Trump Rejects Iran Offer, Prepares 'Short Wave' Strikes, As Oil Prices Soar & Congressional GOP Members 'Restless'

Tech CEOs: Just Kidding About That Jobpocalypse For three years, everyone from Goldman, to Richmond Fed President Thomas Barkin, to tech CEOs have been forecasting mass unemployment due to AI wiping out jobs - which would only be accelerated by the proliferation of cheap(er) Chinese models. Ford Motor CEO Jim Farley said last year that AI would replace "literally half of all white-collar workers in the U.S."  And while that may only be a matter of time, tech CEOs have changed their tune - albeit while facing public pitchforks over data centers, the cost of...

Latest Fed Beige Book Underscores "K-Shaped" Split Of US Economy Economic activity increased at a "slight to moderate" pace for ten of the twelve Federal Reserve Districts, while one District reported a slight decline and one reported no change, according to the latest Fed Beige Book. The just released Beige Book - prepared at the Federal Reserve Bank of Kansas City based on information collected on or before May 27, 2026, and is the second one to capture the effect of the war on the US economy - found that consumer spending...

Germany To Join French Nuclear Exercise, Deepening 'Counter-Russia' Deterrence In the latest development related to what some analysts have called the 'new Cold War' and nuclear saber-rattling between Russia and the West, Germany and France are planning a major nuclear exercise later this year. The atomic drills were announced Friday, after a joint top-level meeting of the French and German governments near Cologne. "Alongside this work on a shared doctrine, German conventional forces will this year take part in a nuclear exercise of the French military," German Chancellor Friedrich Merz unveiled.  picture alliance/dpa He...