Israel Strikes World’s Largest Natural Gas Field in Iran

Lowe's CEO Warns Housing Market "Most Difficult" Since Financial Crisis As DIY Project Demand Crumbles Home improvement retailers such as Home Depot and Lowe's warned this week that consumers remain reluctant to splurge on big-ticket home improvement items, as elevated mortgage rates, high home prices, energy inflation, weakening sentiment, and broader macroeconomic uncertainty weigh on demand. Let's begin with Home Depot, which on Wednesday reported mixed first-quarter results. At the same time, management said on the conference call that it is not expecting a "marked improvement in underlying demand." Bernstein analyst Zhihan...

The ink was barely dry on last night’s two week ceasefire with Iran when Israel began what was their largest scale attack on Lebanon since the war began, with IDF spokesman Avichay Adraee saying Israel carried out strikes on over 100 targets in just 10 minutes. Israeli Defense Minister Israel Katz presented it as a […]

Alphabet Raising $80BN In Equity To Fund Capex, Including $40BN ATM Offering And $10BN Deeply Discounted Deal With Berkshire As we have discussed ad nauseam in the past years, perhaps the biggest mystery surrounding the entire AI supercycle, is where will the hyperscalers find the funds to pay for the trillions in projected capital spending now that most of their Free Cash Flow is flat or negative (with the exception of Microsoft). And while many are forced to resort to aggressive debt issuance with Morgan Stanley estimating that credit markets will...