Warsh May Not Be the Hawk Wall Street Expects

Korea Barbeque'd: Kospi Crashes As Chip Stocks Tank, AI Token Index Spirals Lower South Korean stocks plunged on Tuesday as concerns over circular AI financing and China's expanding DUV lithography capabilities (read here) were top of mind among investors. Adding to the pressure, chipmakers may not have found a floor just yet because Silicon Data's LLM Token Expenditure Index continues to slide, suggesting that companies are shifting toward cheaper models, particularly open-source alternatives from China. Top Overnight News The Kospi index follows a weak US session lower, falling as much as 10.7%...

Senate Panel Holds Fauci In Contempt For Refusing To Answer Questions Anthony Fauci has been held in contempt of Congress by the Homeland Security and Governmental Affairs Committee, after he repeatedly refused to answer lawmakers' questions about funding risky research to genetically manipulate bat coronavirus in Wuhan China, and his role in the ensuing lockdown quagmire that cratered the economy after he was put in charge of leading the COVID-19 response.  Oh, and they obtained a copy of his cell phone.  In an 8-5 vote brought by Committee Chairman Sen. Rand Paul (R-KY), the contempt vote seeks...

Atlanta Continues To Dominate Among World's Busiest Airports In 2025, the world’s busiest airport was not in Dubai, London, or Tokyo. It was Atlanta. Hartsfield-Jackson Atlanta International Airport handled 106.3 million passengers, making it the only airport in the world to cross the 100 million mark. This graphic, via Visual Capitalist's Gabriel Cohen, ranks the world’s busiest airports by total passengers boarded and deplaned in 2025, using new data from the Airports Council International. Transit passengers are counted once. Why Atlanta Still Ranks #1 The Atlanta airport, which celebrates its 100th anniversary in 2026, has been...