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US oil production has surged to an all-time high of nearly 21 million barrels per day in May 2025, marking 50% growth in just four years. Despite a five-year low in active fracking crews, American shale producers are drilling faster, extending well reach, and cutting costs to achieve record output. This in-depth analysis explores the …
US Ethereum ETFs have posted their largest-ever one-day net inflow, surpassing $1 billion and marking a historic milestone for institutional adoption of Ethereum. This record-setting surge highlights growing investor confidence, improved regulatory clarity, and strong market sentiment around Ethereum’s long-term potential. Ethereum ETFs See Historic $1 Billion Inflow In a landmark moment for the cryptocurrency …
Putin and Kim Jong-un Hold Telephone Talks:Russia’s President Vladimir Putin and North Korean leader Kim Jong-un held a telephone conversation on August 12 ahead of Korea’s 80th Liberation Day. The two leaders exchanged warm congratulations, reflected on shared wartime history, reaffirmed their commitment to the June 2024 Comprehensive Strategic Partnership Treaty, discussed DPRK’s support in …
Elon Musk vs Sam Altman:A heated public feud erupted between Elon Musk and Sam Altman after Musk accused Apple of anti-competitive practices, prompting Altman to accuse Musk of manipulating X’s algorithm to favor his own companies. The spat escalated with sharp exchanges, Grok AI siding with Altman, and ChatGPT chiming in humorously, making the Elon …
US Bankruptcy Surge in 2025:US corporate bankruptcies are surging in 2025, with 71 large companies filing in July — the highest monthly total since the pandemic year of 2020. Year-to-date filings have reached 446, already surpassing the full-year totals of 2021 and 2022, and marking the fastest pace in 15 years. Industrial and consumer discretionary …
Berkshire Hathaway, the $800 billion conglomerate, is facing a rare 25-point underperformance against the S&P 500 after Warren Buffett announced he would step down as CEO. Since May 2nd, Berkshire’s stock has fallen 14% while the S&P 500 has risen 11%, marking its steepest lag since 2020 and even worse than during the 2008 financial …
Russian ruble has emerged as the best performing currency of 2025, surging 42% against the US dollar. As per Bank of America Global Research and Bloomberg data, the ruble’s rebound is driven by strong energy exports, capital controls, and shifting global trade ties. The USD/RUB exchange rate has fallen sharply from recent highs, marking a …
Jefferies analyst Brant Thill weighs in on the growing investor fear that AI will “eat” the software business and crush valuations. While infrastructure giants like Nvidia, Oracle, and Microsoft are soaring on AI demand, many application software leaders—including Salesforce, Adobe, Atlassian, and Monday.com—have been hit hard in 2025, with some down over 20% year-to-date. Thill …
Trump Putin Alaska Summit:President Donald Trump is set to meet Vladimir Putin in Alaska in a bid to secure a cease-fire or end to the Russia–Ukraine war. State Department spokeswoman Tammy Bruce highlights Trump’s unique leverage with both Putin and Zelenskyy, his past success in brokering peace deals, and his commitment to halting global conflicts. …
In a sweeping move shaking Washington, FBI Director Kash Patel has ousted top officials linked to politically charged Trump cases, as grand juries launch explosive fraud probes into New York AG Letitia James, Senator Adam Schiff, and former intelligence chiefs—marking what could be the most significant push for political accountability in decades. FBI Shakeup, High-Profile …