Is Uber Weaponizing Labor Unions To Slow Robotaxi Rivals Ride-hailing giant Uber is reportedly aligning with drivers’ unions in several cities to slow robotaxi deployments and promote regulations requiring “hybrid networks” that combine autonomous vehicles with human drivers, according to the Financial Times. The unholy alliance is taking shape in states and cities including New Jersey and Washington, DC, where Uber and organized […]

Is Geothermal Energy The Next Hidden AI Power Trade Submitted by QTR’s Fringe Finance Before I get into today’s idea, let me remind readers that I believe there is a very real chance that the AI boom could be coming to an end later this year and into early next year. I detailed my thoughts on why the AI boom could end in an article called “The Real AI Crash Will Start This Year” that I published two weeks ago. I […]

Trump Rages Against ‘Treasonous Scum’ In Media For Iran War Coverage President Trump took to Truth Social on Thursday to rage against US media coverage of the Iran war (not for the first time), following Treasury Scott Bessent giving similar scathing remarks earlier this week. Trump particularly singled out recent and ongoing reports of US missile and interceptor shortages, which he has slammed as false. He called out the […]

All Bubbles End In Deflation Authored by Bill Bonner via DailyReckoning.com, We begin this week’s perambulations with a stroll into the future. So far…the Bubble in the US is broader than any in history. It has been inflating everything it touched for the last 30 years. All bubbles pop, of course. How they pop is the confusing whirlwind we enter today. But don’t worry. Even in the worst crash, real wealth doesn’t […]

‘Crisis Preparedness’: Dutch Move Billions In Gold Out Of US As Goldman Warns Of ‘Geographic Concentration Risk’ The Netherlands’ central bank transferred nearly 90 metric tons of gold bars from the United States and Canada to Britain amid growing concerns of “increasing geopolitical unrest,” according to CNBC. “With this relocation, we have improved the tradability of our gold reserves. We expect that we will never need to use […]

‘Non-Market’: The One Word That Blew Up The G20 Communiqué On Tuesday we reported that China had derailed the G20’s joint communiqué in Asheville, with a senior US official telling the FT the impasse “came down to a few words.” It turns out one word did most of the damage. According to Bloomberg – operating out of Hong Kong because they were banned from the event by Treasury – the decisive sticking point was the term “non-market” […]

Baltic Dry Index Nears Breakout As “Perfect Storm” In Global Shipping Emerges The daily benchmark measuring the cost of shipping raw materials across major global maritime routes is breaking out to a nearly three-year high this week, as Bloomberg reports that typhoons are squeezing the supply of Capesize vessels just as mining companies increase iron ore shipments across the Pacific and Atlantic. The Baltic Dry Index, which tracks […]

NYC Bans AI For Public Elementary, Middle Schools For 2026-2027 Authored by Aaron Gifford via The Epoch Times, New York City Mayor Zohran Mamdani has placed a one-year moratorium on classroom use of generative artificial intelligence tools for pre-K-8 grades, and all public high school students will be required to complete AI awareness refresher courses twice a year. “Just because technology is everywhere, doesn’t mean it […]

“Save Us From Our Traitor Gov’t”: Massive Madrid Protests Erupt Over Socialist Regime’s Handling Of Ceuta Invasion Spain’s Ceuta border invasion has morphed into a major political headache for Socialist Prime Minister Pedro Sánchez. Tens of thousands of Spaniards took to the streets of Madrid to protest the government’s handling of the crisis, potentially accelerating the political shift identified by Nomura analysts, who expect […]

Cloudflare Reports Issues Amid OpenAI, Claude, And Grok Glitch Summary: Cloudflare’s status page is reporting two active issues Downdetector Reports Outages Across OpenAI, Claude, Grok Cloudflare Problems There are concerns that the outages and service disruptions reported by Downdetector users across major AI platforms, including OpenAI, Claude, Grok, and Cursor, could be linked to an issue at Cloudflare. Cloudflare’s status […]

Putin Outraged At Norway’s Seizure Of Russian Expedition Vessel In Arctic Waters: ‘State Terror’ The Kremlin is outraged, with President Putin on Thursday blasting Norway for “state terrorism” in the immediate wake of the Scandinavian country’s seizure of the Russian vessel Professor Molchanov as it was at the remote Arctic archipelago of Svalbard. Moscow officials are also calling it a brazen “act of piracy”. What makes this […]

Rogue AI Agents More Sophisticated Than First Realized Authored by Epoch Times Staff via The Epoch Times, The artificial intelligence (AI) “agents” involved in OpenAI’s breach of Hugging Face knew they were breaking the evaluation test’s rules, according to two investigations into the incident that many consider to be one of the most consequential moments in the history of AI. Hugging Face is an open-source community for AI and […]

War Premium Evaporates: Wheat Plunges As Putin Signals Black Sea Peace The most-active Chicago wheat contract has plunged nearly 7% since peaking late Wednesday morning, extending losses overnight after Bloomberg reported that Russian President Vladimir Putin had signaled the possibility of constructive peace talks with Ukraine. The recent bid across agricultural commodities has been driven by a confluence of Black Sea maritime […]

