Moore: Time For Jerome Powell To Go Home

Dozens Of Nations Scramble For World Bank Financing Amid Iran War Global Shock Via The Cradle Twenty-seven countries have moved to activate emergency World Bank financing mechanisms since the US-Israeli war on Iran began in late February, Reuters reported Friday. Three nations have already received approval for fast-tracked funding, while the other 24 are in the process of completing administrative procedures.  Kenya and Iraq have publicly confirmed they are seeking emergency World Bank assistance, with Nairobi facing surging domestic fuel prices and Baghdad grappling with severely diminished oil revenues due to disruptions in maritime exports. Getty...

Nadella's Hedge: Microsoft Wants To Make AI Models Cheap - Then Own The Rails They Run On The entire AI capital cycle - roughly $700 billion in hyperscaler capex this year, an estimated $2 trillion-plus through 2028 - is collateralized by one belief: that intelligence is scarce, and therefore priceable. That belief is already under strain. Per-token inference prices have fallen on the order of 200× in a year, and the only thing holding revenue up is volume; the cost of intelligence is dropping even as the cost of deploying...

Ukrainian drone attacks were launched against multiple Russian regions overnight, targeting the Russian online retailer Wildberries, oil refineries, and killing at least three people. The operations, which are supported by US intelligence, came after President Trump met with Ukrainian President Volodymyr Zelensky in Washington. Photos from social media show a fire at a Wildberries warehouse […]