Hormuz Ship Traffic Edges Higher, But Kpler Warns Gulf Crude Exports Remain Impaired

The Manufactured 'Bipartisan' Push For An AI Kill Switch Authored by Jordan Schachtel via American Greatness, The AI Kill Switch Act, introduced Thursday by Rep. Ted Lieu (D-Calif.) and Rep. Nathaniel Moran (R-Texas), seeks to hand the government unprecedented authority to order private companies to throttle, suspend, or shut down products in "kill switch" fashion, purely on their own arbitrary determination, with fines up to $20 million a day. Behind this carefully staged rollout is a fanatical coalition that looks like a broad consensus, but it is mostly one funding network...

Jobless Claims Jump As US Tech Firms Announce Most Job Cuts In 2 Years The number of Americans filing for unemployment benefits for the first time jumped to its highest in three months last week at 225k (215k exp), but this remains well within the range of the last five years... Source: Bloomberg The biggest increase in initial claims came from California while Texas saw the biggest decline... Continuing Jobless Claims dipped to 1.777 million Americans (remaining below the 1.8mm Maginot Line), just above two year lows... Source: Bloomberg However, despite the seemingly solid claims...

"Strain Is Spreading": FT Exposes Private Credit Distress At Decade Highs Since last fall, we have repeatedly flagged the private credit sector’s growing vulnerabilities. Earlier coverage detailed how the asset class ballooned into a $2-3 trillion opaque market after banks retreated from riskier lending, only to face a wave of high-profile defaults (First Brands, Tricolor), surging redemptions that forced gates at major vehicles, rising PIK usage, and AI-related risks to software-heavy portfolios. In February, the red flag got about as red as it gets... Private Credit Rocked By UBS Shock Outlook: Record "Cascading...