“If regulators wouldn’t tolerate banks profiting from fraud, they shouldn’t tolerate it in tech.”

REAR VIEW: US to block NVIDIA's sale of scaled-back AI chips to China; Strong Canadian jobs report; Dismal UoM dataset; NY Fed SCE 1yr revised lower, 3-5yr left unchanged; Dems. to propose 1yr extension of Obamacare subsidies to end shutdown, but GOP aide said it is dead on arrival; Soft China trade data.

What student loan credit bubble? 

A lower court had previously blocked Senate Bill 12.

Orange Man Bad for Green...

So far, it ain’t too pretty...

"China’s regional authorities have reportedly said export controls from April remain in place so there is still a need for special export licenses and intrusive questions."

...bull markets usually don’t end with the Fed cutting rates and earnings growing double digits.

 

ASP Isotopes announced a private placement for convertible notes of their advanced materials subsidiary Quantum Leap Energy (QLE), in which investors would be none other than the Trump's boys, Eric and Donald Jr.

"The [for now] billionaire’s new deal isn’t about money. It’s about putting himself at the center of the way society operates – in his words, having "strong influence."

...Americans are the most miserable since at least 1980 (according to UMich)

"The under-the-hood price action feeling increasingly unsettling."

Crisis averted...

A lot of issues are now converging...

"Any reassuring news on employment data in the US, a potential end to the shutdown, or tariff news-flow could give markets a new boost."

If approved, the compensation plan could give Musk control of more than 25% of the company’s stock...

Take-Two said it’s giving the Rockstar Games “team some additional time to finish the game with the high level of polish players expect and deserve.”