PODCAST: Why This Recession is Different

Iranian Supreme Leader Ayatollah Mojtaba Khamenei said in a statement on Thursday that the future of the Persian Gulf is without a US presence and vowed that Tehran would set “new legal frameworks” for the Strait of Hormuz. The statement, which commemorated Iran’s Persian Gulf National Day, was issued through Iranian media as Khamenei has […]

Did META Just Hint At Cracks In the AI CapEx Boom? If you're wondering why the Nasdaq is suddenly tumbling this morning, wonder no more... Nasdaq moves lower after Meta announces it is to build a cloud business to sell its excess AI compute, weighing on cloud peers like AMZN, ORCL, MSFT and chip and memory names like NVDA, MU, INTO. As Bloomberg reports: Meta, which has been rushing to secure expensive data centers and other infrastructure to fuel its own artificial intelligence ambitions, is forming a business to generate revenue from...

Iran Boasts It Is Fast Rebuilding Bridges & Rail Lines After US Wrought Destruction Iran is seeking to put out images showing its resiliency after the country was hit with tens of thousands of airstrikes during over a month of the US-Israel Operation Epic Fury, including blowing up bridges, rail lines and other infrastructure. The US and Israel struck bridges and rail lines to cripple Iran's national transport network. Israel especially adopted attacks against key civilian infrastructure as a battle tactic, in hopes that eventually there would be a groundswell of...