"Firing On All Cylinders, But..." US Manufacturing Surveys Send Mixed Signals In May

The Telephone, Political Entrepreneurship, And Theodore M. Vail Authored by Joshua Mawhorter via Mises Institute, Originally, this article was intended to be an exploration as to how-after a period of initial patent monopoly and an all-too-brief episode of freer market competition-cronyism reestablished a telephone monopoly that would last for decades. While such an article is worthwhile and hopefully forthcoming, I was struck by the influence of one man's leadership strategy as president of AT&T/the Bell System and how open he was about limiting competition in his industry, inviting regulation, and seeking...

Add Pakistan To Growing List Of Countries Preparing To Stockpile Shahed-Style Attack Drones The Pakistan-based drone company Sysverve Aerospace can now be added to the rapidly expanding list of defense firms worldwide racing to develop, manufacture, stockpile, and potentially deploy low-cost, one-way attack drones on the modern battlefield. The proliferation of these drones across two major battlefields in Eurasia is set to permanently reshape warfare. Pakistani-American artificial intelligence investor Amir Husain posted on X about an exhibit featuring Sysverve’s latest "Shahed-like loitering munition." When asked on X by one user where the...

Headwinds And Tailwinds: Minding The Market Weather Authored by Michael Lebowitz via RealInvestmentAdvice.com, A sailor who fixates on the barometer will rarely leave port. A sailor who never checks it will eventually get caught in a storm. It’s easy for most investors to fall into one of those two modes, either warning that headwinds are approaching and taking cover, or waving off every warning because AI spending is carrying the market higher. This article walks through several market headwinds that warrant attention, as well as a tailwind that may be large enough...