Drill Baby, Drill: To Shrink The Trade Deficit

A 100 yuan banknote (R) is placed next to $100 banknotes in this picture illustration taken in Beijing Nov. 1, 2010. Reuters/Petar Kujundzic De-dollarization fears just don't square with reality, according to one commodities expert. Jeffrey Christian, the founder of CPM Group, pointed to signs that the US dollar was still in high demand. Practically no one is phasing out the dollar for trade or foreign reserves, he said. De-dollarization is a "bad joke," and practically no one is dumping the greenback, according to commodities expert Jeffrey Christian.

New York City's home vacancy rate is just 1.4%, its lowest in over 50 years. DeAgostini/Getty ImagesRents in New York City rose more than seven times as fast as wages last year. A new report says tech workers earning $135,089 annually could only afford 35% of rentals in the city.

A conscript enters a recruiting center in Lviv, Ukraine. Anastasiia Smolienko/Future Publishing via Getty ImagesMykola Sokalskii, a Ukrainian film producer, is being enlisted to fight against Russia. He is also one of the powerful moderators of r/Ukraine — a huge clearinghouse for news of the war. The subreddit grew more than tenfold during the war — and gave Sokalskii a vivid insight into the fight he's joining.

Yu Chun Christopher Wong/S3studio/Getty Images Ethereum has jumped over the past 24 hours as odds of an imminent ETF approval have soared. Positive signs have come from the SEC, which needs to make a final decision on two proposals this week. The approval could also be a catalyst for bitcoin to hit new records, according to Standard Chartered. Ethereum rocketed 22% higher on Tuesday on surging confidence that ETFs pegged to the cryptocurrency could be approved as soon as this week.

The house where five immigrants from Senegal were found dead after an August 2020 fire in Denver. Thomas Peipert/AP PhotoA Colorado man pleaded guilty to killing a family by setting their home on fire in 2020. He wanted revenge after his iPhone was stolen but targeted the wrong house, investigators said.

OpenAI launched GPT-4o this month. OpenAIOpenAI's John Schulman says artificial general intelligence could be two to three years away. Schulman emphasizes the need for tech companies to cooperate for the safe development of AGI. Experts have long warned that AGI represents various existential threats to humanity. The age of AGI is coming and could be just a few years away, according to OpenAI cofounder John Schulman.