The US May Have Shot Down a Small Hobby Balloon With a Sidewinder Missile

Core US Factory Orders Better Than Expected In December While sentiment is sagging to multi-year lows, 'hard' data is helping support growth forecasts (GDPNOW) and holding stocks at record highs. This morning we get a fresh glimpse at America's manufacturing segment - hard data - with Orders data (which is expected to drop MoM in December). After surging higher in November (+2.7% MoM), analysts expected US Factory Orders to drop 0.6% MoM in December but the actual print disappointed, dropping 0.7% MoM Source: Bloomberg Interestingly, Core Factory Orders rose 0.4% MoM - better than...

"We Are Deeply Saddened": OnlyFans Owner Leonid Radvinsky Dead At 43 The billionaire owner of adult content platform OnlyFans has died after a long battle with cancer, according to Bloomberg, citing a statement from the company. Leonid Radvinsky died at the age of 43, according to the company, which added, "We are deeply saddened to announce the death of Leo Radvinsky. He passed away peacefully after a long battle with cancer." Radvinsky's death raises new questions about the platform's future ownership, especially since he reportedly placed his majority stake in a trust...

Democrats Flip Trump's Mar-a-Lago District In Florida Special Election Upset Democrats flipped a reliably red Florida state House seat that includes President Donald Trump’s Mar-a-Lago estate on Tuesday, scoring a narrow but symbolically significant victory in a special election that drew national attention. Democrat Emily Gregory defeated Trump-endorsed Republican Jon Maples in House District 87 by just over 2 percentage points, according to unofficial results. The win marks an approximately 11-point swing toward Democrats compared to the 2024 performance in the Palm Beach County district. Gregory, a first-time candidate who runs a...