Oil Markets Are Pricing A Supply Surge That Isn't Guaranteed

The US is seeking funding to construct a maintenance facility for the Philippine Coast Guard in the Philippine island province of Palawan, which has a coast on the South China Sea, according to a report from USNI News. The report said that the Pentagon has recently released notices for upcoming US military construction projects at […]

Wall Street Keeps Testing AI Traders, But Most Are Still Underperforming Recent trading competitions suggest large language models are still unreliable portfolio managers, according to Bloomberg. Tests involving models from OpenAI, Anthropic, Google, and xAI have often delivered underwhelming results: many lost money, traded excessively, and made erratic decisions despite receiving identical prompts. In several cases, models appeared unable to stick to coherent strategies for more than a few trading sessions. Bloomberg writes that one of the clearest examples came from Alpha Arena, a competition created by startup Nof1. Eight models were...

"A Big Win Today": Trump Cheers As Trade Court Upholds Shutdown Of $800 De Minimis Duty Exemption Authored by Matthew Vadum via The Epoch Times, The U.S. Court of International Trade on Aug. 13 upheld the Trump administration’s authority to end the de minimis exemption that allowed Americans to avoid paying duty on packages worth $800 or less. The court held in a new order that President Donald Trump had legal authority to close the exemption, which he previously said was a legal loophole that benefited foreign vendors and criminals. A company...