The MBS Slope n’ Swap

Israel continued with its attacks on Lebanon today, following by far the single deadliest day in the war on Wednesday, in which at least 254 people were killed and well over 1,100 others were wounded. Lebanon has declared a national day of mourning today, as they continue to search for survivors in the rubble. Recovering […]

Diesel Surges Above $8 In San Fran As Gulf Shock Exposes California's Disastrous Policies The Gulf energy shock is exposing the consequences of California’s economic mismanagement under the state’s one-party rule of Democratic kings and queens. Years of failed "green" policies, regulatory overreach, high taxes, endless environmental mandates, and heavy reliance on Asian refineries have transformed California into an energy island highly vulnerable to global fuel shocks, with San Francisco becoming the first U.S. city on Saturday to top $8 a gallon for diesel. "For the first time ever, GasBuddy...

'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat Korean markets were under pressure overnight after politicians floated the idea of tapping AI profits.  Bloomberg reports that a top South Korean policymaker said the nation should pay citizens a 'dividend' using taxes on AI profits, with the obvious read through to Samsung and SK Hynix.  The comments in a Facebook post by presidential policy chief Kim Yong-beom fueled sharp swings in Korean stocks on Tuesday as investors struggled to parse the scope of the proposals. “Excess profits in the AI era...