Author: Press Room

A small group of tech giants has invested over $1 trillion in a technology that is failing to generate profits Artificial intelligence (AI) is booming, but behind the hype lurks a threat of a financial bubble. There is rising unease about how a small group of companies fund the technology though circular deals that boost their market value, which is far greater than the profits the industry generates.OpenAI, the owner of ChatGPT, has secured AI computing agreements with Nvidia, AMD and Oracle that could together exceed $1 trillion in value. Nvidia, which describes itself as the world’s leader in AI computing,…

Prime Minister Jens-Frederik Nielsen said the island chooses Denmark and the EU over the US US President Donald Trump has dismissed Greenland Prime Minister Jens-Frederik Nielsen as someone he doesn’t even know, threatening him with a “big problem” after Nielsen reaffirmed the island’s commitment to Denmark over the US.The confrontation over Trump’s ambitions to acquire the strategic Arctic island reached a new peak at a joint press conference in Copenhagen on Tuesday, where Danish Prime Minister Mette Frederiksen and Nielsen presented a united front.“If we have to choose between the United States and Denmark here and now, we choose Denmark.…

A shocking video out of San Antonio shows an illegal alien using his car as a battering ram against ICE agents, smashing into two federal vehicles and injuring an officer before agents dragged him from the driver’s seat to end the assault. U.S. Immigration and Customs Enforcement officials posted a Fox News video on social media showing an illegal alien weaponizing his vehicle and repeatedly smashing into two ICE vehicles in a Walmart parking lot in San Antonio.. The incident sent one officer to the hospital, officials stated. Texas Governor Greg Abbott (R) responded to the incident, saying, “Organized groups…

President Donald Trump says the federal government will halt “any payments” to sanctuary jurisdictions, those localities and states that refuse to cooperate with the Immigration and Customs Enforcement (ICE), beginning next month. Speaking at the Detroit Economic Club on Tuesday, Trump announced that his administration would be cutting off federal money to sanctuary jurisdictions for their attempts to impede ICE from enforcing federal immigration law. “Starting Feb. 1, we’re not making any payments to sanctuary cities or states having sanctuary cities because they do everything possible to protect criminals at the expense of American citizens,” Trump said: And it breeds fraud…

The bloc agreed to issue €90 billion in joint debt to support Kiev but has yet to decide how the money can be allocated EU nations are clashing over how Ukraine can spend the loan they greenlit to support its collapsing economy and war effort against Russia, Politico and The Telegraph reported on Tuesday, citing diplomats and policy papers circulated to member states.Last month, the bloc agreed in principle to borrow €90 billion ($104 billion) against its common budget to finance Ukraine, after failing to agree to use frozen Russian assets for the purpose. The controversial proposal – which EU…

American Exceptionalism Gone Wild Donald Trump has finally done it. Earned the respect of The New York Times and other powerful organs of our state controlled media. CNN unquestioningly parrots the line that “the U.S. runs Venezuela.” So, let’s get this straight- we abducted the leader of another sovereign nation, bombed them, but it wasn’t an act of war. It was justified. Don’t suggest that this is something new. Sure, Trumpenstein’s bombastic theatrical personality makes it seem that way. But this goes back to at least 1953, when the CIA ousted Iran’s prime minister Mohammad Mosaddegh. True, they didn’t literally kidnap him and…

Fewer Americans applied for unemployment benefits last week, highlighting the strength of job security as 2026 begins. The Department of Labor said Thursday that 198,000 Americans filed first-time claims for state jobless benefits, a historically low figure. Claims have only come in this low in six weeks since the pandemic struck in 2020. In data going back to 1967, jobless claims have only been this low or lower around 2.5 percent of the time. Economists had expected 212,000 initial claims. The prior week’s figure was revised down from 208,000 to 207,000. Jobless claims can be volatile week-to-week so many economists…

Former President Bill Clinton did not appear today for his scheduled deposition before the House Oversight Committee. Hillary Clinton is scheduled to appear tomorrow, though it remains to be seen whether she will comply. At 10:07 a.m. today, House Oversight Committee counsel initiated the deposition of former President William J. Clinton, noting for the record that he was not present. Exhibit materials included prior communications from Clinton’s attorney, David Kendall, acknowledging receipt of the original subpoena in August and a follow-up letter from Chairman Comer on December 15, 2025, warning that failure to appear could trigger contempt of Congress proceedings.…

Tim Scott is facing a crypto calamity. Landmark digital asset legislation that the Senate Banking chair hoped to advance out of committee Thursday is in extreme jeopardy after one of the industry’s most influential executives announced his opposition Wednesday, setting off a scramble in the Senate and the White House to rescue the bill. Scott has now postponed the markup, and it’s unclear where he goes from here. The last-minute backlash is crypto’s biggest flex yet on Capitol Hill, after the industry’s largest players doled out more than $100 million on races across the country to ensure their allies controlled…

Saudi Arabia, Oman, and Qatar are reportedly trying to persuade Trump to abandon regime-change plans in Tehran Major Arab Gulf states are privately urging the US not to launch a military strike on Iran, warning it could trigger severe regional instability and disrupt the global oil market, the Wall Street Journal reported on Tuesday. According to the outlet, Saudi Arabia, Oman, and Qatar are leading the diplomatic effort behind the scenes, lobbying the Trump administration as it weighs potential military options against Tehran amid major anti-government protests. The lobbying campaign comes after the White House reportedly warned regional allies to prepare…