Zero Hedge

"Will Bring Country To Halt": Far-Left NGOs Prepare To Mobilize Children As 'Ice Out' Protesters

"Will Bring Country To Halt": Far-Left NGOs Prepare To Mobilize Children As 'Ice Out' Protesters

A network of far-left nonprofits linked to Marxist financier Neville Roy Singham is leveraging Minnesota-based Black and Somali student organizations to mobilize child protesters in a planned "ICE Out of Everywhere" action on Friday, assessed as a coordinated general strike intended to inflict economic disruption amid widespread protests following multiple fatal shootings of protesters by federal immigration agents in Minneapolis.

"We support the call from Minnesota-based Black and Somali student organizations — on Friday, January 30, join the national day of action to say ICE OUT OF EVERYWHERE!" Party for Socialism and Liberation (PSL) wrote on X.

PSL continued:

Last Friday, people from all walks of life came together in the Twin Cities and all across Minnesota had a day of "no work, no school, no shopping" and shut it down. It captured the imagination of the whole country. They've shown the way for all of us — to stop ICE's reign of terror, we need to SHUT IT DOWN. What happened in Minnesota can happen across the entire country.

Now is the decisive moment. The Minnesota General Strike has given us a historic opening. If we all take a stand now, we can stop the killings and the kidnappings, and end Trump's war on our most basic rights!

Make a plan. Organize your people. Stay tuned for actions this January 30 around the country.

Just the News reports that anti-ICE protests involving children and business shutdowns - one that can only be viewed as a general strike - are being planned nationwide.

Key organizers and promoters include the People's Forum, Party for Socialism and Liberation, BreakThrough News, Code Pink, and the ANSWER Coalition, with heavy coordination via social media and a central "National Shutdown" website.

Left-wing activist Linda Sarsour declared that "we will bring this country to a halt."

As assessed last week, Minneapolis protests have moved beyond normal demonstrations toward deliberate targeting of critical economic chokepoints, with left-wing activists exploiting public outrage over federal agent shootings as a catalyst to sow chaos from within the nation. 

Meanwhile...

Just wait until warmer weather arrives; the Trump administration will face a protest-industrial complex that will likely deploy assets across major sanctuary cities.

Get ready for spring. 

Tyler Durden Wed, 01/28/2026 - 19:40

Why Your Brain Overreacts To Fear - And How To Fix It

Why Your Brain Overreacts To Fear - And How To Fix It

Authored by Debbie Cohen via The Epoch Times (emphasis ours),

We’ve all been there: that jolt of panic before a job interview, the knot in your stomach while public speaking, the dread during a difficult conversation. Your heart pounds, your breath turns shallow, and your palms sweat. Your body reacts as if physical danger is imminent, even when it’s not.

At the center of our fear response is the amygdala, an almond-sized structure deep in the brain. Kateryna Kon/Shutterstock

This surge of anxiety stems from your brain’s fight-or-flight response. It is designed to protect us from threats, but modern life sets it off every time we get stuck in traffic or think our coworker is upset with us. When activated repeatedly, it can fuel high blood pressure, weakened immunity, anxiety disorders, and burnout.

Getting the fight-or-flight response properly tuned requires a counterintuitive solution. Neuroscience suggests that we need to expose ourselves to what unsettles us.

Why Modern Stress Makes Fear Harder to Regulate

If our collective mental health is any indicator, people are struggling. According to research from Moodle, conducted by Censuswide, approximately 284 million people, or about 3.5 percent of the world’s total population, have an anxiety disorder, while 66 percent of American employees report experiencing burnout.

These aren’t separate problems; they’re symptoms of brains stuck in perpetual threat mode, unable to distinguish between psychological discomfort and physical danger.

The Epoch Times asked Supatra Tovar, a licensed clinical psychologist and wellness expert, how these findings reflect acute stress turning into chronic stress. Tovar noted that chronic tension is directly linked to the brain’s fear circuitry.

The amygdala becomes harder to regulate when a person is exposed to repeated uncertainty or alarm.

“Over time, the nervous system starts treating these inputs like real danger, making it difficult for the body to return to a calm baseline.”

Why Your Brain Overreacts

At the center of our fear response is the amygdala, an almond-sized structure deep in the brain responsible for detecting threats and triggering rapid emotional reactions. However, it can be trained to calm down.

How can something the size of an almond cause so much trouble? Because its job lies at the heart of human experience. The amygdala is the region of the brain associated with emotional processing, and it constantly scans for threats like a smoke detector ready to sound the alarm.

Under normal circumstances, the logical prefrontal cortex runs the show, handling executive function and rational decision-making. However, when the amygdala senses danger, it hijacks the system entirely.

“That irritation shows up in the autonomic nervous system. These changes happen automatically and instantly,” Dr. Allan Bernstein, a California-based neurologist who has spent decades bridging the gap between scientific investigation and clinical practice, told The Epoch Times.

When this protective system becomes hypersensitive, it can trick the brain into perceiving threats where none exist. The amygdala doesn’t distinguish between real-time danger and imagined scenarios. It can be activated by memories, sensory cues, or hypothetical fears, such as standing near the edge of a high balcony, even if you’ve never fallen.

However, said Bernstein, “Once you know how the amygdala works, you can stop being afraid of your own reactions. And once you’re not afraid of the reaction itself, you can learn how to slow it down.”

Steps for Retraining Your Fear Response

The brain is capable of change throughout life, a quality known as neuroplasticity. One study shows that an effective way to retrain fear circuits is through gradual, controlled exposure to anxiety-provoking situations. However, patience is key, as it’s a process that requires repetition and can take months to master.

Rewiring the brain is best approached in small, manageable steps, according to Pankhuri Aggarwal, who has a doctorate in clinical psychology. An assistant professor of psychology at the University of Cincinnati, she has studied how culture and context shape mental health.

The amygdala learns from direct experience, while the prefrontal cortex learns from interpretation, Aggarwal told The Epoch Times.

“When someone gradually engages with something that makes them anxious while still feeling safe, the amygdala begins to realize that the situation is not dangerous, and the prefrontal cortex becomes more efficient at down-regulating that fear response. We sometimes describe this as building the ‘fear-regulation muscle,’” she said.

3 Elements That Make Exposure Effective

Essentially, repeated, tolerable exposures help the brain form new associations, shifting from threat to safety. Over time, the prefrontal cortex becomes quicker and more automatic in calming the amygdala.

Aggarwal emphasized that fear responses shift most effectively when several conditions are present:

  • Predictability, so you know what to expect
  • A sense of control, meaning you choose to engage rather than being forced
  • Repeated practice, which allows the brain to learn through experience

“People gain confidence surprisingly quickly once they learn that the initial spike of fear does not last forever. That realization alone can dramatically shift how their brain responds in the future.”

For example, an actor suffering from stage fright is usually less nervous after opening night. With each subsequent performance, the brain learns: “I survived. Nothing bad happened. I can do this.”

Aggarwal cautioned against common mistakes people make when trying to face their fears, including going too big too fast, avoiding discomfort, and facing fear without support or structure. For people with severe anxiety or trauma histories, she noted that these steps are best taken with the support of a mental health professional.

Resilience, she stressed, is not the absence of fear. “Fear is an adaptive part of how we stay safe. Resilience comes from recalibrating the fear system so it responds proportionately. Small, consistent steps toward feared situations help people feel capable again, and that sense is often what truly changes lives.”

Habits That Reset Your Stress Response

To counter chronic stress, Aggarwal advised building simple, consistent habits that signal safety to the nervous system, including:

  • Slow, steady breathing
  • Brief grounding pauses
  • Mindful movement
  • Limits on news and social media consumption
  • Reconnection with others in real life

“Human connection is not just comforting; it is biologically stabilizing, helping the brain recalibrate away from chronic threat and back toward balance,” she said. She added that even small steps—a short walk outside, a phone call with a friend, or a few minutes of controlled breathing—help deactivate unnecessary fight-or-flight responses.

