In the past year, discussions have revealed that U.S. labor market data may have been manipulated to look better than reality, with reports suggesting significant overstatements in job numbers. Despite official claims of strong job gains, a recent report from California’s Legislative Analyst’s Office revealed a starkly different truth: the
America’s massive $28 trillion debt threatens its global power, echoing past empires like Rome, Spain, France, and Britain, which crumbled under similar financial strains. America is sailing into dangerous waters of debt, with the government racking up trillions in borrowed money while the public and politicians seem strangely unfazed. Both
Marathon Digital Holdings launched a project on May 31, 2024, to recycle heat from its 2-megawatt data center in Satakunta, Finland, heating a town of 11,000 residents. Leading Bitcoin miner Marathon Digital Holdings, Inc. (NASDAQ: MARA) today unveiled a creative pilot project to recycle heat produced by Bitcoin mining and
In May 2023, Wall Street, led by Blackstone, raised $7.5 billion for CoreWeave, a startup owning AI chips and data center equipment, marking the rise of GPU-backed loans amid the AI boom. Authored by Douglas French via The Mises Institute, In an innovative twist on collateral lending, AI chips have
The 2024 World Competitiveness Ranking by the International Institute for Management Development (IMD), released on Tuesday, highlights Singapore, Switzerland, and Denmark as the world’s most competitive economies, while the US dropped out of the top 10 for the first time. According to the International Institute for Management Development’s (IMD) 2024
Joe Biden-backed EV startup Fisker filed for bankruptcy late Monday, planning asset sale amid manufacturing halt. Henrik Fisker, former Aston Martin and BMW designer, founded the company, which has filed for bankruptcy twice. Fisker, an electric vehicle startup, filed for bankruptcy late on Monday, announcing plans to sell its assets
Japan’s Norinchukin Bank, often called the country’s CLO whale, plans to sell $63 billion in U.S. and European government bonds by March 2025 to cover massive losses. We made a non-consensus prediction last October, when the market was still suffering from the March 2023 bank failures, which had total assets
At the Libertarian National Convention, Trump pledges to shield Bitcoin holders from Senator Elizabeth Warren’s influence, emphasizing his support for self-custody and opposition to CBDC creation. Four percent of Americans possess Bitcoin. Although there are more Americans over 65 than under that number, how frequently do politicians discuss issues about
Apple’s Vision Pro flop is clear as Tim Cook’s decision to release the $3,899 headset earlier this year faces criticism amid low demand, leading Apple to halt its second-generation model. It was probably a bad decision to release the Vision Pro headset earlier this year at $3,899 (for a 1TB
