Trevor Milton Is Back And Wants To Produce AI Powered "Fully Autonomous Corporate Jets"

US Embassies Across Mideast Are Permanently Reassigning Personnel  It is not just America's military bases in the Middle East which have been greatly reduced in terms of personnel or in some cases completely abandoned altogether due to the Iran war, but US Embassies in the region have also suffered forced downgrades of staff. Iran's retaliation on US locations and assets across the region was much bigger and more effective than US planners apparently expected, and this could have lasting impact on how US military and diplomatic deployments operate in the region. In...

China Economic Growth 'Downside Risk' Looms; Goldman Warns After July Macro-Miss-Fest China’s July activity data weakened from June, missing market expectations across the board, and signaling a soft start to Q3 amid continued divergence between resilient exports and subdued domestic demand. Originally slated for publication late last night (US time), the data release was delayed for five hours after the statistics agency revised its schedule in a break with recent practice. Industrial production (IP) growth slowed to 4.5% yoy in July from 5.3% yoy in June, reflecting slower export growth and...

A Perfect Storm - Where Are The Umbrellas? By Michael Every of Rabobank As the Wall Street Journal puts it today, ‘A perfect storm is raging in the bond market’ as US 10-year yields are at 5.11% vs. 4.93% at yesterday’s close, the largest one-day rise since 2025’s “liberation day”; Canada’s are at 3.95% vs. 3.83%; the UK’s 5.35% vs. 5.20%; Australia’s 5.38% vs. 5.25%; Germany’s 3.55% vs. 3.46%; France’s 4.66% vs. 4.50%, and Japan’s 3.05% vs. 2.98%. You can blame some of that on yesterday’s data, where the Eurozone services PMI...