Reframing How We View Fear

Although most people want to avoid things that make them anxious, fear is not our enemy. Doing the thing that scares us can be an opportunity for growth.

Thomas Plante, who has a doctorate in clinical psychology and is a psychology professor at Santa Clara University in California, told The Epoch Times, “This might seem counterintuitive, but research over many years and with many different populations has clearly indicated that gradual exposure to fears helps us to overcome them.”

This approach, known clinically as exposure therapy with response prevention, is one of the most evidence-based treatments for anxiety disorders and fears. It is effective for anxious situations, such as public speaking, as well as specific phobias, including snakes, spiders, and airplanes.

The Takeaway

Fear isn’t the villain. It’s a signal that evolved to protect us, even if it sometimes misfires in modern life. However, it does not have to hijack the body.

With awareness and consistent practice, experts say that unnecessary fear can be reshaped into a source of resilience rather than a threat to our well-being.

Tyler Durden Wed, 01/28/2026 - 19:20

2026 Brings Big Changes To Charitable-Deduction Rules

2026 Brings Big Changes To Charitable-Deduction Rules

Now that we're into 2026, many provisions of last year's One Big Beautiful Bill Act (OBBBA) are coming to life. One set of tweaks brings major changes to the tax treatment of charitable contributions, getting non-itemizers back into the tax-saving game but curtailing tax benefits for itemizers and higher-income filers. 

Ever since standard deductions were nearly doubled in 2018, far fewer Americans have been itemizing their deductions -- only about 9% in recent years. For the masses, that reduced the appeal of charitable donations, since the only way to benefit from contributions was via an itemized deduction. Losing a major selling point, the country's charities pushed for the creation of an "above-the-line" deduction for non-itemizers. With the 2025 OBBBA, their ship came in. 

Which organizations are on your 2026 donation list? Let us know in the comments

In 2026, single people who take the standard deduction can deduct up to $1,000 in cash gifts to qualified 501(c)(3) public charities. For married couples, it's $2,000. You can't take an above-the-line deduction for contributions to donor-advised funds or private foundations. As usual, the IRS requires that you have a written acknowledgement from a charity that you give $250 or more. Unlike itemized charitable contributions, there's no carry-forward for contributions that exceed your cap on the deduction in a given year. This new deduction feature of the tax code has no expiration date, and it will be adjusted for inflation going forward.

Non-profit institutions are welcoming the change. "The new above-the-line deduction will make it easier for Americans to support causes they care about,” says Daniel McAdams, executive director of the Ron Paul Institute for Peace and Prosperity. "A healthy non-profit sector is critical to a free society."   

While the OBBBA is all good news for the standard-deduction crowd, the new law tightened charitable tax-deductions for those who itemize. Specifically, they can only deduct charitable gifts to the extent they exceed 0.5% of adjusted gross income. For example, if your 2026 AGI is  $100,000, you can only deduct the amount of your total contributions that exceeds $500. So, if you made a total of $2,000 in donations to all your chosen charities, you could only take a $1,500 itemized deduction.

In light of that 0.5% AGI floor, one way for itemizers to optimize donations is by "bunching them" in a single tax year. With that strategy, someone who'd intended to donate money to charities at a pace of $2,000 per year might instead donate $4,000 in 2026 and then come back with another round of bunched contributions in 2028.  

OBBBA also brought a new reduction in tax benefits enjoyed by high-income donors. Generally, taxpayers can calculate the benefit of a tax deduction by multiplying it by their marginal tax rate. For example, someone who's in the 22% tax bracket gets $22 in tax benefits for a $100 donation. Now, however, those in the highest 37% tax bracket will see their tax benefit limited to 35%. In 2026, the 37% bracket applies to taxable income above $640,600 for singles and $768,700 for married couples filing jointly. 

While US nonprofits are getting a boost in the form of the new above-the-line deduction, they also face economic headwinds thanks to the declining power of the US dollar, and increased prices thanks to tariffs. "47% of charitable donors have given less in the past 12 months due to inflation," nonprofit fundraising and marketing firm RKD Group reported in September.  

Tyler Durden Wed, 01/28/2026 - 19:00

US Launches Revamp Of FAA To Improve Safety, Modernize Airspace Operations

US Launches Revamp Of FAA To Improve Safety, Modernize Airspace Operations

Authored by Aldgra Fredly via The Epoch Times,

The Trump administration on Jan. 26 unveiled what it described as the largest overhaul of the Federal Aviation Administration (FAA) in the agency’s history to enhance safety and support modernization efforts.

The overhaul includes launching an airspace modernization office to oversee the installation of a new air traffic control system and creation of an advanced aviation technologies office to oversee the integration of drones and other air mobility vehicles into U.S. airspace, the Department of Transportation (DOT) said in a statement.

The FAA will also move more key leadership posts to permanent roles and consolidate management of finance, information technology, and human resources under the administrator, according to the DOT.

The department said the restructuring of the aviation regulator will not result in workforce reductions.

“It’s important that we have the right people in the right places to do the best work possible,” FAA Administrator Bryan Bedford said in the statement. 

“These actions will put permanent leaders in place who embrace innovation, share safety data and insights freely and are focused on deploying a brand-new air traffic control system all while integrating key innovation technologies into the new National Airspace System (NAS).”

DOT said the restructuring is intended to strengthen the FAA’s safety foundation and modernize the national airspace system.

The National Business Aviation Association (NBAA) expressed support for the FAA overhaul, saying it would help tackle current challenges facing the aviation industry.

“The FAA’s new structure makes the changes required to increase operational efficiency, foster innovation and empower the bold action needed to build an aviation system that in many ways will redefine air transportation,” NBAA CEO Ed Bolen said in a statement. 

“More than just a ‘re-org,’ this plan re-envisions what America’s aviation system is, and how it can best serve all stakeholders, now and in the decades to come.”

The announcement came just weeks after the FAA awarded contracts to RTX and Indra to replace the nation’s aging radar system as part of efforts to enhance the agency’s safety oversight.

Transportation Secretary Sean Duffy (L) and FAA Administrator Bryan Bedford hold a press conference at the U.S. Department of Transportation Headquarters in Washington on Nov. 5, 2025. Tasos Katopodis/Getty Images

The DOT said on Jan. 5 that the two companies will replace up to 612 old radars across the United States with modern surveillance radars by June 2028. The replacement process will kick off this year and prioritize high-traffic areas, it added.

“While our air travel system is the safest in the world, most of our radars date back to the 1980s. It’s unacceptable,” Transportation Secretary Sean P. Duffy said at the time.

The One Big Beautiful Bill Act, signed by President Donald Trump in July 2025, allocated $12.5 billion to modernize the nation’s air traffic control system. The amount is appropriated to the FAA administrator and would remain available until Sept. 30, 2029.

Out of the total funds, $3 billion was set aside for radar systems replacement, $1.9 billion for building a new air route traffic control center, and $1 billion for terminal radar approach control facilities.

Tyler Durden Wed, 01/28/2026 - 18:40

"How Silly It Would Be": Columbia Student Explains Why She Did Not Report Her Own Gang-Rape To Protect Attackers

"How Silly It Would Be": Columbia Student Explains Why She Did Not Report Her Own Gang-Rape To Protect Attackers

Authored by Jonathan Turley,

Columbia PhD candidate, Anna Krauthamer, has caused a stir over her column in the far-left Nation on “Why I Didn’t Report My Rape.”

The reason?

Krauthamer is a prison abolitionist and wanted to protect her rapists, saying it would be “silly and strange” for her to subject these rapists to the carceral state. Instead, she allegedly allowed multiple rapists to potentially rape other women.

