Tankers Seized By US Carried 20 Million Barrels Of Iranian Crude To China

The notion that AI can take over an economy is fantasy. A market economy is not made up of competing algorithms but rather sets of prices that lead to discovery.

Celsius, Monster Shares Slide As Costco Unveils 70-Cent Kirkland Energy Drink The supplement industry news website Stack3d reports that Costco has expanded its Kirkland Signature brand into energy drinks, a move likely to catch the attention of anyone who consumes these amped-up drinks throughout the day, given the sub-$1-per-can price point. Energy drink stocks are trading lower mid-session on Tuesday, though it is unclear whether this is due to Kirkland's entry into the space. "Kirkland Signature Sparkling Energy Drink is now showing up in Costco warehouses in a variety pack...

It Was All A Mirage: 2.5 Million Native-Born US Workers Were Just Revised Away One of Donald Trump's core pre-election promises (along with cracking down on immigration and no more foreign wars) was to boost employment for local-born Americans at the expense of the record employment for foreign-born, mostly illegal, workers. And for a while it worked: four months ago, when discussing the September jobs report, we said that while the broader report was generally mixed, it was "indisputably strong when it comes to one thing: the rotation from foreign...