US B-2 Bombers Belatedly Authorized To Use British Bases To Hit Deep Inside Iran

First Major Weather Organization Declares El Nino Onset As Food Inflation Risks Intensify For months, we have warned readers that the probability of El Niño formation was rising, with downstream risks across critical agricultural growing belts. That forecast has now moved from a risk scenario to reality, as the first major weather body has formally declared the onset of this warming pattern in the equatorial Pacific, threatening to disrupt rainfall, temperatures, crop yields, power demand, and commodity flows into year-end. Bloomberg commodity expert Javier Blas wrote on X, "The Japanese...

US Ambassador To UN Threatens Iran Counterpart: 'Better Watch Himself In New York City' Trump's Ambassador to the United Nations Mike Waltz has issued a veiled threat to his Iranian counterpart, and the clip is going viral, which is likely to further delay the potential for any talks toward halting the war - which at this point still seem non-existent. The spat first erupted Sunday, when Waltz ripped into Iran's UN Ambassador Amir-Saeid Iravani, coming just a day after Operation Epic Fury started and the bombs were unleashed on Tehran. Screengrab via The Australian Walz...

Nvidia Supplier Hon Hai Sales Beat As Continued AI Demand Offsets Consumer Electronics Decline Nvidia’s server assembly partner Hon Hai Precision Industry reported a bigger-than-expected 40% jump in quarterly sales and said AI demand is growing further, according to Bloomberg.  Hon Hai’s revenue grew to NT$2.51 trillion ($79 billion) in the three months to June, beating the average of analyst estimates of NT$2.37 trillion. Demand for AI-related products drove sales, compensating for a slight decline in demand from consumer electronics and computing products, where soaring memory prices have resulted in widespread...