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zerohedge.com

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International finance and business news.

Federal Government Pauses Funding To Los Angeles Homeless Agency Citing Fraud Allegations

12 June 2026 @ 7:40 pm

Federal Government Pauses Funding To Los Angeles Homeless Agency Citing Fraud Allegations Authored by City News Service via The Epoch Times, The U.S. Department of Housing and Urban Development (HUD) on June 11 suspended federal funding to the Los Angeles Homeless Services Authority (LAHSA), cutting off millions of dollars to the L.A. region, over allegations of fraud and widespread mismanagement.

SpaceX Blasts Past $2T, Musk's Wealth Tops Trillion As Record IPO Ignites Space Economy

12 June 2026 @ 7:05 pm

SpaceX Blasts Past $2T, Musk's Wealth Tops Trillion As Record IPO Ignites Space Economy Summary: Musk Becomes A Trillionaire SpaceX IPO Opens Up $150, above $135 IPO price SpaceX IPO Shares To Trade 29% Higher Than IPO Price Liftoff: SpaceX Gray-Market Trading Signals 35% IPO Pop Vanda SPCX IPO update: SpaceX is on track to become the biggest IPO debut for retail investors in recent history. Coinbase previously held that crown after attracting $92 mn of retail net buying on its firs

India Accuses West Of Double Standards Over US Russia Oil Sanctions

12 June 2026 @ 7:00 pm

India Accuses West Of Double Standards Over US Russia Oil Sanctions Submitted By Tsvetana Paraskova of OilPrice.com The on-and-off U.S. sanctions on Russian oil and the flipping U.S. position regarding India’s oil purchases from Russia highlight the double standards of the Western nations, Indian Foreign Minister S Jaishankar said on Friday.

DOE Declares Southeast Grid Emergency As Sweltering Heat Boosts AC Demand

12 June 2026 @ 6:40 pm

DOE Declares Southeast Grid Emergency As Sweltering Heat Boosts AC Demand As the U.S. men's national soccer team kicks off its first match against Paraguay in Southern California on Friday night, large swaths of the country are trapped in what feels like a wet sauna, with dangerous heat and humidity forcing households to crank up their air conditioning and straining power grids from the Southeast to the Northeast. On Thursday, the Department of Energy issued an emergency order to mitigate blackout risks across the Carolinas amid extreme heat that threatens to sharply increase power demand. The order, issued under Section 202(c) of the Federal Power Act, allows Duke Energy Carolinas and Duke Energy Progress to run certain gener

Gabbard Rescinds Intelligence Committee Reports On Mysterious Syndrome

12 June 2026 @ 6:20 pm

Gabbard Rescinds Intelligence Committee Reports On Mysterious Syndrome Authored by Zachary Stieber via The Epoch Times, Outgoing Director of National Intelligence Tulsi Gabbard has retracted intelligence community reports on mysterious health problems known as Havana Syndrome, according to a memorandum released on June 11.

Democrats Divided On Platner As GOP Reportedly Has Opposition Research That Will Destroy Him

12 June 2026 @ 6:00 pm

Democrats Divided On Platner As GOP Reportedly Has Opposition Research That Will Destroy Him Graham Platner may have easily won Maine's Democratic Senate primary Tuesday, but his own party is already trying to figure out how to get rid of him. Democrats openly admit they cannot afford to lose this race if they want to retake the Senate, and Platner is already complicating their plans. Yet, the chaos involving Platner may have only just begun. Maine's Democratic establishment is clearly uneasy, and national Democrats are not hiding it.

Ministry Of Truth: UK Government To Block 'False Information' During 'Crisis Events'

12 June 2026 @ 5:40 pm

Ministry Of Truth: UK Government To Block 'False Information' During 'Crisis Events' Authored by Steve Watson via modernity, Vague new rules will allow UK regulators to pressure platforms over "legal but harmful" content whenever government ministers declare a crisis, while the same government ploughs ahead with mandatory phone scanning, digital ID lockdowns, and jail threats for tech bosses who refuse to spy on every device.

