It’s Not An AI Bubble. It’s A Black Hole.
How $400 billion in AI spending became a gravitational force that's distorting the entire economy.
How $400 billion in AI spending became a gravitational force that's distorting the entire economy.
XRG’s board scrapped plans for a partnership with Apollo to invest in AI and energy projects after pushback from Blackstone’s Jon Gray, people familiar with the matter said.
By Skyler Voss Yesterday, the president blamed immigrants during a speech about inflation, asking, “Why is it we only take people from shithole countries, right? Why can’t we have some people from Norway, Sweden, just a few?” Today, he also admitted that eight years ago he did, in fact, use the word “shithole”—though he tried […]
“Can you put me in touch with Elon,” wrote one-time Trump business partner Sultan Ahmed bin Sulayem in 2015, after Epstein had served time for soliciting a minor.
In Washington, economic power no longer follows party lines.
Deputy chief of staff James Blair told Semafor that "the fundamentals of the economy are good" as he predicted positive effects from tax season.
The Fed signaled a high bar for additional cuts next year.