Why Jensen Huang Joined Trump’s China Visit At The Last Minute
Jensen Huang joined U.S. President Donald Trump’s trip to China after initially appearing absent from the high-profile business delegation traveling to Beijing.
Business
Gold’s Grim Message
Central banks’ purchases and repatriation of gold are on the rise, and both should be viewed as a symptom of deglobalization. They signal the advent of a more geopolitically fragmented world in which cross-border transactions of all kinds are poised to become more difficult and costly.
Today’s AIs Show The Marginal Revolution’s Unfinished Business
By Joakim Book, Mises Wire | May 11, 2026 For a brief moment starting in the 1870s, economics was close to becoming a genuine science of human action. Carl Menger in Vienna, William Stanley Jevons in England, and Léon Walras in Lausanne independently (re)discovered what the Spanish Scholastics had only
What U.S. Companies Hope To Gain From Trump-Xi Talks
A group of major American business leaders accompanying U.S. President Donald Trump to China this week is expected to push for market access, trade stability, and reduced tensions with Beijing amid ongoing geopolitical disputes. According to analysts, executives from companies including Apple, Tesla, Boeing, Qualcomm, and Micron Technology are
Parents Blame ChatGPT For Teen’s Fatal Overdose
A Texas family has filed a lawsuit against OpenAI, alleging that advice provided by ChatGPT contributed to the overdose death of their 19-year-old son, Sam Nelson, in 2025. According to the lawsuit, Sam allegedly used ChatGPT to seek guidance about drug use. His parents claim the AI chatbot told him
Why SoftBank Is Investing Heavily in AI Chipmaker Graphcore
SoftBank Group has injected more than $450 million into British AI chipmaker Graphcore as part of its expanding push into artificial intelligence infrastructure and hardware, according to reports. A Companies House filing showed Graphcore issued a single share valued at roughly $457 million in April. A company spokesperson confirmed the
Why eBay Rejected Ryan Cohen’s Takeover Offer
eBay has rejected a $55.5 billion takeover bid from Ryan Cohen, saying the proposal lacked credibility and was not attractive to shareholders. Breaking: EBay has rejected GameStop’s unsolicited $56 billion takeover proposal https://t.co/zLjxshuoy3 — The Wall Street Journal (@WSJ) May 12, 2026 According to a letter
Who Is Joining Trump’s High-Profile China Delegation
President Donald Trump has invited several top American business leaders to join his upcoming China trip for meetings with Chinese President Xi Jinping, according to a White House official. The delegation is expected to include Elon Musk, Tim Cook, Larry Fink, and executives from major firms including Boeing, Goldman Sachs,
Mamdani’s Tax Day Vid Backfires As Businesses Look To Escape New York
By Jarrett Stepman, The Daily Signal May 09, 2026 New York City Mayor Zohran Mamdani is already having success in redistributing wealth, right out of his city. It seems the socialist mayor’s creepy video celebrating Tax Day and directly calling out billionaire CEO Ken Griffin as a target for
California’s ‘Billionaire Tax’ Could Reach Far Beyond Billionaires
By Aaron Withe via The Daily Signal | May 10, 2026 Last week, the Service Employees International Union (SEIU) announced it had gathered more than 1.5 million signatures—nearly double what it needed—to put a sweeping new wealth tax on California’s November ballot. The initiative is called the
How Many Employees Are Affected By GM’s IT Layoffs
General Motors is cutting hundreds of salaried positions in its information technology division as the automaker moves to reduce costs and reassess workforce needs, according to reports. The layoffs reportedly began Monday and are expected to affect around 500 to 600 employees globally, with many of the impacted workers based
What April’s Stronger-Than-Expected Jobs Report Means For Americans
The U.S. economy added 115,000 jobs in April, beating economists’ expectations of 65,000, while the unemployment rate held steady at 4.3%, according to Bureau of Labor Statistics data cited by CNN. White House National Economic Council Director Kevin Hassett called the numbers “blockbuster” in an interview
Rising Gas Prices Push Consumer Confidence Lower
The U.S. consumer sentiment fell to another record low in early May as Americans grappled with high gas prices and economic uncertainty tied to the ongoing Iran conflict, according to the University of Michigan’s latest survey. The preliminary reading dropped to 48.2, the weakest level since records
U.S. Adds 115,000 Jobs In April, Beating Expectations
The U.S. employers added 115,000 jobs in April, beating market expectations and signaling continued resilience in the labor market, according to government data. Economists surveyed by Dow Jones had expected payroll growth of just 55,000 jobs. The unemployment rate remained steady at 4.3%, suggesting that modest
French Prosecutors Target Musk Over X And Grok Allegations
French authorities have escalated their investigation into Elon Musk and the social media platform X into a criminal probe, according to the Paris prosecutor’s office. The investigation centers on allegations that X manipulated algorithms to influence French politics and allowed users of the AI chatbot Grok to spread Holocaust
How Antitrust Populists Drove Spirit Airlines Out Of Business
By Connor O'Keeffe, Mises Wire | May 06, 2026 On Saturday, Spirit Airlines officially shut down all operations.The announcement came after negotiations for a nine-figure government bailout fell through. The budget airline was unable to continue business with the soaring price of jet fuel that has resulted from