PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States

NATO Jets Shoot Down Drone Over Latvia, Which Blames 'Russian Electromagnetic Warfare' NATO jets have shot down another drone which spilled over into Baltic territory from the Ukraine war, Latvia's defense ministry announced Friday. The fresh incident happened over eastern Latvian airspace on Friday. NATO "fighter jets have successfully shot down a foreign unmanned aerial vehicle that had entered Latvia as a result of Russian electromagnetic warfare," the ministry stated on X.  via AFP "The drone was destroyed over the Balvi region by aircraft taking part in NATO’s Baltic Air patrol mission," CNBC wrote based...

Rickards: The Real In AI Is Not 'Super-Intelligence', It's China Authored by James Rickards via The Daily Reckoning, It's past time to look beyond the AI hype. The stock valuations of the leading hyperscalers and frontier AI modeling companies are almost certainly in bubble territory. But the market will sort that out in time. We all know the names of the AI stocks whether from the hardware, software or compute vectors - Apple, Microsoft, Meta, Google (Alphabet), Amazon, OpenAI, Anthropic, NVIDIA and a few others. Some of these names have valuable core businesses...