President Donald Trump’s Justice Department sprang into action to defend data centers being built in Mississippi for Elon Musk’s xAI, which face a lawsuit over pollution from their gas-powered turbines, stating that the lawsuit should be dismissed because it risks national security.
ECONOMIC UPDATE
The equity markets across the globe were down today as the AI investment scheme of a Dot-com Bust 2.0 which we have forecast is becoming a reality.
SPOTLIGHT: CHINA’S TWO DIVERGING ECONOMIES
Beijing continues to believe that an industrial machine turning out “new productive forces” such as AI equipment, biotech machines, EVs, and solar panels will bring the domestic economy back to life.
IRAN EMERGES FROM WAR WITH NEW POWER
20 JUNE 2026: The United States and Israel inability to defeat Iran has resulted in a paradigm shift in the Middle East, where Tehran will be taking a more powerful position while other Gulf states are forced to reconsider their relationship with Israel and Washington.
THE U.S. HAS JUST SUFFERED A MAJOR STRATEGIC LOSS. AND THE ECONOMY WILL TAKE A HIT. (FULL-BREAKDOWN)
This is one of the most important breakdowns I have written in a long time.
65 PERCENT OF U.S. ADULTS DISAPPROVE OF THE WAY TRUMP HAS HANDLED IRAN: POLL
A newly released poll from the Associated Press-NORC Center for Political Affairs Research found that 65 percent of adults in the United States believe President Donald Trump has done a poor job in his handling of Iran.
GALLUP: BELIEF THAT THE ‘AMERICAN DREAM’ IS OPEN TO ALL IS FADING IN THE U.S.
A newly released Gallup survey found that fewer Americans believe that the American Dream is obtainable for everyone when compared to the survey from 2024, and fewer people believe that they can achieve the dream.
Global Economy
HIGH ENERGY COST IS DRIVING JOBS OUT OF THE U.K.
Britain’s high energy prices are not only driving manufacturing jobs abroad but also risk the loss of key industries, a union and a manufacturing trade group warned last week.
JAPAN’S YEN HOVERS NEAR 40-YEAR LOW AGAINST THE DOLLAR
The U.S. dollar’s value rose on the signing of the Iran War’s ceasefire last week, dropping the Japanese yen within a fraction of its lowest value since 1986.
GLOBAL RECOVERY FROM IRAN WAR WILL BE LONG
Even though the Strait of Hormuz has reopened – at least for now – normal flows of oil, gas, and other products from Gulf nations will take months to return to pre-war volumes, economists and experts told The Wall Street Journal.
U.S. Economy
MARKET OVERVIEW
A Thursday bounce in semiconductor stocks brought the market back from a selloff on Wednesday after the U.S. Federal Reserve’s rate-setting committee indicated a growing likelihood of an interest rate increase this year.
CREDIT CARD BLUES
Economists have been alarmed that 13 percent of U.S. credit card accounts were at least 90 days past due in this year’s first quarter, near the peak of delinquencies during the Great Recession.
GM LETS EV OWNERS SELL POWER BACK TO THE GRID
General Motors is preparing to download a software update to some of its electric vehicles (EVs) that will enable their owners to direct power from the cars’ battery packs back into the electric grid.
The Iran War
TRUTH OR CONSEQUENCES? IRAN SAYS THERE HAVE BEEN NO DISCUSSIONS ON NUCLEAR ISSUE, DESPITE PRESIDENT’S CLAIM
President Donald Trump announced on social media today that Tehran agreed to allow the “highest level nuclear inspections” into the country as part of the deal to permanently end the war, shortly after Iran said there were no discussions on the matter, and it had no plans to receive these international inspectors.
VANCE DEFENDS TRUMP AMID CRITICISM FROM ISRAELIS WHO WANT THE WAR TO CONTINUE
Vice President JD Vance sent a clear message to Israeli critics of President Donald Trump last week that there is no greater supporter of the Israeli genocide in Gaza and land theft in Lebanon than the Trump administration and they should shut their mouths and get in line because they are bleeding support in the international community.
HEZBOLLAH SEES GAIN IN SUPPORT AMID MOU BETWEEN U.S. AND IRAN
Supporters of Hezbollah in Lebanon, who have been somewhat dismayed at what seemed like Israel’s recent thrashing and the IDF’s ability to occupy much of the Lebanese territory, have seen the tides turn and the armed resistance group appears to be on a winning streak after the U.S. signed the memorandum of understanding (MOU) with Iran that includes an end to the fighting in Lebanon.
Hi-Tech Science
CHINA’S EV INDUSTRY RUSHES TOWARD FAST CHARGING
A key factor dissuading drivers from buying EVs has been long charging times.
COMPUTER RUNS ON BRAIN CELLS
Cortical Labs has made its CL1 computer – the world’s first “biological computer,” the company says – available to commercial customers.