NANO Nuclear Expands Air Force Footprint With Second AFWERX Award

Wildfire And Drought Risks Spike As California Enters Dry Season With Just 18% Snowpack California is entering its dry season with far less snow than usual, heightening drought concerns across the state, according to Bloomberg. Snowpack stands at just 18% of normal statewide, according to the Department of Water Resources. Conditions are especially severe in the Sierra Nevada: the northern region has only 6% of typical levels, while the central and southern areas are at 21% and 32%, respectively. The shortfall matters because California depends on winter snow — not year-round rainfall...

Israel has informed the Lebanese government that Lebanon’s civilian infrastructure will be “hit hard” if Hezbollah in any way takes part in the apparently upcoming US-Iran War. Lebanese officials have urged Hezbollah not to do so, since the war “does not concern us.” The twin hopes are that Hezbollah will stay out of the war, […]

Bonds & Bullion Jump, Dollar Dumps As Rate-Hike Odds Slump After Payrolls Miss As we noted in our preview, today's payrolls print was indeed "bad news is good news" as the surprise five-sigma miss (-23k) on payrolls (albeit with a drop in the unemployment rate) sent rate-hike odds reeling lower... “History doesn’t repeat, but sometimes it rhymes. For the third time in as many years, July jobs data saw a mid-summer loss of momentum. While incoming inflation data will be the ultimate arbiter, slowing jobs growth helps support a September hold,”...