It would be ironic that while we wait for the unemployment rate explosion as a result of chatbot agents taking millions of white collar data-heavy jobs, the unemployment rate would actually drop thanks to all those who were long AI stocks. 

The state says it's looking out for the value of its pension fund's 160,000 shares of NY Times stock. The newspaper sees the demand as an intimidation tactic.

"We are aware of reported sightings..." 

 

Critics alleged a pay-to-play scheme, pointing to large donations (roughly $145 million) to the Clinton Foundation...

Roughly $272,500 of the $425,000 she took from World Learning was taxpayer money. She was sentenced to probation.

Semis lagging. Korea washed out. Puts dirt cheap. And everyone is chasing the upside.

In California, Maryland, New York, Oklahoma, and Virginia, homeschool students are barred from public school sports...

... unanswered questions about what happened to $51 million in reported assets. 

 

Oil prices extended on gains albeit in a choppy fashion amid reports of ships targeted in Bab al-Mandab and Gulf of Oman.

Stockpiles at Shandong are estimated to have dropped to the lowest level in eight months at about 360 million barrels at the end of July...

...why the current AI credit cycle looks less like a free lunch and more like a classic "heads I win, tails you lose" setup

Late senator has already had an Air Force base renamed in his honor...

The company told the world it had 'just' discovered the problem, except that's bullshit. 

When the Left cannot win within the rules, it changes the rules - and when that fails, it changes the people who make them...

Gold ripped. CTAs flipped. FOMO is back.

Pakistani Defence Minister reportedly signals the US and Iran are close to some agreement; US forces fire on a Panama-flagged ship that attempted to run the American blockade of Iranian ports; Saudi ship targeted by Houthis; Iranian advisor said Hormuz will not reopen until Iran's conditions are met; RBA holds rates as expected, will raise rates again if needed

...even as markets are pricing in benign conditions, which makes a change from several early-August periods in recent years, the risk is there's little margin for error.