Federal Government Backs Supreme Court Challenge To AR-15 Bans

Regulators Circle StanChart After CEO's AI Layoff Comments Spark Uproar It has been a tumultuous week for Standard Chartered CEO Bill Winters. Winters appeared out of touch with the growing anxiety surrounding mounting white-collar AI-related job losses. He described the bank's AI adoption push as "not cost-cutting," but rather as "replacing lower-value human capital with financial and investment capital." Such language ignited a firestorm for the CEO and the bank, and by the end of the week, regulatory scrutiny had descended on the firm. Reuters reports that authorities in Hong Kong and...

Despite Crazy Revisions, Consumer Confidence Rebounds From January's Doom After Boomers and Gen X dragged The Conference Board Confidence measure down to eight month lows to end 2025, expectations were for a rebound to start 2026. Instead, January was a bloodbath with all the cohorts tumbling. Today sees February's data released with expectations for a rebound, particularly in expectations... and the consensus was right. The headline Consumer Confidence print rose from 84.5 (revised dramatically up to 89.0) to 91.2 (better than the 87.1 expected) Under the hood it was kind of crazy with the...

Tehran Claims US Faces Escalating Economic Fallout From 'War Of Choice' As Hardship Mounts Inside Iran Iranian Foreign Minister Abbas Araghchi warned Saturday that the United States would face mounting economic fallout from its "war of choice" against Iran, as both sides appear settled into a long game of waiting to inflict the most severe economic and political damage on the other. In a post on X, Araghchi said Americans would bear the escalating financial costs of the conflict with Tehran. "Put aside gas price hike and stock market bubble. Real...