Minimalist News

Simply the latest news, updated on the hour.

World

AI Summary

  • The US job market saw an unexpected surge in January, though with significant negative revisions to past data, while fears of AI-driven disruption continue to weigh on global software stocks.
  • Global electricity demand is rapidly increasing, straining existing grid infrastructure and prompting new energy regulations in some nations, alongside commodity market volatility influenced by supply constraints like Indonesian nickel output cuts.
  • The Trump administration is actively reshaping US foreign policy and international alliances, notably pushing for European self-reliance in defense and making moves on Middle East strategy and trade agreements.
  • Several countries are grappling with internal socio-political challenges, including a deadly school shooting in Canada, widespread business protests over tax changes in Malawi, and heightened debates on immigration and domestic violence in parts of Europe.
  • Ongoing investigations into 2020 US election irregularities and the far-reaching global fallout from the Jeffrey Epstein files continue to generate significant legal and political repercussions, leading to high-profile resignations and international scrutiny.

ZeroHedge

  • US Unexpectedly Adds 130K Jobs In January, Most Since 2024, Amid Massive Negative Revisions an hour ago by Tyler Durden

    US Unexpectedly Adds 130K Jobs In January, Most Since 2024, Amid Massive Negative Revisions Ahead of today's jobs report, the Trump admin unleashed a full court press to warn markets about what was expected to be a very weak numbers, with Peter Navarro saying "we have to revise our expectations down significantly for what a monthly job number should look like" and Kevin Hassett told CNBC on Monday to "expect slightly smaller job numbers" and that "one shouldn't panic" if the labor data comes in weak. That's also why the whisper number ahead of today's jobs print was well below the consensus, at

  • AI 'Disruption' Fears Go Global: France's Dassault Crashes Most On Record After 'Weak Guide' an hour ago by Tyler Durden

    AI 'Disruption' Fears Go Global: France's Dassault Crashes Most On Record After 'Weak Guide' Dassault Systemes, which Nvidia has recently described as being at the epicenter of the "next frontier of artificial intelligence," suffered its largest intraday decline on record in Paris trading after issuing weaker-than-expected guidance. The miss reinforced the latest market narrative that some software firms are vulnerable to AI-driven disruption, a fear that has crushed software stocks in recent weeks. Paris-based Dassault reported unaudited estimated financial results for the fourth quarter and guidance for the new year. The focus among traders was on the company's guidance for 2026 sales growth

  • Electricity Demand Is Surging, The Grid Isn't Ready: IEA an hour ago by Tyler Durden

    Electricity Demand Is Surging, The Grid Isn't Ready: IEA By Tsvetana Paraskova of OilPrice.com * International Energy Agency says global electricity demand is growing at its fastest pace in 15 years, set to rise more than 3.5% annually through 2030. * While renewables, nuclear, and natural gas are expanding rapidly, grid infrastructure is becoming the key bottleneck, with over 2,500 GW of power and load projects stuck in connection queues worldwide. * Grid investment must rise about 50% above current levels to keep pace, with BloombergNEF and Goldman Sachs warning that persistent grid constraints could trigger power shortages and even undermine

  • Panic Ensues After Trump Orders CIA To Give 2020 Election Intel To 'Stop The Steal' Lawyer 2 hours ago by Tyler Durden

    Panic Ensues After Trump Orders CIA To Give 2020 Election Intel To 'Stop The Steal' Lawyer President Donald Trump has instructed the CIA and other spy agencies to hand over intelligence related to the 2020 election, a bunch of (presumably panicked) US intelligence officials told Politico and NBC News.  The records are to be handed over to Kurt Olsen - now a temporary government employee in the White House - who four years ago was involved in the "Stop the Steal" campaign to determine whether Joe Biden won the 2020 election via cheating.  Attorney Kurt Olsen during his opening statement in Kari Lake's election challenge trial on May 17,

  • Futures Rise Ahead Of Today's Delayed Jobs Report 2 hours ago by Tyler Durden

    Futures Rise Ahead Of Today's Delayed Jobs Report    US equity futures are flat ahead of today's delayed January payrolls (full preview here) with the market now expecting a weaker print after the Retail Sales miss and weaker high-frequency data. As of 8:00am ET, S&P and Nasdaq 100 futures are both up 0.1%. Pre-market, Mag7 names are mostly lower; Discretionary, Energy, Industrials and Materials are all higher pointing to a potential broad-based cyclical rally while TMT is muted; AI ex-Mag7 is seeing a bid. JPMorgan’s trading desk expects the delayed January data to give a small boost to stocks — something much-needed amid


