Alcoa Plunges Most In Year After CFO Warns Alumina Unit "Will Be Underwater" Amid Hormuz Disruption

Guns Fall Silent As Trump Says US-Iran Talks On Again, But Insists 'In No Uncertain Terms, Ceasefire Is OVER' The guns have actually been silent in the Middle East overnight, after two days of deadly strikes between the United States and Iran, amid a general return to premarket open headlines of 'peace imminent again' as mediators desperately work to get diplomacy back on track. The White House position is that the ceasefire is over but that Washington has agreed to reengage Tehran in mediated talks. Trump indicates US has agreed to Iran...

'Caution Is Warranted': Ed Dowd Warns Wall Street's AI CapEx Party Is Ending Authored by Ed Dowd via 'Beyond The Narrative' substack, The signs are piling up faster than the hype can spin them. AI capex has been the rocket fuel for markets, but the second derivative is turning. Factors ending the party: Private credit stalled — flows reversing, redemptions surging, industry effectively paused. Enterprise demand cracking — ROI skepticism, token costs biting, data/alpha extraction backlash. Power constraints hitting hard — the grid can’t scale without massive, long lead time builds or dystopian reallocation. Open-source pressure — Chinese based...

DoW Finalizes Deal With Top AI Firms For National Security Work The Department of War has finalized agreements with OpenAI, Google, SpaceX/xAI, Microsoft, Amazon, Nvidia, and Reflection AI to deploy AI tools in "classified settings." This means these tools will operate within secure government networks where sensitive or secret national security information is handled, according to The Wall Street Journal. Anthropic's Claude had previously been one of the few AI tools available on Palantir's Maven platform. However, after the DoW labeled Anthropic a supply chain risk, the department pushed to broaden...