Mark Zuckerberg Is Building An AI Version Of A CEO To Help Him Run Meta

US PMIs Mixed But Still Signal Accelerating Economic Growth In Q3 With 'hard data' trending weaker, today's preliminary July PMIs offer the first glimpse at whether the reignition of the Iran War is weighing on 'soft' survey sentiment in the US economy. The data was mixed (as always) with Manufacturing disappointing while Services accelerated more than expected: Flash US Manufacturing PMI: 53.8 (June: 53.9). 4-month low. Flash US Services PMI Business Activity Index: 53.6 (June: 51.2). 8-month high. “US businesses reported a good start to the third quarter," said Chris Williamson, Chief Business Economist at...

President Trump said on Wednesday that the ceasefire and US-Iran Memorandum of Understanding are “over” and called Iranian leadership “scum” after the US bombed Iran again and the Iranian military hit back at US bases in the region. “To me, I think it’s over. I don’t want to deal with them anymore. I think they’re […]

Markets Now Face Two Wars And Two Economic Wars By Michael Every of Rabobank Two wars and two economic wars Friday’s Jackson Hole speech from Fed Chair Warsh would traditionally be the big event this week but that’s arguably no longer true: the action is not with central banks but elsewhere. I don’t mean the ECB’s Lagarde going to work for the WEF. Rather, markets now face two wars and two economic wars. Dawn in the US will see what Treasury Secretary Bessent calls ‘Economic D-Day’ designed “to sever every economic lifeline that...