Germany's Debt Spiral Warning Ignored As Berlin Doubles Down On Spending

New Trump Peace Plan Outline For Ukraine Emerges Ukrainian media is widely reporting that a key aspect of the US peace proposal heading into agreed-to trilateral talks, likely to come sometime in November, is that Ukraine would permanently abandon its bid to join the NATO alliance and in exchange it would be offered European Union membership. Additionally, a demilitarized zone in the Donbass is envisioned, along with a resumption of Russian gas supplies to Europe and via Nord Stream. The alleged new details in the plan, which haven't been officially confirmed...

Tech Leads Strong Growth Signals From US Services Sector Surveys; But Prices Are Soaring After last weeks impressive moves in Manufacturing survey data (though burdened with the baggage of a surge in Prices Paid), all eyes are on the Services side of the US economy with mixed results expected (S&P up, ISM small down). S&P Global US Services September slightly better than expected (58.8 vs 58.7 exp/flash vs 56.5 prior) - strongest in five years ISM US Services slightly worse than expected (54.9 vs 55.0 exp vs 55.4 prior) Quite a divergence... “September has seen...

Texas Approves AI Data Center Co-Location Next To Wind Farm, With Curtailment Caveats By Marlene Wilden of UtilityDive The Public Utility Commission of Texas last week approved a net metering arrangement for a 260-MW AI data center co-located with a wind farm of approximately the same capacity in a case that could serve as a template for other co-located loads in the Lone Star State. The data center is the second one planned for the site, and the developer had argued it should not be subject to the same curtailment requirements as...