FundStrat's Newton: Why Not Replace The FOMC With AI?

Top military command across multiple branches and commands warned that prolonged large-scale operations were unsustainable.  The Washington Post spoke with multiple officials familiar with a bi-weekly assessment by top military officials on the status of the armed forces. The heads of the Army, Navy and Air Force and the commanders overseeing operations throughout Europe (EUROCOM), […]

New Mexico Sues DOJ For Unredacted Epstein Files Authored by Matthew Vadum via The Epoch Times, New Mexico is suing the Department of Justice (DOJ) over unredacted Epstein files, accusing the federal agency of stonewalling the state’s own investigation into alleged crimes at deceased sex offender Jeffrey Epstein’s Zorro Ranch. The legal action, filed Aug. 5, intensifies a politically charged fight over the DOJ’s Epstein files, which have been accumulating since investigations into Epstein began in the mid-2000s. New Mexico reopened its investigation in February and is seeking access to files relating to...

SpaceX Reportedly Lowers IPO Valuation Target SpaceX is targeting a valuation of at least $1.8 trillion in its upcoming initial public offering, Bloomberg reported, citing people familiar with the matter. This is below an earlier goal of more than $2 trillion. In practice, the initial IPO valuation target is a marketing range, not a final number. Therefore, any valuation shifts ahead of the trading day would not be unusual. This suggests advisers are calibrating the deal to what investors are willing to absorb, especially given the massive proposed raise of...