Yen Tumbles After Japan's PM Voices Concerns About Further Rate Hikes To BOJ

US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022 One week ago we lamented that the record oil inventory drawdown, which has seen over 250 million barrels drained from storage since the start of the war, has not led to higher oil prices (for those who missed it, Goldman forecast that global visible oil inventories are likely to reach record-low levels even in an optimistic scenario where Hormuz flows start to recover by the end of April). Moments ago the already precarious inventory picture...

China Tests World's Heaviest 7-Ton Cargo Drone With 1,850-Mile Range For Recon Ops Authored by Aamir Khollam via Interesting Engineering, China has pushed further into heavy unmanned aviation with the first flight of the Changying-8 (CY-8), which it claims is the world’s heaviest cargo drone. China's Changying-8 (CY-8) cargo drone. The aircraft combines high payload capacity with short-runway performance, targeting logistics operations across remote, high-altitude, and island regions. The newly tested Changying-8 (CY-8) blends high payload capacity with short runway performance, signaling a push toward flexible, all-terrain aerial supply systems. The aircraft completed its first...

Giant Data Center Developer Fermi Crashes 22% After CEO, CFO Abruptly Quit Last November, we warned that storms clouds were gathering over the torrid, and in some cases chaotic, rollout of US data centers, after Fermi's massive 11 GW energy and data center project in Texas, called Project Matador, which the company has envisioned to be the world's largest AI data center and energy campus in the Texas Panhandle, near Amarillo, was struggling to close the deal with its first major data center tenant (and since Fermi is set up as...