How Neoliberals Fueled The Rise Of Socialism

Iran Vows To 'Paralyze' Regional Airports Which Prevent Its Flights From Landing Facing crippling US sanctions against its aviation sector as part of the Trump/Bessent Economic D-Day initiative, Iran is warning that if regional countries join the sanctions action, their own airports could be targeted. Iran's Supreme National Security Council has on Wednesday put neighboring states who are allies of Washington on notice. The statement warned their airports will be "paralyzed" if they cooperate with US attempts to prevent the landing of Iranian airliners.  Source: Government of KuwaitTreasury Secretary Scott Bessent declared on Monday...

"DeepSeek Of The West" Reflection Inks Major Compute Deal With SpaceXAI SpaceX shares tumbled for a third straight session, down around 9% late in the U.S. cash morning, after the Elon Musk-led company said it would sell investment-grade bonds for the first time. However, a new headline crossed around 11:05 a.m. ET via Axios, reporting that Reflection, the Nvidia-backed open-source AI startup, had signed a major compute deal with SpaceXAI. Under the deal, Reflection will pay SpaceXAI $150 million per month starting next Wednesday, July 1, through 2029, following an initial ramp...

US Existing Home Sales Disappoint (Again) In July, Hover Near Record Lows With mortgage rates rising and the 'low hire, no fire' economy leaving many anxious about their household finances, the ugly spring selling season has not been followed by a consistent rebound in existing home sales in the US. After falling 1.4% MoM in June (revised up from a 2.4% MoM decline), US existing home sales fell again -1.7% MoM in July (worse than the -1.0% MoM exp). This dragged the annual increase in sales down to just 0.74% YoY... Overall,...