Core Durable Goods Orders Rise For 18th Straight Month, AI Spend Proxy Dips

First $1 Billion, Now $50 Million: Khanna Says Wealth Tax "Must Not Stop At Billionaires" Rep. Ro Khanna (D-CA) - fresh off endorsing California's November ballot measure to seize 5% of billionaire wealth - published a Substack essay Wednesday titled, no really, "Why I Support a Billionaire Wealth Tax." He makes it roughly a dozen paragraphs before explaining that it isn't one. "The tax should not stop at billionaires, it must reach centimillionaires," Khanna writes, before spelling out exactly what that means: every fortune of $50 million and up, hit with a...

Still 'A Very High Mountain Ahead' To Achieve Ukraine Peace: Vance It has been a long, long time since this much optimism has persisted when it comes to the chances of achieving a Russia-Ukraine peace deal. There are reports that trilateral talks involving Russia, Ukraine, and the US will finally soon happen in the wake of Steve Witkoff's meeting with President Putin this week. A high level meeting is reportedly being scheduled for as early as next month; however, some top White House officials are also injecting some key caveats and realism. AFP...

Iran's New Supreme Leader To Be Chosen Within 24 Hours: State Media Iran could be hours away from installing a new supreme leader, with state Fars News reporting early Saturday that a successor may be selected within the next 24 hours, but there are signs of a potential factional power struggle - somewhat expected given the complex history of reform vs. hardline Islamic interpretations inside Iran. The outlet cited sources within the Assembly of Experts, which is the 88-member body of Islamic jurists elected every eight years and tasked with choosing...