The Guardian

  • 53 people dead or missing after migrant boat capsizes in Mediterranean 2 days ago by Agence France-Presse in Geneva
    Migration, Libya, World news, Africa, Refugees, Middle East and north Africa

    Only two survivors rescued after boat overturned off Libyan coast, UN migration agency says Fifty-three people are dead or missing after a boat capsized in the Mediterranean Sea off the Libyan coast, the UN migration agency said on Monday. Only two survivors were rescued. The International Organization for Migration said the boat overturned north of Zuwara on Friday, in the latest disaster involving people attempting the perilous Mediterranean crossing in the hope of reaching Europe. Continue reading...

  • Ebo Taylor, Ghanaian highlife pioneer and guitarist, dies age 90 2 days ago by Laura Snapes
    Music, Culture, Ghana, Fela Kuti, Africa

    Taylor, who did for Ghanaian music what his friend Fela Kuti did for Nigeria, has been called the greatest rhythm guitarist in history Ghanaian musician Ebo Taylor, a definitive force behind the highlife genre, has died age 90. His son Kweku Taylor announced the news on Sunday: “The world has lost a giant. A colossus of African music. Ebo Taylor passed away yesterday; a day after the launch of Ebo Taylor music festival and exactly a month after his 90th birthday, leaving behind an unmatched artistry legacy. Dad, your light will never fade.” Continue reading...

  • Weather tracker: Spain and Portugal hit by third deadly storm in two weeks 2 days ago by Alice Fowl, Claire Jones and Morgan Thomas for MetDesk
    Flooding, Extreme weather, Spain, Portugal, South Africa, Africa, Environment, Japan, South Korea

    Storm Marta sweeps Iberian peninsula just days after Storms Kristin and Leonardo brought deadly flooding and major damage Spain and Portugal have endured another storm over the weekend, just days after the deadly flooding and major damage caused by Storm Kristin and Storm Leonardo last week. Storm Marta passed over the Iberian peninsula on Saturday, bringing fresh torrential rain and killing two people. Storm Kristin killed at least five people after it made landfall on 28 January with Storm Leonardo claiming another victim last Wednesday. The outlook for this week is for more rain across Spain, Portugal and France, especially across north-west

  • RSF drone attack kills 24 people fleeing fighting in central Sudan, says doctors group 4 days ago by Associated Press
    Sudan, Africa, Middle East and north Africa, World news

    Eight children including two infants among dead in vehicle carrying displaced people, says Sudan Doctors Network A drone attack by a paramilitary group has hit a vehicle carrying displaced families in central Sudan, killing at least 24 people, including eight children, a doctors’ group said on Saturday. The attack by the Rapid Support Forces took place close to the city of Er Rahad in North Kordofan province, according to the Sudan Doctors Network, which tracks the country’s war. The vehicle was transporting displaced people who fled fighting in the Dubeiker area, the group said in a statement. Among the dead children were

  • Thousands of Malawi businesses close in protest over tax changes 4 days ago by Charles Pensulo in Blantyre
    Global development, Tax and spending, Protest, Malawi, Africa, World news

    Peaceful demonstrations force a delay in measures aimed at improving revenue collection but which many fear will be fatal for small traders Demonstrations across Malawi’s four main cities during the past week have achieved a delay in the introduction of a new tax regime that business owners claim will cripple their livelihoods. Tens of thousands had signed petitions which this week were presented to tax officials and on Monday thousands of small traders shut up shops and businesses to hold protest marches in Blantyre, Lilongwe, Zomba and Mzuzu. Continue reading...


South China Morning Post

  • German court jails US military contractor in China spy case 2 hours ago by Agence France-Presse

    A US citizen was sentenced to two years and eight months in prison on Wednesday for offering China sensitive information while working as a civilian contractor at a US military base in Germany. The defendant, only partially named as Martin D., was put on trial in a German court in the western city of Koblenz, with proceedings held partly behind closed doors. In 2024, prosecutors charged that Martin D. had “contacted Chinese government agencies several times and offered to pass on sensitive...