Mother Of All 'Ifs': Trump Officials Claim Iran Deal Delivers Peace, Inspections & Hormuz Reopening; Iran Says Indeed 'Close'

12 June 2026 @ 5:40 pm

Mother Of All 'Ifs': Trump Officials Claim Iran Deal Delivers Peace, Inspections & Hormuz Reopening; Iran Says Indeed 'Close' Summary The UAE had agreed to release a total of $10b, more than $3b of which had already been delivered (Reuters). Bloomberg latest: US Senior admin officials says Iran deal accomplishes core US objectives and deal reopens Strait of Hormuz; Iran deal guarantees long-term peace in region and includes inspection regime. Pakistan PM Sharif: "we can confirm that a final, agreed upon text of the peace deal has been reached & Pakistan is now working closely with both sides to finalize the next steps."

UBS Finds Global Trade Structure "Surprisingly Stable" As AI Emerges As Growth Engine

12 June 2026 @ 5:20 pm

UBS Finds Global Trade Structure "Surprisingly Stable" As AI Emerges As Growth Engine Despite ongoing Gulf-related energy shocks, mounting concerns over a potential energy cliff (read here), and UBS last month reactivating its supply chain stress-watch coverage, another UBS analyst noted Wednesday that the overall structure of global trade remains "surprisingly stable." Analyst Arend Kapteyn pointed out that the structure of global trade remains far more structurally stable than recent growth trends suggest, even as

The K-Shaped Economy: Why The Middle Class Moved Up

12 June 2026 @ 5:00 pm

The K-Shaped Economy: Why The Middle Class Moved Up Authored by Lance Roberts via RealInvestmentAdvice.com,

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XE.com

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Currency and Foreign Exchange Site

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venturebeat.com

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Venture capital technology news

Google researchers introduce 'faithful uncertainty', allowing LLMs to offer best guesses instead of hallucinations

12 June 2026 @ 9:27 pm

Large language models continue to struggle with hallucinations, presenting a major roadblock for real-world enterprise applications. Reducing these errors is a messy business, forcing model developers to navigate a strict tradeoff where eliminating factual errors often suppresses valid answers.In a new paper, Google researchers introduce the concept of "faithful uncertainty," a metacognitive technique that aligns a model's response with its internal confidence. This alignment allows the model to offer appropriately hedged hypotheses, such as "My best guess is," instead of defaulting to an unhelpful "answer-or-abstain" binary.In real-world agentic AI applications, this metacognitive awareness acts as an essential control layer. It empowers autonomous systems to accurately determine when their internal knowledge is sufficient and when they must dynamically trigger external tools or search A

NanoClaw and JFrog launch 'immune system' to block AI agents from downloading malicious code

12 June 2026 @ 4:46 pm

The creators of the hit, enterprise-friendly, open source OpenClaw variant NanoClaw are partnering with software supply chain management leader JFrog to launch a new, joint security integration they say will protect NanoClaw autonomous agents from malicious code injection. "These agents are doing things that you cannot necessarily control, and you cannot necessarily train," said Gal Marder, Chief Strategy Officer at JFrog, in an exclusive interview with VentureBeat.Available immediately, the partnership hardwires NanoClaw agents directly to JFrog’s vetted software registries, ensuring that AI assistants can only pull scanned, safe dependencies. The release addresses a rapidly growing blind spot in tech: autonomous agents frequently install packages in the background

PixelRAG beats text parsers on accuracy and cuts AI agent token costs 10x

12 June 2026 @ 3:39 pm

Most enterprise RAG pipelines start the same way: a text parser converts web pages and documents into plain text so they can be chunked and indexed for retrieval. That conversion step destroys retrieval signals — and according to new research, it's responsible for the majority of wrong answers.A research team from UC Berkeley, Princeton University, EPFL and Databricks published a paper this week introducing PixelRAG, a system that skips that conversion entirely. Instead of parsing pages into text, PixelRAG renders them as screenshots, indexes those images and feeds retrieved tiles directly to a vision-language model reader. Tested across 30 million screenshot tiles covering all of Wikipedia, it outperforms text-based RAG across six benchmarks, improving accuracy by up to 18.1% over text-based baselines.Parsers are the wrong place to look for fixes, according to the resear

