MAGS have gone nowhere. Credit stress is back. Apple is leading. Microsoft and Meta are moving in opposite directions. The basket trade is cracking.

Republicans, Trump included, have shifted toward ensuring data centers do not drive up voters' power bills...

China is building a financial neighborhood in which physical gold is easier to store, trade and use – while reducing reliance on institutions and payment systems outside its control...

The problem was not that the Fed didn’t hike, but how he communicated...

...following a Marxist-style playbook by scraping copyrighted intellectual property without fair payment, eliminating jobs while externalizing costs onto the public (higher electricity bills, data extraction, subsidies), and enriching themselves through digital imperialism and extraction.

Our strategy remains focused on advancing both capability and efficiency so each generation of intelligence can accomplish more work at a lower cost...

“And after 11 months of giving nearly everything that was asked of us, I am genuinely struggling to understand what else my colleagues across the aisle think it needs before we act.” 

"Hedging escalation with diesel length. Given the extreme tightness in refined products supply, which we think..." 

Wildfires are in the news. With a hot, dry summer it was bound to happen. And, naturally, this is bringing with it talk of climate change...

It got into that zone today...

If you remove forward guidance while simultaneously obscuring the methodology, credibility can deteriorate rather than improve...

Strategy has shifted to developing small, high-speed, low-cost boats in large numbers...

The declaration is only the second national blood crisis in the organization's history, and summer donations are running at their lowest level in four years.

This is a different regime...

Leaves massive crater after fighter jet scrambled...

One chart explains why we're no longer as bearish on Korea. It's not the KOSPI. It's KORU.

The Houthis are considering charging fees on vessels sailing through the Bab el-Mandeb Strait.

Roughly 85% of the April-May leveraged ETF build-up has already been unwound, according to JPM. There are simply far fewer leveraged players left to force-sell on the next downtick.

Shares are lower as "the company cycles past a combination of internal..." 

Liang Wenfeng described intense demand for Nvidia processors, the limits of Huawei substitutes, and access to chips he called 'noncompliant'...