Bessent: Rate Cuts Don't Have To Break The Dollar

SpaceX Jumps On Blowout Quarter As AI Sends Revenue, EBITDA Soaring As we wrote in our preview, hopes are high for what SpaceX will report today. The company is expected to report solid revenue growth, however more than offset by far more solid capex growth which will result in SpaceX burning almost a quarter trillion over the next 3 years as it builds out its data center capacity. Notably, SpaceX could post its first quarterly profit today - though this is only its second earnings report as a public company....

US Men's World Cup Team Required To Split $12.8M Payout With Women's Team Authored by Ben Sellers via Headline USA, America’s fleeting interest in soccer may once again have abated following a humiliating World Cup defeat to Belgium last Monday, in a game that saw President Donald Trump become personally involved over a red-card dispute. But the high-profile flop in the first elimination round was not the only indignity that the U.S. athletes must endure. A collective bargaining agreement means that the team will have to share its $16 million prize pot (minus a 20% cut for the U.S....

Taiwan Plans $930 Million Sea Drone Buildout As China Expands Maritime Pressure Taiwan is moving quickly to build a large fleet of unmanned vessels as it looks for cheaper, scalable ways to complicate any Chinese attempt to blockade or cross the Taiwan Strait, according to Nikkei Asia. The emerging strategy combines something Taiwan already does well, building ships and sophisticated electronics, with American expertise in autonomous systems, artificial intelligence and military command networks. The potential scale is significant. Taiwan’s navy is considering roughly 1,320 small attack drones for the water, with spending...