That Don’t Repress Me Much By Benjamin Picton, Senior Market Strategist at Rabobank US equity indices gained yesterday as oil prices pulled back from recent highs and bond yields followed suit. The S&P 500 closed 0.46% higher while the Dow Jones was up 0.56% and the NASDAQ Composite Index lifted 0.45%. The Bank of Canada kept rates at a low, low 2.25% yesterday for a seventh-consecutive meeting. Governor Tiff Macklem struck a […]

Campbell’s Shares Tumble After Dividend Cut As UBS Warns Of “Another Tough Year” Shares of soup-and-snack maker Campbell’s tumbled the most in nearly six months in premarket trading after the company swung to a quarterly loss, slashed its dividend, and warned that weakening demand and elevated costs were squeezing margins. Campbell’s expects fiscal 2027 adjusted EPS of $1.65 to $1.80, missing the Bloomberg Consensus estimate of […]

Federal Judge Spares Google From Breaking Up Ad Tech Business Authored by Bill Pan via The Epoch Times, A federal judge has ruled that Google does not have to dismantle its advertising technology business, rejecting the most punitive remedy sought by the Justice Department in the antitrust case against the company. In an order issued on Wednesday, U.S. District Judge Leonie Brinkema of the Eastern District of Virginia declined […]

Iran Unleashes Fresh Attack Waves On Kuwait, UAE As Trump Signals De-escalation Ahead Of Midterms Iran’s retaliatory attacks on US bases and the regional countries hosting them actually continued overnight into Thursday, despite CENTCOM having on Wednesday announced the cessation of the US bombing operation. This week’s round of US attacks saw six Iranian navy personnel killed, Tasnim is reporting, with Iran’s Health Ministry […]

House Fails To Pass Resolution Limiting Supreme Court To 9 Justices Authored by Stacy Robinson via The Epoch Times, The House of Representatives rejected a proposed constitutional amendment on Sep. 2 that would fix the number of U.S. Supreme Court justices at nine. Rep. Andy Biggs (R-Ariz.) introduced the joint resolution under suspended rules but failed to garner the necessary two-thirds majority. The vote fell almost entirely […]

US PMI Surveys Signal Growth Rebound In Q3, Strongest Among Global Peers, But… Following the mixed/weak Manufacturing PMI survey data earlier in the week, today’s Services PMIs were expected to be just as mixed with S&P Global higher and ISM flat. S&P Global Services PMI for August rose from 54.6 to 56.5 (below the preliminary 56.8 but still up bigly) – the highest since Dec 2024 ISM Services PMI for August rose […]

Dowd: Lower Yields Are Coming… And Nobody Will Like Why Authored by Ed Dowd via ‘Beyond the Narrative’ substack, On August 19th the Treasury announced it would increase the size of its nominal long-end liquidity support buybacks beginning September 9. The long end yields declined on the headline. Cue the usual chorus of X hot takes: stealth QE, yield-curve control lite, money printing etc. The reality is much less bombastic…it […]

NVIDIA To Buy Hugging Face For $12.9 Billion Nvidia has agreed to buy AI startup Hugging Face for roughly $12.93 billion, putting the world’s most important open-model hub under the same roof as the most dominant AI chip company on the planet, according to The Wall Street Journal.  Image via FT CEO Jensen Huang announced the deal on Thursday, a day after NVIDIA filed that it had signed a definitive agreement. The transaction […]

Rogan To Lindsey Clancy Fans: Look At The Crime Scene Authored by Steve Watson via Modernity News, Joe Rogan has had enough of the women lining up outside a Massachusetts courthouse in pink to cheer a mother who strangled her three children to death. Sitting with comedian Brian Simpson, he refused to accept the “Free Lindsay” spectacle as a mental-health awareness campaign. He treated it as a grotesque inversion of basic human […]

Fed’s Waller Pushed Rate-Hike Hopes Lower After Stating The Obvious A top Federal Reserve official said he would be “inclined” to keep interest rates on hold, highlighting divisions among the US central bank’s governors as they prepare for a crucial vote this month. Outspoken Fed Governor Chris Waller clarified this morning what many knew… that he would support holding rates steady at the central bank’s meeting in two […]

‘Low Hire, Ho Fire’ Economy Confirmed By Latest Jobless Claims Data The number of Americans filing for unemployment benefits for the first time remains near multi-decade lows at 206k last week in line with expectations and flat to the prior month… Continuing jobless claims ticked up modestly but remain near two-year lows, below the 1.8mm Maginot line… However, surveys (Conference Board) remain sure it is ‘hard to get a […]

Futures Flat As Yields Ignore Oil Meltup Futures are flats with Tech in line and small caps lagging even as bond yields dip 1bp across the curve, ignoring the continued rise in oil. In a quiet session ahead of tomorrow’s jobs report, Japan remains the standout, with the yen strengthening on more hawkish BOJ repricing and intervention speculation, pressuring exporters.  Risk is modestly bid after yesterday’s reprieve in energy […]