"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To Covid Highs

US Services Surveys Signal Surging Prices, Mixed Growth Following the dramatically better than expected rise in US Manufacturing PMI surveys, analysts expected stability in the Services side of the economy in May. They were somewhat correct but the message was mixed with one survey improving while the other deteriorated... S&P Global US Services PMI dropped from 51.0 (April) to 50.9 (flash May) to 50.7 (final May) - dropping back towards March lows. ISM US Services PMI rose from 53.6 to 54.5 (better than 53.8 exp) Source: Bloomberg Under the hood, both surveys signaled rising prices...

Oracle Joins Growing List Of AI Firms Supporting Pentagon National Security Work Summary: Oracle Joins the growing list  OpenAI, Google, SpaceX/xAI, Microsoft, Amazon, Nvidia, and Reflection AI to deploy AI tools in "classified settings" at the Department of War Oracle Added  Department of War CTO posted on X that Oracle has officially joined the list of AI companies deploying AI tools to America's warfighters.  BREAKING: Following this morning’s announcement, the @DeptofWar is announcing that Oracle has officially agreed to join the list of AI companies deploying frontier capabilities on the Department’s classified networks. https://t.co/99nfrwXCzg pic.twitter.com/WwoA2aLJui — Department...

The Pentagon has spent months positioning warships and weapons in place for an attack on Cuba and is ready to go if President Trump gives the order, POLITICO reported on Wednesday. The report noted that the US doesn’t have quite the number of warships it had deployed in the Caribbean before the attack on Venezuela, […]