A Delusional Trump Has Another Exciting Week

'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat Korean markets were under pressure overnight after politicians floated the idea of tapping AI profits.  Bloomberg reports that a top South Korean policymaker said the nation should pay citizens a 'dividend' using taxes on AI profits, with the obvious read through to Samsung and SK Hynix.  The comments in a Facebook post by presidential policy chief Kim Yong-beom fueled sharp swings in Korean stocks on Tuesday as investors struggled to parse the scope of the proposals. “Excess profits in the AI era...

Abdul Malik al-Houthi, the leader of Yemen’s Ansar Allah, commonly known as the Houthis, said on Thursday that there were indications Saudi Arabia was planning a major escalation in Yemen, as the war between the two sides has been reignited following the July 13 Saudi strikes on the Sanaa International Airport. “We will work to […]

Norway $2.3 Trillion Wealth Fund Posts Record-High Profit in H1 By Michael Kern of OilPrice.com The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, posted a record-high profit of $185 billion for the first half of 2026, as Asian technology stocks boosted its returns and profit on the portfolio. Norway’s Government Pension Fund Global (GPFG), which is commonly referred to as 'Norway's oil fund' because it was created with oil and gas revenues, is a shareholder in many large companies in the world, with more than half of the...