China's Provinces Show Evidence Of Financial Pressure And The Economy's Imbalances

Sam Altman Pushes Plan For Backdoor Government Backstop By Handing Out Small Equity Stake To Americans Back in November, amid mounting speculation that OpenAI's massive cash burn was massively unsustainable in light of the $1.4 trillion of funding commitments by the AI company, which in turn has sparked the biggest capex flood in modern history all on the hope that the company's promised payments will be made good, OpenAI CFO Sarah Friar sparked a market selloff when amid an admission that OpenAI was “looking for an ecosystem of banks [and]...

Ugly JOLTs Report Hints At Another Negative Payrolls Print On Friday After five straight months of JOLTS beats, including two blowout prints for April and May and zero misses since 2025, last month's JOLTS report was a surprising miss (despite the previously discussed surge in government job openings). Fast forward to today when the latest JOLTS report made it two misses for two, with the BLS announcing moments ago that in July, the US had 7.271 million job openings, up from a downward revised 7.182 million... ... and missing the...

Michigan Waves The White Flag On Child 'Conversion Therapy' Ban Democrat-run Michigan just backed down after threatening therapists who use talk therapy to help children with 'gender dysphoria' accept their biology.  Alex Brandon / AP On Thursday, the state agreed to a permanent federal court order barring it from ever enforcing House Bill 4616 - the 2023 law, signed by Gov. Gretchen Whitmer, that threatened licensed counselors with discipline for engaging in ordinary talk therapy with minors experiencing gender dysphoria. U.S. District Judge Jane Beckering signed off on the stipulated judgment, and the Becket...