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mildlycomet
3 days ago
I asked an early-stage investor a simple question: Tell me about a startup that discovered, too late, that it wasn't allowed to operate the way it had built itself to operate.
Most Read from Fast Company
At the Obama Presidential Center gift store, shoppers buy into a new brand
Light's new flip phone is stylish, dumb, and perfect for our screen-addled brains
There's a new workforce crisis and it isn't burnout

#tell #fast #center #asked
sitgng6
3 days ago
Former US President Barack Obama unknowingly gave Angel Reese a reality check.
The 2026 WNBA All-Star Game is being held in Chicago as fans line up to watch the likes of Caitlin Clark and Angel Reese in action.
Since the All-Star weekend is in Chicago, former US President Barack Obama is actively involved in the event because of his deep love for the game of basketball.
John J. Kim/Chicago Tribune/Tribune News Service via Getty Images
With the All-Star weekend kicking off, players from around the country landed in Chicago, including Atlanta Sky star Angel Reese.

#reese #obama
szrlcgctjqofmerr
4 days ago
CHICAGO — The WNBA All-Stars will not play with America-themed patches on their jerseys as part of the celebration of the nation's 250th birthday.
"No, they're not on the jerseys," New York Liberty forward Breanna Stewart said Friday at a post-practice media availability at the Obama Presidential Center.
The news comes after a June report from Sportico said the WNBA planned to have its biggest stars wear USA 250 patches during Saturday's All-Star Game at the United Center (8:30 p.m. ET, ABC/Disney+).
Women's National Basketball Players ******* ociation president Nneka Ogwumike, a forward for the L.A. Sparks, said Friday the report prompted the union to discuss the patches with league leadership.
"As players, we did ask about it," Ogwumike said. "I think being in a league where you're able to have that type of conversation with your leadership is important. You're not always in a position to be able to question certain things, and our players own the fact that we have a level of autonomy.

#Friday
mucowe_du_h
4 days ago
Brett McGurk is a CNN global affairs ****** yst who served in senior national security positions under Presidents George W. Bush, Barack Obama, Donald Trump and Joe Biden.
Wars often end somewhere different from where they begin.
The current conflict with Iran has been plagued by ill-defined and shifting objectives, from aspirations of regime change to more focused aims of degrading Iran's nuclear and military capabilities.
Nearly six months in, it has evolved into something else entirely: a struggle over who controls the Strait of Hormuz and, with it, one of the world's most important arteries for global energy. Iran has demonstrated both the capability and willingness to target commercial shipping passing through the strait unless conducted under rules Tehran prescribes.
The US – and much of the world, including all the Gulf states adjacent to the strait – has rightly deemed that unacceptable.

#strait #bush #obama
zowotigexababaniki87
4 days ago
Barack Obama encourages Caitlin Clark ahead of WNBA All-Star Game: 'Don't let all this nonsense get you down' originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
While she is a bona fide star in the WNBA, controversy comes with life as a star for Caitlin Clark. Former U.S. President Barack Obama made sure to let the Indiana Fever star know she was doing a great job and not to "let all this nonsense get you down."
The Fever had a difficult start to the season, but have recently picked it up and lead the East with a 17-10 record.
Situations both on and off the court have wiggled their way into Clark's life as a star, and she's been forced to deal with more than anticipated.
Here's what the former U.S. president said to the three-time WNBA All-Star.

#barack #clark #sporting
FLAtruN
6 days ago
After Conan O'Brien's dramatically different hairstyle left fans puzzled this week, the comedian has finally revealed the painful reason behind the unexpected makeover.
The hairstyle first caught fans' attention in this week's episode of Conan O'Brien Needs a Friend. Now, O'Brien says the slicked-back look wasn't intentional.
Rather, the unexpected style change was the result of treating a severe scalp sunburn he received after spending hours outdoors at the Obama Presidential Center's grand opening.
O'Brien is known for wearing his red hair in a signature pompadour style. The sudden appearance of the slicked-back style and the lack of acknowledgement of it during the podcast had fans buzzing across the internet.
Entertainment Weekly has shared a video clip where O'Brien explained the sudden change in hairstyle.

