"When he has been pardoned, he may not stand upon his privilege..."

This is the second biggest cocaine seizure this year in the Southern District of California.

Apple and Amazon saw mixed fortunes after hours, with the former dropping amid weaker-than-expected Greater China sales and Q4 rev. guidance.

Reeeee!

U.S. District Judge David Hittner cited a 2023 Supreme Court affirmative action precedent in his municipal program ruling.

Apple was priced to perfection. Earnings were anything but. 

And yet...

The Democratic campaign committee added five more seats to its program, with midterm elections less than 100 days away.

Having collapsed to its weakest relative to the dollar in 40 years...

The market is focusing on the positives for now. 

US conducts fresh strikes against Iran, Iran says will "punish aggressors today"; Pakistani Foreign Ministry Spokesperson says discussions between Tehran and Washington are ongoing; US Q2 GDP Adv revised lower though investment remains strong; PCE June largely matched expectations, Core PCE M/M slightly soft; US initial claims rose, continued claims fell; MSFT smashes earnings expectations; META profit miss, concerns remain over FCF and spend; Japanese PM will keep market trust by not resorting to debt issuance to fund temporary tax cuts; JPY intervention speculation looms ahead of BoJ rate decision; BoE holds as expected; OpenAI cuts price of GPT-5.6 Luna by 80% and GPT-5.6 Terra by 20%.

“This is a cyber threat aimed at the very heart of our democracy...”

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..."