HUD is reviewing whether a decade-long initiative to increase homeownership among Black Americans improperly favored borrowers based on race.

...so much for all that "excess demand"?

Every time a grid-scale idea is announced, a microreactor goes critical…

"A small disruption now has outsized price consequences." 

"Unless you were playing Frisbee in the quad during Econ 101, you know the federal government shouldn't be sending taxpayer money to dead people," Kennedy said.

"Both aerospace and defense have simultaneously experienced major pullbacks and..." 

When the gas comes by truck at four times the price, the "behind the meter" model starts to look a lot like "behind the 18-wheeler."

The S&P 500 is holding up remarkably well, but the margin for error is narrowing as higher yields, rising oil, a stronger dollar, and a more leveraged AI capex cycle all add headwinds to concentrated equity leadership...

"Releasing over 700 files at once is not a demonstration of scholarship, but a demonstration of power..."

This was a good auction, but would have been much better if the market had more time to digest the news that OpenAI's revenue was, in fact, much lower than previously disclosed... 

The Nasdaq is at a record... Finding the investor who actually wants to own it at these levels is harder...

School systems cannot simply keep churning out people who do not have the basic skills needed to survive in life...

"Initial market feedback on iPhone 18 Pro & Pro Max is mixed vs. the 17 lineup." 

Blockchain analysts identified the US government wallet tied to the recovery of funds from the Bitfinex hack...

Investors want AI, but they want it through companies with balance sheets that can fund a trillion dollars of capex, not through a6x levered, 42-megawatt former Bitcoin miner... 

...risk/reward for tactical trades now firmly lower for yields... All else equal, falling rates should help RTY stabilize...

Omsk Oil refinery, very far from front lines, is Russia's largest...

"A potential takeover of Chipotle would eclipse Burger King's $11.4bn acquisition..."