We Act in a World of Uncertainty, Not Probabilities

Former Musk Adviser Sriram Krishnan Leaving White House AI Role Authored by Tom Gantert via The Epoch Times, Senior White House policy adviser on artificial intelligence Sriram Krishnan, a former Twitter executive who advised Elon Musk during his acquisition of the social media platform, announced Saturday he will leave his role at the end of June. U.S. President Donald Trump hands a pen to Senior White House Policy Advisor on Artificial Intelligence Sriram Krishnan after signing an executive order while U.S. Sen. Ted Cruz (R-Texas) (2nd L) and Commerce Secretary Howard Lutnick...

As Stocks Hit Record Highs, Americans' Consumer Confidence Collapses To Record Low With the "mini war" still ongoing (albeit with a 'ceasefire' in place), expectations were for UMich consumer sentiment to continue languishing at record lows in final May data released this morning. And it did, with the headline sentiment - along with both Current Conditions and Expectations - all plunging to record lows... Source: Bloomberg Yep... Americans have never been more miserable... Black Friday, meh; 9/11, nothingburger; GFC, fleshwound... “The cost of living continues to be a first-order concern, with 57% of consumers spontaneously...

Diageo Shares Plunge Most In Two Years On Weaker Guidance, Dividend Cut Shares of Diageo Plc fell the most in 2 years after the maker of Guinness beer and Johnnie Walker whiskey cut its guidance for the second time this fiscal year amid soft demand in the US and China markets. The move marks an early challenge for new CEO Dave Lewis. The British distiller now expects organic net sales to decline by 2% to 3% this fiscal year, down from previous guidance of flat to slightly down, and said it...