...chronic deficits, exploding public debt, and engineered inflation are now eroding Japan’s purchasing power, competitiveness, and monetary stability...

"We don’t want to hold athletes accountable for the actions of their government."

Japan strongly protested the launch near its waters...

US CENTCOM announced that forces have begun launching a series of powerful strikes in response to Iranian attacks on three commercial vessels transiting through the Strait of Hormuz. Explosions have been reported in Sirik, Qeshm and Bandar Abbas.

"Hiding the signal in the system prompt makes every other privacy claim harder to believe."

...is Ebonics making a comeback?

Always helping their own...

The ruling could open the door to challenges against state laws governing the conduct of released sex offenders...

REAR VIEW: Iran attacks ships in Strait of Hormuz, including Qatari & Saudi vessel; US Treasury revokes Iran-waiver; US say Iran actions will be met with consequences; Japan Economy Minister rejects reports of pushing for lower rates; Deepseek is reportedly developing its own AI chip; AMZN files for 8-parter; US trade deficit widens; Fed's Williams said monpol is in a good place; UK Reform leader Farage resigns as MP, calling Clacton-on-Sea by-election; NY Fed SCE rise; Stellar 3-year note auction.

...how about the ISIS flag?

Chinese authorities have held meetings with top tech firms over the past month about potentially restricting overseas access to China's most advanced AI models, including those yet to be released. 

... active deleveraging among both Equity L/S and Quant funds in the US and Japan, amid heavy Memory (AI) degrossing.

"there are parts of the Credit Markets, currently at generational tights, that we think offer an asymmetric + convex overlay-hedge for macro or multi-asset portfolios for Risk-Off"

...the durability of the US economy, superb earnings growth and unrelenting household sponsorship... versus a more complicated AI narrative and an accumulation of speculative leverage...

He's now 'taking time' to consider the path forward...

"Video shows two columns buckled inside a Midtown building under construction. Dozens were evacuated..." 

This was a very strong 3Y auction which curiously comes in a very ugly day for the bond complex, which seemingly oblivious of the strong primary demand, has pushed 10Y yields to a session high of 4.523%, the highest since June 10, and rising fast.