Oracle's Dubai Data Center Reportedly Hit As Iran Expands Attack On AI Infrastructure

Reports of food shortages on naval ships deployed to the Middle East. Video footage of disabled military veterans—some in wheelchairs, others leaning on canes—being zip-tied and dragged out of the Capitol Rotunda for staging a peaceful, anti-war protest. Sixty-six veterans were arrested while conducting a flag-folding ceremony in recognition of the 13 military servicemembers who have died so far […]

Average 2Y Auction Is A Big Improvement From Last Month's Debale In today's first of two coupon auctions (due to the week's truncated schedule as the Fed is on Wednesday), the US Treasury sold $69BN in 2 year paper in a mediocre auction, yet one which was notably stronger than last month's issuance. The sale stopped at a high yield of 3.812%, down from last month's 3.936% and tailing the When Issued 3.811% by 0.1bps. This however was a big improvement from last month's 1.8bps tail, which was the biggest since...

Ozempic Slims America... And It's Lightening Truckers' Loads! Via Freightwaves.com, The freight market is no stranger to disruptive forces - tariffs, recessions, weather, economic fluctuations, and capacity crunches have all reshaped freight demand over the years. But a new contender is emerging from an unexpected corner: the widespread adoption of GLP-1 medications (think Ozempic, Wegovy, Mounjaro, and similar GLP-1 receptor agonists). These drugs, originally developed for diabetes management and now massively popular for weight loss, suppress appetite and reduce overall caloric intake. Early estimates suggest that even at current penetration levels — roughly 12%...