Dowd: Lower Yields Are Coming... And Nobody Will Like Why

Futures Rise, Oil Drops As Markets Ignore Latest Middle East Airstrikes Futures are higher (although off session highs), and oil erased overnight gains as the market moved past the latest Middle-East flare up which saw the US military strike 90 Iranian targets for a second day and Tehran retaliated against American allies in the Persian Gulf. And like during previous escalations, this time nobody believes it will last. As of 8:00am ET S&P 500 futures rose 0.2% and Nasdaq 100 contracts gained 0.6% as semiconductor stocks advanced in Asia, Europe...

CoreWeave Expands Meta AI Deal To $21 Billion, Issues $4.25 Billion In New Convertible & Junk Debt CoreWeave has expanded its agreement to supply Meta with AI computing capacity, lifting the total value of the deal to $21 billion, as reported by Bloomberg. The updated terms extend AI cloud services through December 2032. This means that circular financing circle jerk we've been tracking since last year continues. LOL *COREWEAVE INKS $14 BILLION META DEAL TO SUPPLY COMPUTING POWER ye daily circle jerk — zerohedge (@zerohedge) September 30, 2025 The deal underscores a broader truth in the...

Trump-Xi Summit Cheat Sheet: New Deals, Extended Trade Truce, But No Breakthrough? The White House released an itinerary for next week's Trump-Xi meeting, including plans for Trump to greet Chinese President Xi Jinping at Joint Base Andrews. Ahead of the summit, Bank of America analysts outlined modest expectations, telling clients they see "little scope for a major trade breakthrough." Bloomberg reports that Trump will welcome Xi at Joint Base Andrews on Wednesday, opening a visit that includes bilateral talks and a White House state dinner on Thursday. Trump and Xi will be...