Trump Says He Canceled Attack on Iran After Requests From Gulf Allies

Israel’s escalation of their military operations in southwest Syria, as reported in recent weeks, reached a new level over the past 24 hours when the IDF was reported to have carried out multiple attacks on the Daraa and Quneitra Governorate, firing artillery into the area and sending ground troops into multiple towns in the area […]

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...

Hormuz Traffic At Standstill After US Ship Seizure Confirming the Schrodinger nature of the notorious waterway, the Strait of Hormuz is now just closed even more than before Iran and the US said the vital oil channel had been reopened. Traffic through the strait on Sunday and Monday was reduced to a trickle following a Saturday surge, after Tehran rejected a continuing US naval blockade and moved to seal the waterway again. The reduced movement underscores just how quickly hopes unraveled that cargoes could once again resume. On Friday, Iran’s Foreign...