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FundStrat's Newton: Why Not Replace The FOMC With AI?
FundStrat's Newton: Why Not Replace The FOMC With AI?
Short of abolishing the Fed (much preferred), would automating the Fed make more sense than the current system? Should we trust Kevin Warsh, Jerome Powell, and Lisa Cook to read the tea leaves each month and decree rate changes for us commoners?
That was Fundstrat's Mark Newton’s suggestion during last night's ZeroHedge debate on his H2 market outlook. He pointed out the new chair’s plan to eliminate “forward guidance”, a term invented under the previous chair Powell in which the Fed strategically...
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Mar 10, 2026 / Tyler Durden
Oracle Jumps On Solid Earnings And Guidance Boost Despite Soaring CapEx And Cash Burn
Oracle Jumps On Solid Earnings And Guidance Boost Despite Soaring CapEx And Cash Burn
There was much anxiety ahead of Oracle's Q3 earnings release: yes, revenue growth would be solid but would it come at the expense of even more capex, which has sent the stock price tumbling more than 50% since its record high on Sept 10. In the end, it turned out the company had learned from recent mistakes and projected a goldilocks future: strong revenue and just right capex.
Here is what Oracle reports for Q3:
Adjusted EPS $1.79...
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Jun 1, 2026 / Tyler Durden
The Slow Disappearance Of Cash In Europe
The Slow Disappearance Of Cash In Europe
Authored by Cláudia Ascensão Nunes via the Foundation for Economic Education (FEE),
Under the guise of fighting money laundering, the EU is making anonymous economic activity progressively harder...
Starting in July 2027, Europeans will no longer be allowed to pay businesses or professionals more than €10,000 in cash (roughly $11,500). Any transaction above €3,000 (just under $3,500) will require mandatory customer identification. This is another step toward political uniformity across Europe, stripping countries of autonomy and subtly pushing citizens toward the digital euro.
This measure, part of the...
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Mar 22, 2026 / Tyler Durden
More Than 5,500 Residents Ordered To Evacuate In Hawaii Over Dodgy Dam
More Than 5,500 Residents Ordered To Evacuate In Hawaii Over Dodgy Dam
Authored by T.J. Muscaro via The Epoch Times (emphasis ours),
More than 5,500 people on Hawaii’s most populous island have been ordered to evacuate on March 20 as weather conditions continue to worsen and threaten the integrity of a 120-year-old dam.
Map of the evacuation zone in response to the risk of a dam failure amid torrential rains on Oahu, Hawaii, on March 20, 2026. Screenshot/Hawaii Emergency Management Agency
That island, Oahu, which is home to the capital, Honolulu, is forecast...
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