Microsoft’s open-source SkillOpt automatically upgrades AI agent skills without touching model weights

11 June 2026 @ 11:37 pm

Agent skills have become an important part of real-world AI applications, providing a mechanism — a set of instructions saved in a folder of text-based markdown (.md) files, usually — for models to adapt to specific enterprise use cases and complex workflows. However, optimizing these skills is a slow process and faulty process, as they cannot be trained in the same way as the parameters of the underlying AI model. Instead, users typically must update them manually by retyping the instructions in each file, playing a "guessing game" as to what changes might improve agentic AI performance and reduce errors. SkillOpt, a new, open source (MIT Licensed) framework developed by Microsoft, does one better: it introduces an optimizer designed for agent skills, turning the agent's skill .md document as a trainable o

Xiaomi's new open source, agentic AI coding harness MiMo Code beats Claude Code at ultra-long, 200+ step tasks

11 June 2026 @ 11:14 pm

Xiaomi's MiMo AI team has open-sourced MiMo Code V0.1.0, a terminal-native AI coding assistant that the Chinese electronics giant says outperforms Anthropic's Claude Code on key agentic coding benchmarks, especially on long-horizon, multi-step tasks (200+ steps) — at least, according to its own internal beta release and survey of 576 developers. It's also bundling limited-time free access to MiMo-V2.5, its multimodal flagship model with a million-token context window, requiring no registration to get started.The release was announced June 10, 2026 in a post on the social network X from the official @XiaomiMiMo account, which described the tool as "more than an AI coding assistant in your terminal — it's the smartest coding partner you'll ever work with."MiMo Code is available now on

Context compression finally works in production: new research cuts LLM input 16x without the accuracy hit

11 June 2026 @ 5:23 pm

Context windows are becoming a computational bottleneck. The longer an agent runs, the more tokens accumulate from retrieved documents, reasoning traces and conversation history, and the more memory and compute that growing context demands. Most existing solutions either degrade model accuracy, require the full context to load before compression begins, or produce memory savings that don't translate into real speedups in standard serving infrastructure.A research team from NYU, Columbia, Princeton, University of Maryland, Harvard and Lawrence Livermore National Laboratory published a paper this week that proposes a novel fix. The researchers introduce the concept of Latent Context Language Models, or LCLMs, a family of encoder-decoder compression models that compress input context before it reaches the decoder. The models are open-sourced on HuggingFace.Unlike KV cache compression methods — the dominant approach i

What AI benchmarks miss about real-world performance

11 June 2026 @ 3:34 pm

Presented by F5Enterprise AI teams have spent years solving for compute, securing GPU allocations, negotiating cloud capacity, and benchmarking training throughput. The assumption embedded in that work is that the path between storage and compute will keep up. In production, that assumption increasingly does not hold. Real traffic introduces latency spikes, network jitter, and node degradation that controlled benchmarks fail to capture, resulting in pipelines that perform well in the lab but stall in deployment. A growing response is AI data delivery, deploying an application delivery controller (ADC) or application delivery and security platform (ADSP) in front of storage as a resilient and secure control point."Provisioning solves for capacity but not for delivery, and that is where the constraint now hides," says Hunter Smit, senior manager of product marketing at F5. "

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tradingeconomics.com

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Trading economics – Imports and exports per country.

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numbeo.com

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Cost of living, Quality of life and travel for around the world.

Quality of Life Index 2015 Mid Year

22 July 2015 @ 6:20 am

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Cost of Living Index 2014 Mid Year

1 July 2014 @ 8:04 am

Cost of Living Index 2014 Mid Year (July 1st, 2014) Numbeo, the world's largest database of user contributed data about living conditions in cities and countries worldwide, released mid year 2014 rankings. The most expensive cities in the world, in mid 2014 are Zurich (CPI index 159.51), Stavanger (156.71) and Geneva (150.43). Indian cities Thiruvananthapuram (22.25), Coimbatore (24.57) and Indore (25.90) are the least expensive cities in the world. In Europe, cities in Switzerland and Norway dominate the list of most expensive cities, while the least expensive cities in Europe are Bitola (index 37.88), followed by Chisinau (38.40) and Dnipropetrovsk (40.53). Cities in Europe, out of all

