Microreactors Rack Up Wins With Grid-Scale Plants Stuck At Planning Meetings At the smaller end of the nuclear industry, tangible progress is becoming easier to find every week. Equipment is getting manufactured and delivered, safety reviews are being completed, and uranium is being split apart. This is painfully contrasted against what the grid-scale reactor side of the house has to show for the past couple years of the […]

Hurricane Shuts 63% Of US Gulf Oil Output, Threatens Refineries; Jefferies Warns Of “Fuel Supply Event” Summary: Hurricane Isaias Landfall Forecasted For Late Friday/early Saturday  Major US Refineries In Hurricane’s Projected Path  63% Of US Offshore Gulf Oil Output Shut  25% Of US Offshore Gulf Oil Output Shut As Hurricane Isaias Nears, Threatens Refineries Hurricane Isaias Shutters 63% of US Gulf Oil Production Bloomberg […]

Trump Treasury Blocks $175 Million In Federal Payments To Dead Recipients Authored by AG News Staff via American Greatness, The Treasury Department blocked $175 million in federal payments from going to deceased recipients in fiscal year 2026 as the Trump administration expanded efforts to prevent fraud and improper government spending. Treasury screened more than 1.1 billion federal payments totaling approximately $3.7 trillion […]

Citi Calls Aerospace, Defense Stocks “Close To Major Tactical Bottom” After Brutal Selloff US aerospace and defense stocks have been tracking lower as Polymarket odds assign Democrats a higher chance of taking the Senate. The chart below shows the S&P 500 Aerospace & Defense index approaching bear-market territory, down roughly 20% from its summer high, as Polymarket’s implied probability of Democratic Senate control topped […]

From Force Majeure To Forced Haulage: Oracle Is Now Trucking Natural Gas To Its AI Data Centers Two weeks ago, Oracle told the world that Project Jupiter, its massive 2.45GW New Mexico mega-campus for OpenAI, was “on schedule.” It also sent a force majeure notice to the developer. Today we found out how it plans to square that circle: with a lot of trucks. According to Bloomberg, Oracle has been quietly keeping several data […]

‘Bunker Mode’: OpenAI’s Jaw-Dropping Math Blitz Draws Boycott, Warning Over Crypto Wallets OpenAI just unleashed hundreds of AI-generated mathematical papers in a single release, which include breakthroughs on problems that have frustrated researchers for generations. The pace of discovery here has started to freak out mathematicians – who are now calling for a boycott – while top minds in crypto are raising a chilling question: […]

Mediocre 30Y Auction Prices At Highest Yield Since August 2000 After a subpar 3Y auction on Tuesday, and a stellar 10Y yesterday, moments ago the Treasury concluded the week’s final coupon sale when it sold $22BN in 30Y paper in an average auction.  The 30Y sale priced just after 1pm, stopping out at a 5.618% high yield, up sharply from 5.308% in September, and the highest since August 2000! The high yield stopped through the […]

Yes, The Public Education System Is Broken Authored by Amy Denton via PJ Media, I have been in education for a long time. My first teaching job came two weeks after my younger nephew was born. His birthday is next week, and he’ll be 29. Take out the five years when I was working in retail and going to graduate school, and I’ve been a teacher for 24 years. There is not enough money in the world to tempt me back into public […]

Nasdaq Tumbles After FT Reports OpenAI Revenues Disappointing …and just like that, the massive AI CapEx boom “excess demand” narrative is in doubt… The Financial Times reports that OpenAI’s annualised revenue is about $20bn less than has been previously signalled, according to financial documents shared with investors, a massive gap likely to damp optimism about the growth of AI demand. The company has recently told […]

Apple CEO Ternus Faces First Big Test As Bernstein Finds Soft US iPhone 18 Pro Demand John Ternus’ first big test at Apple is launching the premium iPhone 18 lineup and the likely delayed iPhone Duo, which reportedly faces production difficulties ahead of its October launch. The latest sign of iPhone demand came Monday from Bernstein technology analyst Mark Newman, who said global iPhone sales rose in August, extending an 18-month […]

Trump Declares He Won’t Attack Iran Before Midterm Elections, Oil Plunges Summary Oil plunged after Trump said on Truth Social the US will not attack Iran before the November midterms. Late Wednesday reports said Pentagon was ordered to prepare Iran attack options for before midterms. Iran expanded tanker attacks beyond the Strait of Hormuz into the Persian Gulf and Gulf of Oman. In Saudi Arabia, Riyadh airport suffers direct […]

US Government Moves $1BN In Seized Bitcoin After $770MM Transfers By Cointelegraph The US government completed another major transaction involving seized cryptocurrency hours after moving a significant amount of Bitcoin to a Coinbase Prime wallet. Blockchain data from Wednesday showed that a wallet associated with crypto seized by the US government had transferred more than 12,267 Bitcoin (BTC), worth more than $1 billion at the […]

