Why Meta Stock Fell 6% Despite Strong Third-Quarter Revenue Growth
Meta reported negative free cash flow of $2.12 billion for the quarter as it continues investing heavily in artificial intelligence infrastructure.
Business
Why Did Norway’s $2.3 Trillion Sovereign Wealth Fund Lose $30 Billion
The fund recorded a loss of 278 billion kroner, equivalent to approximately $29.7 billion.
The US Government’s Really Big Debt Problem
An insight of supply-side economists is that, since cutting taxes incentivizes people to work and invest, government can increase revenue by cutting taxes.
Note To The Rest Of The Country: Please Don’t Vote Like California
California’s state workforce, excluding university employment, grew 4% from 2019 to 2024, the Sacramento Bee reported last year, calling the addition of 20,000 employees “a hiring spree.”
OpenAI Expands ChatGPT Advertising As IPO Plans Take Shape
The rollout will introduce ads to free users and Go subscribers in countries including Argentina, Nigeria, South Africa, Peru and Ukraine.
Major US Companies Push Back Against Blockchain-Based Stock Trading
According to Bitwise Asset Management, trading volume on Robinhood Chain rose from $526 million in July to $11.31 billion in September.
India’s Refining Capacity Emerges As Key Focus Of US Energy Talks
President Donald Trump has encouraged India to purchase more Venezuelan crude as Washington seeks to reduce Indian dependence on Russian oil.
Getty Images Launches Bankruptcy Plan Amid Growing AI Competition
Under the plan, affiliates of the Getty family and Koch Equity Development will take full ownership, backed by up to $533 million in new equity commitments.
Trump Barnstorms US, Visiting New State Every Night
In North Carolina, Trump will support Republican Senate nominee Michael Whatley, who is challenging Democrat Roy Cooper.
How Brazil’s Government Is Making Work Illegal
If weekly pay stays the same while the maximum workweek shrinks, the effective hourly cost of labor rises mechanically, with no corresponding rise in worker productivity.
How The Toxic Relationship Between Cartels And Chinese Money Launderers Costs American Investors
When criminal enterprises are allowed to exploit free markets, public confidence in capitalism suffers, potentially making alternatives like socialism more appealing.
Republicans Shift Spending, Narrowing In On The Midterms
According to new Federal Election Commission filings, Republican super PACs aligned with President Donald Trump are redirecting spending away from their broad map.
Anthropic In Talks For Another Multibillion-Dollar AI Computing Deal
The proposed deal would cover another 460-megawatt data center at the site used for their first agreement and could be worth approximately $45 billion.
Free-Riders As A Necessary Corrective To State Overreach
Historically, the solution has often been the state’s monopoly on the use of physical force. Through mandatory taxation, everyone is forced to contribute. The lighthouse is an example frequently used in socio-economic literature.
Comrade Hayek?
This led Rothbard to criticize him. He was asked by the Volker Fund to comment on Hayek’s The Constitution of Liberty, and he recommended against its publication.
William Leggett And The Separation Of Bank And State
While Leggett’s thoughts and writings are interesting on several levels, this article seeks to present and appreciate a sample—and it is only a sample—of his economic insights.