The Inconsistencies of John Stuart Mill

Iran Rejects US Pressure, Enters 'Survival Economy' As Mediators Cite 'Absolutely No Progress' It has become beyond obvious that there is no broader peace process and that things are in a stalemated situation amid what's broadly seen as a Washington retreat from military confrontation, leaving Iran to press its own vision of management over the Strait of Hormuz with Oman. While President Trump has settled into a waiting game which once again bets on sanctions and economic warfare to eventually force Tehran to bend, Iranian military leaders are declaring that "victory...

Broadcom Crashes After AI Chip Revenue Forecast Misses Broadcaom stock is plunging in after-hours trading, after the company reported Q2 results which delivered a disappointing forecast for AI chip revenue, signaling that the company is either progressing more slowly than anticipated in the burgeoning industry, or that unlike its peers, is actually truthful in predicting the potential of the AI bubble. The historicals were ok: in the fiscal second quarter, which ended May 3, sales rose 48% to $22.2 billion, just barely beating the $22.1 estimate. AI semiconductor revenue was $10.8 billion, also...

Aramco Cuts Asia Oil Prices To Six-Year Low, Warns Global Oil Supply Buffer "Scarily Thin" Saudi Aramco has raised oil prices for European-bound cargoes in November but has cut prices for Asian buyers to the lowest in six years as Persian Gulf producers race for market share with flows through the Strait of Hormuz increasing.  The state-owned firm will offer Arab Light crude to buyers in Asia to $5 a barrel less than the Dubai/Oman benchmark for November, according to Bloomberg citing a list from the producer. That compared with a discount of...