China's AI Knife Fight: DeepSeek's New Model Runs 100x Cheaper Than Anthropic's Flagship

Judge Tosses Key Evidence In Luigi Mangione Case Over Warrantless Backpack Search A judge just handed Luigi Mangione some big wins in his high-profile murder case. On Monday, New York Supreme Court Justice Gregory Carro issued a mixed ruling on evidence seized during the suspect’s dramatic arrest at a Pennsylvania McDonald’s. The decision represents a partial victory for the defense on constitutional grounds while delivering a significant boost to prosecutors by preserving the most damning pieces of physical evidence linking Mangione to the assassination of UnitedHealthcare CEO Brian Thompson. Mangione, 28,...

Key Events This Week: Jackson Hole. Nvidia Earnings And Core PCE As we start a new weeks, the upward pressure on long-end bond yields from last week has shown initial signs of easing. Indeed, the 30yr Treasury yield is down -5bps overnight to 5.22%, whilst the 10yr yield is down by the same amount to 4.69%. That’s been supported by an announcement by the Treasury to CNBC that some/all of the cash in the Treasury General Account may be used to fund buybacks (bringin the US ever closer to Yield...

Russian Frigate Fires Flares At Danish Military Helicopter, Copenhagen Summons Ambassador There's been another dangerous incident and major 'close call' involving a Russian ship in international waters off Europe. In this case, which unfolded Monday, a Danish military helicopter reportedly hovered near a Russian military frigate, seeking to monitor and photograph it. Illustrative, via Naval Technology Soon after, according to the account of Danish military officials, the Fennec military helicopter was fired upon by flares from the Russian ship. It happened in the Baltic Sea, after which Moscow's ambassador in Copenhagen, Vladimir Barbin, laid blame solely...