SpaceX Erupts In After Hours Trading, Soaring Above $210 And Surpassing Apple's Market Cap

Lockheed Unveils Move Towards Cheaper Patriot Missiles As Interceptor Stockpiles Dwindle With US-Iran tit-for-tat strikes on their ninth day and the Russia-Ukraine war grinding on in Eastern Europe, US inventories of certain air-delivered munitions are being depleted. This has made the rapid procurement of lower-cost missiles and bombs a top priority for the Trump administration. The Wall Street Journal reports that defense giant Lockheed Martin is planning a low-cost version of the Patriot interceptor missile that will cost less than half as much as the current version. The PAC-3 Adapted...

Anthropic's AI Warning To Weigh On Stocks As Contracts Traded On Hyperliquid Slide Coordinated calls by the top AI execs, including Dario Amodei, Sam Altman and even Elon Musk, to slow development of the technology are likely to weigh on chipmaker and supply-chain stocks in the near term, Bloomberg reports, but will probably have limited long-term impact as spending on computing infrastructure remains strong, market watchers say, at least until the bond market cracks and credits refuse to fund the ROIC-free black hole that is the AI capex tsunami. Semiconductor makers...

Tailing 30Y Auction Prices At Highest Yield In 25 Years After yesterday's ugly 10Y auction, moments ago we got the last of the week's refunding auctions, when the Treasury sold $25BN in 30Y paper (the same paper that has seen yield shoot up in the past week, ever since Warsh's most recent FOMC meeting in which he left the long-end hang out to dry), and just like the 10Y auction before it, this one was also rather deplorable. Pricing at a high yield of 5.216%, the auction tailed the When Issued...