Another One Bites The Dust: Nvidia-Backed Firmus Slashes IPO Price 25% As AI Data Center Window Slams Shut Two weeks ago, when SoftBank’s SB Energy pulled the marketing of its giant IPO meant to find its even more giant data center, we wrote that “slowly the data center dream is turning into a nightmare” (“SB Energy Delays IPO Funding World’s Largest Data Center Amid Investor Revolt, Public Outcry”, Sep 22). Two days later we went a […]

Russia’s Crown Jewel Refinery Ablaze After Drone Strike, Data Center Also Hit In War First Ukrainian drones have hit a major Russian industrial hub and oil refinery which lies very far away from the front lines of fighting, in Western Siberia, north of the Kazakh border. The Omsk Oil refinery and industrial complex is located well over 1500 miles from the Ukrainian border. Regional Governor Vitaly Khotsenko […]

Guacaccino? Starbucks Explores Chipotle Takeover In Potential Record QSR Mega-Deal Chipotle Mexican Grill shares jumped in the early US cash session after a Financial Times report said Starbucks has explored acquiring the Mexican-style quick-service food chain. FT says Starbucks executives have worked with advisers in recent months on a takeover proposal for Chipotle, which has a market value of nearly $41.3 billion. The report is […]

Trump Admin Cracks Down On Foreign Worker Fraud: Bans MSFT From H1-B Program, Probes 9 Colleges Over J-1 Visas, Hikes Costs For Students In the last 24 hours, the Trump administration has announced three major efforts to crack down on foreign worker/student visa fraud. First, US ⁠Vice President JD Vance ​said on Thursday that the ‌federal government is suspending tech giant Microsoft from a program to apply for green cards […]

The Gas Station Gets Its Gas: NANO’s Laser Enrichment Partner Takes Delivery Of Its First Uranium Last week NANO Nuclear bought the license to handle the back end of the fuel cycle. This week, the front end showed up in a cylinder. On Thursday morning, LIS Technologies (LIST), the privately held laser enrichment company in which NANO Nuclear (NNE) is a shareholder and strategic partner, announced that it has accepted its first […]

Explosions Rock Riyadh’s International Airport Amid Houthi Attack, Travelers Evacuate King Khalid International Airport in Riyadh has come under Houthi attack once again on Thursday, and may have suffered a hit, as eyewitnesses have told Reuters of smoke rising from an aircraft at the major travel hub in the Saudi capital. Some new, unverified shocking images emerging… 🚨BREAKING: Footage Confirms Yemen Destroyed A Saudi […]

Golden Naked Trump Statue Unveiled At European Parliament A golden statue of a naked Donald Trump is on display at the European Parliament in Strasbourg, France, at one of the busiest intersections connecting two of the Parliament’s buildings, and is scheduled to stay until Thursday. Named Orange Plague, the 8.5-foot sculpture shows the US president holding justice scales and a long golf club, its ball made to look like the world, […]

Consumers May Be Eligible For Up To $280 In Equifax Credit Reporting Settlement Authored by Bill Pan via The Epoch Times, Millions of consumers whose credit information was inaccurately reported by Equifax because of a coding error may be eligible for compensation from a proposed $100 million class-action settlement. Equifax Inc. corporate offices in Atlanta on Sept. 8, 2017. Tami Chappell/ReutersThe settlement covers U.S. […]

Thumos-Maxxing By Benjamin Picton, senior market strategist at Rabobank US sovereign yields steadied yesterday as a 10-year bond auction saw strong investor demand. $39bn of bonds were sold with a high yield of 5.30% with a bid to cover ratio of 2.77x and low primary dealer takedown. The result signals that investors are beginning to view government debt as attractive at current levels and eased fears of a disorderly correction in […]

Jobless Claims Confirm ‘Low-Hire, Low Fire’ Economy For the fourth week in a row, the number of Americans filing for jobless benefits for the first time printed below 200k (197k) implying the layoff/separation rate is extremely subdued. Employers are not cutting headcount in any meaningful way – job security for people who already have jobs is still pretty good. California saw by far the biggest jump in initial claims… […]

Blame The Parents… Authored by Steve Watson via Modernity.news, First-graders generally do not walk into reading class with a loaded 9mm, shoot the teacher, and then dare the police to come get them. But in this case, that is exactly what happened. Body-camera footage from a shooting at Richneck Elementary in Newport News, Virginia, was released this week after over three years of being sealed. The video shows a 6-year-old, […]

Futures Slide As Oil Jumps On Iran Strike Report, Bond Rout Resumes Ahead Of 30Y Auction US equity futures are lower, extending Wednesday’s decline, with the S&P sliding further from Tuesday’s record high as oil spikes on reports that Trump may order fresh strikes on Iran before the midterms, a tanker was hit off Qatar in the first strike deep inside the Persian Gulf in about a month, and an approaching storm has shut some US […]

Le Pen Seen As Most Credible Presidential Candidate As French Bonds Suffer Worst Decade Since 1803 France’s politicians seem to be getting a dire warning from the bond market: rein in reckless spending or risk a fiscal crisis as borrowing costs skyrocket.  UBS strategist Julien Conzano, head of European macro credit strategy in London, sees bond market pressure pushing both the crisis-stricken Macron government and Marine Le […]