Xbox's Obsidian Entertainment has canceled multiple projects, including a sequel to Avowed, and will begin working on a new game in the popular Fallout franchise as part of the division’s broader restructuring, according to people familiar with the matter. Tap the link in bio for more.📷: Patrick T. Fallon/Bloomberg ...

Macroeconomic Trends and Inequality - The U.S. economy is experiencing a "K-shaped" recovery, where capital gains disproportionately benefit corporate leaders and stock owners while the broader population faces an affordability crisis [5][13][14] - Housing foreclosures have reached a seven-year high, reflecting significant strain on household financial stability [4][7] - Wealth concentration has reached levels comparable to the "robber baron" era, driven by extractive and gatekeeping business models rather than value creation [8][9][10] - Corporate executives are seeing record compensation, with the number of U.S. CEOs earning over $100 million annually reaching a five-year high [5] AI Market and Investment Risks - The U.S. Treasury Department has produced an internal report warning of a potential AI bubble, drawing comparisons to the dot-com era [17][18] - Major tech firms including Amazon, Google, Microsoft, and Meta are projected to spend $700 billion on AI infrastructure this year [19] - Market valuations for AI-related ventures, such as SpaceX, are heavily reliant on aggressive growth assumptions, including a 10,000% increase in AI adoption and the displacement of 60% of computer-based jobs within five years [23] - There is growing concern regarding the "irrational exuberance" in the market, where capital is being allocated to companies that are currently losing money based on speculative long-term narratives [20][21][22] Regulatory and Structural Concerns - The U.S. legal framework uniquely enshrines the rights of capital as superior to labor and community interests, mandating that corporations prioritize maximum financial returns over broader societal value [14][15][16] - There is a critical lack of public trust in government oversight, complicating the potential for regulatory intervention to mitigate systemic risks associated with massive capital transfers and looming AI IPOs [27][28]

Enterprise AI Adoption - Bain Capital has deployed enterprise ChatGPT licenses to all 2.7 thousand employees to serve as a force multiplier for business operations [1] Operational Efficiency & Industry Impact - Zelis, a portfolio company of Bain Capital, utilizes ChatGPT to streamline claims processing within the healthcare system [1] - AI integration facilitates cost reduction across the healthcare sector by optimizing administrative workflows [1]

Market Trends & Macroeconomics - SpaceX shares fell to $148, dropping below the initial public offering price of $150 following increased selling pressure [1][2] - The Federal Reserve maintained the benchmark interest rate at a range of 3.5% to 3.75% amid conflicting policy views on inflation and economic risks [3] - Geopolitical tensions between the US and Iran pushed Brent crude oil prices above $78 per barrel, causing a 576-point decline in the Dow Jones Industrial Average [5] - US gasoline prices averaged $3.79 per gallon, with analysts warning of further upward pressure due to Middle East instability [6] Corporate Developments & M&A - Blue Origin secured $10 billion in its first external funding round, achieving a valuation of $130 billion, with $2 billion contributed by Jeff Bezos and $4 billion by KOTU [4] - Microsoft initiated a restructuring plan involving approximately 4,800 job cuts across its gaming studios, offering severance packages including up to 39 weeks of base pay [8] - Vertex Pharmaceuticals announced the acquisition of Krenetics Pharmaceuticals for $10 billion, marking its largest acquisition to date to secure endocrine assets [10] - Levi Strauss exceeded second-quarter earnings and revenue forecasts and raised its full-year outlook, though shares fell over 5% in after-hours trading [8][9] Industry Insights - San Francisco's median one-bedroom rent reached a record $4,600, representing a 22% year-over-year increase driven by AI sector growth and housing shortages [6][7] - Used electric vehicle prices in the US spiked 12% year-over-year in June, outpacing traditional vehicle price gains due to rising fuel costs [7] - The US Postal Service will increase the price of a first-class "forever" stamp from 78 cents to 82 cents effective July 12th to address rising operational costs [10]

A supply-chain crisis for Xbox couldn’t have come at a worse time https://t.co/msCWLOCV2s ...

Even in a bear there’s always something to be bullish on 🐂Here are the top longs on Phantom right now:TAO - 97.4% of traders are longCOPPER - 94.2% of traders are longMICROSOFT - 92.9% of traders are long https://t.co/8oiR0FCocP ...

Xbox's Obsidian Entertainment has canceled multiple projects, including a sequel to 'Avowed,' and will begin working on a new game in the popular 'Fallout' franchise https://t.co/ZluBdNQH5C ...

Flashback 250 years ago, the coal had invented been invented and it was the inflection point towards the first big technological eruption in the history of mankind. Fast forward, we have the invention of electricity. of exploration of oil and gas.Then we have the cars and propeller fans, airplanes and aircrafts. Then we have the jet aircrafts. Then we have the main frames and computers till we reach the current time that we are living.So in 250 years we lived four industrial revolutions and actually what's ...