Houthis Say Forces 'Repelled' Saudi Warplanes From Threatening Iranian Civilian Airliner

Russia Blasts Ukrainian Drone Mass Casualty Attack On Holiday Camp In Zaporizhzhia Russia has blamed Ukraine for a mass casualty event at a 'holiday camp' in the partly Russian-controlled Zaporizhzhia region on Saturday. Local Russian officials overseeing Zaporizhzhia have said twelve people were killed and at least 19 more wounded due to a major Ukrainian drone attack. Ukraine did not immediately issue any statements acknowledging the deadly strikes. Via Sputnik  Russian Foreign Ministry spokeswoman Maria Zakharova stated that "Striking civilians is the method used by terrorists" in a press briefing. ABC News later reported that "Four children were among...

Futures Swing As Global Bond Yields Follow Oil Tick For Tick US equity futures are lower with Tech underperforming as oil prices / bond yields move higher (although off session highs), both in response to an acceleration in "kinetic hostilities" in the Middle East. As of 8:00am ET, S&P futures are down 0.1%, off session lows, while Nasdaq futures rise 0.4% after Dell shares jumped after the company boosted its annual sales forecast by $25 billion. In premarket trading, Semis / Memory are weaker and AVGO is -53bp with earnings after...

America's Next Military Contractors Could Be Hackers Washington may soon outsource part of its cyberwarfare operations to private companies, according to a new report from Bloomberg.  Language tucked into the Senate’s 2027 defense bill would create a pilot program allowing the Pentagon to hire outside cybersecurity firms to penetrate computer networks chosen by the US military. Contractors would operate under US Cyber Command and Pentagon supervision. Bloomberg writes that the authority would initially be relatively narrow. Private operators could establish access to targeted networks, but the Senate language stops short of authorizing...