"A Lot Of BS, Honestly": Apollo Head Says Everyone Is Measuring AI Wrong

SaaSpocalypse Is Back: IBM Crashes Most Since 1987 As Customers Abruptly "Shift CapEx Spending" IBM shares plunged almost 20% in premarket trading, putting the stock on track for its worst intra-day collapse since Oct. 19, 1987. Worse than the Dot Com crash... The catalyst for the selloff was IBM CEO Arvind Krishna's letter to investors outlining preliminary second-quarter results. Here is what's key: IBM CEO: DID NOT ANTICIPATE MAGNITUDE OF CAPEX REPRIORITIZATION Traders were likely caught off guard by a 7% decline in infrastructure revenue, raising new concerns about demand across one of IBM's key...

Trump Signals Response To Haifa Refinery Strike 'Shortly' As WH Mulls Uranium Seizure Op; Bessent Vows To 'Retake' Hormuz 'Over Time' Summary Iran rejects 'excessive, illogical' US demands while Trump mentions 'progress' with a 'more reasonable regime'. Trump again threatens to destroy Iran energy sites and Kharg Island. White House seriously considering ground operation to seize Iran's enriched uranium stockpile but also wants Tehran to negotiate handing it over willingly. Bessent: US will 'retake' Hormuz Strait 'over time'. Bazan oil refinery in Israel's northern city of Haifa is on fire after a second apparent Iranian missile strike...

Senators Unanimously Pass Resolution To Withhold Their Own Pay During Shutdowns Authored by Jackson Richman via The Epoch Times, The Senate unanimously approved a resolution on May 14 that would suspend senators’ pay during government shutdowns. The measure, introduced by Sen. John Kennedy (R-La.), passed by voice vote and is scheduled to take effect after the November midterm elections. Under the resolution, the Senate secretary would withhold lawmakers’ salaries whenever a government shutdown affects one or more federal agencies. Pay would be released once government funding is restored. Supporters say the proposal is intended...