Broadcom CDS Explodes As It Seeks Up To $100 Billion In Massive Off-Balance Sheet Debt Deal

IRGC Says Iran, Not US, Will Determine War's End As Trump Threatens Strikes '20 Times Harder' If Hormuz Transit Blocked Summary: Pentagon claims "winning": After ten days into Operation Epic Fury, Pentagon chief Pete Hegseth lists objectives that include destroying Iran's missile infrastructure, defense industry, navy, and ensuring Tehran is "permanently" denied nuclear weapons. Trump's mixed messaging as war could end 'soon' while saying Iran's military is crippled, but also warns Tehran would be hit "20 times harder" if it disrupts oil traffic through the Strait of Hormuz. Signs of Washington officials looking...

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...

Inside Global Aerospace & Defense Boom: 12 Takeaways From World's Most Important Airshow The Farnborough International Airshow is coming to a close in the UK, marking the end of one of the aerospace and defense industry's top gatherings. Institutional research desks have had boots on the ground, tracking commercial-aircraft orders, defense procurement and other industry trends. A team of Citi analysts led by John Godyn attended Farnborough earlier this week and reported back to clients Thursday morning. Their findings pointed to accelerating missile demand and a wave of new aircraft orders...