#o 'brien #slicked
gadgetmostly9974
6 days ago
Conan O'Brien addressed commentary about his hair in a new podcast clip of Conan O'Brien Needs a Friend
The comedian has appeared with a flattened hairstyle, which fans have had questions about
O'Brien revealed that he had suffered a scalp burn while appearing at the star-studded Obama Presidential Center ceremony in June, adding that the treatment is what changed the look of his hair
Conan O'Brien suffered quite the burn that changed the appearance of his signature pompadour.
The former late-night talk show host is usually recognizable by his coiffed ginger hair, but recent taped episodes of his podcast showing him with a different hairstyle have sparked questions that have now been answered.

#burn
du17
6 days ago
Call Her Daddy host and Unwell co-founder Alex Cooper joins Mixed Signals live at Cannes Lions to talk about what it takes to turn a hit podcast into a real media business. Max and Ben ask Alex how Unwell's creative agency ended up going toe-to-toe with Call Her Daddy in revenue, what she learned from her interview with Michelle Obama, and why she's more interested in the marketing than most talent in her field.
— Max Tani and Ben Smith

#call #unwell #cooper
warm38587
9 days ago
White House deputy chief of staff Stephen Miller said Friday that the Trump administration is seeking to debank illegal immigrants as an incentive for them to self-deport from the United States.
Miller gave an update on the White House's latest tactic to deter illegal immigration during an interview Friday on "The Clay Travis & Buck ***** ton show."
"President Trump signed an executive order a few weeks ago saying that we are not going to allow illegal aliens to use banking services in this country," Miller said.
"Illegal aliens have credit cards, they have bank accounts and they're paid with direct deposit. So, illegal aliens fully participate in the commercial systems, the financial systems of America. Shutting that down is a massive engine for deportation."
Obama-appointed Judge Torpedoes TRUMP'S Bid To Protect Us Jobs By Reforming Controversial Immigration Policy
udpu_lynx_packet
12 days ago
Michelle Obama was the life of the party as she danced the day away in Martha's Vineyard on July 15, and celebrated the birthday of a patron with a warm hug. The former First Lady looked stylish in a white structured shirt with spaghetti straps, denim culottes and sandals, paired with aviator sunglasses, gold jewelry and braided hair.
Michelle was glowing as she danced over to the mother of media star Danielle Cadet and embraced her while wishing her a happy birthday. She was then filmed dancing to "Wobble" by V.I.C. with the crowd at Nomans restaurant.
"We love seeing our forever First Lady, michelleobama, enjoying nomansmv just like the rest of us," wrote Danielle in her Instagram caption. She added that Michelle had sweetly celebrated her mother's birthday, sharing: "Even though they had never met, she made it a point to show kindness and celebrate someone else's special day."
Michelle has been enjoying her summer and donning more relaxed fits, after she was heavily scrutinized for her sartorial choices during her time in the White House.
"As my popularity rose, I was being covered more, and so the press enters the scene, and there are now reports," she said on Call Her Daddy of the media attention she received ahead of her husband's presidential win. "So, the first thing after all this conversation and connection, the top of the article would be, 'She was wearing.' Not my education, not my professional career, but it started with appearance, but it got worse as we got better."
jC9y4GQXqPvOX
12 days ago
Former Obama White House counsel Kathy Ruemmler said she regrets interacting with the late convicted ******* offender Jeffrey Epstein and believes now it was a mistake, according to opening remarks she delivered to House committee investigators as part of a closed-door interview.
"If I knew then what I know now about who Epstein really was, I never would have accepted an initial meeting with him. It was a mistake to deal with him, and I regret it," Ruemmler said, according to prepared remarks provided to CNN. "But many people ******* ume that given everything we know now about Epstein, everyone who dealt with him before his 2019 indictment must have known everything then. In my case, that ******* umption is completely wrong."
Ruemmler was called to testify voluntarily by the Republican-led House Oversight Committee for a closed-door interview as part of the congressional probe into Epstein after numerous news stories scrutinized her ties to the disgraced financier. Reporting from CNN's KFILE detailed the extent of her relationship with Epstein, including that she was among a small group of advisers to help him ward off legal and reputational risk during the final years of his life.
