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Steve Eisman: What If OpenAI Actually Fails?
Steve Eisman: What If OpenAI Actually Fails?
Steve Eisman has spent most of the years since the financial crisis being asked, in his words, to predict the end of the world. In his latest weekly wrap - recorded Thursday night as the 10-year brushed 4.8%, he says he's still not there on AI, but if he were - he lays out exactly how it would happen.
Eisman is not predicting that OpenAI fails - but it is the weak link in a chain that runs from two money-losing labs, through hyperscaler capex, to roughly half...
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May 12, 2026 / Tyler Durden
'Mediator' Pakistan Hosted Iranian Military Aircraft To Insulate Them From US Attacks, Graham Fumes At Islamabad
'Mediator' Pakistan Hosted Iranian Military Aircraft To Insulate Them From US Attacks, Graham Fumes At Islamabad
Summary
CBS reports Pakistan sheltered Iranian military planes, Sen. Graham outraged, calls for 'reevaluation'.
US President blasts 'piece of garbage' Iran response, says ceasefire on 'life support', reportedly mulls renewed military action; US Treasury imposes yet more sanctions.
Trump mulls restarting Project Freedom in Hormuz and says forcibly retrieving 'nuclear dust' is still on the table, oil jumps on headline.
Iran Foreign Ministry: "Everything we proposed in the text was reasonable and generous." However, US officials insist on their "unreasonable demands."
Saudi Arabia...
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Aug 28, 2026 / Tyler Durden
The Iran War Has Turned VLCCs Into $650,000-A-Day Assets
The Iran War Has Turned VLCCs Into $650,000-A-Day Assets
Authored by Julianne Geiger via OilPrice.com,
More Gulf oil is moving again. Getting it out now costs a fortune.
Earnings on the benchmark Saudi Arabia-to-China supertanker route surged to a record $647,000 per day on Thursday, according to Baltic Exchange data cited by Bloomberg. That is more than ten times the rate a year ago-and nearly 27% above the $510,000 reached just ten days earlier.
The spike comes as Persian Gulf producers increase crude shipments through the Strait of Hormuz despite the continuing Iran...
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Feb 15, 2026 / Tyler Durden
Moscow Repels Another Large-Scale Ukrainian Drone Attack, Flights Briefly Grounded
Moscow Repels Another Large-Scale Ukrainian Drone Attack, Flights Briefly Grounded
Russian officials are describing a large-scale Ukrainian drone attack targeting the capital of Moscow on Sunday. While not the first time, such aerial assaults so deep in Russian territory have remained somewhat rare.
Moscow Mayor Sergei Sobyanin said Sunday afternoon that Russian air defenses intercepted 13 drones headed for the capital, as regional officials reported a sweeping wave of UAV attacks across western Russia - including hundreds of UAVs in total.
Standard Ukrainian drone, via the General Staff of the Armed Forces of...
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