Anthropic’s Updated S-1: An $80.7BN Half-Year Loss, A $750BN Compute-Tab, And A ‘Catastrophic Incident’ Warning Three weeks ago, when the first leaked draft of Anthropic’s confidential IPO prospectus made the rounds, we noted that CEO Dario Amodei was preparing to take the company public at the exact moment the underlying math of the frontier AI trade had begun to turn against him. That September filing showed a company that […]

CME Plans World’s First Tungsten Futures As Booming Missile Demand May Spark Severe 2030 Shortage CME Group plans to launch the first tungsten futures contract as deepening resource nationalism, Chinese export restrictions, and rising demand from the global rearmament cycle intensify Western governments’ focus on securing conflict-free materials and highlight the industrial base’s urgent need to hedge future price risk. These new […]

SpaceX Earnings Preview: Equity Sees $125 Billion, Credit Sees 83 Cents Today after the close, SpaceX (SPCX) reports its second quarter as a public company, a day ahead of Tesla and (as Deutsche Bank puts it) “surprisingly early.” The first one did not go well: the stock slid despite a big revenue beat and closed down 14% the next day, wiping out some $225 billion in market value. This time, the sellside is mostly looking past the […]

Is YouTube Still Running Cover For Fauci? Authored by Peter Navarro via The Epoch Times, Anthony Stephen Fauci harmed millions of Americans by mismanaging the pandemic. Google’s YouTube and its woke censors helped him every step of the way. The pandemic is over. The censorship is not. YouTube still suppresses speech that threatens Dr. Fauci and the failed policies he built. The latest example is an interview I gave to Epoch […]

EU Accuse Trump Of Pushing Ukraine Into ‘Surrender’ As Witkoff Meets Zelensky In Oslo As President Trump ratchets the pressure on Zelensky, the expected furious voices out of the EU are at a fever pitch. EU High Representative Kaja Kallas on Tuesday rebuked the United States amid reports Washington has cut off intelligence-sharing, and after Trump signed a waiver preventing the Lindsey O. Graham Sanctioning Russia from being […]

The Simpsons Brings Back Apu As Irritable, Loud, And Unlikeable Authored by Steve Watson via Modernity.news, The Simpsons has finally let the the Indian character Apu speak again after nearly a decade of silence prompted by previous accusations of ‘racist stereotyping’ levelled at the show all stemming from the fact that a white actor voiced the character. However, what has now transpired perfectly illustrates what happens when […]

Iran Rejects Report That Deal Is ‘Close’ After Qatar, Pakistan Push ‘Compromise Proposal’ To End War Update(1117ET): The somewhat expected quick rejection is coming from the Iranians via newswires: IRAN-US TALKS CONTINUE, REPORTS DEAL IS CLOSE ARE WRONG And Israeli media: “At least once, the US Trump administration was ‘very close’ to approving an attack on Iran” i24 Stein’s reports citing sources. Oil bouncing back on the […]

RTX Boosts Outlook Again As Missile Demand Fuels Rearmament Supercycle RTX Corp., formerly Raytheon Technologies, raised its full-year outlook for a third straight quarter as the Western rearmament supercycle gathers momentum. Wall Street welcomed the earnings update: RBC Capital Markets called the results “strong,” Goldman Sachs highlighted a “solid quarter” with higher guidance, and UBS pointed to “accelerating defense growth.” […]

Voters More Worried About Iran War Than Immigration Or Crime: Polls Authored by Blaise Malley via Responsible Statecraft, As election day nears, two new polls show the Iran war has emerged as one of the most important issues shaping voters’ midterm decisions. Image Credit: San Francisco, CA USA – March 7, 2026: Anti Iran war protesters rally calling for an end to the US- Israeli war. (Phil Pasquini / Shutterstock.com) National […]

Don’t Let The Fed Steal Your Kids’ Future Authored by George Ford Smith via Mises Institute, The Federal Reserve’s inflation machine not only disrupts our lives now, but it also is making life even for difficult for those facing an uncertain future… My grandson is 21, pursuing a degree in college and active in sports and social life. His future looks bright. But he and others of his generation will enter that future with a […]

JPMorgan Takes JPM Coin To Ethereum For Institutional Clients: Report Authored by Ezra Reguerra via Cointelegraph, JPMorgan Chase, the world’s biggest bank by market capitalization, is expanding its JPM Coin deposit token to Ethereum. In an announcement sent to Cointelegraph, JPMorgan said JPM Coin represents US dollar deposits held at the bank and lets eligible clients transfer funds within seconds, around the clock. A […]

France Slaps Curfews On Riot-Plagued Cities As Report Links Unrest To Communists An 11 p.m. curfew took effect in parts of the Paris metro area on Monday, along with curfew restrictions in other cities, after the Macron government embarrassingly struggled for weeks to contain far-left social unrest and chaos that had spiraled out of control. Prime Minister Sébastien Lecornu said the measures helped restore calm overnight and will […]

Florida Issues Arrest Warrant For Former Cuban Leader Raul Castro Authored by Troy Myers via The Epoch Times, Florida is seeking to arrest former Cuban leader Raúl Castro over his alleged role in a conspiracy to shoot down and murder three U.S. citizens and one lawful resident aboard two civilian aircraft more than 30 years ago. The state arrest warrant was announced Monday by Florida Attorney General James Uthmeier, who […]