Ruemmler did not specifically address how she sought to help Epstein protect his reputation in her opening remarks but did say, "even though I wasn't his lawyer, he sought my advice from time to time, as many people do. I was friendly with him in that context, and I dealt with him in my ordinary course — casually, informally, and sometimes irreverently." She also said that Epstein was never her client.
She said that she first met Epstein in 2014 — and explained how she came to learn about how Epstein pled guilty in 2008 to charges that included the solicitation of a minor for prostitution along with other offenses and why she continued to engage with him.
coo_madly0885
13 days ago
By Jonathan Stempel
July 14 (Reuters) - The Trump administration was sued on Tuesday by nine environmental groups that said its recent decision to rescind a more than 50-year-old definition of "harm" ‌imperiled wildlife.
In a complaint filed in Seattle federal court, the groups challenged determinations on July ‌10 by the U.S. Fish and Wildlife Service and National Marine Fisheries Service that "maintaining a freestanding definition of 'harm' is unnecessary," and degrading a habitat does not qualify under the Endangered Species Act as an illegal "take" of endangered and threatened wildlife.
Rescinding the definition of harm violates that law's plain language, defies reason, is arbitrary and capricious, and should be overturned, the complaint said.
The Trump administration has scaled back a variety of environmental initiatives and standards, ‌including by reducing government support for clean ⁠energy and repealing an Obama administration-era scientific finding that climate change threatens public health.
mucowe_du_h
18 days ago
Iran's latest attacks on commercial shipping in the Strait of Hormuz sent oil prices sharply higher in recent days — a reminder that Tehran can still rattle global energy markets.
But the latest spike also highlights a bigger question facing the Trump administration: Has Iran begun losing its ability to use the strategic waterway as economic leverage over Washington?
Growing oil production, alternative export routes and new shipping patterns suggest Iran's ability to weaponize the Strait of Hormuz may be steadily weakening — even if it can still trigger short-term price shocks.
Vance Rejects Claims Trump-iran Deal Echoes Obama-era Logic As Hawks Raise Alarm
Vice President JD Vance in late June linked global oil supplies directly to negotiations with Iran.
vokulofelitve4741
18 days ago
Rep. Jasmine Crockett, D-Texas, said her Democratic Senate primary race was "a racist race" in an interview published Wednesday and argued she didn't need to campaign with her former opponent and the party's nominee, James Talarico.
Crockett said at the Essence Festival alongside the hosts of the "Native Land" podcast that the best thing she could do for former primary foe Talarico was to endorse Black candidates down ballot so more Black voters turn out in November.
"The best thing that I can do is take down-ballot candidates who no one's ever heard of and do my best to uplift them and increase the voter participation in a way that we did in Texas," she said.
"You see, a lot of haters got a lot of things to say about me and my race and how I ran it," Crockett continued. "But the reality is that there was a lot of racist, not a lot, it was racist. It was a racist race. It is what it is, right? But we live in America as y'all are celebrating 250. OK? We know what this country is. But let me tell you the facts. There is no race that turned out more people to vote ever in the state of Texas except for Barack [Obama] and Hillary [Clinton]."
Watch: Obama, Harris Advisor Warns 'Betrayed' Black Voters Could Be Texas Senate Candidate's Kryptonite
1714hb05ji
19 days ago
By Amina Niasse
NEW YORK, July 8 (Reuters) - Companies offering Obamacare health insurance plans next year are requesting payment rates representing a 14% median increase ‌to premiums over 2026 rates, according to data from health policy research ‌group KFF.
The proposed rate for 2027 represents the second-highest increase since 2018, KFF said. Insurers must submit proposals to regulators by July 15, detailing expected costs and planned price changes ahead of the new year.
When insurance companies asked for a median rate hike of 18% last year, they pointed to an expected greater number of higher-risk, or sicker, patients enrolled ‌in the plans that would ⁠not be offset by less costly healthier enrollees.
