Economy
These two Republican Senators are petitioning the Treasury to index capital gains for inflation without congressional approval.
Who are Ted Cruz and Tim Scott?
Under current law, investors owe taxes on the nominal profit of an asset sale; the Cruz-Scott proposal would allow investors to adjust the cost basis for inflation, significantly reducing the taxable gain.
This 2026 federal act, currently being implemented via OCC Bulletin 2026-3, seeks to regulate qualified payment stablecoin issuers.
What is the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act)?
Visible on March 3, 2026, this eerie celestial event takes its name from the reddish hue caused by sunlight filtering through Earth's atmosphere.
What is the Blood Moon (Total Lunar Eclipse)?
This specific percentage represents the average effective tariff rate in the U.S. for the year 2025, the highest since 1947.
What is 7.7 percent?
During 2025, the IEEPA-based tariffs raised an estimated $264 billion in customs duties, a staggering increase from the $79 billion collected in 2024.
This emerging "shock" involves a high-efficiency Chinese AI model that slashed training costs to $6 million, exposing a potential overvaluation in U.S. AI infrastructure spending.
What is the DeepSeek effect?
U.S. hyperscalers are projected to spend a combined $527 billion on AI infrastructure in 2026 alone. This aggressive spending is being challenged by the "DeepSeek effect"—a phenomenon named after a Chinese AI model that achieved a 1-million-token context window with a training cost of less than $6 million.
This prediction market site sparked outrage on March 4 after freezing $54 million in bets regarding the death of Iran's Supreme Leader.
What is Kalshi?
Kalshi tweeted the morning of the strike that the odds “Khamenei is out as Supreme Leader have surged to 68%,” along with a disclaimer that Kalshi didn’t broker trades that “settle on death.” In a follow-up, the company said the post was “grammatically ambiguous” and offered to reimburse traders’ lost value.
Following a stalemate in immigration reform negotiations, this is the only federal department currently impacted by the partial government shutdown that began on February 14, 2026.
What is the Department of Homeland Security?
This specific phenomenon caused a development team's API bill to skyrocket from $127 to $47,000 in just 11 days.
What are AI agent loops (or conversation loops)?
A critical emerging theme in 2026 is "unchecked AI agent loops," which can lead to massive unplanned spending.
The March 2026 primaries in this state became the most expensive in history, with over $100 million spent on ad buys for a single Senate race.
What is Texas?