Nobody Special Finance
Nobody Special Finance delivers daily business and finance news and analysis. The podcast covers market developments, economic trends, and financial topics. Episodes aim to provide listeners with clear insights into current events in the world of money and commerce.
Episodes
South Korean Stocks Sell Off on China Memory Chip News
Trading on the South Korean Kospi index was halted yesterday after a sudden selloff in memory stocks was triggered by news of a breakthrough at Chinese rival CXMT as AI bubble worries continue to pile up.Support the Channel on
Banks Struggle to Offload Datacenter Debt
A group of big banks has struggled for six months trying offload billions of dollars of debt tied to Oracle data centers. Now the banks are lowering prices and offering Significant Risk Transfers (SRTs) instead raising questions about just how much appetite there really is for the endless stream of new debt being issued by the AI industry.Support the Channel on
OpenAI's Revenue Run Rate is $20 Billion Less Than Reported
Tech stocks sold off yesterday on reports that OpenAI's run rate, a fictional accounting statistic that is not recognized by auditors or regulators, was $20 billion less than previously reported. Support the Channel on
Broadcom to Help OpenAI Raise Another $50 Billion in Debt
Another day, another AI debt story. This time it's Broadcom helping OpenAI to raise another $50 billion just a day after SpaceX announced their own $40B debt deal in a year that has seen AI companies tap debt markets for hundreds of billions even despite rapidly rising interest rates.Support the Channel on
SpaceX Adds Another $40 Billion to AI Debt Bender
SpaceX is borrowing yet another $40 billion to buy Nvidia chips in a financing deal being led by Apollo, who had some interesting things to say about the risk of such debt just a few days ago.Support the Channel on
S&P Opens at All Time Highs As Yields Relax and Oil Flows
Friday's decision by France to avoid a US export ban by releasing crude oil and diesel reserves has resulted in welcome respite for the global bond market and energy prices. But how long can it last?Support the Channel on
Larry Ellison and Oracle Have a Debt and Power Problem
The Ellison Family and the corporations they control have been on a debt bender for the last few years and it's starting to show in the bond and CDS markets as investors begin to wonder about their "Larry Ellison Risk." Making matters worse is the story of yet another Oracle datacenter being delayed by regulatory approval of the transmission lines that would power it.Support the Chan
Jobs Report Disappoints Casting Doubt on Next Fed Move
The US economy added fewer jobs than expected in September combined with some big downward revisions to prior months. This has traders betting the Federal Reserve will not hike interest rates at their October meeting.Support the Channel on
China Bans Diesel Exports as US Threatens the Same if EU Doesn't Help
China has effectively banned diesel exports in the latest blow to global fuel inventories as the US is threatening to join in with it's own ban if Germany and France don't release their some of their own diesel reserves.Support the Channel on
Oil Up Despite Saudi Pipeline Restart
Oil is higher this morning despite some encouraging supply news out of Saudi Arabia after both Iran and the US planted their feet and refused to budge on their demands for ending the conflict.Support the Channel on
France Sending Troops, Air Defenses to Protect Saudi Oil
French President Emanuel Macron says French soldiers, radar, and air defense systems will be deployed to Saudi Arabia to protect the vital oil port of Yanbu from Houthi attacks. Moments later he reassured the world that France was not getting involved in the conflict(?).Support the Channel on
Global Bonds Selloff After PMI Data and Disaster Auction Send Yields Soaring
There was mayhem in global bond markets yesterday as investors punished US treasuries following a combination of higher energy prices, an inflationary PMI reading, and a disastrous 5 year bond auction. Meanwhile AI debt continues to compete with Uncle Sam for increasingly scarce liquidity.Support the Channel on
Trump Pushes Diesel Ban Amid Record Prices