In her column, Krauthamer alleged that she was gang raped in a Las Vegas hotel room for several hours.

She explained that she “never did anything about it” and  “the simple answer to the question of why I never reported the rape is that I believe in the abolition of police and prisons.”

She added:

“The prospect of being a participant in other people’s incarceration is as alien to me as anything could be, to the point that I can only conceive of it in childish terms – how silly and strange it would be to have a group of people incarcerated at my expense when doing so would do nothing to fix the damage they have already so thoroughly done.”

Rather than having concerns about future victims, Krauthamer said that these rapists would be the victims of a carceral state:

“I don’t want to ruin the lives of my rapists, and I don’t know if they have children. The only thing I want is for them to have never done what they did to me – and nothing, including sending them to prison, will ever change that reality.”

Whether you call it virtuous or virtue-signaling, the suggestion is that rapists would never be sent to prison for their crimes in a nation without prisons.

This is a PhD candidate at a leading university.

She is not alone.

Some faculty members have espoused the same anarchist position. In places like Columbia, this absurdist position is considered intellectually valuable while the faculty has largely purged any conservatives and libertarians from their ranks.

What is particularly astonishing is that, according to her X profile, Krauthamer is a PhD candidate working on “sexual violence & contemporary fiction.”

Tyler Durden Wed, 01/28/2026 - 17:05

Russian Crew Of Seized Tanker Finally Freed By US, On Their Way Home: Kremlin

Russian Crew Of Seized Tanker Finally Freed By US, On Their Way Home: Kremlin

Washington has quietly released two Russian sailors detained earlier this month by the US Navy's enforcement arm of Venezuela sanctions, according to Russian Foreign Ministry spokeswoman Maria Zakharova on Wednesday. "Two Russian sailors have been released and are on their way home to Russia," she announced.

The men were part of the crew aboard the Russian-flagged oil tanker Marinera (formerly Bella 1), which was intercepted and seized on January 7 in the North Atlantic after being tailed by US authorities from the Caribbean.

Source: Marine Traffic

US officials claim the vessel - chartered by a private company - was skirting Washington's oil embargo on Venezuela. "We welcome this decision and express our gratitude to the US leadership," Zakharova had also said.

The tanker's multinational crew totaled 28, including 17 Ukrainians, six Georgians, three Indians, and just two Russians - the latter now released - underscoring once again how US sanctions enforcement routinely sweeps up foreign nationals far removed from Washington's geopolitical score-settling.

American officials had earlier threatened that the Marinera's crew could face prosecution in the United States, which Russia warned would be "categorically unacceptable."

Russia's foreign ministry threatened serious escalation at a moment both sides are seeking to improve delicate bilateral relations, saying such a move will "only result in further military and political tensions," adding that it was worried by "Washington's willingness to generate acute international crisis situations."

But days ago the Kremlin previewed that the US was preparing to release the Russian nationals "in response to our request" - while the fate of the other detained crewmembers remains unknown, and their respective embassies are likely lobbying for their swift release.

But a real and potentially explosive crisis has thankfully been avoided here, and the Kremlin disclosed that it directly appealed to the Trump administration to quickly release the Russian crewmembers.

The explosive situation could have easily spiraled, given also the rare presence of a Russian submarine so near in proximity to US maritime forces.

As for US policy in post-Maduro Venezuela, the US is making slow moves to reopen the embassy in Caracas, amid ongoing talks with interim leader Delcy Rodríguez (or should we say 'directives' given to...).

On Tuesday, Reuters reported that the US is preparing to issue a general license - a move that would enable a sweeping rollback of sanctions, replacing the piecemeal waiver system used until now.

Tyler Durden Wed, 01/28/2026 - 16:45

Meta Stock Jumps Despite Soaring Capex, Expense Forecast

Meta Stock Jumps Despite Soaring Capex, Expense Forecast

As we wrote in our Mag 7 earnings preview, investor sentiment has soured considerably on META since the Q3 25 print when it became abundantly clear that Zuckerberg’s foot remains firmly pressed down on the OpEx/capex accelerator.

To date, investors have seen little tangible evidence that the Meta Superintelligence Lab is capable of producing a leading edge model, and as JPM sais, "we won’t receive clarity on that issue this print. (But we may get some in the March/April timeframe when Avocado might launch.)" Looking at this quarter specifically, investors’ attention will be focused squarely on the 2026 OpEx guide (can’t be bigger than feared) as well the Q1 26 Revenue guide (needs to show a modest FXN acceleration on an easier comp). All told, investor sentiment on META heading into this print was at best ‘timid’, with many looking for the trade-off between massive capex and returns on investment.

Going into earnings, Goldman's desk wrote that investor positioning is 7/10, and notes that the stock has been a relative short amongst Mag7 peers for investors since the last earnings print on ROI debates + Product visibility (LLMs? New products? Other?). Into the print, focus on visibility into Meta's expense profile in 2026 (for context, Goldman sits at $125bn of capex in ’26 and $152bn of total expenses) relative to Revenue trends (Goldman models nearly ~20% ad revs growth in CY26). The options implied move of the stock is 6%. 

With that in mind, here is what Meta reported moments ago for Q4.

  • Revenue $59.89 billion, +24% y/y, beating estimate $58.42 billion 
    • Advertising rev. $58.14 billion, +24% y/y, beating estimate $56.79 billion
    • Family of Apps revenue $58.94 billion, +25% y/y, beating estimate $57.47 billion
    • Reality Labs revenue $955 million, -12% y/y, missing estimate $962.7 million
    • Other revenue $801 million, +54% y/y, beating estimate $718.8 million

  • Operating income $24.75 billion, +5.9% y/y
    • Family of Apps operating income $30.77 billion, +8.6% y/y, estimate $30 billion
    • Reality Labs operating loss $6.02 billion vs. loss $4.97 billion y/y, estimate loss $5.8 billion
       
  • Operating margin 41% vs. 48% y/y
     
  • EPS $8.88 vs. $8.02 y/y, beating estimates of $8.19

Some other Q4 details:

  • Ad impressions +18% vs. +6% y/y, estimate +12.2%
    • Average price per ad +6% vs. +14% y/y, estimate +9.07%
  • Average Family service users per day 3.58 billion, +6.9% y/y, estimate 3.56 billion

What is probably more important to investors is where did capex end in Q4: the answer, $21.4BN, up more than 50% YoY from $14.4BN a year ago.

Some more comments from management on the quarter:

  • “We had strong business performance in 2025,” CEO Mark Zuckerberg said. “I’m looking forward to advancing personal superintelligence for people around the world in 2026”
  • “We expect first quarter 2026 total revenue to be in the range of $53.5-56.5 billion.”
  • “Despite the meaningful step up in infrastructure investment, in 2026 we expect to deliver operating income that is above 2025 operating income.”
  • “Absent any changes to our tax landscape, we expect our full year 2026 tax rate to be 13-16%.”
  • “We expect full year 2026 total expenses to be in the range of $162-169 billion.”
  • The company will continue monitoring legal and regulatory headwinds in the EU and the US. It continues to see scrutiny on youth-related issues, which may result in material loss

In a nutshell, the historical numbers were solid. What about the future? This is the company's outlook:

Q1 revenue in the range of $53.5-56.5 billion, higher than the $51.3BN estimate (assumes FX is a ~4% tailwind to year-over-year total revenue growth)

Full year 2026 total expenses to be in the range of $162-169 billion, much higher than the $151BN expected.

  • company says the majority of expense growth will be driven by infrastructure costs, which includes third-party cloud spend, higher depreciation, and higher infrastructure operating expenses)
  • The second-largest contributor to total expense growth is employee compensation, driven by investments in technical talent. This includes 2026 hires to support our priority areas, particularly AI, as well as a full year of expenses from 2025 hires.
  • At a segment level, we expect expense growth to be driven by the Family of Apps, with Reality Labs operating losses remaining similar to 2025 levels.

