US Pulling Large Chunk Of Jets, Refueling Tankers From NATO Defense, Realigning Further East

Beijing Readies $297 Billion Data Center Buildout Blitz In Bid To Dominate AI Race The US and China are locked in a series of races, with AI now sitting at the center of nearly all of them. This is a race not only to build the leading frontier models, but to deploy them across entire economies, unleash physical AI, and convert compute power into productivity, surveillance, military, and industrial advantage ahead of the 2030s. This is the new world we are entering, and it is moving incredibly fast. The...

Oil Tanker Makes Red Sea U-Turn After Houthi Threats, Reroutes Around Africa In Costly Transit ING's Singapore-based head of commodities, Warren Patterson, was asked during a recent webinar what it would take for Brent crude to exceed $120 a barrel. His answer was "not much," warning that prices could soar well into triple-digit territory if the Strait of Hormuz remains blocked through August and threats to Red Sea shipping intensify. Patterson's warning about disruptions at the Strait of Hormuz and the Bab el-Mandeb Strait echoes concerns voiced across commodity desks...

The BoJ And The Fed Just Made Gold Obvious Authored by Matthew Piepenburg via VonGreyerz.gold, Between the market’s reaction to Warsh’s recent no-rate-hike announcement and the current disaster unfolding with the Japanese yen, the set-up for near-term “Uh-Oh” in stocks and bonds in general–and the longer-term wisdom in precious metals in particular– couldn’t be more obvious. Stick to the Essential Antoine de St. Exupery famously (and wisely) wrote that the “essential is invisible.” In philosophical matters pertaining to the art of living, this phrase has great depth. But in matters pertaining to market risk and...