Oil Price Shock Drives 140% Surge In China's EV Exports To Record High

OpenAI's Stratospheric Valuation Draws Investor Scrutiny As It Scrambles To Capture Enterprise Market OpenAI, fresh off the largest private fundraising round in history, is facing mounting questions from some of its own backers over its $852 billion valuation and a whiplash-inducing pivot in strategy that prioritizes the higher-margin enterprise market at the expense of its consumer crown jewel - all because Anthropic is starting to drink their milkshake with enterprise contracts.  The company raised $122 billion last month from Silicon Valley and global capital - including SoftBank, Amazon, Nvidia, Andreessen Horowitz, Sequoia Capital and Thrive...

Mamdani's First 100 Days Aren't Getting High Marks From Voters Zohran Mamdani rode a wave of progressive enthusiasm and sweeping promises to become the Mayor of New York City. Now, as he closes in on his first hundred days in office, he’s learning that governing is a lot harder than campaigning, and a new poll suggests New Yorkers are starting to be skeptical about what they voted for. Some of Mamdani’s campaign promises won’t be fulfilled because Gov. Kathy Hochul is refusing to subsidize them. Earlier this year, snow and trash removal...

Exit Taxes Won't Save Failing States Authored by Vance Ginn via TheDailyEconomy.org, When a state starts floating an exit tax, it is telling you something more important than any campaign slogan: the people running the place know their model is not working.  They may not say it that way. They will call it fairness, responsibility, or making the wealthy “pay what they owe.” But the meaning is the same.  If families, entrepreneurs, and investors are leaving, the state can either ask why its policies are pushing them out, or it can try to tax...