Abundant Intelligence, Scarce Jobs: A Look at the Theoretical AI Memo That Went Viral

Citrini Research this week published a provocative essay imagining a hypothetical “2028 Global Intelligence Crisis,” prompting widespread online debate over whether artificial intelligence (AI) could erode the very income base that sustains the modern economy. Citrini Research’s Macro Essay Examines the Economic Consequences of AI Getting Too Good Citrini Research, founded by James Van Geelen, … Read more

US Supreme Court Strikes Trump’s IEEPA Tariffs Down, Refund Process to Be a ‘Mess’

The U.S. Supreme Court ruled that the sweeping tariffs levied by President Donald Trump under the International Emergency Economic Powers Act (IEEPA) were illegal, as the President exceeded the law’s authority. In a dissenting opinion, Justice Kavanaugh stated that refunding these tariffs would be “a mess.” US Supreme Court Rules Trump Had No Authority To … Read more

US Stocks Slip Late as Oil Rises, Fed Signals and PCE Data Loom

U.S. equities traded modestly lower late Thursday as rising oil prices, geopolitical tensions, and cautious Federal Reserve signals tempered momentum from the prior session’s AI-fueled advance. Stocks Ease in Late Trading as Oil Hits Six-Month High As of 3:30 p.m. EST on Feb. 19, just before Wall Street’s close, the Dow Jones Industrial Average stood … Read more

Michael Saylor Tells Ray Dalio: If World Order Breaks Down, Own Bitcoin

Strategy Executive Chairman Michael Saylor told billionaire Ray Dalio to own bitcoin after the billionaire warned the post-World War II global order is breaking down, positioning the cryptocurrency as a shield against mounting geopolitical and financial instability. Dalio Flags Cracks in Global Order; Saylor Points Investors to Bitcoin Strategy Executive Chairman Michael Saylor shared on … Read more

Canada Spearheads New Trade Alliance to Counter Trump’s Influence

Mark Carney, Prime Minister of Canada, is organizing a trade alliance that would bring together the EU and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to counter the growing influence of the Trump Administration on trade issues. Canada Prepares Mega Trade Alliance to Counter Trump’s Aggressive Trade Practices The Trump Administration’s aggressive trade … Read more

‘There Are No Rules’: Billionaire Ray Dalio on the Collapse of the Old World Order

Billionaire investor Ray Dalio declared that “the world order as it has stood for decades no longer exists,” warning that the post-1945 framework has given way to a new era defined by raw power and intensifying great-power rivalry. Dalio Cites ‘Stage 6’ Chaos as Global Order Unravels Ray Dalio, founder of Bridgewater Associates, published a … Read more

Russia’s Return to the Dollar: A Non-Existing Dilemma

The rumors of discussions on Russia’s return to the dollar system sparked speculation about the strength of the financial alternatives deployed to bypass sanctions. While the central bank denies being involved in such talks, the Kremlin clarified that Russia never left the dollar: it was excluded. Russia Denies Taking Part in Discussions About Using the … Read more

ECB Enhances Repo Facility to Broaden Global Euro Liquidity

The ECB updates the Eurosystem repo facility for central banks (EUREP) to provide standing access against euro collateral, extending reach and flexibility. This lets foreign central banks more easily obtain euro funding during stress, part of Europe’s push to boost the euro’s global role and counter U.S. and Chinese influence. The Governing Council of the … Read more

Banks Beat Payment Providers in Argentina: Labor Reform Bans Payments to Digital Wallets

A proposal that would have allowed workers to receive wages in digital wallets managed by payment providers was defeated after banks pressured lawmakers to exclude that option during debates over Argentina’s new labor law reform. No Choice: Digital Wallets Left Out as Eligible Payment Options in Labor Law Reform Argentina has failed to advance in … Read more