Article
Core Durable Goods Orders Soar Most In 4 Years
Core Durable Goods Orders Soar Most In 4 Years
US durable goods orders plummeted 4.5% MoM in May (as expected), dragging orders down 4.3% YoY - the worst annual decline since Nov 2024...
Source: Bloomberg
However, ex-transports, orders rose 1.4% MoM - up for the 14th straight month - with orders soaring over 10% YoY, the strongest annual surge since May 2022...
Adding more confusion, US factory orders fell 1.3% MoM in May (better than the 2.0% MoM decline expected) but dramatically divergent from the 4.8% MoM surge in April (revised down from...
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Jun 1, 2026 / Tyler Durden
Florida Becomes First State To Sue "Unsafe" OpenAI And Sam Altman Over AI Harms
Florida Becomes First State To Sue "Unsafe" OpenAI And Sam Altman Over AI Harms
OpenAI no longer has to worry about being last in the AI IPO race and lagging ARRs when compared to Anthropic, not to mention a potential Supreme Court showdown against Elon Musk (pending appeal). Earlier today, Florida became the first state to file a lawsuit against OpenAI and its chief executive, Sam Altman, launching a new broadside in a growing rebellion against the alleged safety failings of artificial-intelligence chatbots.
The lawsuit, filed Monday by Florida Attorney General...
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Aug 20, 2026 / Tyler Durden
NATO F-16s Blow Up Sea Drone That Threatened Romania's Largest Deep Gas Platform
NATO F-16s Blow Up Sea Drone That Threatened Romania's Largest Deep Gas Platform
A wild and highly dangerous intercept incident happened in the Black Sea on Thursday. A pair of Romanian F-16s were dispatched to track and intercept a sea drone in the vicinity the huge Neptun Deep gas platform.
The platform sits 80 miles east of the Romanian Black Sea city of Constanta and is the country's largest natural gas project and its first deep offshore project, with hundreds of people working at the site at any given time.
Omv Petrom
The Wall Street...
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Feb 20, 2026 / Tyler Durden
Riyadh Seeks To Replace Israel With Syria For EU Fiber-Optic Cable Route
Riyadh Seeks To Replace Israel With Syria For EU Fiber-Optic Cable Route
Via Middle East Eye
Saudi Arabia wants to replace Israel with Syria as the transit country for a fiber-optic cable designed to connect the kingdom to Greece through the Mediterranean Sea, two regional officials familiar with the project told Middle East Eye.
Saudi Arabia's insistence that it be connected to Greece through Syria, and not Israel, as previously discussed, underscores how regional alignments are shifting as Riyadh looks to bolster Damascus’s standing in the region and potentially isolate Israel.
via AFP
Saudi Arabian Crown Prince Mohammed bin Salman has...
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