“I’ve seen enough,” House Minority Leader Rep. Kevin McCarthy (R-Calif.) in a statement late Monday. “The Department of Justice has reached an intolerable state of weaponized politicization.”

“When Republicans take back the House, we will conduct immediate oversight of this department, follow the facts, and leave no stone unturned,” McCarthy added.

“Attorney General Garland: preserve your documents and clear your calendar,” McCarthy said.

Crude oil prices are higher this morning after reports that Russian oil flows via the southern leg of a major pipeline were suspended.

Ukrtransnafta, which operates Ukraine’s oil pipeline network and transits crude via the southern leg of the Druzhba link, halted Russian crude deliveries on Aug. 4, Transneft said in a statement on Tuesday.

This means flows to the Druzhba pipeline toward Hungary, the Czech Republic and Slovakia are halted.

We now officially know the excuse investing strategy that saw Cathie Wood dump more than 1.4 million shares of Coinbase just days before the company announced a partnership with Blackrock and rallied more than 80%.

As usual, there was someone else to blame for Wood's decision making. This time, she attributed the sale not to poor decision making, but rather regulatory "uncertainty" in the world of crypto, according to a new Bloomberg report. 

Three of Wood's funds collectively sold more than 1.4 million shares - or about $75 million worth of COIN - on July 26. 

The chart of U.S. employment ages 25 to 54 years of age and 55 and older reveals a startling change.

There are now 20 million more 55+ employed than there were in 2000, an equivalent of the entire workforce of Spain. This unprecedented demographic / employment transition is worth a closer look.

Apple has notified suppliers that anything shipped from Taiwan needs to have a "Made in China" label in order to strictly comply with Chinese customs regulations, following a controversial visit to the island, Nikkei Asia reports.

We've flagged the lack of demand for Italy's debt for over a year: (i) domestic demand is zero; (ii) foreigners are selling; (iii) ECB is the only buyer. This should be a matter of great urgency for Italy's politicians. But it isn't as ECB QE and now reinvestments provide cover. pic.twitter.com/uI5FM8TwWo

President Joe Biden on Monday reacted to China's military announcing it is extending drills surrounding Taiwan. The four days of live fire exercises, which Taiwan sees as a direct threat and has described as effectively a "blockade", were scheduled to end Sunday, but the People’s Liberation Army (PLA) Eastern Theatre Command announced Monday that it is "continuing joint training under real war conditions, focused on organizing joint anti-submarine warfare and naval strikes."

In the fresh remarks, Biden said in what was a surprise to many that he's "not worried" about Chinese aggression toward Taiwan at this moment. "I’m not worried, but I’m concerned that they’re moving as much as they are. But I don’t think they’re going to do anything more," Biden told a group of reporters before traveling to Kentucky.

“Tahlia McGrath was permitted to play at Edgbaston in Birmingham yesterday despite testing positive,” reports the Daily Mail.

“She bowled and batted in the match and also took the catch that dismissed India’s star opener Shafali Verma as the Southern Stars took gold.”

To maintain the security theater surrounding the virus, McGrath wore a face mask while standing on the podium during the medals ceremony, but not during the match.

She also initially avoided celebrating with team mates after taking a catch, but then “jumped into the huddle and hugged her teammates” when they won the game.

“When you’re part of a game that’s so thrilling like that, all you want to do [is celebrate] and at the end screw it, if we get Covid, so be it,” said bowler Megan Schutt.

McGrath was allowed to take part despite former Australian Prime Minister Scott Morrison having spent $2 billion dollars on COVID quarantine facilities across the country that are now...

While the world is creeping closer toward a DefCon 1 exchange with every passing day, should Russia launch tomorrow there will be no way of knowing just how many warheads and ICBMs Putin is letting loose (not that he needs all that many). The reason is because on Monday, Russia informed the US that it is temporarily suspending American inspections of its nuclear weapons sites under the 2010 Treaty on Measures for the Further Reduction and Limitation of Strategic Offensive Arms (New START).

"On August 8, 2022, the Russian Federation officially informed the United States via diplomatic channels that our country is temporarily exempting its facilities from inspection activities under the New START Treaty," the Russian Foreign Ministry said in a statement, adding it also covers "facilities that can be used for demonstrations under the treaty.”

According to Anadolu, the statement stressed that the measures had a "temporary character" but everyone knows there is nothing...

French authorities have allowed five nuclear power plants in France to continue operations and discharge hot water in rivers even during another heatwave as the country looks to keep its electricity generation stable and conserve natural gas for the coming winter.

Heading into August, we had over 7 full months where every. single. week, JPM's equivalent of Goldman's Abby Joseph Cohen, the resident in-house permabull  (and one time value-added quant) Marko Kolanovic, would tell the bank's sellside clients to just keep buying stocks no matter how much the market crashed the day, week or month before... or was about to crash. We even charted it two months ago, showing his weekly invocations to what was left of JPM clients with actual disposable income, to buy stocks.

Michael Novogratz, the billionaire who founded crypto financial services firm Galaxy Digital Holdings Ltd., said he expects Bitcoin to stay within its recent price range, and that there haven’t been significant inflows of institutional capital into the space. 

“Will Bitcoin get through $30,000 on this move up? We will see -- I’m doubtful. I think we’re going to probably be in this range now. I quite frankly would be happy if we’re in a $20,000, $22,000 or $30,000 range for a while,” Novogratz said in an interview on Bloomberg TV. “We’re not seeing huge institutional flows, to be fair, but we’re not seeing anyone back away.”