Warsh Faces Uphill Battle As FOMC Minutes Show Deeply-Divided Fed Against Easing Bias

'Chat Is Dead': OpenAI's Pre-IPO Makeover Into A "Superapp" The year the private-AI complex finally has to show its work has arrived, and ChatGPT maker OpenAI is about to add some major garnishing to the prospectus before their upcoming IPO - in what FT is calling the "biggest overhaul of ChatGPT since launch." "It will transcend the actual surface . . . what we’re building towards is where you have your own personal agent that is capable of helping you . . . across everything in your life, be it personally or at work,"...

Meteorologists Sound Alarm Over El Nino Plume Racing Across Pacific Like "Freight Train" Meteorologists on X are once again warning about a powerful El Niño, pointing to a new plume of warm subsurface water moving across the Pacific "like a freight train." The latest water temperature data suggest that El Niño later this year could rank among the strongest on record, with potentially significant implications for the Lower 48. "Updated El Niño forecast for this summer/autumn is 'off the charts' EXTREME with 'boiling red' map colors along Equatorial central and...

5 Charts To Navigate This Chaotic Market Authored by Adam Sharp via DailyReckoning.com, I have 5 charts for you today which put this crazy market into context and give some clarity on what might come next. We’re at a fascinating crossroads for markets, geopolitics, and finance. Let’s get started. Semis Party Like It’s 1999 First up, semiconductor returns. The index below includes U.S. semi stocks like Nvidia, Micron, Intel, Broadcom, Marvell, Texas Instruments, and more: Source: Charlie Bilello  As you can see, during the dotcom bubble, semiconductor stocks soared 234% over 14 months in the period leading up...