Insurers expect the pool of patients with greater medical needs to increase premiums by 4% ⁠next year as healthy members continue to drop coverage in 2027. Wider economic inflation, rising costs of medications and increased consolidation of medical providers are also driving the increase in premiums, KFF said.
pixel
20 days ago
NEW YORK (AP) — Middle-income Americans straining to pay for Affordable Care Act health insurance are unlikely to get relief next year, according to a new ****** ysis that shows insurers in the marketplace are proposing a second straight year of double-digit premium hikes.
Across the 77 insurers in the ACA program that have submitted rate filings that are publicly available, the median proposed premium increase for 2027 is 14%, according to Wednesday's ****** ysis from the healthcare research nonprofit KFF. The insurers cited mounting healthcare costs, federal regulatory changes and the recent expiration of pandemic-era enhanced subsidies as the biggest factors driving premiums higher.
The rise in premiums adds to what already was a significant jump in 2026, when the median rate increase was 20%, according to KFF.
While most Americans in Obamacare still qualify for subsidies that protect them from paying the full premiums, middle-class enrollees who don't get those subsidies will face an especially stark increase in costs. That group includes households with incomes at or above 400% of the poverty level — about $63,000 per year for an individual or $129,000 for a family of four.
The rate increases come as federal lawmakers have proposed various policy changes to overhaul the expensive U.S. healthcare system, but no comprehensive legislation has amassed enough support to pass. The higher costs are contributing to Americans' existing worries about overall affordability, a concern that many voters say is front of mind with November's midterm elections looming.
stormsvl
20 days ago
The WNBA will host several All-Star weekend activities at the Obama Presidential Center in Chicago later this month, becoming the first professional sports league to christen the newly opened venue.
According to a WNBA news release, several of the All-Star break’s premier events — including media day and team practice — will be held July 24 at the center’s 60,000-square-foot athletic building. The center will also host Jr. WNBA Day, a day of athletic programming geared toward Chicago’s youth, and WNBA Changemaker Day, a community-centered leadership event that highlights a collaboration among the Chicago Sky, Obama Foundation and other local and corporate sponsors.
“Hosting AT&T WNBA All-Star events at the Obama Presidential Center is a true honor and reflects our commitment to creating connection through basketball and engaging communities in meaningful ways,” commissioner Cathy Engelbert said in a statement. “We’re excited to bring together the WNBA family and the greater Chicago community to create memorable experiences at this historic new venue.”
The center, which honors Barack Obama, the 44th president of the United States, sits on just over 19 acres of the iconic Jackson Park, making it one of two host sites for All-Star activities on Chicago’s South Side. The 3-point contest and skills challenge will take place at Wintrust Arena, home of the Sky, in the South Loop area July 24. Although the All-Star Game itself will tip off at the United Center on July 25, the downtown arena where the Chicago Bulls and Chicago Blackhawks play, the weekend’s marquee events will be held at different locations to bring the WNBA to more fans — and fans-to-be.
“We are thrilled to welcome the WNBA as our first professional sports league hosted at the Obama Presidential Center,” Valerie Jarrett, CEO of the Obama Foundation, said in a statement. “At the Center, we believe sports have the power to bring people together and create meaningful opportunities to build the next generation of leaders.”
wr188eyqevdawl2j
20 days ago
An $850 million facility, the Obama Presidential Center opened less than a month ago on the South Side of Chicago as the public home of former President Barack Obama’s legacy.
One if the many features in the sparkling new venue is a 60,000-square foot athletic building called “Home Court.”
And, later this month, women’s basketball players are moving in.
The WNBA announced Wednesday it will be using the Obama Presidential Center for several events during its All-Star Weekend in Chicago, including practices and media day.
"Hosting AT&T WNBA All-Star events at the Obama Presidential Center is a true honor and reflects our commitment to creating connection through basketball and engaging communities in meaningful ways," WNBA Commissioner Cathy Engelbert said in a statement. "We're excited to bring together the WNBA family and the greater Chicago community to create memorable experiences at this historic new venue."
tn46qovdvialyl6
20 days ago
Michelle Obama took to the stage at the 2026 ESSENCE Festival of Culture in New Orleans for a live conversation with Keke Palmer celebrating the launch of IMO: The Look, her new podcast series exploring personal style, identity and self-expression.
