Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.

“We’re fighting wars, we can’t take care of … daycare, Medicaid, Medicare, all these individual things… We have to take care of one thing: military protection.”—President Donald J. Trump Every bomb dropped abroad is a bill sent home. Every war waged in the name of “security” is paid for by Americans who go without—without affordable healthcare, […]

Futures Tumble On AI Spending Fears As Brent Hits 2 Week High US equity futures are lower, dragged by tech, following a report that OpenAI missed revenue and user targets and there growing internal pushback against Sam Altman's notorious aggressive spending (the company has $1.5 trillion in commitment it won't be able to meet), which is hitting semiconductors and the broader supply chain. AS of 8:15am ET, S&P futures are down 0.7% and Nasdaq futures dropped 1.2% as concerns resurfaced over whether the vast amounts of investment in artificial intelligence will...

BOJ Keeps Rates On Hold In Rare 6-3 Vote Split As It Warns Of Looming Stagflation In the first G5 central bank announcement of the week, overnight the Bank of Japan held its benchmark interest rate in a 6-3 vote, despite forecasting a sharp rise in inflation as the war in the Middle East sends commodity prices higher and clouds the global economic outlook while testing Japan's given its exposure to rising energy prices. While the decision on Tuesday to keep rates at about 0.75% was in line with market expectations,...