MSFT Bounces After Revenue Beat On Cloud Strength, CapEx In Line

Nickel Jumps As Indonesian Output Cut Stokes Supply Fears Nickel prices on the London Metal Exchange surged as much as 2.6% to $19,050 a ton after Shanghai Metals Market said upwards of 15% of high-grade nickel pig iron capacity at Indonesia's Weda Bay Industrial Park will undergo rotational maintenance in the coming months, according to Bloomberg. Indonesia's Weda Bay Industrial Park is one of the most important nickel-processing hubs in the world and serves a large cluster of smelters that produce nickel pig iron, a key input for stainless steel...

US Withdraws Troops, Patriot Batteries From Northern Iraq Amid Iranian Attacks There are new reports Friday of more US troop pullback initiatives in the wake of the last couple weeks of US-Iran fighting, and Iranian ballistic missile and drone strikes which have targeted American bases with increased regularity, especially in Jordan and Kuwait. One regional media publication freshly reports, "The United States military has started to draw down its last remaining forces from Iraq stationed in the vicinity of Erbil's airport in the Iraqi Kurdistan Region, well-placed sources with close knowledge of the...

What JPMorgan Saw Inside Tesla's Fremont Factory As Humanoid Production Nears Retail flows across Asia remained heavily concentrated in newly listed, high-beta names, most notably Chinese robotics maker Unitree following its blockbuster Shanghai debut. The retail craze surrounding physical AI merely shows Beijing's accelerating push to dominate the humanoid market. To close out the week, we pivot across the Pacific for a peek inside the US humanoid-robotics supply chain, where Tesla's Fremont buildout provides a timely indicator of how quickly physical AI is advancing. Rajat Gupta, a JPMorgan analyst who covers Tesla,...