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ECONOMIC UPDATE—MARKET OVERVIEW

ECONOMIC UPDATE—MARKET OVERVIEW

We said it before and we will say it again. Never in our 45 years of trend forecasting have we forecast a year of a Wild Card. Day-by-day, hour-by-hour, minute-by-minute the Wild Cards are being played.

Financial Concept Image The Text "Tax Relief" On A Notepad, Calculator, Eyeglasses, Laptop Keyboard, And Cup Of Coffee

TRUMP’S MASSIVE TAX CUTS ENRICH THE RICH

The theory goes like this: massive tax cuts on businesses and the rich will unleash such a flood of investment, spending, and productivity that the cuts will not only pay for themselves but render budget surpluses as far into the future as the eye can see.

Global Economy

A Bustling Farm Market In St. Jacobs, Ontario, Canada

CANADA’S ECONOMY EDGES TOWARD RECESSION

Canada’s GDP contracted by 0.1 percent in April, Statistics Canada reported, and said early indications are that the economy shrank by a similar amount in May.

TESLA’S EUROPEAN SALES TUMBLE AGAIN IN MAY

TESLA’S EUROPEAN SALES TUMBLE AGAIN IN MAY

In May, Tesla’s vehicle sales across Europe and the U.K. totaled just 13,863 units, down 28 percent year on year, the European Automobile Manufacturers Association reported.

U.S. President Donald Trump And Canadian Prime Minister Mark Carney On A Split Screen With Their Respective Flags

TRUMP CUTS OFF ALL TRADE NEGOTIATIONS WITH CANADA

On 27 June, Donald Trump announced the U.S. is immediately “terminating ALL discussions on Trade with Canada” after the U.S.’s northern neighbor is set to begin collecting a digital services tax on Internet companies, both Canadian and foreign. 

The Israel War

The Aftermath Of An Israeli Airstrike In Gaza, Showing Palestinians Transporting Injured And Deceased Individuals From A Destroyed Site In Khan Yunis

GAZA DEATH TOLL

Israel, with the full support from the U.S. killed at least 56,500 Palestinians in Gaza and wounded another 133,419. There are at least 11,000 missing. 

Trends in AI

META PREVAILS IN COPYRIGHT SUIT BROUGHT BY AUTHORS

META PREVAILS IN COPYRIGHT SUIT BROUGHT BY AUTHORS

Using the text of millions of online books to train its AI models without compensating or acknowledging the books’ authors is “fair use” under U.S. copyright law, according to a 25 June federal court ruling.

OPENAI SNAGS $200-MILLION DEFENSE CONTRACT

OPENAI SNAGS $200-MILLION DEFENSE CONTRACT

OpenAI, founded as a nonprofit to develop AI “for the benefit of humanity,” has signed a one-year, $200-million contract with the U.S. defense department to “develop prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains,” the department said in a press announcement.

SOFTBANK PROPOSES $1-TRILLION AI HUB IN ARIZONA

SOFTBANK PROPOSES $1-TRILLION AI HUB IN ARIZONA

Softbank Group, Japan’s tech megafunder, is exploring the prospect of a trillion-dollar investment to create an industrial complex in Arizona for building robots and developing advanced AI models.

Hi-Tech Science

DARPA SETS POWER BEAM RECORD

DARPA SETS POWER BEAM RECORD

U.S. military researchers have sent a laser carrying 800 watts of power across 5.3 miles (8.6 km), setting a new record. 

SHELLFISH COULD BECOME YOUR NEW ONE-A-DAY VITAMIN

SHELLFISH COULD BECOME YOUR NEW ONE-A-DAY VITAMIN

Clams, mussels, and oysters are among the world’s best sources of animal protein. Scientists at Cambridge University decided to make them even better by turning them into a one-stop source of a person’s complete daily nutritional needs.

The above are just a few of the many articles in the latest Trends Journal. CLICK HERE for the full edition.