Money and Recession

New Pakistani Strikes On Afghanistan Kill 13 Civilians, Taliban Says Several months ago, close in time to when the US-Iran war started, a separate conflict had erupted further east, along the Af-Pak border and even reaching as deep into Afghanistan as far as Kabul (where Pakistani airstrikes rained down). Hostilities have abruptly flared up again along the Afghan-Pakistan border overnight as cross-border airstrikes launched by the Pakistani military killed 13 civilians, according to Afghan Taliban officials. Getty Images The aerial attacks impacted the Afghan border provinces of Kunar, Khost, and Paktika, stated Zabihullah Mujahid,...

Can SpaceX Fire On All Cylinders? Authored by Michael Lebowitz via RealInvestmentAdvice.com, SpaceX’s June IPO raised $75 billion, resulting in an initial valuation of $1.77 trillion, making it the largest IPO in history. SpaceX, encompassing its launch business, Starlink, and the recently merged xAI, peaked at a $2.5 trillion market cap in its first week of trading, briefly tying it with Amazon as the fifth-largest publicly traded company. After only a month, the enthusiasm is rapidly fading. Perhaps most amazing of all, the fanfare is occurring despite SpaceX producing a net loss...

Situational Awareness Returns With $400M Investment After Nearly Collapsing Authored by Zoltan Vardai via CoinTelegraph.com, Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, reportedly invested $400 million in a privately held company days after it nearly collapsed under margin calls. The fund invested $100 million in the same unnamed company in July, Bloomberg reported Thursday, citing people familiar with the matter.  The latest investment was completed on Tuesday. Cointelegraph has approached Situational Awareness for comment. Assets at Situational Awareness fell about 78% in July, as an AI-stock sell-off triggered margin calls from Wall Street lenders. The...