The Silicon Valley Bank collapse wasn’t unique, it was just first

NY Gov. Kathy Hochul Kills Plan To Allow Robotaxi Operations Outside NYC New York Governor Kathy Hochul has withdrawn a proposal that would allow commercial robotaxi pilot operations outside New York City limits without a human safety operator in the vehicle. The decision was first reported by Bloomberg News earlier Thursday and is a major setback for Waymo as it attempts a rapid US expansion this year. Bloomberg reported: The proposal, which Hochul had included in a policy preview she presented last month, would have allowed autonomous-vehicle companies such as Waymo...

Services ISM Smashes Estimates, Prints At 56.1 Highest Since 2022, As Prices Paid Tumble After the Manufacturing ISM print earlier this week came modestly stronger than expected (albeit with the Prices Paid component spiking and sending 10Y yields higher), some were expecting a similar improvement in today's Services ISM print. What they got instead, was a blowout number, and one suggesting that whatever weakness the US economy was in for much of the latter part of 2025, is now over. At 10:00am ET, the ISM Services print came out at 56.1,...

Aircraft Carrier Strike Group To Leave Middle East, Reducing Footprint Amid Iran War Currently there are three American aircraft carrier groups in Middle East waters and near Iran in the context of Operation Epic Fury. By comparison, at the height of the Bush-ordered US invasion of Iraq in 2003, there were six total carrier groups - which were responsible for most of the large tomahawk missile strikes on Baghdad.  Amid the current extended ceasefire between the US and Iran (and including Israel), there are indicators that Washington is not preparing for...