US Launches Its 43rd Airstrike of the Year in Somalia

Zohran Mamdani’s proposal reflects a growing belief that economic problems can be solved through public ownership and political management. But a grocery store is still a business governed by costs, and economic reality regardless of who owns it.

China's DeepSeek Debuts Flagship AI Model As Compute Race Intensifies Chinese AI startup DeepSeek has launched a preview version of its long-awaited V4 model, ending months of silence from one of China's most closely watched AI labs and arriving a year after its R1 release sparked U.S. market turmoil and concerns across Silicon Valley AI firms. The rollout signals that DeepSeek is full steam ahead in the frontier-model race: DeepSeek-V4 Preview is officially live & open-sourced! Welcome to the era of cost-effective 1M context length. DeepSeek-V4-Pro: 1.6T total / 49B active params. Performance...

UMich Sentiment Crashes To Lowest On Record As War Sparks Inflation Panic Among Democrats While the March UMich sentiment survey was completed before and after the start of the Iran War (with only modest impacts on sentiment and inflation expectations), today's preliminary April data survey period was all in the war with expectations for a notable drop in sentiment and sizable jump in inflation expectations. It turns out the expectations were right in direction but underestimated the scale as headline sentiment plunged from 53.3 to 47.6 (far worse than the 51.5...