Solid 20Y Auction Stops Through With Above Average Foreign Demand The week’s lone coupon auction priced at 1pm when the Treasury sold $13 BN in 20Y paper, in a solid if not stellar auction. The auction stopped at a high yield of 4.883%, up from 4.817% in March and the highest since last July. It […]
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Iran’s Covert Oil Trade Persists As Tankers Breach US Blockade By Tsvetana Paraskova of OilPrice.com Iran continues to export its oil out of the Persian Gulf via the Strait of Hormuz using dark mode on tankers to move past the US blockade outside the world’s most vital oil chokepoint. At least two Iran-flagged supertankers fully
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Virginia Redistricting Rout Deals Major Blow To House Republicans Democrats’ decisive win in Virginia Tuesday night has dealt a significant blow to Republican hopes of retaining control of the House. By persuading voters to dismantle the state’s independent redistricting commission – created just six years ago – Democrats wiped out four Republican-held congressional districts. This
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Anthropic’s ‘Too Dangerous To Release’ AI Model Was Accessed By Discord Group On Day One Anthropic’s ‘Mythos’ model is extraordinarily dangerous. The company itself warned that it could autonomously identify and exploit zero-day vulnerabilities in every major operating system, every major web browser, and every critical software library on Earth. And because of this offensive
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US Law Firm Apologizes After AI Hallucinations Made It To Legal Filing Authored by Brayden Lindrea via CoinTelegraph.com, Wall Street law firm Sullivan & Cromwell has apologized to a federal judge after submitting a court filing that contained around 40 incorrect citations and other errors caused by AI hallucinations. “We deeply regret that this has
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After “Tectonic” Serra Verde Acquisition, Canaccord Reiterates Buy, Raises Price Target To $32 On USA Rare Earth In a new note out by Canaccord, the firm reiterates its BUY rating on USA Rare Earth and raises its price target to $32 from $29, arguing that the company is rapidly emerging as a cornerstone of a
Trump Admin Nears Possible Rescue Deal For Spirit Airlines As 14,000 Jobs At Risk The Wall Street Journal reports that the Trump administration is nearing a rescue deal for bankrupt Spirit Airlines that could include up to a $500 million loan in exchange for warrants that would give the federal government a potentially large equity
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A New Iran (Military?) Base Case By Michael Every of Rabobank Our central assumption for the Iran war had been that by end the third week of April at latest, the Iranian regime faction willing to make a deal in line with Trump’s tweets would have asserted itself over those who won’t, Hormuz would slowly
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WTI Extends Gains As US Oil Product Exports Hit Record Highs, Huge SPR Release, Production Dips Oil prices are modestly higher this morning, erasing overnight losses on Trump’s ‘ceasefire extension’ after Iran attacked three ships in the Strait of Hormuz. While headline roulette continues to drive oil prices incrementally, this morning’s inventory/supply data from DOE
Roblox Settles With 3 States Over Endangering Children, Will Pay $36 Million Authored by Naveen Athrappully via The Epoch Times, Online interactive gaming platform Roblox has agreed to settle with West Virginia, Alabama, and Nevada for a combined $35.78 million, committing to strengthen children’s safety through measures such as mandatory age verification and chat restrictions.
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