North Korea Says US Continuing Hostile Policy by Holding Trilateral Drills With South Korea and Japan, Calling for ‘Denuclearization’

Did META Just Hint At Cracks In the AI CapEx Boom? If you're wondering why the Nasdaq is suddenly tumbling this morning, wonder no more... Nasdaq moves lower after Meta announces it is to build a cloud business to sell its excess AI compute, weighing on cloud peers like AMZN, ORCL, MSFT and chip and memory names like NVDA, MU, INTO. As Bloomberg reports: Meta, which has been rushing to secure expensive data centers and other infrastructure to fuel its own artificial intelligence ambitions, is forming a business to generate revenue from...

Iranian Missiles Pound Israel Overnight After US Claims Progress On Talks; Tehran Appoints Larijani Successor, Cuts Gas Flows To Turkey Summary Backchannel diplomacy vs skepticism: Abbas Araghchi reportedly signaled openness to negotiations with the US via envoy Steve Witkoff, but Israeli officials say chances of a deal remain very low. Heavy exchange of fire and testing red lines: Iran continues missile and drone waves targeting Israel and US bases, amid reports of overnight airstrikes on military and gas infrastructure near Isfahan. Iran reshuffles its security leadership, appointing Mohammad Bagher Zolghadr: he's a former...

While Adam Smith is celebrated in some circles as the “Father of Free-Market Economics” (Austrians would disagree), his writings on the “disadvantages” of the worker are misleading.