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Meet Britain's New Cabinet Of Fakers, Fraudsters And Hangers-On Authored by Bruce Newsome The New Nuisance, Britons are struggling to characterize their new Cabinet, following the arrival of a new prime minister on Monday. The Cabinet is not as northern or female as Andy Burnham signaled. Most members have certainly changed. Most are not loyalists to Keir Starmer, even less so to Tony Blair. Like Burnham, many hark back to a mythical golden age of socialism in the 1970s. Like him, most are alarmingly deficient in popular mandate, external qualifications, and...

Nvidia CEO Urges Super Micro To "Enhance Compliance" Amid AI Chip-Smuggling Probe In a rare public comment that Nvidia is growing more sensitive to downstream risk, CEO Jensen Huang was quoted by Bloomberg News as saying Super Micro Computer must strengthen internal compliance controls after Taiwanese authorities detained three people accused of smuggling banned AI chips to China.   "Ultimately, Super Micro has to run its own company," Huang told reporters on Saturday in response to the chip smuggling scheme. "I hope that they will enhance and improve their regulation compliance...

Stellar 10Y Auction Stops Through Thanks To Surge In Foreign Demand After yesterday's mediocre 3Y auction, moments ago the Treasury held a stellar 10Y reopening (of cusip QQ7).  The sale of $39 billion in 9 Year-11 Month paper priced at a high yield of 4.538%, up from 4.468% last month, and 0.1bp through the 4.539% When Issued. This was the first stop through following 4 sequential tails for the tenor. The bid to cover rose from 2.402 to 2.565, well above the six-auction average and the highest since Sept 25. Internals were impressive:...