Chinese Containership Is First To Pay Iran For "Safe Passage" Through Strait As Iraqi Tanker Crosses With Signal Off

Futures Flat Ahead Of Fed, Mag 7 Earnings Avalanche S&P futures are flat with Nasdaq outperforming ahead of a huge day for tech. Alphabet, Amazon, Meta and Microsoft, representing nearly 20% of S&P market cap, report after the close, with traders focused on capex. The group has a combined options implied move of more than $750 billion of market cap in either direction. As of 8:00am ET, S&P futures are unchanged; Nasdaq futures rise 0.3% amid dip buying following strong results from Seagate, after the index slipped more than 1% in...

Musk, Altman Court Battle Commences Over The Future Of OpenAI Authored by Beige Luciano-Adams via The Epoch Times, A contentious battle years in the making between Tesla owner Elon Musk and OpenAI CEO Sam Altman begins this week before a federal court in Oakland, California, where nine jurors will be asked to decide whether Altman and others betrayed OpenAI’s founding mission as a nonprofit artificial intelligence (AI) lab dedicated to the public good. The outcome could have a profound impact, not just for OpenAI—the creator of ChatGPT, currently valued at $852 billion...

Nvidia To Raise $20BN In Debt From First Bond Sale Since 2021, As AI Debt Frenzy Goes Parabolic Over the weekend, we published a length report analyzing what we dubbed "the $1.8 trillion off-balance sheet time bomb at the heart of the AI supercycle",  which focused on the recent surge in popularity of off-balance sheet SPVs, as well as $1 trillion in long-term purchase commitments, and $800bn in lease commitments, which support the AI buildout, and do so by masking the true funding costs of the AI buildout, yet which...