K-Shaped Economy Bites Back: Retail CRE Transactions For Shops, Malls Plunge

Live Cattle Futures Tumble To Seven-Month Low, But Bernstein Says Beef Prices Will Stay Elevated Despite our view that beef prices will remain elevated this year amid the smallest US cattle herd size in more than 60 years and mounting concerns over New World screwworm detections in Texas, live cattle futures in Chicago have tumbled this month as speculative traders unwind bullish bets. Chicago live cattle futures have dropped to their lowest point since December 2025, as speculative traders liquidate positions amid weakening cash trade and falling wholesale beef prices. The commodities...

Texas PUC Approves "Ride-Through" Rules For Data Centers By Diana DiGangi of UtilityDive, The Texas Public Utility Commission on Thursday unanimously approved rules that will require large computational loads, like data centers and crypto-mining facilities, within the Electric Reliability Council of Texas footprint to stay stable and connected to the grid through disruptions. Modern computational loads, Kenteel Engineering said in a June blog, are “engineered to protect extremely sensitive and expensive equipment,” and during a voltage dip are programmed to disconnect or enter momentary cessation. However, this presents a reliability problem, Kenteel Engineering...

The Conflicts Brewing In America's Ten Classes Authored by Charles Hugh Smith via OfTwoMinds blog, What we do know is that things have internal structures with dynamics that operate whether we "like" them or not. Correspondent Manoj S. recommended an essay from the always-insightful John Michael Greer on the dissolution of unproductive classes behind the smokescreen of AI: A Game of Musical Chairs "You can sell Americans on anything, no matter how wretchedly unsatisfactory it is, by labeling it as progress. That's what's being done now, with AI being used as a justification for...