Huge Fire Along Saudi 'Hormuz Bypass' East-West Oil Pipeline After Alleged Houthi Strikes

CME Launching Futures Market For AI Compute US derivatives exchange CME Group and index provider Silicon Data have teamed up to create a futures market for computing power, a key source driving the AI boom. Bloomberg reports that the futures will help traders, financial firms, AI builders and cloud providers manage volatility and price swings. Indexes from market-intelligence firm Silicon Data will help underpin the products. The project is still pending regulatory review. “As the backbone of the digital economy, compute is the new oil of the 21st century,” CME CEO Terry...

Futures Erase Overnight Gains As Oil Hits One-Week High, Yen Slides US equity futures start the new week barely higher, having erased almost all of their overnight gains, yet still trading at all time highs, led by Tech with small caps starting the week in the red. As of 8:00am ET, S&P futures are fractionally in the green as traders look to the next big data print from the US this week in the form of CPI and PPI updates, as bets on September rate hikes tumbled after Friday's jobs debacle;...

Obama & The 'Sinister Shadowland' Behind Our Politics? Authored by James Howard Kunstler via kunstler.com, The Ripening "Everybody's restless and they got no place to go / Someone's always trying to tell them something they already know / So their anger and resentment flow." - Warren Zevon, Mohammed's Radio In the stark October light, events and personalities skulk in the shadows like scavengers in an orchard of poison fruit. The dread builds as the dooryards get populated with the motorized effigies of blood-beasts, werewolves, phantoms, and ghouls. Halloween and Election Day have become...