SoftBank Credit Risk Rises As Firm Mulls $20 Billion Bond Sale For OpenAI Stake

Ford v. Hyundai: Henry Ford Must Be Turning In His Grave After New Report South Korea's Hyundai Motor Group is on track to surpass 123-year-old Ford Motor in third-quarter US deliveries (a first ever) as consumers shift toward smaller, more fuel-efficient vehicles. The shift comes as Ford is plagued by the fallout from its costly EV strategy and production constraints affecting its light- or medium-duty truck unit.  Henry Ford must be turning in his grave. Cox Automotive's third-quarter sales forecast, released earlier this morning, expects Hyundai's US deliveries to rise 4.4% quarter over...

Central Banking: The Scourge Of Civilization Authored by George Ford Smith via Mises Institute, Apple builds and sells iPhones. I happen to own one of the older models, for the same reason I own a last-legs older model car. What if Apple could skip the build part and sell only the phone? The money saved would be an enormous boost to its bottom line. And if Apple passed the savings onto customers I could conceivably afford to upgrade. Where would the phones come from? From a bookkeeping entry, of course. Unfortunately, Apple's customers...

Israeli Prime Minister Benjamin Netanyahu has said that the US-Israeli war against Iran is “not over,” pointing to the fact that Iran still has its stockpile of enriched uranium and maintains its ballistic missile program. “I think it accomplished a great deal, but it’s not over,” Netanyahu said when asked if the conflict was over […]