UN: 130,000 Displaced, 110 Civilian Casualties in Yemen as Conflict Rapidly Escalates

A Lot More Than Just Rates Moving Markets By Peter Tchir of Academy Securities The plan this weekend was to write about the AI Revolution. It would have dovetailed well with recent pieces Buggy Whips and Horses and Being Forced to Understand UBI. We discussed this, Iran, and much more on Bloomberg TV (1:43:30 mark), where I did bring out the red rocket ship tie, in honor of the SpaceX IPO. But it is difficult to stick to the plan when the Nasdaq 100 drops almost 5% in a day and the...

Xi In Rare Egypt Visit Blasts 'External Interference' In Mideast, As Iran War Drags On Chinese President Xi Jinping in a rare trip to the Cairo told his Egyptian counterpart on Wednesday that "external interference" in the Middle East should be opposed, Chinese state media reported. Talks in the Egyptian capital between Xi and Egyptian President Abdel Fattah El-Sisi were a first in a decade. Interestingly, Xi at one point pledged Beijing was willing to help protect maritime shipping - though it's anything but clear what specifics would look like, or...

The Future Of American Drone Warfare Authored by Adam Sharp via The Daily Reckoning, While the war with Iran might be nearing a resolution, the war in Ukraine is heating up. Whether this is the next stage in escalation, or the grand finale remains unclear. But lessons continue to emerge from this conflict, and world powers are beginning to act on them at scale. Ukrainian long-range drones continue to hammer Russian energy and military sites. Targets up to 1,700 kilometers inside Russia are being hit. A Ukrainian long-range drone. Source: AP These strikes are causing...