Author: admin

Jobless claims dipped last week to one of the lowest levels in decades, highlighting the historically low level of layoffs that has prevailed this year. Initial claims for unemployment benefits slipped by 1,000 to 197,000 in the week ended September 19, data from the Labor…

Starbucks plans to shutter 250 North American stores in what is the second round of closures under its new corporate leadership following decades of seemingly endless expansion. Starbucks Chairman and CEO Brian Niccol, who joined the company in 2024, also oversaw the closure of a…

Consumer sentiment fell in September as surging fuel prices fuel inflation fears and looming midterm elections have dimmed the economic outlook for both Republicans and Democrats. The University of Michigan final consumer sentiment index fell to 48.1 in September from a month earlier, the worst…

President Donald Trump hosted Chinese President Xi Jinping at a White House state dinner Thursday, joined by the Masters of the AI Universe. Anthropic’s Dario Amodei was notably missing from the guest list that features Jensen Huang, Sam Altman, and Elon Musk amongst others. CNBC…

Oracle Corp. has sent a force majeure notice to a unit of Blue Owl Capital over Project Jupiter, the New Mexico data center at the center of the Stargate AI build-out. This contractual clause is invoked when a company believes that unavoidable events will delay…

Orders for business equipment rose sharply in August and earlier gains were revised higher, signaling strengthening investment demand across the U.S. economy. New orders for nondefense capital goods excluding aircraft, a closely watched indicator of business spending plans, jumped 1.6 percent to $87.6 billion, the…

Bill Gates, the tech evangelist and leftist billionaire who has suddenly changed his tune to focus on the dangers of AI, told NBC’s Meet the Press that artificial intelligence could kill on a scale never before possible. NBC released excerpts Friday of Gates’s interview with…

A supposedly moderate Democrat says his “biggest desire” is to grant amnesty to millions of wage-cutting illegal migrants. “My biggest desire, my biggest goal of what I want to accomplish in politics right now, is I want to legalize seven or eight or nine or…

The Disney Grooming Syndicate, one the vilest and most perverted corporations on the planet, is about to face even more layoffs. A memo written last week by Horacio Gutierrez, Disney’s Chief Legal and Global Affairs (LGA) Officer, warns his staff that there will be a…

The Weekly Wrap: Greenland Belongs to Us! This week the U.S. finally acquired Greenland, more or less. Take that, nattering NATO nabobs of negativity! The bond market decided that it wasn’t getting enough attention in our age of AI doomerism, so it climbed to the…