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European Car Sales Jump 11% As Fuel Shock Drives EV Demand
European Car Sales Jump 11% As Fuel Shock Drives EV Demand
European auto sales posted their strongest monthly gain in almost two years in March, as robust demand emerged for fully electric and hybrid models. The surge in demand follows the US-Iran conflict, which disrupted energy flows through the Hormuz chokepoint. As a result, petrol and diesel prices at the pump in Europe soared. Another issue is China flooding the continent with cheap EVs, undercutting already struggling domestic automakers.
Bloomberg cited new-vehicle registration data for last month showing an 11%...
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Aug 9, 2026 / Tyler Durden
Your Tax Dollars At Work: 20 Port Authority Workers, 17 Cops, Make Over $400,000
Your Tax Dollars At Work: 20 Port Authority Workers, 17 Cops, Make Over $400,000
Apparently, one of the best ways to make $400,000 a year in the New York area is to work for the Port Authority, according to the NY Post.
Twenty Port Authority employees, including 17 cops, cleared $400,000 in total compensation last year as the agency's payroll sailed past $1.2 billion. And much of the magic came from everyone's favorite government money fountain: overtime.
According to payroll data obtained by the Empire Center for Public Policy, 323 employees collected...
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Sep 3, 2026 / Murray N. Rothbard
The Fortuitous Fed
The war could not have been financed under the old gold standard.
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Aug 31, 2026 / Tyler Durden
Unitree's Blockbuster IPO Short Circuits
Unitree's Blockbuster IPO Short Circuits
Shares of Unitree Robotics have nearly halved since the Chinese company's blockbuster IPO almost two weeks ago, as concerns about a humanoid robotics bubble continue to mount. Not even China's World Humanoid Robot Games or World Robot Conference generated enough enthusiasm among retail or institutional investors to rekindle upward momentum.
The warning signs were first visible from the opening bell in Shanghai. Unitree initially surged 629% when it began trading on Shanghai's Star Market, immediately transforming China's first publicly traded humanoid robot manufacturer into a...
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