Intel Shares Fall After Lawsuits Claim US Chipmakers Aided Russian Weapons

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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.


Deep Discounts Tempt Indian Refiners To Seek Non-Sanctioned Russian Oil

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Combined, IndianOil and Bharat Petroleum have purchased in recent days 10 cargoes of non-sanctioned Russian crude, including Urals...


This is The Cheapest Hedge in AI/Global Macro

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Got HYG put spreads?

FOMC Preview: What Is The Bigger Risk, A Hawkish Cut Or A Dovish Cut

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"Only thing that can stop Santa Claus rally is "dovish" Fed cut causing a sell-off in long-end." - Michael Hartnett


Goldman's Hedge Fund Honcho Offers "Something To Do While We Wait For The Fed"

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...18 (mostly macro) charts upon which to pontificate pre-Powell


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Russia Rejects New Zelensky Offer Of 'Energy Ceasefire' As Grid Repair Woes Worsen

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Meanwhile Ukraine detains cargo vessel carrying Crimean grain...


WTI Holds Losses After Big Product Inventory Builds, US Crude Production Nears Record Highs

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...biggest gasoline build in a year.


Silver Shrugs Off 'Hawkish Cut' Fears; Goldman Traders Note 'It's Different This Time'

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Surrounding the 2024 hawkish cut, Silver traded poorly; futures participants and ETF holders liquidated...


The Fiddle-All Reserve

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The RBA fiddled. The BOE may fiddle. The RBNZ may fiddle. The BoC are taking a rest from fiddling. The Fed is still fiddling - and the Fed is being fiddled with.


China's DeepSeek Using Banned Nvidia Chips To Develop Next Major Model

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Nvidia calls the claim 'farfetched'


Cold Crypto Breeze - No Buyers, No Flows

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MSTR and other DATs previously boosted BTC demand via leverage and equity sales, but that playbook is no longer viable under current valuations.

Beige Books Justify Market's Pricing For Deeper Fed Cuts

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Market pricing for a deeper rate cutting cycle may be at odds with the Fed’s more hawkish rhetoric after the October FOMC meeting, but it looks justified by recent trends in the central bank’s own Beige Book...


USA Rare Earth Shares Volatile After Accelerating Timeline For Commercial Production By Two Years

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USAR now expects commercial production at Round Top in late 2028—two years ahead of its prior schedule.


Inflation's Belated Rise In China Is A Good Sign For Stocks

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Stimulus appears to be slowly working through the Chinese economy, pushing consumer inflation higher...


F-18 Fighter Jets Flew Deep Inside Gulf Of Venezuela In Closest Approach Yet

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lingered in the airspace for some 40 minutes...


Futures Flat With Fed Rate Cut, Oracle Earnings On Deck

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"What the market needs at this moment is a clearer policy signal from the Fed."


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CFTC Starts Pilot Program Allowing Crypto As Collateral In Derivative Markets

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...will allow futures commission merchants (FCM) to accept Bitcoin, Ether and Circle’s stablecoin USDC for margin collateral.


Trump To "Make Phone Call" Over Thai-Cambodia Border Crisis As 500,000 Flee

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"Forces of the Royal Thai Army, supported by M1126 "Stryker" Infantry Fighting Vehicles, advance into a residential..." 


No Wonder The World Seems Deranged...

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...it is deranged by the immense strength of an Old Guard clinging onto power by any means available even as the world around them spins into incoherence.


State Department Has Revoked 85,000 Visas Since January, Official Says

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Many of the top reasons cited for the revocations include DUIs, assaults, and theft.