Oil Shocks & Recessionary Outcomes

Korea Barbeque'd: Kospi Crashes As Chip Stocks Tank, AI Token Index Spirals Lower South Korean stocks plunged on Tuesday as concerns over circular AI financing and China's expanding DUV lithography capabilities (read here) were top of mind among investors. Adding to the pressure, chipmakers may not have found a floor just yet because Silicon Data's LLM Token Expenditure Index continues to slide, suggesting that companies are shifting toward cheaper models, particularly open-source alternatives from China. Top Overnight News The Kospi index follows a weak US session lower, falling as much as 10.7%...

Flying Car Industry Turns To Solid-State Batteries For Commercial Takeoff Authored by Bojan Stojkovski via Interesting Engineering, Solid-state battery advances could accelerate flying car adoption. GACAs the flying car industry moves from prototype development toward commercial deployment, attention is increasingly shifting to the technologies needed to support safe and scalable operations. Su Qingpeng, founder and CEO of GAC Govy, a low-altitude mobility company incubated by GAC, recently described solid-state batteries as the "essential path" for the future of flying cars, highlighting their potential to deliver the energy density and safety required for...

'Muslim Theme Park Experience' Sparks Fierce Backlash In 'Two-Tier' UK Authored by Steve Watson via Modernity News, A theme park in Britain has received intense backlash for marketing exclusive access, halal vendors and Islamic stalls, effectively sidelining non-Muslims. Gulliver's Land in Milton Keynes is handing its rides and grounds to a day promoted as reserved exclusively for the Muslim community. Organisers described it as a "Muslim Theme Park experience" with unlimited rides, halal food vendors, Islamic stalls, kids' activities and limited tickets sold primarily to that group. Promotional material from Mubarak Moments, the...