1 Year Inflation Expectations Jump To 3 Year High In Latest NY Fed Consumer Survey

The US military on Saturday conducted a drill in the Venezuelan capital of Caracas, marking the first known US military exercise in the country since the January 3 attack to abduct Venezuelan President Nicolas Maduro. The drill involved two US Marine Corps Osprey aircraft landing near the US Embassy in Caracas, which the US officially […]

Iran Threatens "Complete And Utter Annihilation" Of OpenAI's $30BN Stargate Data Center In Abu Dhabi In a move that may well have been sponsored by Dario Amodei or Elon Musk, Iran's Islamic Revolutionary Guard Corps (IRGC) issued a clear public warning to the US that any damage inflicted on Iran’s power infrastructure will be met with decisive retaliation. Specifically, IRGC spokesperson Brigadier General Ebrahim Zolfaghari threatened the “complete and utter annihilation” of U.S. and Israeli facilities, with Stargate's $30 billion "hidden" AI datacenter in Abu Dhabi singled out as a...

Broadcom Crashes After AI Chip Revenue Forecast Misses Broadcaom stock is plunging in after-hours trading, after the company reported Q2 results which delivered a disappointing forecast for AI chip revenue, signaling that the company is either progressing more slowly than anticipated in the burgeoning industry, or that unlike its peers, is actually truthful in predicting the potential of the AI bubble. The historicals were ok: in the fiscal second quarter, which ended May 3, sales rose 48% to $22.2 billion, just barely beating the $22.1 estimate. AI semiconductor revenue was $10.8 billion, also...