” that will rock other sectors of the global economy, Kremlin envoy Kirill Dmitriev has warned.The official, who serves as Russian President Vladimir Putin’s special envoy for investment and economic cooperation, issued the warning on X on Wednesday. Dmitriev reposted an article by the Kobeissi Letter on the dynamics of the aviation sector shrinkage, which has happened at “an unprecedented pace”…
SAN ANTONIO, Texas — Democratic members of Congress called for the closure of the Dilley Immigration Processing Center at a press conference held at the facility on Tuesday. The lawmakers spoke to reporters as a small group of protesters gathered outside, demanding the release of detainees being held at the facility designed to hold families as they await deportation. The delegation of Democrats, led by Representative Joaquin Castro (D-TX), was organized to protest the detention of two children and their stepmother by ICE in San Antonio earlier in the week. In a report from KSAT news, the Venezuelan family of three was detained…
Wednesday on CNN’s “The Arena,” Rep. Seth Moulton (D-MA) declared that despite decimating the Iranian military, the United States was currently losing the military operation in Iran. Host Kasie Hunt said, “So this agreement we’re moving towards this one page memo, according to our reporting. Are you optimistic that this could put us in a better place?” Moulton said, “No. We’re in a decidedly worse place because Trump started this war. Iran has way more leverage than they had at the beginning, when we were just trying to negotiate a nuclear deal with them. Now Trump is trying to reopen the…
Donald Trump has touted “tremendous military success,” but the reality in the Strait contradicts US claims, Sanchez says With the smoke and blockades disguising what’s actually happening in the Strait of Hormuz, Rick Sanchez decided to shed some light on the situation. US President Donald Trump on Tuesday paused Project Freedom – the military operation launched a day earlier to escort commercial vessels through the Strait of Hormuz – citing the “tremendous military success” of the campaign.However, Rick’s assessment is that Tehran still holds the strategic edge. Take a look. You can share this story on social media: Follow RT…
President Donald Trump said Iran “badly” wants a deal and has agreed not to pursue nuclear weapons as Tehran was expected Thursday to respond to an emerging U.S.-backed framework proposal aimed at ending the conflict and launching broader negotiations over the regime’s nuclear program. Speaking to reporters at the White House on Wednesday afternoon, Trump struck an optimistic tone regarding the negotiations while repeatedly warning that military action would intensify if Tehran ultimately rejected the terms being discussed. “They want to make a deal badly. And we’ll see if we get there. If we get there, they can’t have nuclear…