Minimalist News

AI Summary

Peter Schiff warns of an impending economic crisis in the U.S., emphasizing issues like unsustainable debt, hidden recessions, and misguided trade policies that could impact voters' economic experiences.
The U.S. government reports a record deficit of $1.1 trillion in just the first five months of 2025, raising concerns about fiscal sustainability as spending outpaces tax revenues significantly.
Over 200,000 unused government credit cards were deactivated as part of an audit initiative led by the Department of Government Efficiency (DOGE), which found inefficiencies in federal spending.
The anticipated boom in artificial intelligence spending has prompted officials to express concerns over the U.S. electricity grid's capacity to meet the rising power demands of data centers.
iRobot's shares plummeted after the company issued a dire "going concern" warning, revealing significant financial losses and a revenue shortfall that raised doubts about its ability to continue operations.

ZeroHedge

Schiff: It's Time For An Economic Reckoning zerohedge.com 33 minutes ago by Tyler Durden
Schiff: It's Time For An Economic Reckoning Via SchiffGold.com, In his recent appearance with Todd on the Sachs Realty Podcast, Peter Schiff…
US Deficit Hits Record $1.1 Trillion In First 5 Months Of 2025 As February Taxes Failed To Cover Even Half Of Spending zerohedge.com an hour ago by Tyler Durden
US Deficit Hits Record $1.1 Trillion In First 5 Months Of 2025 As February Taxes Failed To Cover Even Half Of Spending First the good news: E…
More Than 200,000 Government Credit Cards Deactivated: DOGE zerohedge.com an hour ago by Tyler Durden
More Than 200,000 Government Credit Cards Deactivated: DOGE Authored by Jack Phillips via The Epoch Times, The Department of Government Effi…
AI Data Center Build-Out Raises Concerns About America's Future Power Needs zerohedge.com 2 hours ago by Tyler Durden
AI Data Center Build-Out Raises Concerns About America's Future Power Needs Authored by Wesley Brown via The Epoch Times, As the United Stat…
Diddy Rape Accuser Alleges Coverup Involving Maui Police Chief Linked To Las Vegas Shooting zerohedge.com 2 hours ago by Tyler Durden
Diddy Rape Accuser Alleges Coverup Involving Maui Police Chief Linked To Las Vegas Shooting Maui Police Chief John Pelletier has been accused…
Solid 10Y Auction Enjoys First Stop-Through Of 2025 zerohedge.com 3 hours ago by Tyler Durden
Solid 10Y Auction Enjoys First Stop-Through Of 2025 One day after a subpar, tailing 3Y auction, some were concerned that today's 10Y auction …
The Almost Unbelievable Details Of The Great Gas Pipeline Caper Of 2025 zerohedge.com 3 hours ago by Tyler Durden
The Almost Unbelievable Details Of The Great Gas Pipeline Caper Of 2025 Authored by Terry Cowan via Substack This is the most astounding thi…
WSJ's Chief Foreign Correspondent Declares It's Over For Ukraine In Kursk zerohedge.com 3 hours ago by Tyler Durden
WSJ's Chief Foreign Correspondent Declares It's Over For Ukraine In Kursk Update(1259ET): It's a major turning point in the conflict when the…
Is A Strategic Reserve Bad For America... And Crypto? zerohedge.com 3 hours ago by Tyler Durden
Is A Strategic Reserve Bad For America... And Crypto? Authored by Omid Malekan, America and the crypto industry both seemed to have dodged a…
iRobot Shares Crash As Going Concern Raises "Substantial Doubt" About Ability To Operate zerohedge.com 4 hours ago by Tyler Durden
iRobot Shares Crash As Going Concern Raises "Substantial Doubt" About Ability To Operate iRobot's shares crashed by as much as 40% in early c…
'Ukraine Will Not Recognize Any Territory Occupied By Russia': Zelensky zerohedge.com 4 hours ago by Tyler Durden
