Is Another Stone Age in the Making?

Americans' Confidence Dips In August As Chicago PMI Plunges Into Contraction The MNI Chicago PMI for August was a disaster, printing below even the worst analyst's expectations. Against expectations of a rise to 57.9, the headline print crashed from 57.6 to 47.1 (flashing recession signals)... Prices paid accelerated while the overall business barometer plunged into contraction. That is the biggest MoM drop since COVID... However, in the face of that collapse in business confidence, UMich reported US consumer sentiment fell in August for the first time in three months on a worsening economic outlook,...

"Entering The Mega Investment Era": JPM Breaks Down South Korea's Plan To Double Memory-Chip Production Any hope that the memory-chip shortage would ease this year was upended Monday morning, as South Korea's two memory giants, Samsung and SK Hynix, prepare a massive capacity expansion that will unfold over the next five years rather than provide near-term relief. That means the supply squeeze rippling through consumer electronics, from Apple MacBooks to Microsoft Xbox consoles, is likely to keep driving prices higher  for the foreseeable future. The Korea Economic Daily reports that South...

US Working To Close Visa Loophole For Chinese Visitors: Homan Authored by Frank Fang and Jan Jekielek via The Epoch Times, The Trump administration is taking steps to prevent Chinese nationals from exploiting a visa-free travel program to the Northern Mariana Islands, according to White House border czar Tom Homan. Chinese citizens wait to submit their visa applications at the U.S. Embassy in Beijing on May 2, 2012. Mark Ralston/AFP/GettyImagesSpeaking to Epoch Times senior editor Jan Jekielek in an "American Thought Leaders" interview aired on Sept. 26, Homan called birth tourism a...