Shortages And Rationing Loom As Global Oil Reserves Fall At Fastest Rate In History

If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good scenarios, in reality, finding it is even more unlikely than sighting a unicorn.

After "Fantastic Day" With Xi, Trump Says China Offered Help Reopening Strait Of Hormuz Summary:  Trump says President Xi wants Hormuz reopened, won't give Tehran weapons  Trump, Xi Put Hormuz, Iran, Trade, Taiwan At Center Of Historic Beijing Summit Trump Says China Will Help On Reopening Hormuz  It is nearly midnight in Beijing, and President Trump is still speaking on the record with corporate media, offering additional insight on the first day of the summit and state banquet with Chinese President Xi Jinping. In comments to Fox News, Trump said Xi offered to help pressure...

Judge Dismisses Musk's OpenAI Lawsuit After Jury Reaches Verdict A nine-person federal jury has sided with OpenAI, Sam Altman, Greg Brockman, and Microsoft, determining that Elon Musk filed his high-profile lawsuit too late under the statute of limitations. The verdict effectively ends Musk’s claims that OpenAI abandoned its founding nonprofit mission to benefit humanity. The jury unanimously concluded that Musk knew or should have known about OpenAI’s shift toward a for-profit model and major Microsoft partnerships years earlier - potentially as far back as 2019–2021, making his August 2024 filing untimely. U.S....