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75% Of US GDP Growth In The First Quarter Was Due To AI
75% Of US GDP Growth In The First Quarter Was Due To AI
On the surface, today's final revision (aka 3rd estimate) of the US Q1 GDP print was unremarkable: Real GDP grew 2.1% annualized in the first quarter, a reversal of last month's downward revision of 1.6%, but back to where the original print was when it was reported in April, when the BEA reported 2.0% growth.
The print reflected a downward revision to imports, which are a subtraction in the calculation of GDP, that was partly offset by a...
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Apr 4, 2026 / Tyler Durden
Major US Shale Producer To Boost Output, And It Suggests One Thing
Major US Shale Producer To Boost Output, And It Suggests One Thing
Last month, roughly three weeks into the U.S.-Iran conflict, UBS chief economist Arend Kapteyn told clients that one reason this Middle East energy shock is "not like the 2011-2014 shale boom" is the lack of a comparable response from the U.S. shale patch. In other words, the oil shock was viewed as temporary by major shale players and not worth adding new drilling rigs to the mix.
But now, on day 35 of Operation Epic Fury, that assumption about...
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Apr 23, 2026 / John W. And Nisha Whitehead
Easier to Die, Harder to Vote: The Rigged Architecture of the Warfare State
Reports of food shortages on naval ships deployed to the Middle East. Video footage of disabled military veterans—some in wheelchairs, others leaning on canes—being zip-tied and dragged out of the Capitol Rotunda for staging a peaceful, anti-war protest. Sixty-six veterans were arrested while conducting a flag-folding ceremony in recognition of the 13 military servicemembers who have died so far […]
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Jun 22, 2026 / Tyler Durden
Waymo Recalls Robotaxis After Cars Drive Into Construction Zones
Waymo Recalls Robotaxis After Cars Drive Into Construction Zones
Authored by Jill McLaughlin via The Epoch Times,
Waymo has recalled its entire fleet of vehicles after some of its driverless cars were caught speeding into freeway construction zones.
The voluntary recall on June 13 of the California-based tech company’s 3,871 vehicles is to fix its 5th-generation Automated Driving System (ADS) software so that it will recognize and avoid construction zones.
“Waymo’s mission is to be the world’s most trusted driver, and the data shows that we’re making roads safer in the communities in...
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