US Southern Command Says Two Killed in Boat Strike in the Eastern Pacific Ocean

Nvidia To Raise $20BN In Debt From First Bond Sale Since 2021, As AI Debt Frenzy Goes Parabolic Over the weekend, we published a length report analyzing what we dubbed "the $1.8 trillion off-balance sheet time bomb at the heart of the AI supercycle",  which focused on the recent surge in popularity of off-balance sheet SPVs, as well as $1 trillion in long-term purchase commitments, and $800bn in lease commitments, which support the AI buildout, and do so by masking the true funding costs of the AI buildout, yet which...

Key Events This Week: Warsh Nomination Hearing, Retail Sales, Fed Blackout, Earnings As the war in Iran enters its 8th week, Deutsche Bank's Jim Reid says that recent developments can be framed in two ways: either five steps forward towards peace and three back (seems more apt than three and two), or as evidence that the two sides remain far enough apart that a lasting deal will be extremely hard to achieve and markets have become far too optimistic. Reid leans more towards the former, but the comparison with recent history...

Putin Urges Immediate Yemen Ceasefire In Call With Saudi Crown Prince Russian President Vladimir Putin held a Monday telephone conversation with Saudi Crown Prince Mohammed bin Salman (who is also the prime minister) - wherein the two leaders focused on broad bilateral issues. Referring to the "Saudi National Day", a TASS readout indicates "The Russian leader congratulated the Saudi Crown Prince on the upcoming national holiday - the day marking the founding of Saudi Arabia - noting that a century ago, the Soviet Union was the first foreign nation to recognize...