Hegseth: Hormuz Blockade Stays "As Long As It Takes" - Ships Now Fair Game For Search & Seizure

New York Becomes First State To Enact One Year Ban On New Data Centers The blowback against data centers escalated this morning, when New York became first state in the nation to enact a moratorium on data centers, pausing construction on new facilities for one year. An executive order by Gov. Kathy Hochul bans state lawmakers from approving environmental permits for hyperscale data centers. Hochul said Tuesday the pause will give lawmakers time to create a framework to protect residents and the environment.  "Massive data centers are being built across our state and...

Futures Flat Ahead Of Massive $7 Trillion Quad-Witching As Yields Resume Rise US stock futures are little changed on Friday, with big tech stocks rising while sentiment is supported by another modest decline in oil prices; a near-record $7 trillion quad-witching and index rebalances add to Friday's set-up. US tariff-delay hopes, a flattening US curve and softer diesel and WTI prices ease inflation concerns, while AI bulls are back in charge. As of 8:00am ET, S&P 500 futures rose 0.1% to 7,713.25, erasing modest gains, while Nasdaq futures rise 0.3% as the market...

Central Banks Cannot Fix The Sovereign Debt Bubble Authored by Daniel Lacalle via dlacalle.com, Global investors spend a great deal of time worrying about an alleged artificial intelligence bubble. However, they should pay more attention to the government debt bubble. The most dangerous assumption is that governments can keep borrowing and making promises because central banks will always step in, disguising fiscal irresponsibility with quantitative easing programs. Many market participants hail debt accumulation and expanding government size in the economy because they believe it will create asset inflation forever. However, encouraging...