Masa’s $3.7 Billion Bonfire: SoftBank Posts $7 Billion Loss After Torching Deposits On AI Power Gear As Interest Costs Double Buy now, figure out the specs later. That, in one line, was SoftBank’s strategy for powering the biggest AI data center buildout on the planet. And on Tuesday, it sent Masayoshi Son the invoice: SoftBank Group reported a net loss of ¥1.12 trillion ($7.1 billion) for the July-September quarter, its first […]

Iranian Security Chief Pours Cold Water On Recent Positive US Negotiations Rhetoric Update(11:50ET): The last hour has seen a series of statements out of Iran which pour cold war on the recent ‘peace optimism’ coming out of Western headlines, as well as Gulf-sourced reports. This has moved oil prices higher. First, on Tuesday a top Iranian security official said as follows:Iran’s Security Chief Rezaei says they asked the Americans […]

The Other Shoe Has Dropped: DOJ Investigating Marc Elias In Peltola Scandal Case Authored by Tim O’Brien via PJ Media,On October 29, I openly wondered whether the “stench of Alaska’s Peltola scandal would spread to Marc Elias.” Wonder no more.According to Just the News, the shady leftist lawyer who is best known for his work smearing President Donald Trump with the Russiagate hoax is now implicated in a scandal that’s likely to […]

Even More Winning By Molly Schwartz, cross-asset macro strategist at RabobankBrent crude oil sank $4.60 to its lowest price since September, at $93.70/bbl on renewed hopes of world peace, as Trump announced over the weekend that it’s “highly unlikely” that we will order extensive strikes on Iran, assuming Iran signs a “very strong agreement.” The definition of what constitutes a “very strong agreement” may be flexible, […]

Rubio Says ‘No Need’ For Major Combat Operations In Iran, As Sanctions Are ‘Devastating’ US Secretary of State Marco Rubio is in Paris where he told a meeting of G7 ministers on Tuesday that the United States is “open to diplomacy” to end the conflict with Iran but that “the Iranian demands are totally unrealistic.”Tehran is not backing off its seven conditions, which include things like the removal of sanctions and the payment of […]

Why Nvidia’s Nightmare May Be Just Beginning Submitted by QTR’s Fringe FinanceJust to put a bow on the Jensen Huang saga, before this story broke in a big way, I wrote that investors should be preparing for more bad news across the AI trade. I still believe that’s the case, and arguably more so now than I did a few days ago.Just hours after I raised the question of whether Nvidia CEO Jensen Huang could be forced to resign…a […]

Anthropic Launches $100 Billion IPO Worth $1.4 Trillion… Or $1.0 Trillion, Depending On Who’s Counting Summary:Anthropic IPO Roadshow Begins CNBC Reports 20% Of Shares Allocated For Retail Goldman Sachs Leading Investment Bank on IPO IPO Debut Next Thursday, Nov. 19 Anthropic Launches $100 Billion IPO Worth $1.4 Trillion… Or $1.0 TrillionGoldman Lead Bank On Anthropic IPO Projects Revenue Of $600 Billion By 2030Goldman Sachs […]

Largest US Single-Family Landlord Settles FTC Lawsuit Over Alleged Deceptive Pricing Authored by Naveen Athrappully via The Epoch Times,The largest single-family rental property manager in the United States has agreed to pay $49.75 million to settle alleged charges that it deceived customers about rental prices.Progress Residential and owner Pretium Partners to pay $49.75 million to settle FTC and states’ charges over deceptive […]

Gaza-Born Socialist Challenging Fetterman In 2028 Is Running On His Biggest Red Line Philadelphia writer Ahmed Moor, a 42-year-old Democratic Socialists of America member born in Rafah, in southern Gaza, announced Monday that he will run in the 2028 Democratic primary for Sen. John Fetterman’s Pennsylvania seat, making him the first declared challenger to a senator who has increasingly sided with Republicans. Ahmed Moor via WGAL […]

Revealed: Huang Hired Crisis Management Firm Last Year; FBI ‘Looking Into’ Chinese Spy Case According To Trump President Trump said Monday that Nvidia CEO Jensen Huang told him he had no idea the woman he had a relationship with was a Chinese spy, and that Huang should not worry about the FBI. “I asked him that question: ‘Did you have any idea that she was a spy?'” Trump told reporters at a surprise White House briefing. “He said, […]

Senate Republicans Revolt Against Their Own Leaders A bloc of Senate Republicans led by Sen. Ron Johnson (R-WI) is pushing to postpone Tuesday’s GOP leadership elections, arguing that the conference needs time to examine its midterm election losses before it picks the leaders who will guide it in the minority. Sen. Ron Johnson and Sen. Rick Scott. (Finn Gomez/Getty Images) Democrats won control of the Senate with 54 seats, and […]

Binance Warns iOS Flaw Could Let Malicious Apps Steal Crypto Wallet Keys Authored by Zoltan Vardai via Cointelegraph,Cryptocurrency exchange Binance warned Tuesday that an iOS flaw could expose crypto wallet recovery phrases and private keys if a user runs a malicious app on an affected iPhone.Binance listed iOS 26.7.1, 27.0.1 and 27.2 among the affected versions that could allow malicious apps to read local files from other apps, […]

