Closer Look Reveals April Jobs Report Was A Disaster, And AI Is Now Here To Take Your Job

"The State Does Not Create Wealth; It Consumes It": Europe's Socialist Model Hits The Wall Authored by Daniel Lacalle via dlacalle.com, Decades of bloated government, entitlements, subsidies, and mass migration have destroyed Europe's competitiveness and growth, all paid for with ever-rising taxes and more debt. They have also created enormous social discontent. Taxpayers are exhausted, and the recipients of subsidies are looting and vandalizing the streets. The flames in French cities are the bill that is arriving. On Saturday 17 October, France burned again. What began as marches against the cost of...

Nasdaq Tumbles After FT Reports OpenAI Revenues Disappointing ...and just like that, the massive AI CapEx boom "excess demand" narrative is in doubt... The Financial Times reports that OpenAI’s annualised revenue is about $20bn less than has been previously signalled, according to financial documents shared with investors, a massive gap likely to damp optimism about the growth of AI demand. The company has recently told investors its revenues were approaching $50bn on an annualized basis at the end of September, far short of the $70bn reported by the FT and other media outlets...

Trump Toughens Terms Of Iran Deal Framework, As Bessent Pinpoints Tehran's 'Big Mistake' Summary NYT on Sunday: President Trump has toughened the terms of a potential framework for a deal to end the war in Iran. Washington seeks to ratchet pressure, but Tehran still not budging on issue of remaining nuclear material. Bessent describes the "big mistake" Iran made to Fox - attacking its neighbors & losing friends; also says of the Iranians "they're going to have to start taking down the wells." Israeli PM Netanyahu says he has "instructed the Israeli military to...