Half-Way Into Fiscal 2026, US Budget Deficit Is 11% Lower Than 2025, But It's About To Get Much Worse

Google In Talks With Department Of War To Deploy Gemini AI In Classified Settings The Information, citing multiple people familiar with the discussions, reports that Google is now negotiating with the Department of War on an agreement that would allow Gemini AI models to be deployed in classified settings. This development suggests the DoW is moving very quickly to broaden the use of frontier models for military and intelligence purposes after the Anthropic fiasco. The agreement under discussion would permit the DoW to deploy Gemini for lawful uses, signaling what can...

Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports Yesterday when discussing China's unexpected flip-flopping on its decision to order local banks to ignore the latest US sanctions on Chinese, followed days later by a demand that they pause loans to sanctions refiners, we highlighted something remarkable: in the aftermath of the Strait of Hormuz blockade, which throttled the transit of ~10% of global oil and sent physical prices soaring to record highs (especially for Dubai crude), resulting in a windfall for European refiners thanks...