Is The Fed Finally Done Rescuing Markets?

New York Millionaire's Club Says They're Happy Paying Higher Taxes Under Mamdani Sigh. It's all so exhausting. Not all of New York’s wealthiest residents are sounding alarms over Mayor Zohran Mamdani’s plan to raise taxes on high earners. In fact, a small group of millionaires says the backlash is a bit over the top, according to Bloomberg. Members of the Patriotic Millionaires — including filmmaker Abigail Disney, granddaughter of Roy O. Disney of The Walt Disney Company — argue the rich can easily afford to contribute more if it helps fund...

AI Hallucinations Are Exploding In U.S. Courts, New Study Finds A new analysis from Laine AI suggests that AI-related errors in U.S. court filings are no longer isolated incidents but a rapidly expanding trend. Drawing on hundreds of confirmed cases, the study finds that courts are seeing a growing number of filings containing fabricated citations, inaccurate legal authorities, and other AI-generated mistakes as lawyers and self-represented litigants increasingly incorporate generative AI into their work. The increase has been dramatic. According to the report, documented AI-related filing errors climbed from just 25 cases...

The Four Iran War End-Games Revisited, And The Peak Pressure Points Submitted By Peter Tchir of Academy Securities A Yogi Berra Kind of Weekend There is something special about “home openers.” The baseball season can drag on, but the home opener is such a great reminder that summer is on the way and that the possibility of winning it all remains in your reach. Maybe that is why I have Yogi Berra on my mind. Or maybe, and far more likely, it is because a lot of recent discussions seem to lend themselves...