Uber Introduces $1,500 Monthly Cap On AI Coding Tools After Budget Blowout

Trump Claims Iran Deal 'Pretty Much All Wrapped Up' - FARS Says Nothing Approved Summary TACO SEASONING: Trump tells NY Post that Iran deal "pretty much all wrapped up," but FARS news agency says no deal has been approved.  TACO: Trump Cancels Strikes After All Day Bluster About 'Bigger' Strikes on Iran Tonight Iran Parliament Speaker Ghalibaf says "Wrong strategies and impulsive decisions will reset the entire board for the worse, explode energy infrastructure and markets & create an endless quagmire that you will be stuck in for years." Trump follows with mention of "bigger, more powerful"...

Asian Oil Buying Spree Sends Dubai Crude Toward $100 Authored by Irina Slav via OilPrice.com, Stronger appetite for Middle Eastern crude grades from China and India has added upward pressure on prices for these grades, pushing the Dubai futures close to $100 per barrel, Bloomberg reported today, citing unnamed traders. Demand for Middle Eastern oil is especially strong from refining majors such as Indian Oil Corp. and PetroChina, as well as refiners in South Korea and Japan, the report said. This is despite the latest escalation between the United States and Iran,...

The Permanent Distortion Theory Submitted by QTR's Fringe Finance “This time it’s different” is supposed to be the dumbest phrase in investing. It’s the phrase people use right before they get obliterated. It was the rallying cry of dot-com lunatics buying companies with no revenue in 1999. It was the intellectual foundation of housing perma-bulls in 2006 who believed home prices could only go up because, apparently, Americans had collectively decided real estate was immune mathematical reality. It’s typically what people say when they’re trying to justify paying absurd prices for dogshit assets...