  • US grounds all flights at Texas’s El Paso airport due to ‘security reasons’ for 10 days 3 hours ago by Bloomberg

    The US Federal Aviation Administration (FAA) closed the airspace around the border city of El Paso, Texas, for 10 days, in an unusual move that authorities put down to unspecified “special security reasons”. All flights into and out of the city are suspended, the FAA said without elaborating on the reasons. The FAA has also prohibited all flight operations in the Santa Teresa area of New Mexico, citing special security reasons. Flights from El Paso International Airport were halted starting...

  • China is leading in holistic AI development. Can the US catch up? 3 hours ago by Chee Yik-wai

    After a series of roller-coaster rides in financial markets, serious concerns remain about the long-term profitability of major artificial intelligence (AI) companies that mostly rely on circular financing – investing in each other to prop up demand. This volatility is worrisome when many Americans’ retirement pensions are closely tied to AI stocks, which have contributed to 80 per cent of the US stock market’s rise and 40 per cent of US GDP growth last year. Amid fears of a bubble, polls...

  • Iran’s revolution anniversary marred by protests, nuclear tensions 4 hours ago by Associated Press

    Iran marked the 47th anniversary of its 1979 Islamic Revolution on Wednesday as the country’s theocracy remains under pressure, both from US President Donald Trump who suggested sending another aircraft carrier group to the Middle East and a public angrily denouncing Tehran’s bloody crackdown on nationwide protests. The commemoration represented a split-screen view of life in Iran, with state television showing hundreds of thousands of people across the country attending pro-government rallies,...

  • Trump’s White House revises India trade deal, sparking confusion over terms 4 hours ago by Bloomberg

    The White House revised its fact sheet on the US-India trade agreement to adjust language around agricultural goods, adding to confusion about the deal already raised by farmer groups. In a revised statement, the US removed a reference to pulses – a staple food in India that includes lentils and chickpeas – and changed some phrasing around India’s offer to buy more American goods. An earlier version on Monday released by the White House said India would “eliminate or reduce tariffs” on a wide...


New York Times

  • Will Trump’s Order on Housing Help? 5 hours ago by Matthew Goldstein, Melanie Bencosme, Sutton Raphael, Thomas Vollkommer, Nikolay Nikolov, June Kim, Joey Sendaydiego and Edward Vega
    Real Estate and Housing (Residential), Affordable Housing, Trump, Donald J

    Matthew Goldstein, a reporter for The New York Times who has focused on the financialization of the housing market, looks at a new executive order on housing by President Trump.

  • Trump Decries a ‘Nation of Renters’ but His New Policy Promotes One 5 hours ago by Matthew Goldstein
    Mergers, Acquisitions and Divestitures, Renting and Leasing (Real Estate), Real Estate and Housing (Residential), Landlords, Building (Construction), Executive Orders and Memorandums, Blackstone Group, The, DR Horton Inc, Invitation Homes LP, Lennar Corporation, Trump, Donald J, United States, Pulte, William J (1988- )

    President Trump’s recently announced executive order that would bar big investors from acquiring single-family homes includes an exemption that allows them to build homes for rent.

  • Kalshi and Polymarket Create New Competition for Professional Economists 5 hours ago by Lydia DePillis
    Gambling, Banking and Financial Institutions, Regulation and Deregulation of Industry, United States Politics and Government, Artificial Intelligence, United States Economy, Trump, Donald J, Warsh, Kevin M, Wolfers, Justin, Kalshi Inc, Polymarket (Adventure One QSS Inc), Prediction markets

    Economists have noticed that betting markets like Kalshi and Polymarket are pretty good at predicting not just political events but economic data, too.

  • Trump Wants to Revive Shipping. Investors Are Slow to Back Him. an hour ago by Peter Eavis
    Ships and Shipping, Ports, Executive Orders and Memorandums, Foreign Investments, Labor and Jobs, Maersk Line, CMA CGM, Trump, Donald J, Hanwha Group, France, United States, Rodolphe Saade

    A French logistics behemoth promised $20 billion for the United States, but a year into President Trump’s second term, only a fraction of the money has arrived.

  • A Deadly Mass Shooting in Canada, and the Latest on the Search for Nancy Guthrie 4 hours ago by Tracy Mumford, Will Jarvis, Ian Stewart and Pranav Baskar
    Computer and Video Games, Mass Shootings, School Shootings and Armed Attacks, Guthrie, Nancy (1942- )

    Plus, how extremist groups are using video games to recruit children online.


Looking for more? Search Google News