BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up

Trump Says Hormuz To Reopen Friday After Signing Of "Great Peace Deal" With Iran Summary Trump Says Hormuz Chokepoint Reopens Friday Pakistan PM Confirms Peace Deal, with a signing event in Switzerland next Friday Trump Confirms US-Iran Peace Deal "Now Complete" and says "Let The Oil Flow"  Iran's president issues pro-MoU signing statement as Tehran is boasting of great and solid results for its side. There are reports this includes a significant release of billions in its frozen assets in the West. White House still suggesting an electronic MoU deal to be signed with Iran on...

Current State Of Physical AI: Everything You Need To Know Citi's Robotics & Physical AI Leadership Conference wrapped up on Tuesday. The annual Citi Research event brings together robotics founders, investors, operators, and industry executives to assess the state of "physical AI." Analyst Heath Terry summarized the key takeaways Wednesday morning, painting a picture of the robotics industry moving from proof of concept to commercial deployment, while warning that scaling robots remains challenging. "Labor shortages, reshoring, and favorable regulatory tailwinds are accelerating enterprise demand, while data scarcity, talent constraints, battery limitations, and...

Japanese Bonds Crater After PM Takaichi Prepares To Issue Much More Debt To Pay For Gasoline Subsidies While it may seem like every government these days - not just Emerging but certainly all Developing countries too - has become a banana republic in light of the increasingly more idiotic fiscal and monetary policies adopted to kick the can at least until the next election, nobody is quite as cartoonish as Japan, the place where all modern-day central bank experiments started in the late 1980s. While on one hand the Japanese finance ministry...