Europe's Rooftop Solar Orders Triple As Gas Prices Surge

Kimi, Crude, & Carney: Rabobank Sums Up The Geopolitical Chaos Authored by Molly Schwartz, Rabobank cross-asset macro strategist, Trading Playbooks The advancement of one of China’s AI models, Kimi, has sharpened attention on the latest US plans to counter China’s growing AI challenge. Kimi is reportedly more powerful than several US flagship models, though not yet as powerful what lies on the frontier. However, Kimi operates at a fraction of the cost per token. That cost advantage raises the competitive threat to US AI leadership more broadly, including for other leading firms...

The US Treasury Department has relaxed its sanctions on Venezuela’s oil sector, allowing American companies to engage in certain transactions with the country’s state-owned energy firm. In a general license issued on Wednesday, the Treasury outlined broad exemptions for the US oil sanctions, which had prohibited most trade with Caracas’s state-run oil company, Petróleos de […]

Lockheed Fast-Tracks Secretive AIM-260 Missile As Pentagon Pushes To Expand Production Lockheed Martin has signed a framework agreement with the Pentagon to accelerate production and delivery of the AIM-260 Joint Advanced Tactical Missile, bringing a closely guarded air-to-air weapons program further into public view. The announcement Thursday sets the foundation for a multiyear procurement contract, which remains subject to congressional approval. The company says the missile offers greater range and effectiveness than existing air-to-air weapons and is compatible with aircraft including the F-22 Raptor and F-35 Lightning II. It did not...