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'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat

'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...
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May 29, 2026 / Tyler Durden
South African Impeachment Committee To Hold First Meeting On President's "Farmgate" Scandal
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May 13, 2026 / Tyler Durden
Goldman Flags Troubling Mortgage Delinquency Rise Across This U.S. Region
Goldman Flags Troubling Mortgage Delinquency Rise Across This U.S. Region Mortgage delinquencies fell slightly in March, with the first-lien delinquency rate declining to 3.35%, down 37 basis points from February, as seasonal factors and tax refunds supported borrowers. The real estate and mortgage industry outlet HousingWire cited Intercontinental Exchange’s May 2026 Mortgage Monitor report, which showed that while the overall mortgage delinquency rate fell in March, there was still concern over serious delinquencies and foreclosures, which are up by 154,000 borrowers from one year ago. The increase was driven mostly by FHA...
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May 6, 2026 / Tyler Durden
How German Media Became The PR Arm Of The Expanding State
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