Last but not least, META's 2026 capex forecast was an absolute stunner: the company said that it anticipates 2026 capital expenditures to be in the range of $115-135 billion.

  • The majority of expense growth will be driven by infrastructure costs, which includes third-party cloud spend, higher depreciation and higher infrastructure operating expenses.
  • The second-largest contributor to total expense growth is employee compensation, driven by investments in technical talent. This includes 2026 hires to support our priority areas, particularly AI, as well as a full year of expenses from 2025 hires.

This number is much, much higher than the $110.62BN median estimate, and represents a doubling in capex YoY.

Putting it together, the Q4 beat, and the Q1 guidance beat, are up against the concerns about that spending figure. If Meta hits the high range of that estimate, it’s close to a 90% year-over-year jump in capex. And while the kneejerk reaction was the punish the stock, some algo ended up liking the mindblowing capex spending projection, and has pushed META almost $100 from its after hours low. 

Indeed, META has dumped and pumped after hours: after initially dumping on the report of the blowout expense/capex surge, it was as if a relentless buyer stepped in and moved the stock from the session low of $637 to what has so far been an after hours high of $721.

So how it is possible that the stock is surging on the exact same setup which sent it crashing last quarter? It appears that Meta ad growth is letting investors brush off the eye-popping spending increase. It’s a different story over at Microsoft, whose shares are currently sharply lower after increased spending alarmed shareholders. Microsoft released its earnings around the same time as Meta.

Yet we would be very cautious chasing the stock here as the exact same questions that emerged last quarter are bound to resurface, namely just what return is Meta expecting to generate on this mindblowing capex spending.

Tyler Durden Wed, 01/28/2026 - 16:30

Rubio Says We Must "Preemptively Prevent" Iran From Attacking US Forces Already In Region

Rubio Says We Must "Preemptively Prevent" Iran From Attacking US Forces Already In Region

Update(1629ET): One Mideast regional analyst has pointed to a significant contradiction in the current White House stance and rhetoric on Iran, amid the military threats and build-up, and suggests this time the warnings of US action are much more serious:

If you read Trump's latest post on Iran carefully, you will understand what America's real worry is. Until now, Trump was talking about the protesters. But today, he said time is running out for Iran to make a nuclear deal. "No nuclear weapons", he wrote. If you remember correctly, after the June 22 attack on Iran, Trump had claimed that he had "obliterated" Iran's nuclear program. And Iran's nuclear program had gone dark after the June war because Iran denied access to the IAEA to the bombed facilities. If Trump had obliterated Iran's nuclear program in June 2025, why does he want a nuclear deal in January 2026

"This is the core issue, not democracy and human rights," the analyst, Stanly Johny, writes. Indeed in the halls of power it's very unlikely that Western officials actually believe this is all about "standing with Iranian protesters" (which by the way many days ago subsided). Another X commenter pointed back to the several regime change conflicts of the last couple decades:

"Free Iran" means exactly what "Free Iraq," "Free Libya," and "Free Syria" meant. That is the material reality, however you try to spin it. Either you’re calling for another US-engineered destruction, or you’re so politically naive your opinion can be automatically disregarded.

In the meantime, America's top diplomat has just come up with a whole new category and 'justification' for potential US attack on Iran: "preemptively prevent"... Watch below:

Rubio said during the Wednesday Senate Foreign Relations Hearing focused on Venezuela, "And so I think it’s wise and prudent to have a force posture within the region that could respond and potentially, not necessarily what’s going to happen, but if necessary, preemptively prevent the attack against 1000s of American servicemen and other facilities in the region. And our allies." But ironically this is just after admitting the US ordered additional assets to the region in the first place, which are the same assets now supposedly under threat by Tehran.

"I hope it doesn’t come to that, but that’s I think what you’re seeing now is the ability to posture assets in the region to defend against what could be an Iranian threat against our personnel," the secretary of state said. 

* * *

Things between Tehran and Washington are moving fast according to an eerily familiar pattern hearkening back to the lead-up to the 12-day June war, when there was some wrangling over negotiations - and talk of good faith efforts at dialogue - just before the US greenlighted a surprise Israeli attack which also saw US entry into the conflict by the close of it (whereupon nuclear facilities were hit by American bombers).

"Our stance is clear," Iran’s Foreign Minister Abbas Araqchi said Wednesday as the US has expressed the desire to strike a deal. "Negotiations don’t go along with threats, and talks can only take place when there are no longer menaces and excessive demands."

  • IRAN SAYS WILL RESPOND TO US 'LIKE NEVER BEFORE' IF PUSHED
  • IRAN SAYS READY FOR TALKS WITH US BASED ON MUTUAL RESPECT
  • OIL PARES GAINS AS IRAN SAYS ITS READY FOR TALKS WITH US

Araqchi confirmed his country has had no recent communication with US special envoy Steve Witkoff and has not sought talks with Washington. President Donald Trump said Tuesday that another US "armada" was moving "beautifully" toward Iran, but he hoped Tehran would ultimately strike a deal and avoid conflict.

via The Australian 

The Iranian FM noted, however, that unnamed intermediaries were "holding consultations" and remained in touch with Iranian officials.

Separately, Iranian President Masoud Pezeshkian told Saudi Crown Prince Mohammed bin Salman on Tuesday that Tehran supports any process "within the framework of international law" that helps avert war. The Saudis have joined the UAE in declaring that the US cannot use its airspace for aggression against Iran

This shouldn't pose too big a challenge for the Pentagon, however, which has a build-up of assets at its Qatar base and with a carrier group near Iran in regional waters.

But The Wall Street Journal disagrees, saying this could be a significant setback if the White House wishes to pursue war plans:

The declarations from the two Gulf states represent a foreign policy setback for the Trump administration as it seeks to ratchet up pressure on Tehran, which has defied Washington’s demand that it halt uranium enrichment and end the suppression of protesters.

Crown Prince Mohammed bin Salman, the kingdom’s de facto leader, outlined his country’s position while talking by phone with Iranian President Masoud Pezeshkian. 

A Saudi readout of the Tuesday call said the crown prince had stressed that the kingdom “will not allow its airspace or territory to be used for any military actions against Iran.”

Previously, during Monday remarks, President Trump said "They want to make a deal. I know so. They called on numerous occasions. They want to talk." He added ominously, "We have a big armada next to Iran. Bigger than Venezuela."

US forces stationed across the Middle East are also meanwhile taking part in large-scale war games aimed at showcasing combat readiness, as Washington ramps up its military footprint, and as Trump is presented with an array of 'options'. All of this supposedly steps from Washington 'concern' for large-scale protests from earlier this month, where thousands died - but which also included the deaths of police and security services.

In a statement which kicked off the week, US Central Command said: "Ninth Air Force will be conducting a multi-day readiness exercise to demonstrate the ability to deploy, disperse, and sustain combat airpower across the Central Command (CENTCOM) area of responsibility."

President Trump issued the following "time is running" out message Wednesday morning:

The command added that "this exercise is designed to enhance asset and personnel dispersal capability, strengthen regional partnerships and prepare for flexible response execution throughout CENTCOM."

The sweeping drills are unfolding against the backdrop of sharply rising tensions with Tehran in which an oil blockade and potential strikes on senior officials in the Islamic Republic are being considered. But in terms of blockades, two can play at that game, as the Strait of Hormuz remains among the most vital waterways for the global market, and the IRGC has threatened that its forces can shut it to international transit.

Tyler Durden Wed, 01/28/2026 - 16:29

Deranged Nurse Fired After Urging Poisoning & Paralyzing Of ICE Agents

Deranged Nurse Fired After Urging Poisoning & Paralyzing Of ICE Agents

Authored by Steve Watson via Modernity.news,

A nurse at Virginia Commonwealth University Health has been terminated after posting a series of videos urging sabotage against ICE agents, including injecting them with paralytic drugs and poisoning their food and drinks.