Ukraine & Russia Quietly Signal A ‘Little Flexibility’ On Territory In Abu Dhabi Talks The first day of trilateral talks between Russia, Ukraine, the United States held in Abu Dhabi has ended, with the second full day to take place Wednesday.The BBC, citing US officials, has said that Ukraine and Russia have privately shown “a little bit of flexibility” over disputed territory. via Reuters The US official still cautioned that […]

In Major Win For Nuclear Energy, Nearly Half Of Senate Democrats Join GOP To Advance Permitting Overall The Senate voted 73-25 on Monday evening to invoke cloture and open debate on the Bipartisan American Affordability and Jobs Act (BAAJA), the sweeping permitting overhaul written by Republicans Shelley Moore Capito and Mike Lee with Democrats Martin Heinrich and Sheldon Whitehouse.Supporters were hoping for 15 to 20 Democrats, […]

CPI Prints Hotter Than Expected; 50bps Rate-Hike Now On The Table As Fed’s Waller Sparks Hawkish Panic With today’s CPI print (and its ‘ghost’ YoY data and healthcare plug) on everyone’s mind, hawkish comments from Fed Governor Chris Waller already gave markets a jolt this morning, pushing bond yields off their lows, with the biggest moves at the US short-end. “If, as I expect, the monthly rate of inflation improves in October, I […]

Pentagon Scrambles Tankers From Second British Base, Weeks After Bombers Fled Fairford The U.S. military moved refueling tankers and other aircraft out of RAF Mildenhall in England on Monday over a reported Iranian threat, the Wall Street Journal reported, weeks after Washington pulled its B-1 bombers from RAF Fairford for the same reason.Two KC-135 tankers diverted to Germany early Monday, and several more left later in the day for […]

Futures Stall As Waller Threatens 50bps Hike Hours Before CPI; Brent Breaks Below $90 US futures are flat as a Waller hawkish curveball, hours before the October CPI report, took the air out of Wall Street’s best session in six months, while oil extended its slide on US-Iran diplomacy hopes and the Claude-maker Anthropic lined up what could be the biggest IPO ever; as a result the 2Y yield jumped 5bps to 4.61% and a December rate […]

Accused Charlie Kirk Assassin Tyler Robinson Won’t Face A Jury Until 2028 Authored by Janice Hisle via The Epoch Times,A Utah judge has set jury selection to begin in mid-2028 for Tyler Robinson, the 23-year-old accused of fatally shooting conservative commentator Charlie Kirk, 31, in September 2025.Before announcing his decision on Nov. 9 in Fourth District Court in Provo, Utah, Judge Tony Graf Jr. weighed the arguments of three […]

Moscow’s Statistics Agency Was Wiped Out By Hackers – Who Posted ‘Official’ Death Toll From War Two hacker groups say death records stolen from Russia’s federal statistics agency show between 393,881 and 450,100 people killed in the war in Ukraine, a total well above anything Moscow has acknowledged since it stopped publishing military losses in September 2022. The Belarusian Cyber Partisans put the figure at 393,881 as of Aug. 27, […]

“He’s Going To Beat The Hell Out Of You”: Trump Hands Dana White The Briefing Room Podium Authored by Travis Gillmore via The Epoch Times,WASHINGTON – UFC President and CEO Dana White took the podium in the White House press briefing room on Nov. 9 following President Donald Trump’s announcement last week that he was offering the UFC boss the position of White House press secretary.”I have zero political aspirations,” White, a […]

Watch: McConnell Sparks New Health Fears After Unsettling Reaction To Midterm Blowout Sen. Mitch McConnell (R-KY) is facing renewed scrutiny over his health after appearing to freeze when a reporter asked him about Republicans’ devastating midterm election losses.The 84-year-old Kentucky Republican was approached by Newsmax congressional correspondent Kilmeny Duchardt, who asked for his reaction to the GOP’s election setbacks and […]

“Angry Voters”: What Are We Angry About? Authored by Charles Hugh Smith via OfTwoMinds blog,Maybe voters are frustrated that no matter who they elect, nothing in the economic machinery of soaring inequality, debt and servitude changes.Here’s the mainstream summary of the midterm election results: Angry Voters Usher in Beginning of the End to the Trump Era. And what are voters angry about? It’s a fairly lengthy shopping list:”Many […]

Russia Flatly Rejects EU Role In Abu Dhabi, While Brussels Insists Will Be At Table Trilateral talks between Russia, Ukraine, and the US are set to begin Tuesday and run through Wednesday, but there’s already a serious disagreement brewing involving representation at the negotiating table.On Monday European Commission President Ursula von der Leyen announced in a post on X that the EU would have representatives at the talks, stating […]

Nordic Power Prices Could Soar This Winter As Hydropower Reserves Plunge Authored by Tsvetana Paraskova via OilPrice,Low water levels in hydropower reservoirs and soaring natural gas prices are putting upward pressure on power prices in the Nordic countries as winter approaches, Denmark-based energy trader Mind Energy says.The surge in gas prices and potentially reduced hydropower generation in southern Norway and Sweden could lead […]

France Blames Iran For Cyberattack That Paralyzed Supermarket Freezers, Vows Retaliation For “Sabotage” France accused Iran’s Islamic Revolutionary Guard Corps of masterminding last month’s cyberattack, which disrupted 700 of the country’s 10,000 supermarkets and struck deep inside the country’s food supply chain.Foreign Minister Jean-Noël Barrot said earlier today in Paris that the IRGC’s operation marked the first large-scale […]