Consumer Credit Unexpectedly Shrinks For The First Time Since 2024 As Credit Card Rates Jump

$92 Million In Banned AI Chips Went From Super Micro To Little Known Chinese Tech Company A little-known Chinese tech company saw its stock drop sharply after U.S. authorities charged a co-founder of Super Micro Computer with illegally smuggling advanced AI chips into China, according to Bloomberg.  The case is putting fresh focus on how restricted American technology may still be entering the country. The company, Sharetronic Data Technology, quickly denied any connection to Super Micro and said it complies with all hardware purchasing regulations. However, newly surfaced records tell a more...

Russia To Stop Kazakh Oil Flows To Germany Via Druzhba Pipeline After several weeks of the main oil artery into Europe being halted - perhaps as Ukraine awaited the outcome of the Hungary election and the greenlighting of Europe's €90 billion loan to Kiev - Zelenskyy stated the Druzhba oil pipeline will be ready to ship Russian oil again. There is just one problem: Russia said it would halt halt Kazakh crude-oil shipments to Germany through the major Druzhba pipeline next month after reporting "technical issues."  The move would deal a major blow...