Israeli Navy Abducts Nine Fishermen Off the Coast of Gaza

Since the US and Israeli surprise attack on Iran, Tehran has continued to export oil that is selling at significantly higher prices.  According to an analysis by The Economist, nearly all of the oil tankers currently exiting the Persian Gulf are linked to Iran. After the surprise attack on February 28, Tehran closed the Strait […]

'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat Korean markets were under pressure overnight after politicians floated the idea of tapping AI profits.  Bloomberg reports that a top South Korean policymaker said the nation should pay citizens a 'dividend' using taxes on AI profits, with the obvious read through to Samsung and SK Hynix.  The comments in a Facebook post by presidential policy chief Kim Yong-beom fueled sharp swings in Korean stocks on Tuesday as investors struggled to parse the scope of the proposals. “Excess profits in the AI era...

"Mamdani Mart" Exposes The Inefficiency Of Socialism In One Chart Andreessen Horowitz's a16z New Media published the most popular charts of the week on financial markets, but the most revealing one came at the end of the note: a comparison suggesting that New York City's first grocery store, which will soon be run by unhinged socialists, will be structurally less efficient than private-sector supermarkets.  But who cares when it's not taxpayer monies? According to the New York Post, Mayor Zohran Mamdani's proposed city-owned grocery store in East Harlem would require roughly $30...