The COVID Reckoning That Never Came

A Robot Economy: Who Gets Rich, Who Gets Left Behind Authored by Lance Roberts via RealInvestmentAdvice.com, Robots are coming to the economy. It is inevitable, really, and there is nothing that will stop it. At some point in the not-so-distant future, robots will infiltrate every aspect of our lives, from office work and manufacturing to service work and trade skills, and even your home. Here are some numbers for you. The real question I want to explore in today’s post is what happens to the people who don’t own the robots? Let’s...

Broadcom Crashes After AI Chip Revenue Forecast Misses Broadcaom stock is plunging in after-hours trading, after the company reported Q2 results which delivered a disappointing forecast for AI chip revenue, signaling that the company is either progressing more slowly than anticipated in the burgeoning industry, or that unlike its peers, is actually truthful in predicting the potential of the AI bubble. The historicals were ok: in the fiscal second quarter, which ended May 3, sales rose 48% to $22.2 billion, just barely beating the $22.1 estimate. AI semiconductor revenue was $10.8 billion, also...

Swalwell Admits "Mistakes", Plans To Resign From Congress Summary (in reverse chronological order) Eric Swalwell’s California governor campaign collapsed after sexual assault allegations. Former staffer alleged harassment plus two assaults while she was intoxicated. Four women total have accused Swalwell of sexual misconduct. Swalwell denies all claims as false and politically motivated. Major Democratic allies withdrew support and called for him to exit the race. Swalwell suspends Gubernatorial campaign Swallwell announces he will resign from Congress Given all that, it appears Trump-hating billionaire, Tom Steyer is now the runaway favorite to become the next California Governor: Source: Polymarket *  * ...