Down Under, Going Under: Australian Housing Implodes As RBA Hikes Into The Slump

Ukrainian Expert Dismisses Trump Pledge On Patriot Missile License As Empty PR President Trump's declaration from the NATO summit in Turkey this week saying that he'll give Ukraine a license to produce Patriot defense systems has been met with a lot of skepticism, both among Ukrainians and internationally.  "We’ll give them the right to make Patriots. We’ll show them how to do it," Trump had said. "I think they can produce them pretty quickly." via Associated Press Zelensky seized on the opening, telling reports on Thursday, "America has recognized Ukraine as a country...

Headlines shifted by the hour, but the stakes stayed high. We start with the last U.S.-Russia arms control guardrail, New START, and ask a simple question with massive consequences: extend the treaty and keep limits plus inspections alive, or gamble everything on a brand-new deal that tries to rope in China. We break down why […]

Nvidia Slides Despite Blowout Earnings Amid Concerns About Margin Weakness And Future Spending In our preview of NVDA earnings we said that "Nvidia will beat FQ2 (July) revenue estimates by approximately $3-4 billion, with revenue potentially reaching $94-95 bn. The stock, however, will not respond to the beat.... recall revenue guidance has beaten Street consensus by an average of 4% over the past four quarters, while the stock has traded down 3%/5% on average over the subsequent 7/30 days." And boy were we right: despite blowout beats on the top and...