'Ukraine Will Not Recognize Any Territory Occupied By Russia': Zelensky Update(1210ET): On Wednesday President Zelensky shut the door on terr…
Silver As A Hedge Against Market Chaos zerohedge.com 4 hours ago by Tyler Durden
Silver As A Hedge Against Market Chaos Authored by Adam Sharp via DailyReckoning.co, Headlines blamed yesterday’s crash on Trump. It’s the t…
Arrested Container Ship Captain That Hit US Tanker Is Russian National zerohedge.com 4 hours ago by Tyler Durden
Arrested Container Ship Captain That Hit US Tanker Is Russian National The captain of the container ship that collided with a U.S.-flagged ta…
Lawsuit Alleges Girl Scouts Sold Cookies Containing Heavy Metals, Pesticides zerohedge.com 4 hours ago by Tyler Durden
Lawsuit Alleges Girl Scouts Sold Cookies Containing Heavy Metals, Pesticides Authored by Zachary Stieber via The Epoch Times (emphasis ours),…
TSMC Reportedly Pitches JV With Nvidia, AMD, Broadcom To Operate Intel Foundry zerohedge.com 5 hours ago by Tyler Durden
TSMC Reportedly Pitches JV With Nvidia, AMD, Broadcom To Operate Intel Foundry Intel shares rose 6% in premarket trading after Reuters report…
Core Consumer Price Inflation Slowest In 4 Years As Energy & Airfare Costs Tumble zerohedge.com 5 hours ago by Tyler Durden
Core Consumer Price Inflation Slowest In 4 Years As Energy & Airfare Costs Tumble With four times as many data points skewing towards higher …
Reuters Fake Fact-Check Fails Again zerohedge.com 5 hours ago by Tyler Durden
Reuters Fake Fact-Check Fails Again Authored by Paul D. Thacker via The DisInformation Chronicle, I had the pleasure of being contacted by R…
WTI Holds Gains After Big Gasoline Inventory Draw, US & OPEC Production Jump zerohedge.com 5 hours ago by Tyler Durden
WTI Holds Gains After Big Gasoline Inventory Draw, US & OPEC Production Jump Oil prices are rising again this morning, despite a surge in OPE…
EU Retaliates After Trump Tariffs Take Effect, But UK Breaks With Europe And Refuses To Respond zerohedge.com 6 hours ago by Tyler Durden
EU Retaliates After Trump Tariffs Take Effect, But UK Breaks With Europe And Refuses To Respond The EU has retaliated against Trump’s 25% tar…
Tokenization: The New Frontier For Capital Markets zerohedge.com 6 hours ago by Tyler Durden
Tokenization: The New Frontier For Capital Markets Authored by Michael Lebowitz via RealInvestmentAdvice.com, There is tremendous value in t…
"We're Now Facing A New Crisis" - Canada Cuts Rates (As Expected), Announces Retaliatory Tariffs zerohedge.com 6 hours ago by Tyler Durden
"We're Now Facing A New Crisis" - Canada Cuts Rates (As Expected), Announces Retaliatory Tariffs The Bank of Canada cut interest rates by a q…
RFK Jr. Exposes A Truth That Could Bankrupt The Antidepressant Industry zerohedge.com 7 hours ago by Tyler Durden
RFK Jr. Exposes A Truth That Could Bankrupt The Antidepressant Industry Via VigilantFox.com, RFK Jr. is pulling back the curtain on a realit…
Futures, Yields, Dollar All Jump Ahead Of Key CPI Report zerohedge.com 8 hours ago by Tyler Durden
Futures, Yields, Dollar All Jump Ahead Of Key CPI Report US equity futures are higher into today's CPI print with tech outperforming, as the …
China Summons Walmart After Asking Suppliers To Absorb Trump's Tariff Costs zerohedge.com 8 hours ago by Tyler Durden
China Summons Walmart After Asking Suppliers To Absorb Trump's Tariff Costs China's Ministry of Commerce and other agencies summoned Walmart …
BlackRock CEO Says American 'Practicalism' Can 'Make Energy Great' zerohedge.com 9 hours ago by Tyler Durden
BlackRock CEO Says American 'Practicalism' Can 'Make Energy Great' Authored by John Haughey via The Epoch Times, U.S.-based capital markets …