AI quant fund trounces human traders
Oh me, oh my!
America was getting played
Not anymore.
Everyone is buying the wrong AI stocks
Says Big Short legend Steve Eisman.
Economy
US trade deficit grows
Labor force participation hits a record low
US jobless claims end lower
The spring home-selling season was not good
A fourth small nuclear reactor achieved initial criticality
The Lone Star
Texas’s new way to teach history? Chronologically
A beaver is on a rampage
Toyota plans $3B San Antonio expansion
Investments
JPMorgan AI agent beats 60/40 portfolio strategy
M&A volume down, but values are up
Private equity has a long-slog future
BlackRock loses a private credit leader
Technology
AI is fueling a start-up boom
Federal regulator doesn’t like robotaxis
People don’t control machines anymore
Apple strikes a $30B deal for US-made chips
AI giants are in a price war
Musk’s AI is back in the race against rivals
Politics & Policy
Maine’s senatorial candidate drops out
The Democrats can’t go on like this
Talarico is trouncing Paxton in fundraising in Texas
Trump accounts go live!
US refuses to renew Mexico-Canada deal
Global Happenings
Kazakhstan leader says Trump was “sent by heaven”
South Africa turns against immigrants
Europe has created an air travel mess
German exports are rising
VW auto biz is in trouble
Italy expels Russian diplomats suspected of spying
China is eliminating potential “AI companions”
War
Ukraine’s drones threaten Russia’s Siberian assets
Ukraine can manufacture Patriot missiles
Trump supports Ukraine’s Russian offense strategy
The Iran military conflict is back on
Iraq agrees to stop dollar flow to Iranian militias
Russia is suspected of developing space-based weapons
There have been hundreds of social media videos circulating of World Cup tourists marveling at American friendliness, culture, food, endless options (Buc-ees, anyone?), pride, stunning and varied natural beauty, massive stadiums, and generosity. Oh, and air conditioning! (One tourist was even invited to meet President Trump! Only in America, folks.) Many Europeans have commented that the US is nothing like what their media portrays. Some have even apologized for buying the lies and professed their newfound love for America—especially after our open displays of patriotism on our 250th birthday. A German tourist was so taken with the US that he teared up at the prospect of having to leave. Could this experience compel many Europeans to try to immigrate here? My guess is they won’t be trying to sneak over our borders.
If you think the amount of media coverage is inversely related to a team’s performance in the World Cup, then England should blow out Norway.
OpenAI could be on the rocks. Their chief futurist is leaving the company. And now their #2 executive is doing same. The AI battle for survival may have just begun.
Who is going to trust any person who enters a meeting, conversation, or party with smart glasses on? It seems extremely rude to wear them in front of others. Well, now someone is suggesting Meta glasses are for perverts.
Meta is setting up its own cloud business. It’s also desperately trying to sell us its smart glasses. And it’s looking to get into the prediction markets. Is Meta trying everything it can to remain relevant? Are Meta’s better days behind them?
No surprise that the truce in Iran lasted only a few days. Let me say it one more time: The only way to defeat a terrorist is to make them more afraid of you than you are of them. Terrorists trade in the currency of fear, not common sense, logic, or compassion.
The media is reporting that President Trump made 21,000 stock trades in 2025. Like any one person could manage that. Well, maybe Nancy Pelosi can.
Does the term “trad wife” seem derogatory?
There actually may be two Iranian “leaders.” One is a group involved in the conflict negotiation, the other a group of reactionaries whose reason for existence is “death to Israel” and “death to America.”
Will Jamie Dimon please run for president in 2028!?
The purpose of life is not to be happy at all. It is to be useful, to be honorable. It is to be compassionate. It is to matter, to have it make some difference that you lived.
- Leo Rosten
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