Tohoku Electric: 800 buildings without power after Japan quake

It's a busy week for both economic news and central banks, with all roads pointing to Wednesday’s FOMC, where overwhelming consensus is for the Fed to deliver a final and third 25bps rate cut for 2025.

"WBD shareholders deserve an opportunity to consider our superior all-cash offer for their shares in the entire company."

Farmers have expressed rising frustration over the slow pace of Chinese purchases

In the new model, they assign roughly $55 per share of value to autos, $40 to energy, $145 to Network Services, $125 to robotaxis and $60 to humanoids, adding up to the $425 target.

...the fine was not “just an attack on @X, it’s an attack on... the American people by foreign governments.”

A successful deal would be IBM’s largest in years, furthering its pivot toward AI...

. “We expect Powell to emphasize that the hurdle for further cuts in early 2026 is high, signaling a near-term pause. This guidance will be key to maintaining credibility.”

Flávio Bolsonaro’s announcement that he’ll run for president next year, with the backing of his father Jair Bolsonaro - the jailed former president barred from holding office - spooked markets Friday...

...low implied volatility and firmer prompt spreads signal a better balanced or slightly tighter near-term market, rather than one braced for a sudden collapse...

The Fed will need to buy at least... $25b/mto reverse the reserve over drain, for at least the first 6 months.

...these symptoms - narrative delegitimization, institutional fracturing, and crisis fabrication - raise concerns of a partisan bid to subvert democratic mandates.

"Our region cannot afford to see long-standing disputes slip into cycles of confrontation." 

“We want to ensure that the Western Hemisphere remains reasonably stable and well-governed enough to prevent and discourage mass migration to the United States.” 

CTAs are now a tail wind... the speed of vol retrace is increasing... after the least volatile week in years ...dispersion in 2026 is consensus, and fully priced