Apple Flat After Mixed Results: Strong iPhone Sales Offset By Weak China Revenue, Declining Margins And Buybacks

"Deeply Flawed": Biggest US Grid Scraps Emergency Data Center Power Auction One Day After FERC Smackdown We have been documenting the slow-motion collision between the AI capex fantasy and the laws of physics since late 2025, when we noted that some of Oracle's OpenAI data centers were being pushed back to 2028 (Dec 12, 2025). Since then the delays have gone from anecdote to trend: in April we reported that half of US data centers scheduled to start in 2026 will be canceled or delayed (Apr 13), in August that...

Argentina's Milei: Ending the Debt State By Holding Politicians Personally Accountable For Fiscal Excess Submitted by Thomas Kolbe Only contrast reveals one's own mistakes. Javier Milei is the antithesis of Germany's political class, and the comparison could hardly be starker. While Germany continues to expand the state, Argentina is slashing subsidies and radically reducing the size of its public bureaucracy. While Berlin piles up enormous amounts of public debt, Buenos Aires is posting a primary budget surplus. Friedrich Merz believes in the healing powers of state intervention, whereas Milei is deregulating...

China In Large Russia-Hosted Drills Featuring 'Applied Lessons Of Ukraine War' Russia has just wrapped up hosting mass military drills involving troops and defense technology from eight countries which state media hailed as applying lessons learned from the Ukraine war. The Tsentr-2026, or Centre-2026, drills ran throughout all last week into Saturday, located in the central western Chelyabinsk region, which is situated in the southern Ural Mountains - with on Friday President Putin being on hand to observe the exercise. Dronies deployed during military drills in Chelyabinsk, Russia. Getty ImagesImportantly, China's military...