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⚡️ JUST IN: Trump said Iran knows what not to do, all eight of its small boats are gone, and none have passed through the Hormuz blockade.

He added Iran respects the US more than ever, unlike before, and declined to say if the US will arm Iranian civilians.



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🧾 What “national debt” actually means

This is not a credit card bill that a country has to pay off tomorrow. It’s the total amount a government has borrowed over time to fund spending beyond its tax income.

In practice, it works through bonds. Governments issue debt, investors buy it, and in return they get interest. That includes banks, funds, pension systems, and often the country’s own central bank.

The key point is not the size alone, but who holds it and how manageable it is. Strong economies can carry large debt because there is constant demand for their bonds and trust in their system.

So the number itself looks scary, but the real question is always the same: can they keep rolling it and servicing it without breaking confidence.



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⚡️ JUST IN: CME will launch bitcoin volatility futures on June 1 pending approval, settling to CME aCF Bitcoin Volatility Index (BVX).



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Probability has no memory



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📣 Trump pauses Hormuz operation after Iran talks progress

Trump said the US is suspending “Project Freedom,” the military operation meant to escort ships through the Strait of Hormuz, after what he called progress toward a deal with Iran.

The blockade itself stays in place, but US escort operations are paused for now.

Traffic through Hormuz still hasn’t normalized, and Iran continues to demand approval for passage.

Oil prices began to decline after.



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⚡️ JUST IN: US and Iran near 14-point memorandum of understanding to end Iran War

US and Iran are close to finalizing a 14-point memorandum of understanding aimed at ending the Iran War and establishing a framework for a detailed nuclear deal. The agreement would include Iran committing to a moratorium on uranium enrichment lasting 12-15 years.

In return, the US would lift sanctions and release billions in frozen Iranian funds. Both sides would also remove restrictions on transit through the Strait of Hormuz. The deal would mark an end to the war and initiate a 30-day negotiation period for further details.



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⚡️ JUST IN: Trump said if Iran does not agree to a deal, bombing will start at a much higher level and intensity than before.

He added if Iran agrees, the epic fury will end and a highly effective blockade will allow the Hormuz Strait to be open to all, including Iran.



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⚡️ JUST IN: Trump says it is too soon to begin preparations for a peace deal signing with Iran.

US oil prices have risen back above $95 per barrel following the news.



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⚡️ JUST IN: Trump says the Iran war has a good chance of ending and he feels the US is closing in on a deal with Iran. He adds a possible Iran deal could be reached before China.

He also notes he felt a deal was near before and will see what happens this time.



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💰 Warren Buffett Warns on Markets and Dollar

Warren Buffett expressed disappointment with markets and concern about the US dollar.

At the Berkshire Hathaway meeting, he called the stock market a "church with an attached casino," saying "the casino has never been so crowded."

Buffett said he keeps $380 billion in cash because he understands current companies less and hasn't studied new industries for years, lacking an edge over younger specialists.

On the dollar, he warned America is "not insured" against runaway inflation. He said a real crisis could come suddenly, like the 1914 assassination that triggered WWI.



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⚡️ JUST IN: Iran’s Foreign Minister denies imminent deal to end Iran War after Axios report.

The statement was issued following the morning report claiming a deal was near. No confirmation or further details were provided.



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Discipline is less about forcing yourself to follow rules and more about becoming someone who no longer negotiates with them.



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GameStop CEO Ryan Cohen has been suspended from eBay just two days after proposing a $56 billion acquisition of the company.

eBay stated that Cohen's account was permanently suspended for "putting the eBay community at risk."



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⚡️ JUST IN: DOJ is investigating $2.6B in oil trades placed ahead of Trump’s announcements.



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⚡️ JUST IN: US weekly jobless claims rose to 200,000, below the 205,000 estimate.



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By almost every metric, U.S. stocks are expensive



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⚡️ JUST IN: US equity markets fall on reports that Trump is preparing to restart “Project Freedom” in the Strait of Hormuz.



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⚡️ JUST IN: Trump says the EU has until July 4th to implement the US-EU trade deal or tariffs will “jump to much higher levels.”



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⚡️ JUST IN: US Military has attacked an Iranian oil tanker in the Strait of Hormuz, according to Iranian state media.



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⚡️ JUST IN: US Military has conducted strikes on targets in southern Iran, including Bandar Abbas and Qeshm Port.

The US-Iran ceasefire seems to be unraveling following renewed attacks from both parties.



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⚡️ JUST IN: US Trade Court rules against Trump’s 10% global tariff.



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