Which US States Have The Highest GDP Per Capita? Where you live in the U.S. can make a huge difference in economic output per person. GDP per capita varies widely across states, from under $60,000 in Mississippi to nearly $280,000 in Washington, D.C. This chart, produced by Visual Capitalist’s Jenna Ross, in partnership with Terzo, breaks down GDP per capita in 2025.  GDP per Capita by State Washington, D.C. has the highest […]

India’s Solar Demand Set For 22% Annual Growth Through 2035 Submitted by Tsvetana Paraskova of OilPrice.com India’s solar capacity is set to surge by 22% each year by 2035 as the data center boom will drive increased power consumption, a new report by Nuvama showed on Monday.    The consultancy estimates that India’s total power demand will rise by 6% every year over the next decade, “driven by economic growth, rising […]

How The World Added Decades To Life Expectancy The average person today can expect to live far longer than someone born in 1960, regardless of where they live. This chart, via Visual Capitalist’s Bruno Venditti, tracks life expectancy at birth across four World Bank income groups. While high-income countries still have the longest lifespans, the biggest gains have come elsewhere. Upper-middle income countries have added more than […]

Domesticating AI – It’s Not Coming, It’s Already Here Authored by Howard Armitage via New Atlas, When my neighbor wanted a vision of what his fence could look like, I didn’t hesitate to ask ChatGPT to create a mock-up. I took a photo of the fence and asked it to overlay a potted Jasmin espaliered to it, after a couple of tweaks, and all of about one minute later, it gave me this: AI-generated mock-up created from the author’s […]

Final Ivy Folds As Columbia University Abandons Test-Optional Admissions Policy More than three years after adopting test-optional admissions, Columbia University is reversing course and will once again require standardized test scores from prospective students. Columbia announced on June 13 that, beginning in fall 2027, first-year and transfer applicants will have to submit either SAT or ACT scores to be considered for admission. […]

Power Transformer Lead Times Hit Record Highs As US Grid Equipment Shortage Deepens By West Garrett of Industrial Sage Summary: Power transformer lead times now average 128 weeks — nearly 2.5 years — with generator step-up transformers averaging 144 weeks Prices for power transformers have risen 77% since 2019, driven by surging demand and constrained raw material supply Cleveland-Cliffs is the only domestic producer of […]

Newsom Announces He’s Being Investigated By Trump Justice Department California Gov. Gavin Newsom announced Monday that the Department of Justice has opened an investigation into him and his wife, claiming the probe is political retaliation as he weighs a bid for president in 2028. “In recent days, federal agents have knocked on the doors of family, friends, and former employees, not because they found a crime, because they’re […]

An Open Letter To Elizabeth Warren About Trillionaires And Inequality Submitted by QTR’s Fringe Finance Dear Senator Warren, When I watched your recent video on X about Elon Musk becoming the world’s first trillionaire, I found myself in the unusual position of agreeing with you—at least in part. That is not a sentence I write often. You see…you are correct that something has gone profoundly wrong in an economy that can […]

Anthropic Accused In Lawsuit Of Lying About $200 Per Month ’20x’ Plan A federal class-action lawsuit filed Monday accuses Anthropic of misleading customers about the real usage limits on its high-end Claude AI subscriptions. The suit, brought on behalf of Washington D.C. subscriber Karl Kahn and others who bought the Max 5x and Max 20x plans since April 2025, claims the company oversold how much computing power buyers would actually […]

RFK Jr. Warns Vaccine Committee Not ‘Functioning’, Asks Court To Accelerate Decision Authored by Zachary Stieber via The Epoch Times, The committee that advises the Centers for Disease Control and Prevention on vaccines has been paralyzed by a March ruling by a federal judge, leaving it unable to carry out work ahead of the upcoming respiratory virus season, Health Secretary Robert F. Kennedy Jr. has warned. Health Secretary Robert […]

B-52 Bomber Crashes After Take-Off From Edwards Air Force Base In California A U.S. Air Force B-52 bomber aircraft crashed shortly after taking off from Edwards Air Force Base in California, the base said in a statement Monday. “A United States Air Force B-52 Stratofortress crashed shortly after takeoff on the Edwards airfield at 11:20 a.m.,” the base said in a post on Facebook. “Emergency crews immediately responded to […]

Monsters Far And Near Authored by James Howard Kunstler, “We used to say that we don’t know what 2050 will look like. Now it’s more like we don’t know what 2030 will look like.” – Jesus Enrique Rosas You must be thinking that reality is pushing its luck with the president bringing this Iran business – a war, actually, let’s face it – to a favorable conclusion around dinner time Sunday evening (yawn) and then Mr. […]

Saylor’s Strategy Buys Another $100 Million Of Bitcoin Authored by Helen Partz via CoinTelegraph.com, Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added to its cryptocurrency reserves last week as BTC continued to trade below the company’s average cost basis of about $75,700. Strategy acquired 1,587 Bitcoin (BTC) for $100 million between June 8 and Sunday, according to Monday’s 8-K filing with […]

