After Putin's Guarded Iran War Comments, Medvedev Enters The Chat

US Housing Starts Collapsed In May To Lowest Since COVID With housing inventories at recent highs, the US housing market just suffered another sentiment setback as Housing Starts crashed by 15.4% MoM in May (far worse than 2% drop expected and worse since March 2024)), following a revised 8.5% MoM drop in April. Building Permits slipped 0.7% MoM (in line with expectations)... Source: Bloomberg That pulls the Housing Starts SAAR to its lowest since COVID (after reaching the highest since 2024 in April)... Source: Bloomberg Under the hood, it was multi-family (rental) starts that...

Germany To Scrap Subsidy For Rooftop Solar Germany is planning to abolish fixed feed-in tariffs for small rooftop solar installations as of 2027, saying that falling costs have made the technology economically sound without subsidies (narrator: "it isn't"), Bloomberg reported on Friday, citing a draft proposal for reforms it has seen. At present, rooftop solar installations of any kind are eligible for guaranteed tariffs. But this could change in a few months, if the government approves the proposal of the German economy ministry to have subsidies abolished for projects of less...

Anthropic Says One Of Its Claude Models Was Pressured To Lie, Cheat, & Blackmail Authored by Stephen Katte via CoinTelegraph.com, Artificial intelligence company Anthropic has revealed that during experiments, one of its Claude chatbot models could be pressured to deceive, cheat and resort to blackmail, behaviors it appears to have absorbed during training. Chatbots are typically trained on large data sets of textbooks, websites and articles and are later refined by human trainers who rate responses and guide the model.  Anthropic’s interpretability team said in a report published Thursday that it examined the...