Yes, really.

The unhinged suggestions highlight the escalating threats faced by law enforcement amid leftist campaigns to obstruct deportations of criminal illegal aliens.

In videos exposed by Libs of TikTok, the nurse, identified as Melinda, detailed various “resistance tips” targeted at ICE personnel.

She advised medical providers to “grab some syringes with needles on the end have them full of saline or succinylcholine you know whatever,” adding that succinylcholine “is a temporary paralyzing agent. It will eventually wear off and there will be no way to detect it afterwards.”

“So, if you see them struggling to breathe, you can definitely inject that into one of their muscles or veins and walk away and there will be no way to prove it,” she stated.

In another clip, she suggested harvesting poison ivy or oak, mixing it with water, and using a water gun to fire it in the faces of agents.

For single women, she proposed going on dates via apps like Tinder or Hinge to “find these guys, they’re around,” and to bring poison with them on dates, then “put it in their drinks, get them sick.”

She claimed, “You know, nobody’s going to die, just enough to incapacitate them, get off the street for the next day,” calling the tactic “easily deniable.”

She also urged targeting agents’ food sources: “Let’s get them where they eat… Where’s the hotel where they eat? Who makes that breakfast? Let’s find them you know let’s make their lives fucking miserable.”

Additional ideas included making living conditions bad, such as hiding “dead fish somewhere in the room,” and to “just stay toxic.”

Following the videos going viral, VCU Health launched an investigation and confirmed in a statement: “Following an investigation, the individual involved in the social media videos is no longer employed by VCU Health. In addition, VCU Health has fulfilled its reporting requirements under Virginia state law.”

According to reports, the matter has been referred to authorities, with potential legal consequences for the former employee.

What kind of deranged lunatic has these ideas and then goes ahead and makes a video incriminating themselves? 

The development comes as ICE faces a surge in harassment from radical activists opposed to the Trump administration’s mass deportation efforts.

As we earlier highlighted, DHS recently released audio of deranged individuals leaving threatening voicemails wishing death on agents’ families. 

 

The culprits stole the personal data of agents by running number plates and then attempted to call them, before leaving the sickening recordings.

Again, this highlights how these mentally unwell morons don’t care about, or more likely haven’t even got the foresight to comprehend that they are incriminating themselves.

DHS has vowed to track down such agitators, with Border Czar Tom Homan establishing databases to expose harassers to their employers.

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden Wed, 01/28/2026 - 16:25

Microsoft Tumbles After Cloud Growth Slows, CapEx Soars

Microsoft Tumbles After Cloud Growth Slows, CapEx Soars

With all eyes firmly focused on CapEx numbers to keep the AI-expansion narrative alive, Microsoft beat expectations on top- and bottom-line, and operating income, but a bigger than expected CapEx.

“We are only at the beginning phases of AI diffusion and already Microsoft has built an AI business that is larger than some of our biggest franchises," said Satya Nadella, chairman and chief executive officer of Microsoft.

“We are pushing the frontier across our entire AI stack to drive new value for our customers and partners.”

Microsoft posted adjusted earnings of $4.14 a share on revenue of $81.3 billion (better than expected earnings of $3.91 a share and revenue of $80.3 billion), beating across every segment:

  • Intelligent Cloud revenue $32.91 billion, estimate $32.39 billion

  • Azure and other cloud services revenue Ex-FX +38%, estimate +38%

  • Productivity and Business Processes revenue $34.12 billion, estimate $33.45 billion

  • More Personal Computing revenue $14.25 billion, estimate $14.33 billion

“Microsoft Cloud revenue crossed $50 billion this quarter, reflecting the strong demand for our portfolio of services,” said Amy Hood, executive vice president and chief financial officer of Microsoft.

“We exceeded expectations across revenue, operating income, and earnings per share.”

While Azure revenue rose 39% (beating stimates of 37.8%), it was down slightly from the first-quarter's 40% growth rate.

Additionally, Cloud gross margin also fell YoY to 67%.

Operating income beat expectations at $38.28 billion (versus a consensus estimate of $36.55 billion)

But Capital Expenditures were considerably higher than expected at $29.99 billion (versus consensus estimate of $23.78 billion).

  • Capital expenditures including assets acquired under finance leases were $37.5 billion, up 66% to support customer demand for our cloud and Al offerings. Roughly two-thirds of capital expenditures were for short-lived assets, primarily GPUs and CPUs, which support Azure platform demand, growing first-party applications and Al solutions, accelerating research and development by our product teams, as well as continued replacement for end-of-life server and networking equipment.

  • The remainder of capital expenditures were for long-lived assets which will support monetization over the next 15-year period and beyond. Finance leases, which are primarily for large datacenter sites, were $6.7B and are recognized at the time of lease commencement.

  • Cash paid for property and equipment was $29.9 billion, up 89%, lower than capital expenditures primarily due to finance leases

Additionally, following the renegotiation of their deal, Microsoft says net gains from OpenAI investments totaled $7.6B, but more notably, 45% of Commercial Remaining Performance Obligations (RPO) are due to OpenAI commitments.

"Commercial remaining performance obligations...increased to $625B, up 110% Y/Y, with a weighted average duration of ~2.5 years," said CFO Hoods.

"Roughly 25% will be recognized in revenue in the next 12 months, up 39% Y/Y. The remaining portion recognized beyond the next 12 months increased 156% Y/Y. ~45% of our commercial RPO balance is from OpenAI. The significant remaining balance grew 28% Y/Y and reflects ongoing broad customer demand across the portfolio."

How's that for concentration?

The OpenAI investment lifted per-share earnings by $1.02.

"In the second quarter of fiscal year 2026, net income and diluted earnings per share were impacted by net gains from investments in OpenAI, which resulted in an increase in net income and diluted earnings per share of $7.6 billion and $1.02, respectively."

The result of all this was selling pressure hitting MSFT (down over 8% after hours)...

It's unclear exactly what is triggering the selling pressure, but could it be that too much CapEx is now bad news not good news? Or is that Azure growth slowed?

After this, investors will want a guide that either explicitly shows Azure accelerating or strongly suggests it, despite the fact that the Street  has growth decelerating about -150 bps sequentially. As such, investors believe that the guide needs to be ‘approximately’ +38% Y/Y – perhaps a point higher.

Tyler Durden Wed, 01/28/2026 - 16:16

Amazon Exits Experimental Grocery Stores, Will Focus On Whole Foods, 'Supercenters'

Amazon Exits Experimental Grocery Stores, Will Focus On Whole Foods, 'Supercenters'

Amazon is shutting down its Amazon Go and Amazon Fresh grocery stores, marking a significant retrenchment from its most ambitious efforts to reinvent brick-and-mortar food retail. The move reflects the company’s conclusion that, despite years of experimentation, it has not yet found a physical grocery model that can scale profitably under the Amazon brand.

Photo: Ted S. Warren, AP

According to the company, Amazon Go and Amazon Fresh locations will all be shuttered by Feb. 1, with the exception of California locations which will remain open longer to comply with state requirements. Some of the shuttered locations will be converted into Whole Foods Market stores, underscoring where Amazon now sees durable value in physical grocery retail.

In short, Amazon is closing physical stores, but you can still order Amazon Fresh online for same-day delivery if they serve your address. 

“While we’ve seen encouraging signals in our Amazon-branded physical grocery stores, we haven’t yet created a truly distinctive customer experience with the right economic model needed for large-scale expansion,” Amazon's PR zoomers vomited forth in a blog post announcing the decision.

At the time of the announcement, Amazon operated 57 Amazon Fresh stores and 15 Amazon Go locations. The closures mark a sharp contrast with the performance of Whole Foods Market, which Amazon acquired in 2017. Since the acquisition, Whole Foods has delivered more than 40% sales growth and expanded to over 550 locations. Amazon said it plans to open more than 100 additional Whole Foods stores in the coming years.

