The War Hawks' Predictions Have Aged Like Milk

UBS Finds Global Trade Structure "Surprisingly Stable" As AI Emerges As Growth Engine Despite ongoing Gulf-related energy shocks, mounting concerns over a potential energy cliff (read here), and UBS last month reactivating its supply chain stress-watch coverage, another UBS analyst noted Wednesday that the overall structure of global trade remains "surprisingly stable." Analyst Arend Kapteyn pointed out that the structure of global trade remains far more structurally stable than recent growth trends suggest, even as technology and AI-related categories have driven nearly 80% of recent trade growth while accounting for only...

Flesh-Eating Cattle Screwworm Spreads Beyond Texas As USDA Accelerates Eradication Push The U.S. Department of Agriculture confirmed three more New World screwworm (NWS) cases, bringing total detections to five and heightening concerns that the flesh-eating pest, once eradicated in the 1960s, could threaten the nation's already strained cattle industry. The latest NWS cases include three calves and a goat in Texas, along with a small dog in Lea County, New Mexico, marking the first confirmed case in that state, according to the USDA. The dog had not traveled to Mexico...

Another AI Reacharound? Marvell Shares Rip On Chips-For-Warrants Deal With Google The circular financing circus rolls on... Marvell shares are soaring this morning after fabless chip designer announced an expanded chip-development partnership with Google that includes a warrant from Marvell allowing the search giant to buy as much as $12.2 billion in shares. The two firms will collaborate on custom AI chips. "The expanded partnership spans a comprehensive range of custom silicon programs that attach to the TPU ecosystem, including AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and near-memory...