The Lockdown Disaster Must Not Be Forgiven

SK Hynix ADRs Priced At 3% Premium As Wall Street Readies Wave Of Leveraged ETFs The next test of the AI trade arrives today, as South Korean memory-chip maker SK Hynix's American depositary receipts begin trading under the temporary ticker SKHYV. Shares were priced at about a 3% premium to Thursday's close of its ordinary shares in South Korea. The $26.5 billion offering attracted demand for roughly seven times the shares available, forcing the chipmaker to scale back allocations to major investors, according to Bloomberg. The company sold 177.9 million ADRs...

Trump Blasts 'Fake' Reports Of Iran Talks Freeze As Rubio Insists To Congress Tehran Ready To Negotiate Nuclear Curbs Summary: Trump insists reports that Iran & US have not been talking for days is 'fake news'; Rubio also tells Congress talks are ongoing, despite fresh Iranian denials, and even claims the nuclear file is part of it. Washington has seen the Lebanon partial truce as opportunity enough to press forward on broader talks, with Trump saying he expects a broader Iran deal "over the next week". But Fars denies this Tuesday: "exchange of messages...

Will AI Trigger The Next Great Depression? Authored by Michael Lebowitz via RealInvestmentAdvice.com, Our article title is certainly scary. The question we pose has become a hot topic following the release of “The 2028 Global Intelligence Crisis,” by Citrini Research. While evaluating the impact of AI on the labor market is complex, we can distill both optimistic and pessimistic views into two straightforward questions. Will AI bring about an era of unmatched prosperity and productivity, freeing workers from monotonous tasks, revitalizing old industries, and creating new and unimaginable ones? Or will AI displace many...