Archive for the 'Economy' Category
Digital Euro Moves Ahead
June 23rd, 2026Via: Reuters: The European Central Bank secured key parliamentary backing on Tuesday for the launch of a digital euro, an electronic means of payments aimed at making the euro zone less reliant on U.S. credit cards at a ?time of fraying transatlantic relationships. The digital euro, essentially an electronic wallet guaranteed by the central bank […]
We’re Already Living in an Alien Invasion Movie
June 20th, 2026Via: Truthstream Media:
Iran’s New “Insurance” Rule: Controlling the Strait of Hormuz
June 19th, 2026Via: What’s Going on With Shipping?: Flashback: Take it through, Pepe!
Here’s Why Iran Got Everything It Asked For
June 19th, 2026Via: Peak Prosperity:
Trump Admits U.S. Was Weeks Away From “Running Out Of Reserves” When Iran Deal Struck
June 17th, 2026“It’s all fun and games as long as the U.S. and China keep releasing oil from their reserves…” —Why Aren’t Oil Prices Higher? And what is this alleged deal? I haven’t posted about any deal between the U.S. and Iran, because no details have been released. Update/Just released: Full Text “Islamabad Memorandum of Understanding between […]
Leak: OpenAI $38.5 Billion Net Loss [???]
June 16th, 2026Via: Runtime Wire: Sam Altman (@sama)’s OpenAI lost $38.53 billion attributable to the company in 2025, according to audited financial documents viewed by Ed Zitron and independently verified by the Financial Times, a set of figures that an Ars Technica story pushed into broader circulation Tuesday. The documents themselves are not public. But the reported […]
SpaceX to Acquire Cursor for $60B
June 16th, 2026Via: TechCrunch: SpaceX has agreed to acquire AI coding startup Cursor in a $60 billion stock deal, just a few days after the space company’s historic IPO and less than two months after announcing a tie-up between the two. The deal is meant to help SpaceX’s AI division — built around Elon Musk’s AI company […]
Cryptocurrency Miners Go Back to GPUs… for AI
June 13th, 2026AI companies buy up nearly all the GPUs, RAM and SSDs: Check Crypto miners turn to renting rigs for AI, buying up what remains of “consumer” grade equipment: Check People who mostly hate AI, and try to avoid it, pay a lot more for a lot less when trying to purchase a computer: Check Six […]
SpaceX, Anthropic and OpenAI IPO Bag Holders – You Might Become One of Them
June 11th, 2026Hint: Retirement funds. Via: Andrei Jikh: Focus on SpaceX:
AI Price Wars Begin: OpenAI Considers “Drastic Price Cuts” In Pursuit Of Anthropic Customers
June 10th, 2026Via: ZeroHedge: In short, we now have a classical deflationary race to the bottom, precisely the opposite of what the profit-strapped industry desperately needs to grow into its gargantuan balance sheets (and massive SPVs); Instead, the AI world is about to get hit with a collapse in both revenues and profit margins, while cash burn […]
