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Army Secretary Dan Driscoll Submits Resignation Amid Tensions With Hegseth
Army Secretary Dan Driscoll Submits Resignation Amid Tensions With Hegseth
Army Secretary Dan Driscoll is out. Early Monday evening The Wall Street Journal is the first to break the news, describing that he submitted his resignation to President Trump, following months of tensions with Pentagon chief Pete Hegseth.
Some national security sources have already been quoted as saying the development is "unsurprising" - with the WSJ writing that "Driscoll had been expected to step down this year from his role as the civilian leader of the Army after clashing with Hegseth."
via Associated Press
White...
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Jul 29, 2026 / Tyler Durden
MSFT Spikes After Leaving CapEx Outlook Unchanged
MSFT Spikes After Leaving CapEx Outlook Unchanged
Update (1800ET): As this evening's conference call went on, we finally got to the meat of the matter as Microsoft kept its CapEx forecast unchanged on Wednesday, ...becoming one of the first hyperscalers to hold the line on the market's insatiable AI spending spree.
Against expectations to spend $190 billion on capital expenditures this calendar year, Microsoft tonight maintained this spending outlook (due to an accounting change, this CapEx guidance is now $175 billion, but, in reality, Microsoft is keeping its AI capex plan the same...
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May 8, 2026 / Tyler Durden
Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports
Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports
Yesterday when discussing China's unexpected flip-flopping on its decision to order local banks to ignore the latest US sanctions on Chinese, followed days later by a demand that they pause loans to sanctions refiners, we highlighted something remarkable: in the aftermath of the Strait of Hormuz blockade, which throttled the transit of ~10% of global oil and sent physical prices soaring to record highs (especially for Dubai crude), resulting in a windfall for European refiners thanks...
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Apr 30, 2026 / Tyler Durden
Breaking The Stalemate
Breaking The Stalemate
By Bas van Geffen, Senior Macro strategist at Rabobank
Energy prices continue their ascend –with Brent futures trading above $124/barrel – after media report that the US may try to break the stalemate in the US-Iran war by force. Axios reports that military leaders will brief Trump on potential military options today. Reportedly, the Pentagon is preparing a wave of “short and powerful” strikes on Iran, likely targeting infrastructure.
Yesterday, Trump still suggested that he would not resume the bombing campaign. The US president said he believes the US...
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