Our farmers have never faced a “perfect storm” of this magnitude, and global food production is going to be way down in the months ahead...

Dow notched a record close, while it was reported that a final draft US-Iran agreement had been reached through Pakistani mediation and could be announced within hours, although this was later refuted.

Sources close to the company described the cuts as a course correction...

What if AI is inflationary, not disinflationary?

The move was confirmed by the U.S. Southern Command on Wednesday, the same day ex-Cuban leader Raúl Castro was indicted in the United States.

How many more programs were treated this way, and how much money is gone?

Reports claim that the final draft of US-Iran agreement has been reached with mediation of Pakistan, but gets ultimately denied; Trump says US will get Iran's Uranium, Iran says otherwise; Mixed reporting over whether Pakistan Army Chief to visit Tehran; Rubio says some progress has been made in talks with Iran; NVDA slips despite earnings & guidance beat; Initial & continuing claims little changed; Philly Fed turns negative; S&P Flash PMI mixed; Aussie employment unexpectedly turns negative, u/e rate rises; Dismal French Flash PMI; US awards quantum-related names IBM and GFS.

Some state lawmakers are focused on making leaving costly, while ignoring the reforms that could make staying attractive...

Spitballing plans... Day 83.

TINA and FOMO are not your friends... Gold is the everything hedge...

...as touts cooperation with Oman, with China & South Korea in direct contact.

...the legislation states that “no Federal funds may be used to create or make payments” tied to the Trump administration’s Anti-Weaponization Fund.

"False. Do your research." 

A trillion-dollar valuation would also make OpenAI, which has yet to make a profit and will reportedly make $30bn in annualized revenue this month, the 14th biggest company in the world by market capitalisation...

Mutual funds still carry their lowest Software exposure in over a decade.

Two thirds of faculty vote to approve cap on A grades for undergrads...

Global visible stock draws accelerated over the last week, bringing average May month-to-date visible stock draws to a record 8.7mb/d.