Macro, money, and the forces reshaping the financial system. The stories behind the headlines.
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Paraguay's state utility ANDE has declared its special Bitcoin miner power contracts non-extendable past Dec. 31, 2027, covering roughly 944 MW and an estimated 4% of global hashra…
JPMorgan's Q3 2026 Form 13F reveals roughly $981M in Bitcoin-linked exposure across spot ETFs, Strategy, and Coinbase, likely past $1 billion once miner and Robinhood positions are…
Five weeks after Trump announced Putin would immediately supply diesel to the American marketplace, Kpler data shows Russia doubled exports in October, to barely 37% of a normal mo…
Iran's IRGC publicly claimed Friday it destroyed a U.S. early-warning radar installation in Bahrain. CENTCOM says it intercepted both one-way attack drones before any damage occurr…
The White House nominated four commissioners to the SEC and CFTC on November 12, moving both agencies closer to functional rulemaking capacity for the first time in roughly a year.
NAR's November 12 release shows October existing home sales collapsed 5.5% to a 3.75 million SAAR, the worst reading since August 2010, as mortgage rates near multi-decade highs fr…
U.S. District Judge Colleen McMahon denied Novig's injunction bid on Nov. 10, ruled its sports event contracts are sports betting rather than federally protected swaps, and wrote t…
Citigroup disclosed a new $119 million position in Fidelity's FBTC and expanded its BlackRock IBIT stake from 347,000 to 521,000 shares in Q3 2026, with the full 13F filing deadlin…
Britain's grid operator issued an emergency margin notice and paid gas plants the equivalent of £1.4 million per hour as wind output fell for a third consecutive day. This is not a…
Former British diplomat and MI6 officer Alastair Crooke told Daniel Davis that Trump has a hard deadline of January 3 to escalate against Iran, driven not by strategy but by Netany…
Gulf states approved a new forward military command center in Kuwait on November 10, formalizing autonomous defense integration as doubts mount over US security commitments in the…
Poland's Sejm passed the Act on Restrictive Measures 240-202 on November 6, giving the interior minister power to freeze crypto and bank assets by administrative decree, with no ju…
OFAC designated eight Canadian crypto OTC businesses on November 6, 2026 under Operation Economic Outcast, targeting firms that converted Iranian rials into digital assets for the…
Ukraine's HUR War&Sanctions portal documents 6,284 foreign-made electronic components across 213 Russian weapon systems, including an Nvidia Jetson Orin inside a new Russian cruise…
Britain's Black Sky contingency formalizes what a grid-down scenario actually looks like: one state broadcaster, pre-approved government scripts, and diesel generators keeping the…
September's producer prices ran 2.6 percentage points hotter than consumer prices, the widest gap since late 2022. With intermediate goods costs surging up to 21.5%, the pressure s…
A Houthi missile struck a Saudi Aramco administrative tower in Riyadh's financial core on November 8, 2026. The same morning, Iran's IRGC reported three oil tankers ablaze in the S…
Saudi Arabia's real GDP is projected to contract 3.6% in 2026, public debt has surged 17% in a single year, and MBS has systematically dismantled the three pillars that held the ki…
FinCEN severed MEXC Global from the US financial system on November 6 under Operation Economic Outcast, citing at least $16 billion in alleged illicit flows. No assets frozen, no S…
Speculators added 246,314 contracts to their net short position on CBOT 5-year Treasury futures for the week ending November 3, pushing the total to 1,275,370, the largest net shor…
The Commoner
Independent writing by Marty Bent at TFTC since 2017. Money, markets, AI, energy and privacy, delivered free to your inbox.
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