CNN 'Expert' Says Iranian Suicide Dolphins Going After US Ships

Nasdaq Tumbles After FT Reports OpenAI Revenues Disappointing ...and just like that, the massive AI CapEx boom "excess demand" narrative is in doubt... The Financial Times reports that OpenAI’s annualised revenue is about $20bn less than has been previously signalled, according to financial documents shared with investors, a massive gap likely to damp optimism about the growth of AI demand. The company has recently told investors its revenues were approaching $50bn on an annualized basis at the end of September, far short of the $70bn reported by the FT and other media outlets...

Turkey is sending air defenses, drone operators, and other military and technical support to Saudi Arabia. Two officials told Reuters on Wednesday that Turkey had made the decision to begin sending arms to Saudi Arabia. A US official who was briefed on the matter said that Turkey will limit its aid to technical support and […]

Beer Demand Goes Flat As Even Alcoholics Pull Back With Gas Above $4 Beer sales across the U.S. over Memorial Day weekend were troublingly soft, according to a new Goldman report, which attributed the weakness primarily to a "challenging macro backdrop" and unusually cold weather across parts of the Lower 48 states. The Gulf-related fuel price shock has kept the national average for 87-octane gasoline above the politically sensitive $4-per-gallon threshold for more than 66 days, or roughly two months. Consumers are already pulling back on purchases at gas stations and...