The End of Artificial Employment

Watch: Gulf High-Rises, Tourist Spots Get Pummeled By Iranian Ballistic Missiles Update(1245ET): Some absolutely crazy footage has been emerging Saturday amid Iran's retaliation, following the overnight into early hours US-Israeli strikes on the Islamic Republic. Among the most shocking: the Palm Jumeirah area has been hit, possibly directly or else by falling missile debris, which is the iconic man-made island in Dubai. Fairmont The Palm hotel on fire, and confirmation: "Dubai authorities confirm that an incident occurred in a building in the Palm Jumeirah area. Emergency response teams were deployed immediately, and...

SpaceX-Tesla Merger Speculation Grows As Decade Of Cross-Company Deals Reveal Deeper Integration Wedbush Securities' Dan Ives has pointed out for months the potential for a SpaceX-Tesla merger, discussing the possibility with Bloomberg in February and, more recently, on a podcast where he said the probability is 80% by 2027. Polymarket odds of a merger by the end of the year stand at 32%. Now, CNBC has joined the growing speculation that Musk may eventually merge Tesla and SpaceX into one mega-company. The report said: The two companies already have a laundry list of...

Iraq's Oil Collapse Sparks Race For New Export Routes Authored by Simon Watkins via OilPrice.com, Iraq's oil production has collapsed to just 1.39 million bpd after the Strait of Hormuz blockade stranded exports. Baghdad is urgently trying to revive northern export routes through Turkey, including the Kirkuk-Ceyhan system and a new Kirkuk-Nineveh pipeline. China is re-emerging as a major strategic player in Iraq's energy infrastructure, with Chinese firms heavily involved in Baghdad's new north-south pipeline expansion. April was indeed the cruellest month for decades for Iraq's crude oil production, with an average of 1.389...