US Property Foreclosure Filings Increase 14% Year Over Year Authored by Naveen Athrappully via The Epoch Times, There were a total of 40,355 U.S. properties with foreclosure filings in May—down 5 percent month-over-month but up by 14 percent compared to the same period in 2025. “The increase marks the continuation of a trend of rising foreclosure activity on an annual basis,” real estate analytics company ATTOM said in a […]

Three Factors Leave Salty-Snack Demand Stale UBS analyst Peter Grom, who covers U.S. consumer staples including packaged food, beverages, and household products, served up a sour outlook for the salty-snack category, warning that the recovery investors had hoped for remains further out than expected. “Despite recent optimism around a potential recovery in salty snacks, our analysis would suggest the category remains challenged. […]

Trump Details Iran Deal At G7: No Nukes, Conditional Sanctions Relief Summary: Iran will not have a nuclear weapon under the new deal. The agreement includes strong policing and enforcement powers. Trump: Obama’s JCPOA was a horrible deal that led toward a bomb. Past U.S. payments to Iran were a failed bribe attempt. Sanctions relief will only happen if Iran complies with terms. Iran gets no money or relief just for signing […]

“Dangerous Precedent Of Censorship And Sanitization”: Biden-Appointed Judge Enjoins Removal Of Slavery And Climate Displays Authored by Jonathan Turley, George Santayana famously said that those who ignore history are doomed to repeat it. The same is true for judicial overreach. Those judges who yield to the temptation to counter policies that are not to their liking are likely to repeat such excesses of power. That is why the […]

Could Trump’s Fable 5 Export Curbs Slow China’s AI Model Race The biggest AI story to start the week is the Trump administration’s decision to place export controls on Anthropic’s Fable 5 and Mythos 5 models, forcing Dario Amodei’s frontier AI lab to restrict foreign access. The move comes as Chinese open-source models have been rapidly closing the compute gap with U.S. labs. Anthropic’s latest release appears to have widened that […]

What Could Break The Bull Market This Summer Authored by Lance Roberts via RealInvestmentAdvice.com, Key Takeaways After nine straight up weeks, the bull market pullback we flagged finally arrived, and it stopped cold at the 50-day moving average. The selloff reset an overbought tape without breaking trend. RSI fell from above 70 to the low 40s, and Thursday’s bounce came on broad participation. Our Money Flow […]

Apollo Picks Austin Over New York As Wall Street’s Migration South Continues It’s not just Citadel that’s moving out of New York. Apollo Global Management has chosen Austin, Texas, as its second headquarters, according to sources familiar with the decision. The firm, which manages about $1 trillion in assets, evaluated Austin, Miami, Palm Beach, and Nashville before CEO Marc Rowan selected Austin, according to Financial Times. The […]

America’s Largest Wind Farm To Begin Operations This Month Authored by Naveen Athrappully via The Epoch Times, The SunZia Wind Project, the largest wind farm in the United States, is scheduled to kick off operations this month, roughly three years after construction activities began on the project, the Energy Information Administration (EIA) said in a June 12 statement. “The wind farm, located in New Mexico, has a total net […]

U.S.-Iran Deal Doesn’t Mean A Swift Return Of Oil And Gas Flows Authored by Tsvetana Paraskova via OilPrice.com, A U.S.-Iran agreement could reopen the Strait of Hormuz, but shipping and production will not immediately return to normal. More than 10 million bpd of Middle Eastern oil production has been shut in, and some fields may take months to restart fully. Iraq faces a slower recovery than Saudi Arabia or the UAE because its […]

First LNG Tanker Crosses Hormuz After Deal Announcement As Most Ship Managers Remain Cautious An LNG carrier successfully passed through the Strait of Hormuz early on Monday, the first tanker carrying energy products to clear the chokepoint since the U.S. and Iran announced a deal to reopen the Strait later this week, according to OilPrice.com While tanker owners and operators remain cautious about rushing to send vessels to the […]

White House Suspects NY Times Reporters Have Situation Room Recordings Senior Trump administration officials are convinced that two New York Times reporters have somehow obtained recordings of White House Situation Room meetings, which would represent an astounding breach of security, Axios reported on Sunday.  “We’re afraid some of our most sensitive conversations were being recorded,” a White House official told Axios. “And we […]

Nvidia To Raise $20BN In Debt From First Bond Sale Since 2021, As AI Debt Frenzy Goes Parabolic Over the weekend, we published a length report analyzing what we dubbed “the $1.8 trillion off-balance sheet time bomb at the heart of the AI supercycle”,  which focused on the recent surge in popularity of off-balance sheet SPVs, as well as $1 trillion in long-term purchase commitments, and $800bn in lease commitments, which support the […]