US Southern Command Bombs Two Alleged Drug-Running Boats, Killing at Least Five People

Broadcom Crashes After AI Chip Revenue Forecast Misses Broadcaom stock is plunging in after-hours trading, after the company reported Q2 results which delivered a disappointing forecast for AI chip revenue, signaling that the company is either progressing more slowly than anticipated in the burgeoning industry, or that unlike its peers, is actually truthful in predicting the potential of the AI bubble. The historicals were ok: in the fiscal second quarter, which ended May 3, sales rose 48% to $22.2 billion, just barely beating the $22.1 estimate. AI semiconductor revenue was $10.8 billion, also...

SCOTUS Rules Trump Can Build White House Ballroom, Roberts Joins Dissenting Liberals The U.S. Supreme Court just issued an order allowing construction of President Trump’s White House ballroom project to continue while the administration contests a lower court order that would block much of the development. The justices voted 5–4 (with Chief Justice Roberts joining the three 'liberal' judges in dissent) to grant the federal government’s request to stay a lower court’s order halting above-ground construction of the ballroom while a lawsuit against the project by a historic preservation group plays...

BMW Job Cuts And The Emerging German-French Industrial Strategy Submitted by Thomas Kolbe Will German policy paralysis and French protectionism save Germany’s automakers? Unlikely, since Paris and Berlin are pursuing similar ideological goals. Everything points toward the expansion of a green state-run economy. On that, there is agreement. The concerns of private enterprise are secondary. Given the dramatic situation, automakers would probably take even the most hopeless escape route in an attempt to escape the downward spiral. This has now also caught up with the previously remarkably resilient BMW Group: Just last...