SpaceX Builds A Regulatory Moat Around Its Starlink Empire

10Y Yield Extends Rise After Surge In ISM Manufacturing Prices After ISM's almost unprecedented bounce higher in January, US Manufacturing dipped in February: S&P Global Manufacturing PMI fell from 52.4 to 51.6 - weakest in seven months ISM Manufacturing PMI fell from 52.6 to 52.4 (better than expected) And this is occurring as 'hard' data ebbs lower... “February saw US manufacturers report the weakest expansion since last July, in a further sign that the overall pace of economic growth has moderated in recent months," according to Chris Williamson, Chief Business Economist at S&P Global Market...

Meta Plans 20% Layoffs To Divert Capital To Data Centers On Friday we noted that Meta has delayed the rollout of its latest AI model because it sucks - and may temporarily license superior models like Gemini to power the company's AI products.  Now, Meta is reportedly mulling a massive new round of layoffs that could affect more than 20% of its workforce as it accelerates spending on AI data center buildouts. The move comes as other hyperscalers consider similar workforce restructurings to redirect capital flows toward AI infrastructure. Reuters cited people familiar...

Trans-Ex Lover Says Robinson Confessed To Charlie Kirk Shooting; Widow Presses Court To Release Evidence Erika Kirk, the widow of conservative activist Charlie Kirk, asked a Utah judge Thursday to make all evidence in the preliminary hearing for her husband's accused killer available to the public - the same day prosecutors played a recorded statement in which the suspect's former roommate said he confessed to the shooting. Tyler Robinson speaks with his attorney Kathryn Nester during a hearing for Robinson, accused in the fatal shooting of conservative commentator Charlie Kirk, in...