US Property Foreclosure Filings Increase 14% Year Over Year

The Diamond Crash Accelerates The Diamond Standard Index, tracked on Bloomberg under the ticker DIAMINDX, tumbled to new record lows during the first half of August as a surge in affordable lab-grown stones eroded the scarcity premium underpinning natural diamond prices. "Technological progress in growing diamonds in labs has been amazing. It's no surprise most engagement rings are now using lab diamonds," X user Crémieux said. Technological progress in growing diamonds in labs has been amazing. It's no surprise most engagement rings are now using lab diamonds. https://t.co/MZ4zWVlQNq pic.twitter.com/fH1lFYD3Ih — Crémieux (@cremieuxrecueil) August 8,...

San Francisco Judge Dismisses xAI Trade Secret Lawsuit Against OpenAI Authored by Kimberley Hayek via The Epoch Times, A federal judge dismissed a trade secret lawsuit filed by Elon Musk’s xAI against OpenAI, ruling that the plaintiff failed to demonstrate the competing artificial intelligence company improperly obtained confidential information. U.S. District Judge Rita Lin issued the order Monday in San Francisco, dismissing the case with prejudice, resulting in xAI being unable to refile an amended version of the complaint based on the same arguments. Lin found that xAI did not make clear that...

Macroeconomic Data Is Really A Tool For Government Intervention Authored by Frank Shostak via Mises Institute, It is common for commentators and economists to refer to something called the "economy," which sometimes performs well and, at other times, poorly. The "economy" is presented as an entity apart from individuals. Within this framework, the "economy" is assigned paramount importance, while the role of individuals is barely mentioned. It must be realized that, at no stage, does the so-called "economy" have a life of its own, independent from individuals. According to this way of...