Hyperscalers are using creative SPVs to hide the commitment of spending ahead of demonstrated monetization, and as a result headline capex figures materially understate the economic commitment to the AI buildout...
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African-American becomes first human to be worth over $1,000,000,000,000...
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NS
Higher hyperscaler capex forecasts sit somewhat awkwardly alongside falling token costs, open source models and local inference...
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"SpaceX turned a competitive moat into an ocean of opportunity that we don't see others crossing."
Ongoing worries in the US about stagflation where equities typically struggle in a slow growth high inflation environment...
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...raised the financing cost for hedge funds to take bullish wagers on SK Hynix and Samsung Electronics shares via swaps
BlackRock capped redemptions from its flagship private credit fund for the second straight quarter after investors sought to pull about 13%, and increase from 9.3% in the first quarter.
...lower-income consumers exhibited a particularly strong sentiment increase...
The U.S. Attorney’s Office for the District of Columbia, led by Jeanine Pirro, has reportedly issued subpoenas to several major banks...
...it’s a rare occurrence for equity supply to turn positive, and such occasions are rarely good news for the market...
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“Markets would believe the deal is reached when we have the actual agreement signed and the Strait of Hormuz can be opened. For now, markets are in relief mode that further escalation can be avoided.”
Recent volatility is a precursor to more ahead...
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NS
...ECB rate-hikes, ORCL ugly, hot PPI, Token spend drops, and yet another POTUS pivot...
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“It’s probably the most hopeful IPO"
NS
"consensus 2027 hyperscaler capex estimates are too conservative."
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...markets reconcile ambition with economic scarcity...
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Asian based ETFs have continued to accumulate gold even as holdings in the US and Europe have started to roll over...
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