Key Events This Week: Jackson Hole. Nvidia Earnings And Core PCE

Futures Jump As Micron Revives AI Euphoria, Oil Erases War Gains Global stocks and S&P futures are higher while Nasdaq futures are on a tear after Micron’s sales forecast blew the lights out, brushing aside fears over a near-term pullback in the AI trade, while Qualcomm set aggressive targets at its investor day in New York. As of 8:00am ET, a revival of the AI demand theme is sending contracts on the Nasdaq 100 up 2.1% while S&P 500 futures are up a more modest 0.7%. MU is +18% pre-market, pushing Semis...

HUD Rejects Transgender Ideology For Women's Shelters Authored by Catherine Salgado via PJMedia.com, The Department of Housing and Urban Development (HUD) is removing radical transgender ideology from dozens of regulations, which will, among other things, reserve women’s shelters only for women, not for mentally ill men. HUD issued a press release on April 23 confirming that it is erasing "radical definitions of gender identity, sexual orientation, and gender" from some 50 regulations. Instead, HUD will apply the biological definition of sex and end the woke prohibition on "gender identity" discrimination. The latter meant...

Iran Arrests Dozens In Starlink Black Market Network Bloomberg cites Iran's ISNA news agency, which says local authorities have arrested dozens of people for selling SpaceX Starlink terminals across 19 provinces.  These satellite internet terminals have become popular among opposition and activist networks operating in the country amid an ongoing nationwide internet blackout during the U.S.-Iran conflict. Sardar Ahmad-Reza Radan, commander-in-chief of the Iranian police, was quoted by the outlet as saying, "From the beginning of the Ramadan War, 48 key members of networks, cells, anti-revolutionary groups, and espionage rings were arrested, and 139...