After Blockbuster IPO, China’s Memory Giant CXMT Plans Second Chip Plant In Beijing CXMT, China’s largest chipmaker by output and certainly by market value thanks to its blowout IPO pricing one week ago, which saw its stock surge more than 7x from its offering price of 8.66 yuan per share, is considering building a second memory-chip plant in Beijing ​and is in financing talks with a tech manufacturing hub backed by the local […]

Kalshi & Polymarket’s Combined Volume Reaches All-Time High In July, Topping $50 Billion Authored by Danny Park via TheBlock.co, Kalshi and Polymarket saw their combined trading volume soar to a new all-time high in July as prediction markets continued to gain steam around the World Cup. According to The Block’s data dashboard, Kalshi, Polymarket, and Polymarket US posted $50.59 billion in combined monthly trading volume […]

Is The Momentum Crash Over? Authored by Lance Roberts via RealInvestmentAdvice.com, What a week that was… Despite a hopeful bounce to end the month, it was a bloodbath for most assets. It was the Nasdaq’s worst July in 22 years, bonds’ biggest July yield spike since 2005, and oil’s biggest July jump in over 30 years. Leaving investors with one big trillion-dollar question: is the momentum crash over? As I discussed on […]

Washington State Wildfires Trigger Mass Evacuations, Emergency Declaration Thousands of people in Spokane County, Washington, have been evacuated as parts of the city of Spokane are under a “Leave Immediately” emergency as three wildland fires forced evacuations. Spokane County Emergency Management describes the emergency as “Level 3: Go, Leave Now, Leave Immediately!” Officials said 60,000 people within Spokane city […]

Texas Approves AI Data Center Co-Location Next To Wind Farm, With Curtailment Caveats By Marlene Wilden of UtilityDive The Public Utility Commission of Texas last week approved a net metering arrangement for a 260-MW AI data center co-located with a wind farm of approximately the same capacity in a case that could serve as a template for other co-located loads in the Lone Star State. The data center is the second one planned for […]

Trump Blasts Oil Majors: “Get Gas Prices Down Now!” President Trump blasted oil companies on Monday morning for high gasoline pump prices, telling them: That goes for other Oil Companies as well…and get your consumer (retail!) Oil Prices DOWN, NOW! Thank you for your attention to this matter. President DJT As of Monday morning, the national average for 87-octane gasoline at the pump stood at $4.09 a gallon, according to AAA […]

Trump Unloads On ‘Duplicitous’ Iran, Claims Secret Talks Despite Tehran’s Public Rejection Summary Trump claims Iran wants talks; Tehran again denies any US negotiations. Trump says Gulf allies halted planned US strikes in favor of diplomacy. Iran says Hormuz talks with Oman are progressing, but US actions remain the obstacle. Oil prices still falling on optimism over Hormuz negotiations & uptick in transit. Tehran is […]

China’s AI Knife Fight: DeepSeek’s New Model Runs 100x Cheaper Than Anthropic’s Flagship The price of artificial intelligence just printed a new low. DeepSeek’s V4-Flash, officially released Friday, costs roughly three cents to run through a standard battery of benchmark tests, according to San Francisco research firm Artificial Analysis. Moonshot AI’s Kimi K3 costs 86 cents; OpenAI’s GPT-5.6 Sol, $1.86; and Anthropic’s Claude Fable […]

Groundhog Day By Benjamin Picton, senior market strategist at Rabobank It’s Monday morning again and it feels like Groundhog Day as I sit down to write that the US President has (again) halted strikes on Iran and teased that a diplomatic breakthrough is close. Brent crude prices have dutifully fallen in early trade, risk currencies are rallying and equity markets are poised to extend the gains posted late last week. In his […]

“Really Only One Thing Worries Us A Lot”: Here’s What Keeps Goldman’s Commodities Guru Up At Night Samantha Dart, co-head of global commodities research at Goldman, joined Bloomberg TV on Monday morning and warned that diesel sits at the epicenter of a worsening global fuel supply squeeze, as Ukrainian drone and missile strikes disrupt Russian refining and the US-Iran war disrupts tanker flows through the Strait of Hormuz. Dart […]

Here’s Why the US Manufacturing Surveys Are Diverging So Dramatically… Update (1015ET): As we noted below, there was a significant divergence between the two manufacturing surveys for July… which is not that unusual, and also an odd divergence between falling inflation expectations and universally rising commodity prices. Based on the responses to the ISM survey, we may have found the answer… and it’s a familiar one in this […]

Coldcard Losses Near $114M As Small Bitcoin Transfers Spike Via Decrypt.co, Small Bitcoin holders moved coins on July 31 at a rate not seen since the collapse of FTX, according to CryptoQuant, as news spread that Coldcard hardware wallets had been generating guessable keys for five years. Transfers of less than 1 BTC totaled 39,600 BTC (around $2.5 billion) that day, the firm’s Head of Research Julio Moreno tweeted. The last […]

