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US Recession Risk Rises As Leading Economic Index Falls Again In May: 37 Declines In 39 Months Mark Worst Streak Since 1960
The Conference Board Leading Economic Index fell 0.1% month-over-month in May, marking its sixth consecutive monthly decline. read more
Elon Musk Agrees Google Had All The Tools But Still Lost The AI Race To OpenAI, Echoes Social Media Post: ‘Having The Pieces Isn’t The Same As Playing The Game’
Elon Musk agreed with a social media post stating that Google had all the tools but still lost the AI race to OpenAI, as a federal judge ruled in favor of Anthropic’s fair use of books for AI training — a major moment in the evolving AI landscape. read more
Anthony Pompliano Says Companies Following Michael Saylor’s Playbook May Have Raised ‘Large Sums’ But They Aren’t Able To Buy Bitcoin Yet, Explains Why ProCap Is Different
Entrepreneur and investor Anthony Pompliano stated Tuesday that his newly launched Bitcoin (CRYPTO: BTC) treasury company designed a unique structure that allows it to buy the leading cryptocurrency immediately after raising funds. read more
Tesla’s Europe Sales Slide For 5th Straight Month: Elon Musk-led EV Giant’s Market Share Shrinks To 1.3%
Tesla sales in Europe declined for the fifth consecutive month, while BEVs gained ground. Sales in Norway grew, but China saw a 11% decline. read more
Trump’s Move To Gut Financial Protection Agency Could Cost Consumers $15 Billion A Year, Say Advocacy Groups
Trump’s efforts to dismantle CFPB has cost consumers $18 billion in higher fees and canceled restitution. Advocacy groups urge Congress to act. read more
Bernie Sanders Slams Jeff Bezos’ Lavish Wedding Plans, Demands ‘End’ To Oligarchy: Amazon Founder Pays 1.1% Tax, Takes $500 Million Yacht To Venice While Kids Go Hungry
Sen. Bernie Sanders slammed Jeff Bezos’ lavish Venice wedding and 1.1% tax rate as “obscene,” citing America’s growing wealth gap and calling for an end to oligarchy. read more
Trump’s ‘Made in America’ Phone Plan Is Backed By A Little-Known Network Based In His Miami Condo, Whose Website Still Says ‘What Is Lorem Ipsum?’
Trump’s new “Made in America” smartphone plan is powered by a little-known wireless provider based in his Miami condo, raising questions about scalability as its website still displays placeholder text. read more
Uber Nears All-Time High As Waymo Partnership Expands To Atlanta — Gary Black Calls It ‘Low-Risk’ While Tesla Lags In ‘Supervised Autonomy’
Gary Black, sees minimal risk in UBER as they expand partnership with Alphabet’s Waymo, also exploring driverless expansion to Miami and D.C. read more
Bitcoin’s 400x Rise Aside, Cathie Wood Says The ‘Next Exciting Leg’ Is Just Beginning
Renowned investor Cathie Wood said Tuesday that growing institutional interest in Bitcoin (CRYPTO: BTC) would herald the “next exciting leg” of the asset’s growth journey. read more