Did Bill Maher Just Kill Gavin Newsom's 2028 Dreams?

"Huge Shock": China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows China launched an unprecedented campaign against illegal cross-border trading to stem capital outflows, threatening severe penalties against brokers and ordering non-compliant accounts to be liquidated within two years, sparking a brutal selloff in three popular brokerages. As Bloomberg reports, the pushback came after the onshore markets closed Friday when eight regulators issued a joint statement vowing a campaign against these trades, sending US-listed Chinese stocks tumbling. The securities regulator said it planned to penalize brokerages Futu Holdings, Tiger Brokers...

Futures Flat Despite Blowout Nvidia Earnings US equity futures managed to erase overnight losses and were trading flat after Nvidia and Salesforce failed to assuage fears about an overheated AI economy while traders awaited color from today's round of US / Iran talks. As of 8:00am S&P futures were unchanged and nasdaq futures were down 0.1%, with NVDA up 1% premarket but well off overnight highs after its earnings report and guidance smashed expectations while CEO Jensen Huang talked about “exponentially” growing computing demand and “skyrocketing” adoption of AI agents. It wasn’t enough, especially...

"Resurgence Of Electrification": Goldman Says EV Demand Gaining Momentum Amid Fuel Price Shock There were early signs during the third week of the U.S.-Iran conflict that EV demand was gaining traction in Asia, where the energy shock has been felt the hardest. That was followed by a separate note earlier this month confirming that EV demand was beginning to reaccelerate. Now, Goldman analysts led by Kota Yuzawa see global EV demand gaining momentum after several years of muted demand, as the fuel-price shock at the pump pushes consumers back toward EVs. Yuzawa...