The retreat does not signal an exit from groceries. Instead, Amazon is consolidating around areas where it believes it holds a structural advantage; online ordering, rapid delivery, and logistics at scale. The company said customers will continue to be able to shop Amazon Fresh online, with grocery delivery now available in roughly 5,000 U.S. cities and towns, including thousands with same-day delivery of produce and perishables alongside household staples. Amazon said it plans to expand same-day fresh grocery delivery further this year, citing strong customer feedback.

Amazon’s physical grocery experiments were closely watched as a test of whether technology could meaningfully reshape a notoriously low-margin business. Amazon Go stores, which debuted in Seattle in 2018, eliminated traditional checkout lines by using cameras and sensors to automatically charge customers as they left the store. Amazon Fresh stores, launched in 2020, combined national brands, fresh food and technology-enabled shopping features in a more conventional supermarket format.

While customers responded positively to some of these innovations, Amazon acknowledged that the stores did not yet deliver a compelling economic model. Grocery retail remains highly sensitive to real estate costs, labor, pricing pressure and operational complexity - factors that even Amazon’s technology could not easily overcome.

Importantly, Amazon is not abandoning the technology developed for these stores. The company said its Amazon Go locations served as “innovation hubs” for its “just walk out” checkout system, which is now deployed in more than 360 third-party locations across five countries. Amazon is also expanding the technology internally, with more than 40 North American fulfillment centers using it in employee breakrooms to speed food purchases, with additional locations planned.

At the same time, Amazon said it will continue to test new physical formats. The company revealed plans for a “new supercenter” concept that would allow customers to shop fresh groceries, household essentials and general merchandise in a single location, though it did not provide details on timing or scale. It is also piloting a new “Amazon Grocery” format embedded within select Whole Foods stores, allowing customers to shop for Amazon household essentials alongside traditional grocery items.

h/t Capital.news

Tyler Durden Wed, 01/28/2026 - 15:45

Tesla Earnings Preview: Robotaxis, Optimus, Energy All In Focus Heading Into 2026

Tesla Earnings Preview: Robotaxis, Optimus, Energy All In Focus Heading Into 2026

Tesla is set to report its fourth-quarter earnings after the market closes today, and while the headline numbers will matter, most investors are far more focused on what Elon Musk says about the company’s future.

The earnings call that follows the report is expected to center on artificial intelligence, self-driving technology, robotaxis, and Tesla’s humanoid robot, Optimus. With the company’s traditional car business under pressure, this quarter is shaping up to be less about past performance and more about whether Tesla can convince Wall Street that its next chapter is still on track.

Wall Street consensus points to earnings of about 45 cents per share on roughly $25 billion in revenue, down from last year. Operating income is expected to be just over $1 billion, and gross margins are likely to hover near 17%, reflecting ongoing pricing pressure. Free cash flow is forecast to come in around $1.5 billion, while capital spending remains elevated as Tesla continues investing in factories, AI infrastructure, and new products. 

The automotive business remains Tesla’s biggest challenge. Vehicle deliveries fell sharply in the fourth quarter, and the loss of key tax credits, rising competition, and heavier use of discounts have all weighed on demand and margins. Analysts are closely watching automotive gross margin, excluding regulatory credits, as a measure of Tesla’s true pricing power. Many expect it to come in near 14% to 15%, down from recent quarters. This reflects a reality that Tesla is no longer operating in a wide-open EV market and must now fight harder for every sale.

Tesla delivered 418,227 vehicles in Q4 2025, below Wall Street’s expectation of roughly 426,000 deliveries, according to CNBC and the company. Production totaled 434,358 vehicles. For the full year, Tesla delivered 1.64 million vehicles in 2025, down 9% from 2024 and marking the second consecutive annual decline in deliveries.

That internal survey of 20 analysts projected 422,850 deliveries for the quarter, far below the broader public consensus at the time, which ranged from roughly 440,000 to 450,000 vehicles. Even Tesla’s lowered benchmark proved too high.

Fourth-quarter deliveries declined 16% from a year earlier, when Tesla delivered 495,570 vehicles. Production fell 5.5% from the 459,445 vehicles the company built in the same period last year.

In contrast, Tesla’s energy division is widely expected to be a bright spot. The company continues to see strong demand for its Megapack battery systems, especially from data centers and AI companies building out massive computing infrastructure. Tesla deployed a record amount of energy storage during the quarter, and analysts expect revenue from the segment to approach $4 billion, up more than 20% from a year ago. Some analysts believe this business could become a steady, high-margin growth engine over time, helping offset weakness in car sales.

Robotics and artificial intelligence remain more speculative but are central to Tesla’s long-term story. Optimus, the company’s humanoid robot, is still largely in the prototype stage, but investors are eager to hear whether it is getting closer to real production.

Analysts want updates on manufacturing readiness, cost, and practical use cases inside Tesla’s factories. Elon Musk has said he expects robot sales to begin next year, but his history of aggressive timelines makes many on Wall Street cautious.

The biggest wild card, however, is robotaxis and full self-driving technology. Tesla has begun limited unsupervised rides in Austin, removing safety drivers in some vehicles, which Musk has called a major milestone. Analysts are watching closely to see how quickly Tesla can expand this service to other cities and whether regulators will allow broader use. 

Several analysts have laid out their views ahead of the report. Wedbush’s Dan Ives, one of Tesla’s biggest supporters, believes autonomous driving could give Tesla dominant market share over the next decade and has argued that robotaxis could become a massive profit driver.

In contrast, Oppenheimer has warned that Tesla’s AI and robotics progress has been slower than expected and that delays could hurt future earnings. Shay Boloor of Futurum Equities has summarized the debate by saying investors now see Tesla less as a car company and more as an “AI platform with physical products,” meaning expectations are extremely high.

Musk himself has added to the sense of anticipation in recent weeks.

He has said that Tesla’s robotaxis in Austin are operating without in-car safety monitors, that Full Self-Driving could soon receive approval in Europe and China, and that Optimus robots could be sold to consumers within the next couple of years. He has also spoken about his various companies “converging” over time, especially with AI, energy, and robotics overlapping more closely. These comments have energized supporters but also raised the bar for what Tesla needs to deliver.

Investors will soon know whether Tesla’s core business is stabilizing, whether energy can keep growing at its current pace, and whether robotaxis and robots are moving from vision to execution. If management provides clear timelines and concrete progress, the market may be willing to look past a weak quarter.

If the discussion stays vague or ambitious promises slip again, doubts about Tesla’s long-term story could deepen. Either way, the answers are only hours away.

Tyler Durden Wed, 01/28/2026 - 15:30

Despite Two Dovish Dissents, Fed Holds Rates As Expected; Upgrades Growth, Lowers Labor Risks

Despite Two Dovish Dissents, Fed Holds Rates As Expected; Upgrades Growth, Lowers Labor Risks

Tl; dr: Despite two dovish dissents, The Fed is likely on an “extended pause” noting strong activity data and signs of stabilization in the labor market. 

However, Goldman "expects easing to resume later in the year as a moderation in inflation allows for two further ‘normalization’ cuts to take rates back to levels seen by the median FOMC member as neutral.”

Christopher Hodge, chief US economist at Natixis, says at the end of the day here the Fed is “on hold until data prompts a move.” 

"We have now entered a new phase of policymaking where the Fed views the risks to both parts of its dual mandate are in balance. It will be incumbent on the data to move the Fed from this perch – the days of insurance cuts to slowly approach neutral are likely over."

Waller's odds of being the next Fed Chair went up after his dovish dissent.

*  *  *

Since the last FOMC meeting on Dec 10th (which resulted in a dovish-er than expected 25bps rate cut and statement), US macro data has surprised significantly to the upside...

