"Door Of Doom" Looms As 30 Year Yield Soars To 19 Year High After Two Huge Treasury Block Sales

Dallas Airport Shelves Muslim Washing Facilities After Texas Governor Threatens Airport Funding Authored by Jeremy Lott via The Epoch Times, The Dallas Fort Worth (DFW) International Airport was mulling the installation of special washing rooms to facilitate prayers by its Muslim passengers. A DFW spokesman told The Epoch Times Saturday that the airport has shelved those plans after objections by the governor of Texas. The airport was “in the process of evaluating an internal proposal to add a set of ablution washing stations on the pre-security side of Terminal D” for international...

Meta Plunges After Boosting Capex Outlook Again On "Higher Component Pricing" The last of the giga-caps to report today, the increasingly more misnamed Meta Platforms, had some good news to report for the just completed Q1. It also had bad news, and judging by the plunge in the stock price, the market is focusing on the latter.  First, the good news: the company reported revenue and EPS both of which beat estimates, and guided Q2 revenues which came in roughly in line with estimates. Here is the breakdown.  EPS $10.44 vs. $6.43...

662 Billion Reasons To Worry: Moody's Raises AI Data-Center Funding Fears As Apollo Shops Huge Anthropic Debt Deal Unless you have lived under a rock for the last year (or month), you will know that the explosive growth of artificial intelligence is fueling a massive infrastructure buildout. In a chart book published nearly simultaneously with Moody’s report, Apollo Global Management chief economist Torsten Slok worked to put the enormity of data center spending into perspective. With total capital expenditure on data centers estimated at roughly $646 billion, or about 2% of U.S. GDP, Slok noted that is...