Futures Fall As AI Selloff Resumes

Can silver be called a Giffen Good? Probably not, although that fact doesn’t discourage some from looking for the equivalent of a unicorn in economic thinking.

Yemen said that Saudi Arabia bombed the airport in the capital city as a plane attempted to return from Iran. It is the second time this month that Sanaa reported Riyadh attempted to interfere with a plane returning to Yemen from Iran.  On Monday, officials from the ruling Ansar Allah party said that Saudi bombs […]

Turkish State Takes Near-Total Control Of US-Sanctioned Bank Over IRGC Ties On September 4, the US Treasury unveiled sanctions against a Turkey-based bank and two of its subsidiaries, accusing them of moving tens of millions of dollars on behalf of Iran's Islamic Revolutionary Guard Corps (IRGC) Quds Force and facilitating Tehran's movement of funds across the international banking system.  It did not take long for the Turkish government to sweep in and act to contain the damage and what some interpret as a national reputational hit, which was one of the opening...