Archive for the 'Economy' Category
The One About Canada Becoming an “Associate Member” of the European Union
September 18th, 2026Mmm hmm. Via: Reuters: European Commission President Ursula von der Leyen said on Wednesday she wanted to open the door for Canada to become the European Union’s first “associate ?member”. Earlier this week, Canada’s Prime Minister Mark Carney — who was in Strasbourg to listen to von der Leyen’s annual State of the Union address […]
Planned Energy Collapse? Interest Rates and Inflation Are About to Rip Higher
September 18th, 2026Via: Peak Prosperity: More from Sentinel Economics:
GM Delivers Patriot Missile Parts To Lockheed
September 18th, 2026Via: ZeroHedge: A congressional report recently found that the US has “probably used” one-half to two-thirds of its missile-defense interceptors during its Iran conflict so far, intensifying new concerns about readiness for another major conflict. The US industrial response is already taking shape to ramp up missile and bomb production to replenish depleted stockpiles as […]
SAUDI ARABIA HALTS SHIPMENTS OF CRUDE OIL TO EUROPEAN REFINERIES
September 18th, 2026Via: Bloomberg: Saudi Aramco told at least two oil refining customers in Europe that they will be allocated no crude oil next month after the kingdom’s key pipeline to the Red Sea was attacked, people informed of the decision said. European customers normally receive Saudi Arabian crude on so-called term contracts, ensuring a steady flow […]
Some Gas Station Are Out of Diesel, “Current Shortages Remained Within Normal Levels”
September 17th, 2026Via: Newsweek: Photos appearing to show gas stations running out of diesel have spread across social media as U.S. fuel prices climb to record highs, but industry data does not currently show any widespread shortages. … However, Patrick De Haan, head of petroleum analysis at GasBuddy, cautioned against interpreting individual stations as evidence of national […]
United Airlines Confirms Holiday Flight Cancellations As More Cuts Loom Over Fuel Crisis
September 17th, 2026Via: TheTravel: In response to the elevated fuel prices, United Airlines confirmed at the Morgan Stanley conference that it is looking to reduce capacity during one of the busiest times of the year. The carrier hinted that its cuts may also affect flights into 2027, depending on fuel prices. Southwest Airlines and American Airlines have […]
Bill Gates Calls for an ‘International Organization’ to Regulate AI
September 16th, 2026Klaus Schwab: “The Covid-19 crisis would be seen… as a small disturbance in comparison to a major cyber attack.” Bill Gates Calls for an ‘International Organization’ to Regulate AI “It's not the role of the industry to self-regulate or understand the whole-of-society impact that comes out of AI … The depth of understanding of AI […]
Leopold Aschenbrenner Is Back to Losing Money in AI Stocks
September 16th, 2026Leopold Aschenbrenner is definitely an enterprising man! Via: Crypto News: Leopold Aschenbrenner of hedge fund Situational Awareness has returned after losing billions of dollars in July — and he’s already losing money again. CNBC broke the news Friday morning, six weeks after Aschenbrenner’s historic blow-up, that Situational Awareness was re-buying AI stocks and leveraged options […]
Costco Begins Rationing Kirkland Signature Motor Oil As Refined Crisis Spreads
September 14th, 2026Via: ZeroHedge: Costco’s Kirkland Signature motor oil has doubled in price, and customers now reportedly face a purchase limit as the Gulf energy conflict, combined with the Russia-Ukraine war, has sent the global refining market into a tailspin. Auto news website The Auto Wire reports that a 10-quart package of Kirkland full-synthetic oil now costs […]
SpaceX Building Gas Turbine Components to Power AI
September 14th, 2026Via: Startup Fortune: SpaceX is building its own foundry in Bastrop, Texas, to cast gas turbine blades and vanes, sidestepping a global supply chain where only three foundries can make the parts and order books run through 2029. The move, first reported by The Information and confirmed by Elon Musk, is meant to power SpaceX’s […]
