Wall Street Keeps Testing AI Traders, But Most Are Still Underperforming

The "Good News" Is Always The Same: The Stock Market Is Up... Until It Isn't Authored by Charles Hugh Smith via OfTwoMinds blog, Cloaking a fake "market" with artifice to maintain its asymmetrical distribution of wealth and income also cloaks its detachment from the real world. I often refer to the dynamics of self-correction and self-liquidation. Systems that use feedback to rebalance extremes are self-correcting: rather than accelerate as they approach a cliff, they slow down and reorganize to avoid runaway self-reinforcing feedback (i.e. positive feedback), a.k.a. run to failure. Some things are self-liquidating by...

US Boosts Venezuela Earthquake Aid To $300 Million As 50,000 Remain Missing Summary: US Increases Earthquake aid Aftershock rattles Caracas on Monday morning  +50,000 people remain missing according to independent monitoring platform US Military Begins Humanitarian Operation In Quake-Ravaged Venezuela US Increases Earthquake Aid The US has increased its financial commitment to Venezuela's earthquake response to more than $300 million, according to the State Department. We reported this past weekend that U.S. military personnel were, in fact, on the ground and had begun search-and-rescue operations. The latest pledge includes an additional $50 million in funding for partner operations, on top...

TotalEnergies CEO Reveals Cost To Move A Supertanker Through Hormuz The crisis-driven dislocation across Gulf oil markets has positioned French energy giant TotalEnergies SE as an early mover, capitalizing on heavily discounted Persian Gulf crude priced at $50 to $60 a barrel and moving it through the highly contested Strait of Hormuz. CEO Patrick Pouyanné revealed at the Norwegian energy conference on Monday that transiting the waterway now costs roughly $20 million per supertanker. Bloomberg earlier quoted Pouyanné as saying that the added cost of moving crude on supertankers through the Hormuz...