Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls

Collateral Damage By Molly Schwartz, Cross-ASset Macro Strategist at Rabobank Negotiations between the US and Iran are going nowhere. In fact, they’re not really even happening at all. Over the weekend, Axios reported that Iran gave the US a proposal to reopen the Strait — not to end the war. The proposal includes extending the ceasefire and an assertion that any conversations about Iran’s nuclear program are off the table until the Strait is open and the US blockade is lifted. The US has not indicated whether it will accept or reject the...

Intel Jumps On Report Google Placed 3 Million TPU Foundry Order After last week's sharp sell-off in chip stocks, the latest attempt to keep the AI bubble inflated comes from a report by The Information, which says Google has placed an order with Intel to manufacture more than 3 million Tensor Processing Units in 2028. Google's TPU order with Intel is a big win for the struggling chip foundry as it tries to rebuild its empire in advanced chip production and compete with Taiwan Semiconductor Manufacturing Company (TSMC). The Information's Qianer Liu...

The US military has lost around 24 MQ-9 Reaper drones since the US and Israel launched the war against Iran on February 28, CBS News has reported, citing unnamed US officials. MQ-9 Reapers cost at least $30 million each, meaning the US has lost at least $720 million worth of drones. Officials told CBS that […]