The Most Expensive Cities in 2014 by Numbeo's Cost of Living International Rankings

28 January 2014 @ 11:33 am

The biggest free cost of living database, Numbeo, collected more than 1.1 million data from more than 130000 contributors since 2009. The result of Numbeo's survey, shows, that in the beginning of 2014, the most expensive cities (excluding rent) are Zurich (index 157.47), Trondheim (152.89) and Geneva (162.34). The least expensive are Thiruvananthapuram (21.17), Tiruchirapalli (23.23) and Indore (23.94) in India. Numbeo is currently tracking the prices of 48 goods and services. In Numbeo's survey, New York is used as the base city for the index and scores 100 points, all cities are compared against New York and currency movements are measured against US Dollar and EURO. Lucerne in Switzerland scores 150.75 points and is nearly three times as costly as Consanta in Romania with an index score of 50.32. In Europe, many cities in Switzerland and Norway are among the most expensive on the list, followed by Paris (120.68). In

New Numbeo release brings support for mobile phones!

7 October 2013 @ 11:56 am

New www.numbeo.com release brings support for mobile phones. Let me know if you encounter any problem. New mobile version of the website is supposed to load automatically when you access the website from the mobile phone.

BudgetDirect Provides Interesting User Experience over Numbeo Data

2 October 2013 @ 7:11 am

BudgetDirect do provide interesting user experience using Numbeo data in their cost of living tool . I'm interested to hear what do you like and what do you dislike in their tool, especially regarding look&feel.

Numbeo, the world’s largest database of user contributed data about cities and countries worldwide, has chosen Iceland as the least polluted country in 2013

27 February 2013 @ 12:28 pm

Top 10 the least polluted countries, according to Numbeo are: - Iceland (pollution index 9.85) - Estonia (16.38) - Finland (18.53) - Sweden (18.79) - Australia (20.89) - New Zealand (21.80) - Switzerland (22.97) - Norway (23.35) - Lithuania (25.17) - Canada (26.52) The full list is available at: http://www.numbeo.com/pollution/rankings_by_country.jsp

Top 10 Safest Countries in the World in 2013

27 February 2013 @ 12:28 pm

Japan is the safest country in the world in 2013, according to Numbeo, the world’s largest database of user contributed data about cities and countries worldwide. Top 10 safest countries, according to Numbeo are: - Japan (safety index 86.89) - Taiwan (83.74) - Hong Kong (83.43) - South Korea (82.60) - United Arab Emirates (81.99) - Malta (81.46) - Luxembourg (81.25) - Georgia (80.43) - Bahrain (80.21) - Singapore (80.02) - Iceland (77.68) The full list is available at: http://www.numbeo.com/crime/rankings_by_country.jsp

Numbeo: Quality of Life Index by City 2013

27 February 2013 @ 12:27 pm

ZURICH is the city with the best quality of life in 2013, according to an annual report by Numbeo, the world's largest database of user contributed data about cities and countries worldwide. For its quality of life index 2013 it gathered data from more than 76000 people around the world. The cities which are ranked highest in quality of life are: - Zurich, Switzerland (score 233.72) - Canberra, Australia (219.15) - Adelaide, Australia (214.61) - Berlin, Germany (213.50) - Munich, Germany (210.24) - Edmonton, Canada (208.74) - Calgary, Canada (202.72) - Hamburg, Germany (201.55) - Austin, TX, United States (199.52) - Dubai, United Arab Emirates (195.49) Full rankings are available at: http://www.numbeo.com/quality-of-life/rankings.jsp About Numbeo: Numbeo is the worl

Property Prices Indexes 2013

4 February 2013 @ 11:19 am

Numbeo did publish it's property price indexes for 2013. Property Price Index by city is available at: http://www.numbeo.com/property-investment/rankings.jsp Property Price Index by country is available at : http://www.numbeo.com/property-investment/rankings_by_country.jsp

