Pentagon Strikes Iranian Island Target, In First US Military Action In Weeks

When Regulation Changes Who Becomes Rich Authored by Shahid Islam via RealClearMarkets, Economic debates about inequality usually begin with a familiar question: Who has how much income? It is an important question. But perhaps it is not the only one we should be asking. A society can change who becomes rich without substantially changing how unequal the society is. Regulation can weaken one economic elite while creating opportunities for another. Entrepreneurs and investors may lose relative influence while lawyers, compliance specialists, lobbyists, consultants and regulatory experts gain it. The Gini coefficient may barely notice. Income...

The AI Trade: Now With Less Circle And More Jerk Submitted by QTR's Fringe Finance As if markets didn’t already have enough to worry about heading into the weekend — an escalating conflict involving Iran, growing stress in private credit, and the ongoing annoyance of positive real interest rates — one of the “AI will solve everything, just add capex” deals that everyone in markets have been quietly laughing about while investing in for the past year has officially started to unravel. According to Bloomberg, Oracle Corporation and OpenAI have scrapped plans to expand...

Adani Targets 10 GW Nuclear Power Capacity In India By 2035 By Tsvetana Paraskova of OilPrice.com Adani Group, the conglomerate of Indian billionaire Gautam Adani, could become India’s biggest private nuclear power capacity developer within a decade, targeting 10 gigawatts (GW) by 2035, as India opened its civil nuclear power sector to private investment.  “Our entry into nuclear energy through Adani Atomic Energy is another confident step towards securing India's long-term energy future,” Gautam Adani said at the annual general meeting of Adani Group on Wednesday.  “With land identified and a 10 GW...