CME Launching Futures Market For AI Compute

Inflation Expectations Jump To 3 Year High As Financial Pessimism Surges: NY Fed Survey Ahead of tomorrow's jobs report which is expected to show a substantial slowdown from last month's 178K surge, moments ago we got another reminder that the stagflationary iceberg remains front and center ahead of the US, after the NY Fed's latest monthly survey of consumer expectations reported that Inflation expectations at the one-year horizon rose again to 3.64% in April from the previous month’s 3.42%, the highest since September 2023. Inflation expectations were unchanged at 3.15% for...

Trump Says "Secret Military Mission" Allowed 200 Ships, 100 Million Barrels To Cross Hormuz Confirming our reported from both a week ago (see "As Gulf States Plan Bypass Pipelines, US Military Is Quietly Helping Ships Cross Hormuz") and this afternoon ("Growing Number Of Oil Tankers Successfully Sneak Through Hormuz, Shrinking Iran's Leverage") moments ago Trump posted on Truth Social that he had "directed our Great U.S. Military to execute a secret mission to support Oil Tankers and other Commercial Ships through the Strait of Hormuz." Of course, the mission wasn't that...

Flesh-Eating Screwworm Detected In Texas, Threatening Already-Strained U.S. Cattle Herd Concerns over the New World screwworm (NWS) have been building for the last 12 months as the deadly cattle parasite spread through Mexico and the Trump administration attempted to prevent its spread into the U.S. Those concerns have now turned into red alerts after the USDA confirmed a single case in Texas, marking the first U.S. detection in years. "A case of NWS may have been detected in South Texas. The sample is now at USDA's National Veterinary Services Laboratories (NVSL)...