Cost of Living Index for 2013 - Norway, Switzerland and Australia are most expensive

4 February 2013 @ 11:16 am

Based on 48 goods and services, Numbeo's survey for 2013 is made using a data cut on 4th of February 2013. This year data cut contains 367958 entries from 33448 individual contributors worldwide. The data on city level are showing Norwegian cities Stavanger, Trondheim, Oslo and Bergen on top of the list of most expensive cities. Several cities in Switzerland are also among the most expensive in the world: Zurich, Geneva, Basel, Lausanne and Bern. Among the 25 most expensive cities in the world, our list includes also eight Australian cities: Perth, Sydney, Canberra, Hobart, Darwin, Brisbane, Melbourne and Adelaide. Only a few cities which are not in Norway, Switzerland and Australia made their way into the top 25 most expensive list: Luanda in Angola, Stockholm in Sweden, Arhus and Copenhagen in Denmark, Paris in France, Luxembourg and on 25th place Tokyo in Japan. List with details on city level is available at:

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MoneySavingExpert.com

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Consumer Revenge – Credit Cards, Shopping, Bank Charges, Cheap Flights and more

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maxkeiser.com

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unadulterated financial news from Max Keiser

The Covid-19 Dominoes Fall: The World Is Insolvent

16 March 2020 @ 4:40 pm

To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, let’s start with a household example. The point of this exercise is to distinguish between the market value of assets and net worth, which is what’s left after debts are…Read more ›

Goodbye to All That: The Demise of Globalization and Imperial Pretensions

13 March 2020 @ 9:57 pm

Globalization and Imperial Pretensions have been decaying for years; now the tide has turned definitively against them. The Covid-19 pandemic didn’t cause the demise of globalization and Imperial Pretensions; it merely pushed the rickety structures over the edge. It’s human nature to reckon…Read more ›

[KR1513] Keiser Report | Thinking Exponentially

13 March 2020 @ 12:30 am

In this final episode of Keiser Report from Los Angeles, Max and Stacy discuss the exponential growth in debt and dollars that preceded the pandemic sweeping through some of the world’s major economies. They discuss the oil and stock market…Read more ›

And Then Came the Lawsuits: Pandemic in a Litigious Society

12 March 2020 @ 6:38 pm

Never mind prevention or vaccines; the big question is “who can we sue after this blows over to rake in millions of dollars?” Yes, this is pathetic, tragic, perverse and evil, but that’s reality in a hyper-litigious society like the U.S.…Read more ›

What the Fed Can Do: Print and Buy, Buy, Buy

10 March 2020 @ 5:39 pm

Much has been written about what the Federal Reserve cannot do: it can’t stop the Covid-19 pandemic or reverse the economic damage unleashed by the pandemic. But let’s not overlook what the Fed can do: create U.S. dollars out of thin…Read more ›

The Gathering Storm: Could Covid-19 Overwhelm Us in the Months Ahead?

10 March 2020 @ 5:37 pm

The present disconnect between the science of Covid-19 and the status quo’s complacency is truly crazy-making, as we face a binary situation: either the science is correct and all the complacent are wrong, or the science is false and all the…Read more ›

[KR1511] Keiser Report | Painting Pandemic with Alex Schaefer

7 March 2020 @ 2:04 pm

In this episode of Keiser Report from Los Angeles, Max and Stacy discuss deglobalization as supply shocks hit the world in the midst of a pandemic… even if the WHO won’t call it that. They talk about an opinion piece…Read more ›

Did Covid-19 Just Pop All the Global Financial Bubbles?

5 March 2020 @ 4:39 pm

Even though the first-order effects of the Covid-19 pandemic are still impossible to predict, it’s already possible to ask: did the pandemic pop all the global financial bubbles? The reason we can ask this question is the entire bull mania of…Read more ›

The Limits of Force: A Bayonet in the Back Will Not Restore China’s Economy

5 March 2020 @ 4:35 pm

The Chinese authorities threatening to punish workers who refuse to return to work are getting a lesson in the limits of force in an unprecedented national trauma: a bayonet in the back will not restore the legitimacy and confidence that have…Read more ›

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