Russia's Oil Windfall Vanishes As Urals Crashes To $42 A Barrel

"Replacing Lower Value Human Capital": Banks Cut Staff As Recent Grads Face Off Against AI For Jobs As AI reshapes banking, students entering the industry are confronting a double challenge: navigating AI-driven hiring processes today while wondering how many traditional finance jobs will remain tomorrow, according to Bloomberg. Warwick University student Andre Bonnick, for example, spends hours preparing for automated screening interviews rather than conversations with human recruiters. While he hopes to secure a role in finance, he is also weighing options such as further study as entry-level opportunities become more...

India To Climate Cartel: Count Us Out Authored by Vijay Jayaraj via American Greatness, Sometimes a story gets buried not because editors conspire against it, but because the news cycle has room for only one crisis at a time. This year the big news has been the Iran war. But even accounting for competing headlines, the silence around a genuinely consequential development is telling. And that is the story of India’s explicit rejection of the global net zero movement. India has walked away from its bid to host the COP33 UN climate conference, and...

Wall Street's Trillion-Dollar Bet On "Tax Alpha" Tax alpha — the practice of improving investment returns by reducing taxes — has become one of the fastest-growing strategies on Wall Street, according to Bloomberg.  Rather than focusing only on beating the market, many investment firms now design portfolios to minimize taxes, often producing higher after-tax returns even if pre-tax performance is similar to traditional strategies. After years of rising markets, many wealthy Americans hold large unrealized gains in stocks and funds. To address the resulting tax burden, asset managers have developed a wide...