Hyperscaler Bond Spreads Blow Out After Google Shocks With Another $25 Billion Bond Offering

"Worst Is Yet To Come": Global Smartphone Shipments Crash 22% As Memory Crisis Squeezes Consumers Technology research firm IDC's latest report confirms our warning earlier this week of "more pain to come," with global smartphone shipments plunging in the third quarter as rising memory chip costs squeeze margins, boost handset prices, and make these devices more expensive than ever. Preliminary data from the advisory firm show worldwide smartphone shipments plunged 22% year over year to 255.3 million units in the third quarter, as the AI-related memory chip shortage sent component costs...

Top Admiral Visits USS Lincoln, Suggests Reports Of Dire Conditions Are Greatly Exaggerated The top US military commander in the Middle East has personally visited the USS Lincoln carrier, which is currently patrolling the Middle East after having long been engaged in operations against Iran. US Central Command (CENTCOM) chief, Adm. Brad Cooper, directly inspected the ship amid widespread reports of low morale and extremely challenging conditions amid a record extended deployment. Screenshot via CENTCOM on X. But Cooper came away with the opposite conclusions from what the headlines and some lawmakers are saying....

As many as 150 US troops have been wounded in the war with Iran since it was launched by the US and Israel on February 28, Reuters reported on Tuesday. Prior to the report, the Pentagon had only said that eight US soldiers were “seriously wounded” and confirmed the deaths of eight US service members, […]