And I have to say, I'm loving this chapter of Michelle. Whether she's promoting a new project, appearing at cultural events or simply stepping back into the spotlight more often, every appearance feels like a reminder of why she remains one of the most admired women in the world. She continues to inspire through her words, her confidence and, of course, her fashion.
For the occasion, she wore a Proenza Schouler Fall 2026 dress styled by Thomas Christos Kikis, our favourite stylist, who has been behind so many of Gabrielle Union's standout fashion moments.
The strength of this Proenza Schouler dress lies in the contrast. The clean, sleeveless bodice provides a sleek foundation, while the asymmetric skirt panel, trimmed with fringe and scattered embellishments, gives the dress its identity. Without it, this would have been a beautifully cut black dress. With it, the look has personality,
Black pumps, delicate jewellery and Michelle's confidence did the rest. This is one of those looks that feels good on the runway, but finds its true purpose on the right woman. Michelle gave it the presence it needed.
uqwrhahokulmw
21 days ago
Neera Tanden and Shannon Watts, a pair of top Democratic political operatives, are calling on Maine Democratic Senate nominee Graham Platner to step down amid a bombshell rape allegation that emerged Monday.
Tanden, the CEO of the Center for American Progress, a center-left think tank that had deep ties to the Biden and Obama administrations, has been critical of Platner for months.
"I will remain incredibly angry at the people who didn't vet this candidate, but in life you don't get the best choices. Unless people show a lot more courage than they have," Tanden said in an X post that was re-upped Monday.
Top Platner Ally Turns On Him After Bombshell Rape Allegation Rocks Campaign: 'Red Line'
In addition to calling for his removal, Tanden and Watts are also strongly cautioning the party about its next move as the state nears the Nov. 3 general election.
aknweo
22 days ago
WASHINGTON (AP) — President Donald Trump on Sunday posted a falsified image of former President Barack Obama and his wife, Michelle Obama, waving before boarding an Air Force One that had been spray-painted with graffiti.
It came months after another racist post by the president that showed the couple as primates in a jungle. That one was deleted after stiff, bipartisan backlash.
The latest image shows the Obamas smiling and waving at the top of stairs alongside a baby blue and white presidential plane with graffiti painted on it that included the Democrat's campaign slogan "Yes We Can," "Obama" and "BLM," short for Black Lives Matter. The post also shows graffiti in Arabic on the plane that says the phrase "alhamdulillah," which means "praise be to God" or "thank God."
The use of graffiti is a coded message to remind people of crime and urban decay and has been used in racist messaging against Black people in the past.
Trump has a yearslong record of intensely personal criticism of the Obamas, and of using incendiary, sometimes racist, rhetoric. That includes everything from feeding the lie that Obama was not born in the United States to crude generalizations about majority-Black countries and posts that have sparked anger on his Truth Social website.
patchldp
24 days ago
President Donald Trump suggested during Friday's episode of "Storytime with the Second Lady" podcast that former presidents should have a reunion with him at the White House to watch football.
As Trump flipped to a page showing a president hosting a live viewing of the Super Bowl at the White House, he told second lady Usha Vance that it gave him an idea.
"Maybe I should invite Barack Hussein Obama, Joe Biden, with the Bushes — or Bush. Maybe I should invite some of those people to watch a football game together," he suggested. "Wouldn't that be a nice story? The press would go wild."
nmb0f
27 days ago
An Iranian political scientist once accused by the feds of working as an unregistered influence agent for Tehran has filed a $1 billion lawsuit against FIFA, ******* ociation president Gianni Infantino, and an unknown number of anonymous FIFA officials after the nation's World Cup team was eliminated from competition by a controversial on-field call.
Lotfolah Kaveh Afrasiabi, who, among other things, served as an official adviser to Iran's nuclear negotiation team when talks were underway with former president Barack Obama, is petitioning for class-action status on behalf of up to 91 million "Iranian nationals and/or Iranian-Americans who supported the Iran football national team and who were emotionally scarred by the flagrant discrimination against their beloved team," according to a civil complaint filed June 30 in federal court.
