Futures Rise, Oil And Yields Dip Ahead Of First Fed Hike In Three Years

Without Subsidies, Is AI Unaffordable? Authored by Charles Hugh Smith via OfTwoMinds blog, Let's pull all this into an undeniable conclusion: AI is based on massively subsidizing users' costs. What's already abundantly clear but verboten to say as it would pop the bubble of AI valuations and triumphalism is that AI is unaffordable once the direct and indirect subsidies are withdrawn. Nothing that consumes this much electricity and requires such an immense scale of costly processing and memory capacity can be low-cost, never mind free. The major AI platforms and vendors are subsidizing corporate...

Iranian and Omani officials met to discuss shipping through the Strait of Hormuz. After the US and Israel attacked Iran, Tehran shut down the vital waterway to most tankers.  A statement from the Omani Foreign Minister following the talks said both sides put forward proposals, but did not indicate that an agreement was reached to […]

Trump Announces Federal Support To Keep Local Energy Provider Online In Ohio President Donald Trump said at an Oct. 12 rally in Youngstown, Ohio, that the departments of Energy and Commerce will help keep SOBE Thermal Energy Systems, a troubled downtown steam utility, running as cold weather approaches. "You're going to stay nice and warm during the winter," Trump said at the Covelli Centre rally for local Republicans ahead of the midterms. President Donald Trump takes the stage during a rally at the Covelli Centre in Youngstown, Ohio, on Oct. 12,...