Loop Downgrades Apple As iPhone Rebound Shipment Hopes Slide Apple shares are down about 1% in premarket trading in New York on renewed concerns about iPhone demand. Loop Capital technology analyst Ananda Baruah downgraded Apple from “Buy” to “Hold,” citing slumping expectations that the company will recover lost iPhone shipments next year and warning that skyrocketing memory chip costs could further squeeze profit margins. Baruah […]

Mutatis Mutandis Not Ceteris Paribus By Michael Every of Rabobank 2026 has seen economists and strategists forced to accept that geopolitics, rather than being the odd ‘exogenous shock’, is a structural backdrop disrupting models and markets. If an economic or market call depends on a geopolitical one, it logically requires an entirely different skillset. Of course, people adapt. Six years ago, economists and strategists busily […]

Chinese Tech Giants Order $35 Billion Of Nvidia’s Latest ‘Compliant’ GPUs – Except There’s A Huge Problem ByteDance, Alibaba, and Tencent have ordered more than 3 million of Nvidia’s new RTX PRO 5500 workstation GPUs, representing a collective sticker price exceeding $35 billion, as Chinese tech giants scramble for export-compliant hardware amid ongoing U.S. trade restrictions, Reuters reported Tuesday, citing sources familiar with […]

Trump Unveils $8 Billion Harvest Fuel Relief Program To Support Farmers Authored by Travis Gillmore via The Epoch Times, President Donald Trump announced a new Department of Agriculture program offering $8 billion to farmers during harvest season, as rising diesel costs strain operations nationwide. “And when the Republicans win, we will pass even more funding for our farmers,” Trump told a standing-room-only crowd of thousands […]

As France Burns, Media Insists It’s ‘Mostly Peaceful’; Blames Right-Wing Influencers Authored by Steve Watson via Modernity.news, France is burning. Historic buildings torched, thousands of shops looted, streets turned into war zones, firefighters attacked, and police overwhelmed. The official line from Macron’s government, the BBC, and the rest of the compliant media is that this is about “education reform,” teacher shortages, […]

US Pending Home Sales Collapse To Record Lows In September And the housing market’s annus horribilis continues (existing home sales near COVID lows, mortgage rates at three year highs, homebuilder confidence at GFC lows, homebuyer confidence at record lows, housing starts near COVID lows)… After a very small rebound (+0.3% MoM) in August, US Pending Home Sales collapsed (-7.3% MoM vs -3.9% MoM exp) in September. That dragged  […]

US Ambassador Warns EU Of ‘Devastating’ Retaliation Over Tech Restrictions Authored by Owen Evans via The Epoch Times, European companies could face “devastating” retaliation from Washington if Brussels restricts American tech rivals, the U.S. ambassador to the European Union said on Oct 19. Ambassador Andrew Puzder told the Financial Times that European businesses should be wary of possible retaliatory measures, given the size […]

General Motors Shares Plunge 6% Despite $20 Billion Buyback Announcement And Earnings Beat General Motors shares are plunging more than 6% in premarket trading Tuesday, despite the automaker announcing a massive new $20 billion share repurchase program and reporting quarterly earnings that came in ahead of Wall Street expectations, according to Bloomberg News.  The selling comes as GM continues to grapple with a weakening U.S. […]

UK Sends Typhoon Jets To Support Saudis Amid Houthi Attacks The United Kingdom has on Tuesday announced yet more creeping escalation in the Yemen war. It is offering Saudi Arabia ‘defensive’ assistance by deploying its Typhoon fighter jets. The British Ministry of Defence claimed the warplanes and British pilots would operate only in a “defensive role” – though its yet to be seen what exactly this will mean. “The UK will fly […]

EU NatGas Hits 2022 Crisis Levels As Goldman Warns 150 Euros Could Be Next Back in late August, Goldman Sachs commodities expert Samantha Dart warned that EU natural gas prices would need to soar dramatically to discourage Asian LNG demand and shift cargoes to Europe amid disruptions at the Strait of Hormuz. *EUROPE’S GAS BENCHMARK EXCEEDS €90 FOR FIRST TIME SINCE 2022 — zerohedge (@zerohedge) October 20, 2026 Fast forward to […]

Housing Starts Collapse Near COVID Lows As Homebuilder Confidence Crashes Following the collapse of Homebuilder confidence (due to mortgage rates, war, and immigration apparently) and the still vast gap down to homebuyer confidence… …it should be no surprise that homebuilders are unwilling to Start building (Housing Starts -5.2% MoM in September and August revised down to a 5.9% MoM plunge) or even more forward looking, get […]

Futures Slip As Korean Data Center IPO Faceplant Revives Tech Rout, French Spread Blows Out US futures are lower, led by the Nasdaq, as Monday’s AI relief bounce fizzled overnight after South Korean data-center firm Elice cratered more than 30% in its trading debut, reviving doubts about who exactly will earn a return on the AI capex binge, while OpenAI is reportedly rushing to raise about $30 billion ahead of Anthropic’s IPO and […]