What if AI is inflationary, not disinflationary?

The move was confirmed by the U.S. Southern Command on Wednesday, the same day ex-Cuban leader Raúl Castro was indicted in the United States.

How many more programs were treated this way, and how much money is gone?

Reports claim that the final draft of US-Iran agreement has been reached with mediation of Pakistan, but gets ultimately denied; Trump says US will get Iran's Uranium, Iran says otherwise; Mixed reporting over whether Pakistan Army Chief to visit Tehran; Rubio says some progress has been made in talks with Iran; NVDA slips despite earnings & guidance beat; Initial & continuing claims little changed; Philly Fed turns negative; S&P Flash PMI mixed; Aussie employment unexpectedly turns negative, u/e rate rises; Dismal French Flash PMI; US awards quantum-related names IBM and GFS.

Some state lawmakers are focused on making leaving costly, while ignoring the reforms that could make staying attractive...

Spitballing plans... Day 83.

TINA and FOMO are not your friends... Gold is the everything hedge...

...as touts cooperation with Oman, with China & South Korea in direct contact.

...the legislation states that “no Federal funds may be used to create or make payments” tied to the Trump administration’s Anti-Weaponization Fund.

"False. Do your research." 

Looking at the world around us, from foggy geopolitics to gyrating financial headlines, one can’t help but think, as the Jedi knights would say, that there seems to be “a disturbance in the force.”

A trillion-dollar valuation would also make OpenAI, which has yet to make a profit and will reportedly make $30bn in annualized revenue this month, the 14th biggest company in the world by market capitalisation...

Mutual funds still carry their lowest Software exposure in over a decade.

Two thirds of faculty vote to approve cap on A grades for undergrads...

Global visible stock draws accelerated over the last week, bringing average May month-to-date visible stock draws to a record 8.7mb/d.

... the media does not report risk, it reports drama...

...from elevated RAI levels very positive returns were less likely, but the frequency of small corrections has increased...

The private Telegram backchannel allegedly allowed Jane Street to unwind hundreds of millions in potential exposure “mere hours before” the Terra ecosystem’s $40 billion collapse...

The drill involved 64,000 troops, over 200 missile launchers, more than 140 aircraft, 73 surface warships and 13 submarines, including eight armed with nuclear-tipped ICBMs...

All property in the United States belonging to individuals sanctioned as part of this effort is now frozen...