US Defense Stocks Take Epic Fury Beating, Leaving UBS Asking Why

US Industrial Production Unexpectedly Drops In March (After Huge Upward Revision For Feb) At first glance the 0.5% MoM decline in US Industrial production (considerably worse than than the 0.1% MoM rise expected - and dragging YoY growth in IP down to +0.74%) is bad news... suggesting immediate impacts from the war are being felt and sparking headlines decrying President Trump's actions. Source: Bloomberg However, while we agree that the decline is notable, the fact that February's data was revised drastically higher, from +0.2% to +0.7% MoM, means that over the two...

How Social Media Verdicts Could Upend Tech Industry Authored by Jacob Burg via The Epoch Times, Two major court verdicts last week finding social media giants Meta and YouTube liable for harm to users could send shock waves through the tech industry. In a first-of-its-kind lawsuit, a jury in Los Angeles on March 25 found both companies liable for making their platforms addictive and deleterious to the mental health of young users. The 20-year-old plaintiff, referred to as “Kaley G.M.” or only her initials K.G.M. during trial, testified that she had become addicted...

The Pentagon is using an Artificial Intelligence system developed by Palantir to select targets in Iran. Some members of Congress are considering legislation to place restrictions and safeguards on the Department of War’s use of AI.  Two Congressional sources speaking with NBC News confirmed the use of Palantir’s AI for targeting and the potential bill. […]