Futures Mixed Ahead Of CPI And Warsh Testimony, As IBM Sinks, Bank Earnings Fizzle

"The Value Didn't Arrive": Bain Finds Cost-Savings From AI Are Falling Far Short Of Projections Now that attention within the AI revolution has one again firmly turned toward the cost-benefit equation (i..e., ROI) of tokens (see "From Singularity To Tokenomics: The AI Narrative Just Hit A Serious Snag") in particular, and the trillions behind the AI spending rollout in general, and we say once again because every few months we get some iteration of the following report from Goldman published almost two years ago today... ... we have more bad news: according...

Former World Chess Champion Kasparov Says US Warned Him About Kremlin Kill Plot Authored by Chris Summers via The Epoch Times, Former world chess champion Garry Kasparov has said the security services from both the United States and Lithuania have warned him that his life was in danger, after a Russian plot was discovered which allegedly targeted Kremlin critics living abroad. Last month the U.S. Department of Justice (DOJ) said five people had been charged with plotting, on behalf of Russian intelligence, to assassinate two opposition figures. One of the targets was in...

Ed Dowd: The Fed Hiked Interest Rates Into A Supply Shock Authored by Ed Dowd: Beyond the Narrative via Substack, September FOMC Meeting: First Rate Hike Since July 2023 The FOMC did what the front end of the Treasury market (3-month T-bill) had been telegraphing for two weeks prior. On September 16 they voted unanimously to raise the fed funds rate 25 basis points to 3.75-4.00 percent. Kevin Warsh's press conference was short, blunt, and deliberately light on forward guidance. He said economic activity is expanding at a solid pace, job gains...