A federal kill switch for frontier models would land squarely on every company racing to ship them, and this time the proposal is coming from inside the industry.
BREAKING: Anthropic pitches draft AI safety bill that would let the government block models risking over $1B in damage, per POLITICO
A 31% jump in holiday airfare is the clearest read yet on how jet fuel costs are flowing straight into household budgets, and it sets up a demand test for airlines heading into the busiest booking weeks of the year.
The cost of flying home for Thanksgiving has never been more expensive. Average round-trip airfare: $402, up 31% from last year. War is inflationary. And consumers are paying the price. https://t.co/suhVMvnLf8
A $1 billion damage floor would make federal intervention in frontier models nearly impossible, and the AI buildout trade is priced on exactly that kind of regulatory runway. Politico reports the pitch is already circulating on the Hill.
JUST IN: Anthropic is privately pitching Congress a bill to limit when the US government can block an SI model, only if it risks over $1 billion in damage or causes more than 50 deaths or serious injuries https://t.co/7FytD8nnBO
A $2 trillion annual gap means relentless Treasury issuance, and bond buyers set the clearing price for every risk asset you own.
Over the last 10 years, US Federal Government Tax Revenue has increased 65% to $5.4 Trillion while Government Spending has increased 92% to $7.4 Trillion. The result: a more than doubling of the US National Debt from $19.8 trillion to $40.4 trillion. https://t.co/pLU1z4sQEg
A 127% jump in heating oil over twelve months lands on consumers this winter and on CPI long before the Fed can respond, which is why energy producers keep outrunning the rest of the market.
RT @charliebilello: Commodity prices over last year... Heating Oil: +127% Brent Crude +80% Gasoline: +79% WTI Crude: +77% Copper: +32% Suga…
A $4.5 billion refining tailwind flagged ahead of Q3 results resets the bar for Exxon and the whole energy complex.
JUST IN: ExxonMobil says higher refining margins could add $4.5 billion to its third-quarter earnings https://t.co/UTZMZXEc7V
Russian barrels stay in play for up to 60 more days, keeping a lid on crude and the energy names levered to sanctions risk until the review lands.
JUST IN: Secretary of State Marco Rubio says Trump will take up to 60 days to review the economic impact of his Russia sanctions waiver https://t.co/GdMvcDvEFg
Saxena is calling the CoreWeave balance-sheet scare a sorting mechanism, and says debt-free AI names are the ones set to rally into year-end.
The entire AI complex selling off due to CoreWeave’s capital structure makes no sense. On watch for a market low, AI stocks with strong fundamentals and balance-sheets should rally hard into year-end. Strength in many sectors suggests this is not a bear market.
A $76 billion spending plan only works if sanctions relief holds, and the majors circling Venezuela's fields are the first to feel it. Fresh barrels from Caracas are a new bearish variable for crude pricing.
JUST IN: Venezuela announces plans for nearly $76,000,000,000.00 in oil investments over the next 5 years.
There is no getting out of this lightly or easily. First off, when can you become employed again? If you need a car, then simply turning this in and getting a cheaper is not an option with the negative equity.
A $975 monthly EV lease with no home charging turned into a trap: dealer bids on the truck range from the $20,000s to $40,000 against Ford Credit's $61,872 buyout. The thread's verdict is that early lease exits almost always cost more than riding out the term.
Presumably the $200K in student loans were either for you and/or your sibling that is already in a career. Perhaps you/they could help by pitching in with the payments. (Even if it's a Parent Plus loan.)
A $200k earner hit 62 with $680,000 of debt and a six-figure 401(k) withdrawal funding a brand-new rural business, and the thread's verdict is that severance only buys time. The lesson for anyone near retirement: late-career job loss turns every leveraged decision into a forced one.