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GDP Shocker: 75% Of US Growth In The First Quarter Was Due To AI

GDP Shocker: 75% Of US Growth In The First Quarter Was Due To AI On the surface, today's Q1 GDP print was unremarkable: Real GDP grew 2.0% annualized in the first quarter, somewhat below consensus expectations of 2.3% and reflecting a surprisingly small rebound in government spending after the shutdown drag in Q4. Federal government spending contributed only half as much to real GDP growth in Q1 (+0.6%) as it subtracted in Q4 (-1.2%), implying that the level of real federal government spending in Q1 is 2.2% below its level...
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May 6, 2026 / Connor O'Keeffe
How Antitrust Populists Drove Spirit Airlines Out of Business
Antitrust populists claimed blocking the Spirit–JetBlue merger would protect competition and consumers. But their effort entirely misdiagnosed the problem with the airline industry, leading to an intervention that strengthened the very oligopoly they set out to fight.
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May 11, 2026 / Tyler Durden
Billionaire Bucks Co-Owner Alleges $1 Billion Blackmail Plot After Affair With China-Born Entrepreneur
Billionaire Bucks Co-Owner Alleges $1 Billion Blackmail Plot After Affair With China-Born Entrepreneur Wesley Edens, billionaire investor and co-owner of the Milwaukee Bucks, replied to a 2022 LinkedIn message from Changli Sophia Luo, a China-born founder of a small Manhattan nonprofit that produced interview videos. Their exchanges turned personal; by June 2023 they met at her apartment and had sex, according to the Wall Street Journal, citing prosectuors.   What followed, authorities say, became an extortion case. Luo was indicted for allegedly trying to extract over $1 billion by threatening to release...
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Apr 23, 2026 / Tyler Durden
CIA-Backed AQ-Linked Syrian Leader Watching Dance Performance To Missy Elliott Song Goes Viral
CIA-Backed AQ-Linked Syrian Leader Watching Dance Performance To Missy Elliott Song Goes Viral Via Middle East Eye A video of interim Syrian President Ahmed al-Sharaa (previously, Abu Mohammad al-Julani) watching a dance performance to Missy Elliott's Work It has gone viral, sparking a mix of amusement and confusion on social media. The performance took place on Monday at the recently reopened al-Feyhaa Sports Hall in Damascus, which Sharaa had inaugurated earlier that day before a Syria-Lebanon basketball match later that evening. The game marks the first time Syria and Lebanon have played against each other since the fall of Bashar...
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