China's DeepSeek Debuts Flagship AI Model As Compute Race Intensifies

ADP Employment Report Shows 12th Straight Month Of Job Gains With jobless claims still hovering near multi-decade lows and Job Openings soaring, and despite near record low consumer sentiment (particularly about the labor market), ADP was expected to report another strong employment report this morning with the US economy adding 120k jobs. The actual print was a disappointing +98k, but still represented the 12th straight month of employment gains... Source: Bloomberg Once again Small Business led the charge with hiring, but the gains were seen across all firm sizes... Interestingly, only the Natural Resources...

Rep. Steve Cohen Drops Reelection Bid After Tennessee Redistricting On Friday Democratic Rep. Steve Cohen of Tennessee announced he is ending his bid for reelection to Congress, capping a nearly 20-year career in the U.S. House. The decision comes days after the Republican-controlled Tennessee legislature approved a new congressional map that dramatically reshapes - and effectively dismantles - his longtime majority-Black 9th District in Memphis. Rep. Steve Cohen (D-Tenn.) speaks at a hearing on oversight of the Federal Trade Commission in Washington on July 13, 2023. Madalina Vasiliu/The Epoch Times Cohen, 76, described...

America's Energy Future Is Being Decided In Obscure Utility Commission Races Authored by Elizabeth Gianini via RealClearEnergy, Most Americans could not name a single member of their state Public Service or Utility Commission (PSC/PUC). Radical climate activists are counting on that. Across the country, radical climate activists and left-wing environmental organizations are pouring millions of dollars into obscure utility commission races because they understand something many voters do not: these commissions increasingly influence the future of America's electric grid. These regulatory bodies decide how electricity is generated, how transmission infrastructure is built, how quickly...