President Trump is pushing for a US ban on diesel exports as prices continue to make new highs daily. That will almost certainly make things worse.Support the Channel on Patreon
Oil Falls Again on Diplomatic Hopium
The price of oil is falling again this morning after unconfirmed reports out of Iran offer a glimmer of hope that a diplomatic solution to the war in Iran might be foundSupport the Channel on P
OpenAI Will Burn Through $278 Billion By 2030
OpenAI will burn through $278 Billion over the next three years according to a Friday news dump that Sam Altman was hoping you missed. Meanwhile pension fund managers are finding that "diversification is an illusion" as AI risk is now everywhere you look.Support the Channel on
Palantir CEO Says OpenAI and Anthropic's Goal is be Nationalized
Palantir CEO Alex Karp made waves yesterday when he claimed in an interview that the AI safety narrative is being used to hide the real goal of OpenAI and Anthropic which is to get nationalized in order to shield themselves from liability.Support the Channel on
Market Rallies Following Fed Rate Hike
Just about everything is rallying this morning, reversing yesterday's broad selloff following the expected rate hike at the Federal Reserve. So now what?Support the Channel on Patreon
OpenAI Needs Money Again | Asian Oil Buyers Scramble
OpenAI needs money again, and with their IPO stalled that means they are once again turning to a private funding round, this time at an eye-watering $1.2 trillion valuation. Meanwhile Saudi Arabia has cancelled September loading of crude oil following the Houthi attacks on their east-west pipeline. This has buyers from all over the world scrambling to find supply in the spot market.Support the Cha
Private Credit Defaults Hit 6.3% and Software Isn't The Problem
For months, the prevailing narrative in the financial press surrounding private credit has been a) the worst is behind us and b) the problem is AI disruption of software. Well you can forget everything the financial press has told you about private credit because a recent report from Fitch says the exact opposite is true.Support the Channel on
Tech Falls as AI CEOs Call For Slowdown | Oil Rips on Pipeline Damage
Tech stocks are selling off this weekend after Anthropic CEO Dario Amodei published an essay calling for a slowdown in the pace of AI development with OpenAI CEO Sam Altman and SpaceX CEO Elon Musk quickly chiming in to support the idea. Meanwhile oil is higher this morning after initial damage assessment from the recent Houthi attacks on the Saudi East-West Pipeline suggests the multi-million bar
CPI Shows Inflation at 3.4%, Oil Drops Despite Headline Risk
The Consumer Price Index (CPI) came in at 3.4% for August, in line with expectations but still high enough to convince most that The Federal Reserve will raise interest rates at next week's FOMC. Meanwhile oil is sharply lower this morning after ripping higher yesterday amid a flurry of headlines from the middle east.Support the Channel on
PPI Inflation Hits 5.4%, Oil Breaks $100, 10yr Hits 4.9%
Inflation, crude oil, and long term interest rates are all higher this morning driving stocks and metals lower.Support the Channel on Patreon
Bessent Talking Smack to Yen Carry Traders, Brent Crude Hits $100
Scott Bessent is out with some fighting words for Yen Carry Traders this morning as the Yen continues to strengthen. Be careful what you wish for, Mr Secretary. Meanwhile oil is rising again after a series of escalations in the Strait of Hormuz saw multiple tankers sunk and a missile barrage launched at US bases in Jordan.Support the Channel on
Here's Everything You Missed in Private Credit's Friday News Dump
The private credit industry waited until you were distracted by the start of a long holiday weekend before they dumped several stories about bad loans, a developer collapse, resigning CEOs, and hundreds of millions in fraud exposure. Here is everything they were hoping you missed.Support the Channel on
Blowout August Jobs Report | The Yen Carry Trade is Unwinding
The August jobs report showed the US added 162K jobs for the month with a further 55K in upward revisions to previous months. Meanwhile there is an important story developing in Japan as the Yen Carry Trade appears to be unwinding, reversing years of capital flow out of Japan to the rest of the world with major implications for US tech and bond markets.Support the Channel on
