Israel Establishes Gaza-Style ‘Yellow Line’ in Lebanon as Occupation, Destruction Continues Despite ‘Ceasefire’

Shoe Brand Allbirds Pivots To AI, Changes Name To NewBird AI, Stock Rips More Than 360% Just when you thought you’d seen the last of the AI pivot idiocy… Allbirds (yes, the wool sneaker people) is mooning—up as much as 360%—after announcing it’s ditching shoes and pivoting to, of course, AI. This comes just weeks after agreeing to sell off its brand and footwear business for $39 million, according to Sherwood News. The plan? Rebrand as “NewBird AI,” raise $50 million, and reinvent itself as a GPU-as-a-Service / AI cloud company. Translation:...

Will AI Make Us Wonderfully Prosperous? Authored by Jeffrey Tucker via The Epoch Times, “Any given government program will become the opposite of its name,” Elon Musk said recently. The rule seems correct. Think of the Affordable Care Act, the Inflation Control Act, the CARES Act, the War on Poverty, and countless others. They all resulted in the very inverse of how they are named. That’s some wisdom right there. Musk holds many libertarian views along these lines and has been a vocal champion of capitalism as an economic system. He famously set out to...

US Existing Home Sales Bounced In February As Mortgage Rates Tumbled Despite tumbling mortgage rates, existing home sales plunged (the most since COVID) in January, with some blaming 'below-normal temperatures' despite The West suffering the biggest declines (and unaffected by the winter storms). Consensus was for a modest 0.8% MoM decline in February (again despite an ongoing drop in mortgage rates) but sales actually surprised to the upside, rising 1.7% MoM. Perhaps even more notably, January's 8.4% MoM plunge was revised up to a slightly less crazy 5.9% MoM drop... Source: Bloomberg With...