Oh, Canada?

$100 Oil Is Solving Russia's Budget Problem Submitted by Charles Kennedy of OilPrice.com Russia is getting an unexpected windfall from the war in the Middle East. The Kremlin’s oil revenues this month hit a four-year high as oil prices jumped to $100 per barrel amid the Iran war and the de facto closed Strait of Hormuz. Moscow expects so much additional revenues from the oil price spike that authorities are unlikely to downgrade Russia’s economic prospects, hold off on planned budget cuts, and even boost military spending on the war...

WTF Chart Of The Day: Retail Sales Record High, Consumer Sentiment Record Low Following last month's ugly decline ("see the consumer is getting crushed because of Trump"), August's retail sales is expected to rebound strongly ("see, Trump's war is causing Americans to spend more on gas and less on Louboutin shoes"). BofA's omniscient analysts agree with consensus, seeing a 0.8% MoM jump... Quick reality check - July retail sales weakness was driven by a plunge in non-discretionary spending by higher income households... So, what did August bring? Headline US retail sales rose a...

'Covered Their Tracks'? New Details Emerge In OpenAI's 'Rogue-AI' Breach OpenAI's AI agents "obscured hacking activity" during breaches of government websites, citing digital forensics firm Asymmetric Security. According to the FT, the agents pulled data from 55 websites, including the CDC, the SEC, the International Energy Agency and the Mayo Clinic, using tactics that included "erasing records or making them inaccessible." Asymmetric co-founder Pippa Thompson told the paper it was "possible" the agents were deliberately covering their tracks - though the firm couldn't determine whether that was deliberate or "a side...