In it, the 68-year-old Afrasiabi takes issue with FIFA's "double standard, hypocrisy and outright discrimination" against the Iranian squad, which was stripped of a game-winning goal last weekend against Egypt following a video review that determined the scoring player had been offside. As a result of the 1-1 tie, Egypt advanced to the tournament's knock-out stage for the first time ever, while Iran was sent home.
Afrasiabi's complaint contends there exists "[c]lear and incontrovertible" proof that FIFA's "VAR" system, or, Video ******* istant Referee, made an "erroneous" decision "deliberately designed to deprive Iran of victory" in the June 26 match. The move to invalidate the goal by centre-back Shoja Khalilzadeh was immediately "slammed by the Fox Sports commentator [Zlatan] Ibrahimovic as a 'theft' requiring FIFA's apology to Iran, in light of the clear evidence that an Egyptian defender was well behind the Iranian players," according to the complaint.
"In effect, Defendants' actions complained of herein convinced the Plaintiffs and others similarly situated that Iran was 'robbed' of victory and the chance for advancing to the knock-off stage of the World Cup, thus creating a traumatic experience of victimization on their part," the complaint states.
CrasH57
28 days ago
Former President Barack Obama blamed a splintered media landscape for the lack of a second Obama-like political figure emerging on the national stage during an interview on Tuesday.
NBC "Today" co-host Craig Melvin talked to the former president about the new Obama Presidential Center in Chicago on his "Glass Half Full" podcast and told him, "You've always represented a lot of different communities, but there has always been this singularity to your story. Earlier this week, one of your former aides was talking on one of these cable shows and said Democrats should stop looking for Obama 2.0. Not gonna happen."
"Do you think in the current climate that someone like you with your background and your story, do you think that you could break through now the same way you did back in '07, '08?" Melvin asked Obama.
"I do think it's harder because of the nature of your business, the media, it's more splintered," Obama said.
Obama Chooses Supporter Stephen Colbert For Debut Interview At Controversial Presidential Center
3vltcl64
28 days ago
Nike (NKE) needs a slam dunk quarter on Tuesday to begin reversing one of the worst-looking stock charts in all of retail.
The insight: Nike stock is now trading at more than 11-year lows, per Yahoo Finance AlphaSpace data, taking the shares back to a price last seen during the presidency of basketball-loving Barack Obama. The stock is down a startling 36% this year and 43% over the past 12 months.
What's behind the stock move: To prevent further declines, Nike's quarter this week can't look any worse than the one shared three months ago.
The report was littered with red flags as it undergoes a restructuring under CEO Elliott Hill and tougher competition from the likes of Adidas (ADS.DE) and upstarts such as On Holding (ONON).
On top of that, Nike has faced continued pressure on its all-important China business. Sales in China fell 10% from the previous year, with digital sales down 21% and wholesale off by 13%.
bup_judafo_mexf3
29 days ago
As I watched highlights from the recent opening of the Obama Presidential Center, I couldn't help but remember the night I first heard then-Sen. Barack Obama (D-Ill.) make his pitch to Iowa caucusgoers in 2008.
It was at that moment I understood something truly profound was happening. Obama was charting a new direction in presidential politics. I wanted to be aboard his ship.
Lucky for me, I had two chances to meet Obama before he was elected president. The first was in June 2007, when I spent 45 minutes introducing him to a gathering of 30 prominent Democrats in Orange County. The second was the month before he traveled to Denver to accept the Democratic Party's presidential nomination in 2008. That's when Obama stopped by the Balboa Bay Club for a major fundraiser.
When it was my turn to have my picture taken with him, he warmly greeted me by saying, "I remember you from last year." I was both thrilled and momentarily speechless.
After the photos were taken, I moved away from Obama's right shoulder, but not before turning back and saying to him, "Senator, we're all counting on you."
packe5
1 month ago
One of the more unique aspects of Former President Barack Obama was that he would answer 10 letters from Americans a day. The letters came from around the country and covered just about any topic imaginable. Some of those letters are on display at the Obama Presidential Center in Chicago — and in a recent interview, Obama got a video update from one letter writer that prompted an emotional response.
As the former president put it, "That was a setup."