Key Events This Week: Jobs, ISMs, Fed Speakers And More Earnings On Deck The week ahead will be dominated by the US labor market, with the JOLTS report tomorrow, the ADP employment survey on Wednesday, and building up to Friday’s July employment report. Beyond the US, investors will be watching Swiss inflation today, Swedish inflation on Thursday, German activity data throughout the week (culminating in trade and industrial […]

Saylor’s Strategy Shores Up Capital Structure With More Bitcoin, Stock Sales Michael Saylor’s Strategy Inc. is plowing ahead with its pivot from relentlessly buying Bitcoin to focusing on shoring up its capital structure by raising its reserve via sales of the token and its own shares. The company that grew to prominence with its years-long Bitcoin-accumulation tactic on Monday announced that it had last week completed a roughly […]

Kamikaze Drone Slams Into Crowded Russian Black Sea Beach, Killing 3 The Russia-Ukraine war has dangerously spilled over into the Black Sea, with cargo ships, tankers, and oil and gas infrastructure being targeted by both sides. The sharp escalation in fighting across the region has also come at a cost to civilians. Shocking video circulating on X Monday morning appears to show a Ukrainian suicide drone striking a crowded beach in […]

GameStop Shares Plunge As $1.4 Billion Debt-For-Equity Swap Threatens Dilution GameStop shares fell in premarket trading after the company announced it had agreed to exchange about $1.4 billion of zero-coupon convertible notes for Class A shares, allowing the video game retailer to reduce long-term debt without using cash. The press release stated that the transactions were privately negotiated and cover $400 million of notes due […]

Futures Rise As Oil Plunge Helps Yields Ease From Nosebleed Highs; All Eyes On Yentervention Futures are higher with both tech and small caps outperforming as Trump points to a deal/advanded discussions with Iran (which Iran is naturally denying), which is helping push energy prices and bond yields lower as the USD depreciates. As of 8:00am ET, S&P futures are up 0.5% while Nasdaq futures rise 0.4% led by Mag 7 stocks higher […]

$400 Billion Pharma Megadeal? Jefferies Calls Potential AstraZeneca-Bristol Myers Merger A “Head Scratcher” The Financial Times reported overnight that AstraZeneca has explored acquiring Bristol Myers Squibb in a potential megadeal that would create one of the world’s largest drugmakers, with a combined market capitalization of nearly $400 billion. The report cited people familiar with the matter, while both pharmaceutical giants […]

Pentagon Plans AI Data Centers At Military Bases Across Multiple Branches By Adam Gramegna of Military.com At Dugway Proving Ground in Utah, on ground the Army’s own contracting documents describe as previously used for grazing, a company owned by two of the largest investment firms in the world is preparing to build a data center. That site sits about an hour’s drive from the nearest community, on the installation where the U.S. […]

Exelon “High Probability” Data Center Load Falls 40% By Ethan Howland, senior reporter at UtilityDive Exelon’s “high probability” data center load fell nearly 40%, to about 11 GW, in the second quarter from 18 GW at the end of last year, the Chicago-based utility company said Thursday. The decline comes as Exelon utilities have been entering into “transmission security agreements” with potential data center customers, […]

Armor, Ammunition And Battlefield Adaptation Goldman Sachs analyst Sam Burgess, who covers European defense companies including Airbus, BAE Systems, Rheinmetall, Renk, Rolls-Royce, Safran, Leonardo, Thales, and Dassault Aviation, held a call with retired German Lieutenant General Andreas Marlow to provide clients with greater color on the rapidly evolving modern battlefield and its implications for defense-sector investment […]

US Raises Travel Advisory For Spanish Area Amid Illegal Immigrant Influx Authored by Jack Phillips via The Epoch Times, The U.S. Department of State on Saturday increased a travel advisory for Ceuta, Spain, to a higher level due to unrest caused by a recent mass influx of illegal immigrants. The agency said it updated its travel advisory for Americans to Ceuta to Level 3, or “reconsider travel,” due to “massive and […]

No, The Spanish Invaders Have Not All Just ‘Gone Home’ Authored by Steve Watson via Modernity News, Spanish authorities and their leftist allies are pushing the line that the tens of thousands of migrants who stormed Ceuta have mostly “gone home.” The claim is pure fantasy. Fresh video from the streets shows the city still under siege, with invaders assaulting facilities, smashing graves, clashing with locals, and turning a Spanish […]

Trump Says “Perimeters Of A Deal Reached” With Iran To Reopen Hormuz After Call With Saudi Crown Prince The past few days have been tense. Although no US strikes were launched from Friday night into Saturday morning and the Gulf region remained quiet early Sunday, anticipation surrounding President Trump’s next move is keeping energy traders and Gulf governments on edge. The big concern is that another round of strikes could trigger […]

Trump’s Venezuela Oil Push Hits A Roadblock Venezuela’s long-awaited oil revival has been slower than many in Washington anticipated., according to the Wall Street Journal. Seven months after Nicolás Maduro’s removal, negotiations between the interim government and major U.S. energy companies remain bogged down, with no landmark investment deals despite the country’s vast crude reserves. Rather than rushing back into the country, […]