Ken Griffin Says AI Is "Almost Certainly" A Bubble As Corporate America Opens Its Anthropic And OpenAI Bills

"Repeated And Persistent Supply-Side Shocks" Are Here To Stay By Michael Every of Rabobank Chicago Fed President Goolsbee just warned the FOMC can’t ignore repeated and persistent supply-side shocks and must respond in a way that will cause economic hardship. However, repeated and persistent supply-side shocks are now the norm, not short-lived, aberrant events. Putin won the Russian election with a supermajority: fears are escalation is imminent via sabotage in Europe, mobilization, or provocations to NATO. The FT notes a Kremlin-backed forgery scheme moved $6.9bn through global banks, as diplomats blamed France...

India More Than Doubles Gold, Silver Tariffs To Defend Crashing Rupee One day after vehemently denying speculation that India plans to raise duties on gold and silver imports following ​Prime Minister Narendra Modi's urging people to ​avoid buying ​gold for a year ‌due ⁠to the impact of the Iran war, India did in fact raise import tariffs on gold and silver in an attempt to defend its currency, a surprise move as the country races to limit the damage from the Middle East war and to shore up foreign-exchange reserves. The government has...

Russia Charges Telegram Founder Pavel Durov With Aiding Terrorism, Issues Arrest Warrant Authored by Guy Birchall via The Epoch Times, Russia's Federal Security Service (FSB) said on July 29 that it had charged Telegram founder Pavel Durov with facilitating terrorist activities and issued an international warrant for his arrest. Pavel Durov in Jakarta, Indonesia, on Aug. 1, 2017. Tatan Syuflana/AP Photo The FSB Public Relations Center said in a statement that "Telegram's head of administration, P. Durov, has been charged as part of an ongoing criminal investigation on suspicion of an offense under...