The letter in question was written by a then 7-year-old who'd lost her mother to cancer. Her mom was able to vote for Obama in 2008, just before she died. The president wrote back about the loss of his own mother, who died in 1995.
In the video he shared on social media, Obama gets an update about how the letter writer is doing. "I feel a lot of emotions right now, mainly peace and pride, knowing that my mother's legacy continues to live on not only through myself but now at the Obama Presidential Center," the now 24-year-old Emily said.
"I also feel very grateful to be able to report back 17 years later. And I'm happy to say that I was able to graduate college with a BSN and have since become a registered nurse. I would like to take this opportunity also to thank President Barack Obama for everything he has done, as well as always reminding me to dream big dreams."
madlyna
1 month ago
Oil prices remain headline-driven, taking direction from escalation and de-escalation in the U.S-Iran conflict in the near term. The first round of talks between the United States and Iran in Switzerland has concluded with positive comments from both sides, and an agreement to push for a final agreement within 60 days. However, there's considerable scepticism about whether more complex issues around nuclear technology and transit through the Strait of Hormuz can be fully resolved in the short timeframe. After all, the Joint Comprehensive Plan of Action (JCPOA) deal in 2015 took ~20 months of formal talks under former U.S. President Barack Obama. Brent crude for August delivery fell 4.79% to trade at $73.39 per barrel at 2.50 pm ET on Wednesday, the lowest settlement price since March 2nd, while the corresponding WTI crude contract was down 4.23% to change hands at $70.11/bbl.
According to commodity ***** ysts at Standard Chartered, the 200-day moving average (at $78.71/bbl on 23 June) has provided a level of support. However, that has proven to be insufficient during oil price selloffs at the 76.4% Fibonacci retracement at $73.74/bbl.
Both crude grades are firmly in oversold territory, with a relative strength index (RSI) of 29.07 for Brent and 28.13 for WTI crude. StanChart reports there has been a sharp rise in confirmed crossings of the Strait of Hormuz, with 71 total transits recorded from 19-21 June. However, these transits remain opportunistic and cautious, with the Strait still vulnerable to short-term closure, particularly after US-Iran rhetoric escalated during the latest round of talks.
Related: U.S. Crude Inventories Post Another Major Draw
While formal announcements around the timeline for normal operations to resume have been limited, the ***** ysts project that oil supply normalization is unlikely to occur before the third quarter of the current year.
mucowe_du_h
1 month ago
WASHINGTON (AP) — The Supreme Court cleared the way Thursday for the Trump administration to potentially revive an immigration policy once used to turn back migrants seeking asylum at the U.S.-Mexico border.
The justices, in a 6-3 decision, overturned a lower court order blocking the practice that limited the number of people who could apply for asylum each day, first under the Obama administration and then expanded during President Donald Trump's first term.
Advocates said the tactic created a humanitarian crisis as thousands of people settled in unsafe makeshift shelters along ports of entry to await their turn for days or months. The Trump administration said it was necessary to deal with an increase in asylum seekers at the border.
The policy is not in place now, and crowds are much thinner as authorities have imposed other restrictions on asylum seekers. The Department of Homeland Security did not say if it plans to revive it, but applauded the ruling. "This decision opens up an important tool to continue securing our southern border," said James Percival, the agency's general counsel.
The administration argued that metering is a critical tool used by presidents of both parties and should remain available. Federal attorneys say people turned away at the border could come back later, though lines were thousands of people long when the policy was in place before.
stormsvl
1 month ago
UFC fighter Josh Hokit doubled down on his description of former first lady Michelle Obama, claiming he meant no ill will when he called her “a man” after winning his bout at the UFC Freedom 250 event at the White House.
“I thought I was giving her a compliment,” he said on "The Ariel Helwani Show," prompting the host to inform him that no one received the remark that way.
“Michelle Obama being a man,” Hokit continued. “It’s like, she knows how to deal with adversity. She knows how to work hard like a man when the times get tough.”
He added: “I thought it was a perfect opportunity to show the world how great this country is with freedom of speech.”
The fighter also emphasized he had no regrets over the comments, noting, “You’ll never hear me backtrack from what I say.”

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