Oracle posted disappointing cloud revenue, signaling it will take longer than expected for the company’s recent huge AI bookings to pay off. 

Russell breaking up big here. Upper part of the channel is way higher...

Fed cuts rates as expected but with bigger support than anticipated; Powell leans net dovish, noting of increased downside risks to labour and job growth overstatement; US seizes oil tanker near Venezuela; US employment costs print slightly soft; US manufacturers reportedly pull back harder on parts and raw materials due to trade and tariff uncertainty; BoC holds rates as expected; China reportedly weighs NVDA chip purchase in an emergency meeting; Bytedance & BABA reportedly keen to place large NVDA H200 chip orders; Kazakhstan to raise oil exports; Chinese CPI comes in hot Y/Y as expected; EIA crude stock draw smaller than expected; GEV provide impressive update; EU set to fine GOOGL over Google Pay breaching EU rules.

We really do live in a “Big Brother society”, and the potential for tyranny is off the charts...

...3 dissents, downside risks to employment rose, Fed will begin buying T-Bills on Dec 12th...

Markets undertook the 'QE trade' today... after the less-hawkish-than-feared Fed cut...

"I can't go to things where there's the general public because I'm..." 

"Even though the dot plot shows just one 25-bp cut in 2026 — markets are pricing two — our view is that the Fed will end up cutting by 100 bps next year"

Utterly joyless...

The most critical aspect of the print will not be the reported numbers but instead the commentary and directional color they provide on path of CapEx, amount of financing required to fund $0.5T in backlog, etc.

Real rate-differentials are modestly supportive of the dollar despite widely-expected easing of the US policy rate...

Will Powell let the Dots do the talking? Or will he help spoil the Christmas party with his own brand of bah, humbug?

President Trump confirmed...

The special directive orders the Chicago Transit Authority act on public safety concerns by Dec. 19...

Cracker Barrel is a case study for every other casual dining chain. 

It was always meant to prop up the faltering crony healthcare system...

"We clear the Fed, they sound a bit hawkish, we get the reflexive 'ah, I knew they’d be hawkish' relief, but it doesn’t take you far while rates and credit keep things contained." 

... a real negative curveball after this week's rate cut could be the next Fed move being a hike in 2026. Given what's happened internationally in the last couple of weeks, Jim Reid warns that it shouldn't be completely ruled out...

“Today I got a call that he got up from bed. Do you believe that? He got up, he got up,”

The filings claim the companies’ components were found in Iranian-made drones tied to Intel and AMD, as well as Russian Iskander and KH-101 missiles.