Vance Says Iran Should Take Trump’s Threats ‘Seriously’

Early Returns Show Surprises In California As Other States Wrap Up Update (0030ET): Voters in six states went to the polls today for key primaries. While many races followed expectations, California delivered notable early drama with slow-counting mail ballots still to come. California Governor (Top-Two Primary) The race to replace term-limited Gov. Gavin Newsom remains the biggest story. In a crowded nonpartisan jungle primary, early returns (approx. 45-50% counted) show: Steve Hilton (R) leading at ~26.7% Xavier Becerra (D) close behind at ~25.8% Tom Steyer (D) trailing at ~19.6% Chad Bianco (R) is further back. If trends...

The AI Trade: Now With Less Circle And More Jerk Submitted by QTR's Fringe Finance As if markets didn’t already have enough to worry about heading into the weekend — an escalating conflict involving Iran, growing stress in private credit, and the ongoing annoyance of positive real interest rates — one of the “AI will solve everything, just add capex” deals that everyone in markets have been quietly laughing about while investing in for the past year has officially started to unravel. According to Bloomberg, Oracle Corporation and OpenAI have scrapped plans to expand...