Alphabet Raising $80BN In Equity To Fund Capex, Including $40BN ATM Offering And $10BN Deeply Discounted Deal With Berkshire

Beige Book: Economic Activity Picked Up In 11 Of 12 Districts; Only San Fran Flat As "Employers Invested In AI" In a modest support of the Fed's recent hawkish pivot, the latest Beige Book released today notes that economic activity across the US improved moderately, increasing at a slight to moderate pace in eleven of twelve Federal Reserve Districts in late May and June, while one District (San Francisco) reported no change. The pace of growth was ever so slightly better than that reported back in June when activity expanded...

Opposite Of Drawdown: US Mulls Expanding Nuclear Weapons Deployments In Europe The White House has been talking about reducing America's military presence across the European continent, amid long-running Trump complaints over lack of NATO burden-sharing. There are even plans to draw down 5,000 US troops from Germany on a permanent basis (though for now it appears thousands are just being moved to Poland). Such a military 'reduction' would be welcomed by Moscow, however, as is usual when Washington signals de-escalation in force posture, the result ends up being the opposite. Washington...

President Trump said on Friday that the US Navy was acting “like pirates” while enforcing the blockade against Iran, comments that affirm Tehran’s characterization of the US military action, which has involved seizing ships and Iranian oil. “We … land on top of it and we took over the ship,” Trump told a crowd of […]