"If you want the American dream, you have to take the American values..."

The market has been pricing one AI race... in reality, the technological frontier, the usage frontier and the profit frontier are already beginning to diverge...

Broadcaster tries to subpoena Don Jr, Ivanka and Kushner after Secret Service blocks its process servers...

Freeport-McMoRan, First Quantum Minerals... 

...fraudulently secured more than $1.5 million in COVID-19 small-business loans to fund his election campaign and pay personal taxes and mortgages.

Momentum (ignition) gives, and momentum (ignition) taketh away...

"This is why Americans are falling into the socialism trap when they should be blaming statism, not capitalism." 

The FBI assigned Fang the codename "Rusty Thumbs" 

Implied dispersion in the S&P 500 is falling sharply as the market tilts away from semis stocks, underlining the risk from a correlation shock...

Amid much speculation on whether US would embrace or reject it...

...the familiar bust-and-boom cycle of socialism, where failure is used to call for even more radical changes.

The residual risk that could still upend the entire soft-landing narrative sits in the Strait of Hormuz - and the oil market is already flashing warning lights...

Washington is seeking to bridge differences between Israel and Hamas over implementation of a Trump-backed plan for lasting regional peace...

Key economic data releases this week are the import prices report (due to potential implications for core PCE), the Philadelphia Fed mfg index and PMI prints; The minutes to the FOMC’s July meeting will be released on Wednesday.

Global 30-year government bond yields will keep grinding higher, driven by elevated inflation, the AI spending boom and widening budget deficits.

...gross domestic compute is becoming an increasingly important element of strategic autonomy and the power a country can project on the global stage.