It's Not Iran Trapping Ships In The Hormuz, It's The Insurance Risk

Leaked Meta Memo Shows AI Capacity Doubling To 14 Gigawatts Meta shares fell 4.3% at Thursday's open after Reuters reported the contents of an internal memo laying out the next phase of the company's AI infrastructure program. The stock has clawed back part of the loss through the morning but stayed solidly red while the tape digested the same question it has been chewing on for nine days: is Meta the hyperscaler that just started exercising capex discipline, or the one that just committed to doubling? Three things to note from today's...

US Adult Cigarette Smoking Rate Hits Another All-Time Low Via Headline USA, The cigarette smoking rate among U.S. adults dropped to another all-time low last year, with 1 in 11 adults saying they were current smokers, according to government survey data released this week. Cigarette smoking is a risk factor for lung cancer, heart disease and stroke, and it’s long been considered the leading cause of preventable death. The preliminary findings from the Centers for Disease Control and Prevention were based on survey responses from more than 24,200 adults. In the survey, CDC officials defined current...

Colonial Restarts Largest U.S. Gasoline Pipeline After Georgia Damage Summary: Colonial Pipeline's Line 1 flows were restored after the damaged section was repaired in Georgia. Colonial Pipeline's Line 1 halted operations on Thursday night after a third-party work crew caused damage in Paulding County, Georgia. Colonial Pipeline's Line 1 Flows Restart   The good news for U.S. East Coast drivers is that Colonial Pipeline's Line 1 did not suffer a prolonged shutdown. Flows on the nation's largest gasoline pipeline, which runs from Texas to New York, resumed within hours after a third-party work crew damaged...