Nvidia Weighs $250 Billion Backstop For OpenAI's Gargantuan Ohio Data Center Campus

John Bolton Pleads Guilty To Retaining National Security Information John Bolton, former national security adviser to President Donald Trump, pleaded guilty on Friday to one count of retaining national security information related to his work during the first Trump administration.  Bolton appeared Friday morning for a re-arraignment in Greenbelt, Maryland before Obama-appointed judge Theodore D. Chuang. He faces a prison sentence of up to 60 months and has agreed to pay $2.25 million, according to prosecutors. Sentencing is scheduled for Oct. 28.  Bolton was originally charged in October of 2025 with eight counts of transmission...

MLB Scolds Players Who Wrote Bible Verses On Pride Night Uniforms Major League Baseball on Monday issued a warning to three players who represent the gayest city in America, but who dared to write references to a biblical passage on their Pride Night uniforms. The three San Francisco Giants teamed up for the subtle gesture at Friday night's home game, which they lost 5-1 to the visiting Chicago Cubs.   “The writing on the cap violates our rules and, consistent with normal practice, we have warned the players about future violations,” MLB...

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...