Source: Bloomberg

...prompting a plunge in the market's Fed rate-cut expectations (now below 2x 25bps cuts for the year)...

Source: Bloomberg

The market is now more only modestly more dovish than The Fed's dots for 2026 (but the market is also not pricing in any more moves from The Fed after that)...

Source: Bloomberg

All of which has sent the dollar tumbling and gold exploding higher (while stocks rallied and bonds sold off)...

Source: Bloomberg

Heading into today's FOMC statement (and presser), a dramatically wide consensus expects a "boring" and "uneventful" dovish hold with an upgrade to growth, and less downside risk to employment.

...and that's EXACTLY what we got.

No change in rates...

  • Federal Open Market Committee votes 10-2 to leave its benchmark interest rate in a target range of 3.5%-3.75%

  • Fed Governors Christopher Waller and Stephen Miran voted against the decision in favor of lowering rates by a quarter-point

Which prompted a jump in the odds of Waller getting The Fed Chair job...

Source: Polymarket

Upgrade for growth:

  • Fed upgrades view of economy to say available indicators suggest economic activity “has been expanding at a solid pace,”

Inflation-watch:

  • Fed repeats inflation “remains somewhat elevated”

Labor market optimism:

  • Fed removes language from statement that had noted “downside risks to employment rose in recent months”

  • Fed tweaks description of the labor market, noting “job gains have remained low” and the jobless rate has “shown some signs of stabilization”

In terms of market reaction, it’s a nothing burger so far as most expect.

Read the full redline of the FOMC Statement below:

Tyler Durden Wed, 01/28/2026 - 15:15

FBI Raids 'Ground Zero' Fulton County Election Office In 2020 Voter Fraud Probe

FBI Raids 'Ground Zero' Fulton County Election Office In 2020 Voter Fraud Probe

The FBI has raided a Fulton County, Georgia election hub that was 'ground zero' for voter fraud concerns in the 2020 election, Fox News reports.

Agents could be seen entering the Fulton County Election Hub and Operation Center, a new facility which opened in 2023 - and was designed to streamline their election process (we're sure!). 

According to the report, it was not immediately clear what the FBI agents were investigating, just that it's related to the 2020 US election.  

In Decembernews broke that tabulation tapes in Fulton County were not signed, affecting 315,000 votes. After Secretary of State Brad Raffensperger tried to reassure voters that "Georgia has the most secure elections in the country," Republicans questioned him...

“If only Georgia had an official responsible for preventing clerical errors that undermine election integrity. Is there anyone in Georgia who has that job, Brad?” said Lt. Gov. Burt Jones, who is running for governor. 

US Rep. Mike Collinns, who is running for Senate, said he was "tired of empty words from weak leaders," adding "Turns out over 300,000 early votes in the 2020 election were illegally certified but still included in the final results."

Earlier this month, President Donald Trump sought a $6.26 million reimbursement for legal fees stemming from his now-dismissed election interference case. 

Breaking news, check back for more updates...

Tyler Durden Wed, 01/28/2026 - 13:15

Another East Coast Storm Brewing After Widespread Power Outages

Another East Coast Storm Brewing After Widespread Power Outages

Authored by Jack Phillips via The Epoch Times (emphasis ours),

Another winter storm system may hit the East Coast this weekend, just days after a major storm brought widespread power outages due to ice and snow across a broad swath of the eastern United States.

A street during a winter storm in New York City on Jan. 25, 2026. Samira Bouaou/The Epoch Times

Forecasts are being monitored for increasing potential of another significant winter storm to impact the eastern United States this coming weekend,” the National Weather Service (NWS) said on Jan. 27.

The NWS added that “well below normal temperatures” will continue for the eastern part of the United States for this week, predicting yet “another blast of arctic air” that will spread from the Plains states to the East Coast, including the South, on Friday and Saturday. Record low temperatures are to be expected, including in Florida.

At least 30 people have died due to the storm and cold, authorities in multiple states confirmed as of Monday evening. In New York City, at least five people were found dead outside amid freezing temperatures, with causes under investigation but possibly attributed to hypothermia, Mayor Zohran Mamdani said.

Louisiana officials said two men died of hypothermia in Caddo Parish, while two teenagers perished in sledding accidents in Arkansas and Texas. In Emporia, Kansas, a K-9 police team found a schoolteacher dead, covered in snow.

More than 500,000 people were without power, mostly across the southern United States, according to a Tuesday morning update from tracking website Poweroutage.us.

Tennessee had 170,000 outages, while Mississippi reported 140,000 and Louisiana 99,000 due to an icy snowstorm that hit the region this past weekend, the site shows.

Other states with thousands of outages include Texas, Kentucky, Georgia, and South Carolina.

The United States had more than 12,000 flight delays or cancellations nationwide on Monday, according to flight tracker Flightaware.com. As of Tuesday morning, roughly 1,700 cancellations across the country and another 2,600 delays were reported.

New York City had its snowiest day in years, with 8 to 15 inches of snow. Although public schools shut down, roughly 500,000 students were told to log in for online lessons on Monday. The nation’s largest public school system stripped away snow days after remote learning gained traction during the COVID-19 pandemic.

Northern Mississippi and parts of Tennessee suffered widespread damage to power infrastructure, with areas such as New Albany, Mississippi, facing one week without power. Mississippi deployed 200,000 gallons of ice-melting chemicals on roads, a state record.

Robyn Tannehill, mayor of Oxford, Mississippi, described a catastrophic situation in her city in a social media post.

It looks like a tornado went down every street,” she wrote on Facebook on Jan. 25. “There is no safe means of travel on the roads right now.”

The mayor added that the city is unable to transport students at the University of Mississippi, known as Ole Miss, who live off-campus or reside in shelters.

“We begged people to prepare and I am so sorry for those who didn’t but it is impossible for us to get to everyone in these conditions as much as we wish we could,” Tannehill wrote. “We’re going to wake up and do it again tomorrow. And the next day. And the next day.”

The Associated Press and Kimberly Hayek contributed to this report.

Tyler Durden Wed, 01/28/2026 - 12:45

Iran Executes Suspected Israeli Spy In High-Stakes Act Of Defiance

Iran Executes Suspected Israeli Spy In High-Stakes Act Of Defiance

After stern warnings from President Trump, Iran has made clear it is not executing any protesters in the wake of the raging demonstrations and deadly unrest across Iranian cities which took place and grabbed world headlines earlier this month.

Trump had earlier claimed that Iran was going to execute 800, a figure that Iranian officials immediately rejected and scoffed at. Indeed it's unclear where the 800 number came from, and was probably floated by one of the anti-Tehran opposition groups based in Washington or Europe.

All of this back-and-forth aside, Tehran has made clear it will proceed with carrying out existent death row cases, especially related to the June 12-day war with Israel, during which time its security services rounded up dozens or possibly hundreds of Iranians alleged to be cooperating with Mossad or other foreign intelligence as assets.

source: EPA

So far some dozen people have been executed after being charged with espionage, connected to the events of last summer as well as its lead-up, and another one happened Wednesday, per international press reports and Iran state media:

Iran on Wednesday executed a man arrested in April 2025 on charges of spying for Israel's espionage agency Mossad, the judiciary said.

Hamidreza Sabet Esmailpour, who had been convicted of passing information to a Mossad agent, was hanged at dawn, the judiciary's Mizan news agency said.

Some in Washington and Tel Aviv might see this as a direct challenge to Trump, at a moment he has boasted of a "beautiful armada" parked in regional waters. He's also freshly warned Iran that "time is running out."

Still, Iran's judiciary proceeded, confirming Wednesday in a statement: "Hamidreza Sabet Esmaeilipour who was arrested on 29 April 2025, was hanged for the crime of espionage and intelligence cooperation in favor of a hostile intelligence service (Mossad) through… the transfer of classified documents and information, after the verdict was confirmed by the Supreme Court and through legal procedures."

