PODCAST: DHP Villains: Woodrow Wilson, Part 10

US Futures Resume Rally As Iran Optimism Returns The optimism that helped list the S&P on 11 of the prior 12 days, and the Nasdaq on 13 consecutive days until Monday's modest pullback, is back - because one can apparently draw the same exact event for 3 weeks now - and sending US equity futures higher again on signs that Iran will attend talks with the US, while the US president said it’s “highly unlikely” that he’d extend the truce. As of 8:00am, S&P 500 futures rose 0.4%, rebounding from Monday’s...

Visualizing Data Center Power Surge Before White House Meets With Big Tech Ahead of tomorrow's White House meeting, where representatives from Amazon, Google, Meta, Microsoft, xAI, Oracle, and OpenAI are expected to pledge that their data-center buildouts will not drive higher power bills for households near those facilities, UBS analyst Arend Kapteyn has published a new note featuring a chart of the day that visualizes the rapid growth in data center power demand on the grid. After staying mostly flat for years, data center electricity demand has been surging since 2017,...

$25 Billion: Hegseth Accused Of Lowballing Cost Of Iran War Pentagon chief Pete Hegseth has been in a very public spat and back-and-forth with Congressional Democrats over the Trump administration's $1.5 trillion Pentagon budget request, as well as over Iran war strategy and mounting costs. Hegseth has turned to some classic wartime fearmongering: "What is it worth to ensure that Iran never gets a nuclear weapon?" - he posed to members of Congress when pressed in a hearing. Hegseth called the "reckless, feckless, and defeatist words of congressional Democrats" the United States' greatest...