US Savings Rate Tumbles Despite Lowest Jobless Claims Data In 57 Years

"Could Be First Shoe To Drop": AI Power Stocks Tumble As SoftBank's Write-Down Deepens Bubble Fears GE Vernova and Bloom Energy shares plunged Tuesday after SoftBank Group disclosed a $3.7 billion charge tied to power equipment procurement. We asked whether this write-down, cancellation, or "revised procurement strategy" in the AI spending boom could signal trouble ahead in a note titled "Masa's $3.7 Billion Bonfire: SoftBank Posts $7 Billion Loss After Torching Deposits On AI Power Gear As Interest Costs Double."SoftBank's disclosure followed Elon Musk's claim last week on X that...

Ottawa's Counter-Tariffs On US Costing Canadians $100 Million Weekly, Economist Says Authored by Jason G. Antonio via The Epoch Times, Canada's retaliatory tariffs on U.S. imports are costing consumers an estimated $100 million a week and raising prices by about 0.25 percent, an economist told MPs. Trucks stop near the Peace Bridge US-Canada border crossing, on March 20, 2026, in Buffalo, N.Y. AP Photo/Yuki IwamuraUniversity of Calgary economics professor Trevor Tombe testified before the House of Commons foreign affairs committee on Oct. 21 about the counter-tariffs that Ottawa imposed on $28 billion...

BofA Sees "Runaway Price Risk" In Spot Sulfur As Global Supply Chain Freezes Sulfur is a critical industrial input produced as a byproduct of oil refining and natural gas processing. With roughly half of the world's seaborne sulfur trade trapped behind the Hormuz maritime chokepoint, another 15% stuck in Kazakhstan due to export-logistics blockades, and demand destruction still insufficient across global markets, Bank of America analysts warn that spot sulfur prices have further upside potential. Matthew DeYoe, research analyst at BofA Securities, covering all things ag, materials, and chemicals, wrote in...