Shake Shack Gets Smoked After Cutting Guidance Shake Shack plunged on Tuesday, hitting its lowest levels since November 2023, after the burger chain slashed second-quarter guidance only about a month after issuing it. Baird analyst David Tarantino said the new outlook is viewed as “incrementally negative” for Shake Shack. Tarantino noted that management had set an “unusually high bar” for 2Q comparable performance with its […]

Pentagon Restricts Press Office Access Over Privacy Concerns Via American Greatness, The Pentagon announced Monday that reporters will no longer have open access to the War Department’s public affairs office after the space was redesignated as a classified facility to accommodate staff handling sensitive material. The announcement marks the latest effort by the Pete Hegseth-led War Department to tighten operational security […]

HSBC Warns Of Commodity “Super-Squeeze” As Goldman Hikes Copper Forecasts Copper is inching closer to its mid-May all-time high of $14,153 a ton on the London Metal Exchange, trading around $13,832 on Tuesday morning, as Goldman raised its year-end price targets and HSBC warned that commodities face a “super-squeeze” with the Hormuz maritime chokepoint still largely shuttered in early June. Let’s begin with HSBC analysts, who wrote […]

State Department Issues Travel Advisory For Mexico Authored by Naveen Athrappully via The Epoch Times, The State Department updated its travel advisory for Mexico on May 29, continuing to warn Americans who plan on visiting the country to be wary of terrorism and crimes. “Many violent crimes take place in Mexico. They include homicide, kidnapping, carjacking, sexual assault, and robbery. There is a risk of terrorist violence, […]

Trump Blasts ‘Fake’ Reports Of Iran Talks Freeze As Rubio Insists To Congress Tehran Ready To Negotiate Nuclear Curbs Summary: Trump insists reports that Iran & US have not been talking for days is ‘fake news’; Rubio also tells Congress talks are ongoing, despite fresh Iranian denials, and even claims the nuclear file is part of it. Washington has seen the Lebanon partial truce as opportunity enough to press forward on broader […]

Short-Seller Andrew Left Found Guilty In High-Profile Market Manipulation Jury Trial Andrew Left, the founder of Citron Research and a well-known figure in the short-selling community, was convicted on 13 of 17 counts following a three-week federal trial in Los Angeles, according to Bloomberg. Prosecutors alleged that between 2018 and 2023, Left used public stock recommendations and social media posts to influence market prices […]

Facebook Is Accused Of Fostering Ethnic Enclaves At Headquarters Authored by Jose Nino via Headline USA, Tech advocacy group blames visa programs for enabling corporate tribalism. A terminated software engineer is accusing Facebook parent company Meta of allowing Chinese migrants to take over entire departments while American employees face systematic exclusion and layoffs, Neil Munro of Breitbart News reported. Jeremy Bernier, […]

‘Crypto Spring’: StanChart Sees Ethereum Outperforming As Mt. Gox Moves $739M BTC From Cold Wallets “Over the past week, we acquired 26,497 ETH,” Bitmine Immersion Technologies Chair, Tom Lee, said in a statement on Monday. “In our view, ETH prices are not reflecting the strengthening of Ethereum fundamentals, but then again, this is not surprising given we are in the early stages of crypto spring.” As CoinTelegraph […]

Massachusetts Church Cancels Traditional July 4th Celebration “To Better Understand Our Own Whiteness” Authored by Jonathan Turley via JonathanTurley.org, In Nantucket, there is an interesting conflict between churches after the Nantucket Unitarian Universalists (NUU) canceled its traditional celebration. In a letter from the church and the Rev. Erin Splaine of the Second Congregational Meeting House Society, residents were told […]

Euro Area Inflation Tops 3.0% For First Time Since 2023, Cementing ECB Rate Hike Euro Area inflation topped 3% for the first time since September 2023, further cementing expectations for a rate hike when the ECB meets next week.  Consumer prices rose 3.2% from a year ago in May, and up from 3% the previous month, in line expectations. But core inflation, which excludes volatile items like food and energy, jumped more than […]

California, Iowa, 4 Other States Hold Primaries: Key Races To Watch Authored by Joseph Lord via The Epoch Times (emphasis ours), The California gubernatorial and Los Angeles mayoral primaries are among the most closely watched races today. A voter fills out a ballot at a polling station in Des Moines, Iowa, on Nov. 6, 2018. Joshua Lott/Getty Images Voters in six states will go to the polls today for a series of key races. The […]

Bringing Sexy Back: Victoria’s Secret Shoots Higher After Abandoning Woke Ideology Shares of Victoria’s Secret surged a mind-boggling 40% in the U.S. morning cash session after the bras-and-lingerie retailer delivered a stronger-than-expected first quarter, boosted its outlook, and showed signs of a turnaround plan in motion. Net sales rose 15% to $1.56 billion in the first quarter, beating guidance, while comparable sales […]

Where’s The Limit By Stefan Koopman, senior market strategist at Rabobank The ancient Greeks left a rich intellectual legacy, as our global strategist Michael Every showed last week in The Hormuz Odyssey. The same fertile ground also produced a famous set of puzzles that have challenged thinkers for centuries. These are the paradoxes of Zeno. In the Dichotomy Paradox, Zeno argued that a runner can never reach the finish line on a […]

