Economy & Finance

Treasury Rushes To Access Anthropic ‘Mythos’ AI After Warning It Can Hack “Every Major Operating System” The US Treasury Department’s technology team is actively seeking access to Anthropic PBC’s highly restricted Mythos AI model so it can begin hunting for software vulnerabilities, according to a person familiar with the situation cited by Bloomberg.  Illustration via WIRED […]

With Private Credit We See The Credit Cycle Hasn’t Been Repealed Authored by Jay Rogers via RealClearMarkets.com, Something cracked in private credit this month, and the men who manage systemic risk for a living are saying so. Goldman Sachs CEO David Solomon’s just-released 2025 annual shareholder letter warns that concerns about private credit – including

Fill ‘er Up: Record Armada Of Tankers Bound For US Gulf To Load Oil An unusually large number of crude oil tankers on the open seas has the American Gulf coast as a destination as the ships are redirected to load cargoes bound for markets around the world already experiencing shortages. As Alton Wallace writes at The Center Square, second-term Republican

JPM Stock Fizzles Despite Blowout Quarter As Key Forecast Cut One day after Goldman Sachs reported its highest profit in 5 years (despite an ugly miss in FICC revenues), this morning JPMorgan impressed with just as solid results, when it reported that its Q1 profits rose 13% as the bank benefited from soaring market volatility

Chinese Tanker U-Turns, Iran Mulls Hormuz Shipping Pause To Preserve Talks, Avoid Trump Blockade Showdown Summary Diplomacy is not yet dead, as Bloomberg reports Iran is mulling a short-term pause to shipments through Hormuz Strait, in order to avoid a fresh clash with US forces & avoid testing Trump’s blockade. Mediators are scrambling to put

United CEO Pitches Trump On American Tie-Up To Build Highly Competitive Global Carrier A Reuters report stated that United Airlines CEO Scott Kirby “pitched” a merger with American Airlines during a recent meeting with President Trump. Shares of both carriers rose in premarket trading in New York following the report. Two sources told the outlet

Xi Says “Global Order Crumbling Into Disarray” As Trump Turns Up Pressure Campaign On China President Trump’s four-and-a-half-month crusade across the Western Hemisphere, and now into the Middle East, increasingly looks like a massive blitz to acquire – or control – energy assets and maritime chokepoints as part of a broader economic pressure campaign against

US Producer Prices Cooler Than Expected In March Despite Surge In Energy Costs The month-over-month change in producer prices had accelerated for five straight months ahead of today’s March data, which is expected to surge thanks to Iran-war impacts on energy costs. Against expectations of a 1.1% MoM rise, March’s Headline PPI shocked everyone by

Futures Rise, Nasdaq Up 10 Days In A Row, On Iran De-escalation Optimism US equity futures, and global stocks rise while oil slides on a Reuters report that negotiating teams from the US and Iran could return to Pakistan later this week to resume negotiations to end the war in the Gulf, days after the

Fearing Iranian Escalation In Red Sea, Saudis Push Trump To Call Off Hormuz Blockade Wary of Iranian escalation that shuts down Red Sea traffic, the Kingdom of Saudi Arabia is asking the Trump administration to back off from its newly-implemented blockade of Iranian-linked shipping in the Strait of Hormuz, the Wall Street Journal reported on