US Launches Its 63rd Airstrike of the Year in Somalia

Iran said a deal with Oman that would establish a new mechanism for ships transiting the Strait of Hormuz is nearly complete.  “The geographic coordinates of the route envisioned by both sides have been agreed upon,” the spokesman for Iran’s foreign ministry, Esmail Baghaei, explained. “If certain third parties do not obstruct the process, a […]

MSFT Spikes After Leaving CapEx Outlook Unchanged Update (1800ET): As this evening's conference call went on, we finally got to the meat of the matter as Microsoft kept its CapEx forecast unchanged on Wednesday, ...becoming one of the first hyperscalers to hold the line on the market's insatiable AI spending spree. Against expectations to spend $190 billion on capital expenditures this calendar year, Microsoft tonight maintained this spending outlook (due to an accounting change, this CapEx guidance is now $175 billion, but, in reality, Microsoft is keeping its AI capex plan the same...

White House Reaches Tentative Crypto Regulatory Agreement: Report Authored by Micah Zimmerman via BitcoinMagazine.com, Key senators and the White House have reached a tentative agreement on cryptocurrency legislation aimed at resolving a dispute between banks and digital asset firms over stablecoin yields, according to Politico reporting. The move could clear the way for a landmark crypto regulatory bill stalled in the Senate Banking Committee since January. Sen. Thom Tillis (R-N.C.) and Sen. Angela Alsobrooks (D-Md.) said Friday they have an “agreement in principle” on language intended to balance innovation with financial stability. The legislation...