Shocking JOLTS: Job Openings Soar By 731K, 9-Sigma Beat, As Quits Bizarrely Plunge To 6 Year Low We had to do a double take when the BLS reported today’s JOLTS job openings: with consensus expecting no change from last month’s print of 6.866MM, and near the lowest in two years, moments ago a flashing red headline revealed that in April the US added a stunning 731K jobs to 7.618 million, up from an upward revised 6.887 million, and […]

Russia Unleashes Its Threatened Mass Bombardment: At Least 18 Killed, Over 100 Wounded Across Ukraine The Kremlin spent much of the last week warning foreign diplomats and bystanders to evacuate Ukraine’s capital, warning that an escalation in airstrikes is imminent, in response to Ukraine’s own drone swarms sent against Moscow and other Russian sites last month – especially the Starobelsk dormitory attack. “In response to […]

Tencent Soars Most Since 2022 On Report It’s Set To Launch AI Agent For China’s Most Used App Tencent shares jumped the most since late 2022 after an FT report that the Chinese company was testing a prototype AI agent for WeChat, China’s most widely used app for everything from messaging and social media to ride-hailing and payments, fueled optimism about the company’s artificial intelligence efforts.  The Chinese internet […]

Trump Taps Housing Regulator Bill Pulte As Acting Director Of National Intelligence President Trump said Tuesday that he is appointing Bill Pulte, the director of the Federal Housing Finance Agency and chairman of Fannie Mae and Freddie Mac, to serve as acting director of national intelligence after Tulsi Gabbard leaves the post. Gabbard announced her resignation on May 22, citing her husband Abraham Williams’ recent diagnosis […]

Europe Has “Serious, Really Serious Problems” If US Cuts Oil Exports, Currie Last night, the Abaxx Markets’ Jeff Currie and Veriten’s Arjun Murti joined Real Vision’s Ash Bennington for a ZeroHedge Debate on what the oil market is getting wrong.  Surprise surprise… the EU is not looking good. But the U.S. may be in trouble too. Currie doubled down on his reserves-to-run-dry-by-July call. They each gave their outlook on […]

US Futures Dip As Questions Mount Over Relentless Tech Rally, Lack Of Peace Progress Futs are weaker but well off their overnight lows as the US is set to lag its global peers; according to JPM investors will need to watch to see if there is a beginning of a larger rotation similar to Jan-Feb or perhaps a slight pullback following the US’s multi-week run. As of 8:00am ET, S&P futures are down 0.2% after the […]

Marvell Soars After Nvidia CEO Says Chipmaker Is Headed For Trillion-Dollar Club Computex 2026 in Taipei is underway for the second day. Let’s begin with Monday’s wrap-up of the event: Nvidia CEO Declares AI PC Reinvention A “New Beginning” On Par With Smartphone Shift AI, Chips, Humanoid Robots: Top Takeaways From Computex 2025 There was no shortage of fireworks on day two, as Nvidia CEO Jensen Huang took the stage and […]

Britain’s White ‘George Floyd’ Moment? Update: Vickrum Singh Digwa, 23, received a life sentence with a 21-year minimum on Monday for the murder of 18-year-old Henry Nowak. Judge William Mousley describes Nowak as a “much-loved, kind, hard-working and ambitious young man, devoted to his family and with a bright future.” Mousley includes agonizing testimony from Nowak’s family: Nowak’s death has caused his sister’s world […]

Another Hurricane Season Is Underway: What To Know Authored by T.J.Muscaro via The Epoch Times, June 1 marked the start of yet another hurricane season for the Atlantic Ocean, Caribbean Sea, and Gulf of America.  The National Oceanic and Atmospheric Administration (NOAA) is forecasting a lower-than-average number of named storms between now and Nov. 30 thanks to “El Niño.” This is a recurring weather event known to lower […]

Abivax Crashes Most On Record After Cancer Cases In Trial Data Spooks Wall Street French biotech Abivax suffered its largest intraday decline on record after reporting new data on its lead experimental inflammatory bowel disease drug, which showed cancer cases among patients in the clinical trial. The new data certainly point to regulatory headwinds and raise the risk profile for approval. Abivax’s ABTECT maintenance data showed […]

Trump Slashes Tractor Tariffs In Bid To Revive Ag Belt Optimism The Trump administration appears to be trying to inject new optimism across the nation’s farm belt following the China meeting last month, during which Beijing committed to making billions of dollars of new purchases of U.S. agricultural goods. The White House’s latest move is to reduce tariffs on tractors and combines, a policy shift aimed at easing cost pressures on […]

Net Zero & Statism Deliver Stagnation: How Interventionism Undermined Growth In The UK & Canada Authored by Daniel Lacalle, Governments are terrible at picking winners and even worse at choosing losers. Net zero and interventionist “Keynesian” policies in Canada and the UK have proven that government intervention has created a worse outcome than anyone would have expected. The result is higher costs, distorted […]