Trump Admits Diesel US Export Ban Could Raise Gasoline Prices

Korea Barbeque'd: Kospi Crashes As Chip Stocks Tank, AI Token Index Spirals Lower South Korean stocks plunged on Tuesday as concerns over circular AI financing and China's expanding DUV lithography capabilities (read here) were top of mind among investors. Adding to the pressure, chipmakers may not have found a floor just yet because Silicon Data's LLM Token Expenditure Index continues to slide, suggesting that companies are shifting toward cheaper models, particularly open-source alternatives from China. Top Overnight News The Kospi index follows a weak US session lower, falling as much as 10.7%...

The very first story on the Drudge Report on both April 23 and 24 was headlined with a quote from Bernard Arnault saying if the Iran war was not quickly settled, it could be a “world catastrophe.” I apparently do not keep up with world business as much as I should, because I did not […]

Hackers Launch 'Vishing' Cyberattacks Against Major Hedge Funds Several major Wall Street firms have been hit with a wave of sophisticated cyberattacks using voice phishing, or 'vishing' to trick employees into revealing sensitive information or granting access, Bloomberg reports.  Crash Override gets his ass handed to him by Acid Burn (Hackers) The attacks targeted some of the world's largest hedge funds - including Citadel, Point72, and Two Sigma Investments, along with several private equity firms.  Two Sigma, which manages $75 billion, says they were able to thwart the attacks. "Our security team responded quickly to an attempted vishing campaign...