The Islamic Republic likes to set examples, and so tends to widely publicize hangings like this, which is another reason why the prior referenced Trump claims of 800 set to be executed seems wildly exaggerated if not fabricated out of thin air.

Public executions have been a reality in Iran going all the way back to the Islamic Revolution of 1979, in which time (and since) people could be seen hanging from cranes in the capital city.

Recently, it has become clear that Israel was engaged in a massive spying and espionage campaign to pave the way for its 'Operation Rising Lion' - which is intent on destroying Iran's nuclear energy program, and possibly even accomplishing regime change. Some Israeli officials have actually publicly boasted of this.

Tyler Durden Wed, 01/28/2026 - 11:25

Fearing US Reprisals, Mexico Halts Oil Shipment To Cuba

Fearing US Reprisals, Mexico Halts Oil Shipment To Cuba

Via The Libertarian Institute

Mexico’s state oil company, Pemex, has backed out of a planned oil shipment to Cuba, the country's president appeared to confirm. The move comes after President Donald Trump insisted that "zero" oil would be sent to the island, and follows reports that Washington plans regime change there by the end of the year.

Speaking during her daily press conference on Tuesday, Mexican President Claudia Sheinbaum did not deny earlier reports about the canceled Pemex shipment, which was originally scheduled for sometime in January.

Eyepix Group/Shutterstock

"It is a sovereign decision, and it is made at the time deemed necessary," she said when asked about the reports, stressing that such shipments are determined by the state oil firm.

Reuters reported last week that the Mexican government was reviewing whether to continue sending oil to Cuba, fearing potential reprisals from the United States.

Washington has maintained a full trade embargo on the island for decades, and imposed a blockade on Venezuelan oil bound for Cuba late last year, soon after US forces captured Venezuelan President Nicolas Maduro over dubious drug charges.

While that left Mexico as Cuba’s main petroleum supplier – accounting for some 44% of its crude imports, per UPI – President Trump insisted that "zero" money or oil would be sent to the island earlier this month, forcing Mexico to reevaluate its trade policy.

Asked whether her country could play a role mediating discussions between Washington and Havana, Sheinbaum said such an initiative could only proceed if it were requested by both sides, but added that Mexico would continue to promote dialogue.

Those efforts may be insufficient, however, as Washington is now reportedly seeking to execute regime change in Cuba by the end of the year, according to recent reporting by the Wall Street Journal.

The paper said last week that US officials were seeking "Cuban government insiders who can help cut a deal to push out the Communist regime" in the coming months, hoping to use Maduro’s kidnapping as a "blueprint" to topple the Cuban state.

Tyler Durden Wed, 01/28/2026 - 11:05

WTI Holds Gains After Winter Storm Sparks Biggest Total Inventory Draw Since October

WTI Holds Gains After Winter Storm Sparks Biggest Total Inventory Draw Since October

Oil prices hit a fresh four-month high this morning after President Trump threatened another attack on Iran, urging Tehran to negotiate a nuclear deal.

“Hopefully Iran will quickly ‘Come to the Table’ and negotiate a fair and equitable deal,” Trump said in a post on his Truth Social network, adding that “the next attack will be far worse!” than the one that took place last year.

Prices pared gains somewhat after Iran’s mission to the UN repeated in a post on X that it stands ready for dialogue based on mutual respect and interests, but said it will “defend itself and respond like never before,” to US aggression.

API

  • Crude -247k

  • Cushing -92k

  • Gasoline -415k

  • Distillates +2.01mm

DOE

  • Crude -2.295mm (+1.95mm exp)

  • Cushing -278k

  • Gasoline +223k

  • Distillates +329k

Total crude and fuel stockpiles fell last week for the first time since early December led by a surprise crude draw (bigger than the small one reported by API)...

Source: Bloomberg

Bloomberg reports that the 6 million barrel draw (which was the biggest since October) was led by a decline in crude inventories and also the biggest drop in propane inventories since early last year ahead of the big freeze

Crude production fell to 13.7 million barrels a day last week, down by 36,000 barrels a day from the previous week. The drop may reflect the initial impact of the winter storm that hit the US in recent days and came as the number of rigs drilling for oil edged higher for a second week, with 1 unit put into operation last week, according to Baker Hughes.

Source: Bloomberg

WTI is holding on to early gains after the surprise draw...

Finally, circling back to the start, the potential risk to Iranian supplies has injected a premium into oil prices and led futures to start the year on a strong footing, up more than 10% this month, despite forecasts for a glut. That has also kept the cost of bullish options high relative to bearish ones.

“Market sentiment appears to be gradually turning more positive, as the bearish oversupply narrative so prevalent in the second half of 2025 weakens,” Standard Chartered analysts including Emily Ashford wrote in a note.

“We envisage an uptick in volatility and increasing focus on both supply and demand risks.”

The prompt spread for both oil benchmarks — the difference between their two nearest contracts — has widened in a bullish backwardation structure over the course of this month, indicating tighter supply. 

Tyler Durden Wed, 01/28/2026 - 10:42

Amazon Cuts 16,000 Jobs As Tech Layoffs Accelerate In 2026

Amazon Cuts 16,000 Jobs As Tech Layoffs Accelerate In 2026

Amazon is laying off about 16,000 more employees as it works to cut bureaucracy and respond to growing competition from AI.

The move follows October’s 14,000 job cuts and the closure of its gaming unit. The company also announced it will shut down its Amazon-branded grocery and cashierless stores.

A note on the company's website on Wednesday said: "I want to let you know that we're making additional organizational changes across Amazon that will impact some of our teammates. I recognize this is difficult news, which is why I’m sharing what’s happening and why."

"As I shared in October, we've been working to strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy. While many teams finalized their organizational changes in October, other teams did not complete that work until now."

It continued: "The reductions we are making today will impact approximately 16,000 roles across Amazon, and we're again working hard to support everyone whose role is impacted. That starts with offering most US-based employees 90 days to look for a new role internally (timing will vary internationally based on local and country level requirements)."

"While we’re making these changes, we’ll also continue hiring and investing in strategic areas and functions that are critical to our future. We’re still in the early stages of building every one of our businesses and there’s significant opportunity ahead," it concludes.

Amazon’s layoffs follow other major tech cuts early in 2026, including Autodesk’s plan to eliminate about 1,000 roles (~7% of its workforce) amid a restructuring that includes shifting investment toward AI and cloud, and Pinterest’s decision to cut nearly 15% of employees as it reallocates resources toward AI initiatives; layoffs trackers also show thousands of tech workers have already been affected by job reductions across dozens of firms so far this year.

Tyler Durden Wed, 01/28/2026 - 10:30

USD Pops, Yen Drops As TsySec Bessent Says "Absolutely Not Intervening"

USD Pops, Yen Drops As TsySec Bessent Says "Absolutely Not Intervening"

US Treasury Secretary Scott Bessent told CNBC Sara Eisen this morning that "the US always has a strong dollar policy".

This statement comes after President Trump's apparent 'comfort' last night with the dollar declining...

When asked if he was worried about losses in the dollar, Trump told reporters in Iowa on Tuesday: “No, I think it’s great.”

Bessent then dropped two more tapebombs...

While stating that "WE DON'T COMMENT ON INTERVENTION SPECULATION"...

Bessent then confirmed that "US IS 'ABSOLUTELY NOT' INTERVENING IN DOLLAR-YEN NOW"

This prompted yen weakness, retracing some of the post 'rate check' rally...

...and dollar strength...

This move comes minutes after Goldman Sachs Delta-One desk head warned: Near-term, feels dangerous to press dollar downside given how extreme the moves have been.

Tyler Durden Wed, 01/28/2026 - 10:18

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