Housing Starts & Permits Plunge In August As Homebuilder Confidence Nears COVID Lows

Meta Builds Photorealistic AI Version Of Mark Zuckerberg To Interact With Employees Meta is developing an artificial intelligence-powered replica of CEO Mark Zuckerberg capable of engaging directly with employees, as the $1.6 trillion company intensifies its efforts to reshape itself around AI. According to FT, the social media giant has been working on photorealistic, AI-driven 3D characters that users can interact with in real time - and has recently prioritized the development of a Zuckerberg AI character, which could provide conversation, feedback, and a stronger sense of connection to the founder for...

Governor Powell By Philip Marey, senior US strategist at Rabobank Summary As widely expected, the FOMC remained on hold. Governor Miran dissented again because he wanted a rate cut. However, there were also three dissenters (Hammack, Kashkari and Logan) who wanted to remove the bias toward cutting from the statement. On balance, Powell said that the center of the Committee was moving toward a more neutral place in thinking about cuts versus hikes. Powell announced that this was his last press conference as Chair, but he would stay on as a Governor until he thinks...

More Gunmakers Relocate To GOP States Authored by Kevin Stocklin via The Epoch Times, Firearms manufacturers Ruger and Rideout Arsenal are heading south, continuing a trend of firearms companies leaving Democrat-run states. On June 10, Virginia-based Rideout Arsenal, a firearms designer and manufacturer, announced that it would invest $22 million to build a new manufacturing facility in Thomasville, Georgia. The investment would create 120 new jobs over the next several years, the company said. "This relocation was not something we originally planned to pursue," Rideout founders Travis and Kelsey Rideout said in a...