They're Messing With The Yen Again, Oil Higher on Inventory Draw
The Japanese Yen is once again surging against the dollar this morning in what appears to be another episode of "Yentervention" where entities such as the Japanese Finance Ministry, The Bank of Japan, or even the US Treasury dump dollars and buy Yen to support the struggling currency. Elsewhere oil is higher this morning as US exports surge to offset supply disruptions caused by the war
Chevron Makes First Move in Venezuela, Data Points to Frozen Job Market
Chevron will spend $7 billion to roughly double it's Venezuelan oil production over the next five years, a relatively small yet symbolic move marking the first US oil major to invest in expanding production there since the Maduro raid back in December. Meanwhile several data points released since yesterday point toward continued weakness in the labor market ahead of Friday's all-important
Interest Rates Rise as Global Bond Selloff Continues
Interest rates are rising all over the world this morning as an ugly mix of inflation expectations and liquidity concerns are punishing long bonds in the US, UK, and Japan. Support the Channel on Patreon
Market Adjusts to Hawkish Warsh, Oil Up on Iran and Venezuela News
Markets are resetting their expectations for Fed rate hikes this morning after Kevin Warsh struck a notably hawkish tone Friday afternoon in his speech at Jackson Hole. But not all market participants are convinced Warsh will back up the tough inflation talk with action. Meanwhile oil prices are higher this morning after a busy weekend of geopolitical developments involving Iran and Venezuela.Supp
Markets Hold Breath Ahead of Jackson Hole and Annual Jobs Revisions
Markets are quiet (for now) ahead of Fed Chairman Warsh's speech at Jackson Hole and the annual benchmark revisions to the nonfarm payrolls reports.Support the Channel on Patreon
Nvidia Rips on Earnings, Magic Johnson's Insurance Co Under Scrutiny
Nvidia reported another quarter of significant revenue growth which is great news to anybody who can't read a 10Q and doesn't care about accounting fraud. Meanwhile Magic Johnson is the latest professional sports icon to be caught up in the Mark Walter Insurance Fraud scandal.Support the Channel on
PCE Shows Stubborn Inflation, Retail Earnings Indicate Consumer Stress
PCE Inflation came in slightly higher than expected doing little to change the market's current state of confusion regarding the Federal Reserve's next move on interest rates. Meanwhile earnings from Dick's Sporting Goods and Kohl's points to a consumer that is cutting back amid that stubbornly high inflation.Support the Channel on
Scott Bessent vs The World
If Scott Bessent wishes to defend the dollar, the solvency of the US government, and date Ramona, then he must first vanquish the dollar's Seven Evil Exes.Support the Channel on Patreon
Treasury Floats Using TGA for Buybacks, Nvidia Buying It's Customers
There's more jawboning in the bond market this morning as anonymous sources at the US Treasury Department claim Scott Bessent could tap the nearly trillion dollar Treasury General Account to fund buybacks. Meanwhile Nvidia is making more "strategic investments" in two of it's own customers this morning.Support the Channel on
Gold, Silver, and Bitcoin Rip: The Debasement Trade is Back For Now
The debasement trade is back! While the bond market debates whether or not Scott Bessent will succeed in capping long term interest rates, dollar alternatives gold, silver, and bitcoin are ripping higher just because he's trying in the first place.Support the Channel on
Stocks Fall on Walmart Earnings as Bessent Pump Proves Temporary
US Stocks are lower ahead of the open today after Walmart posted it's slowest sales growth in six years stoking concerns about the health of the US consumer. Meanwhile bonds are giving back yesterday's gains amid worries that Scott Bessent's historic intervention will provide only temporary relief from the underlying fiscal recklessness and inflation fears that are driving yields highe
Treasury Dept Announces Liquidity Pump, OpenAI's Very Bad Day
After several days of bond market turmoil, the US Treasury Department has announced they are doubling the size of their treasury buybacks in order to shore up liquidity at the long end of the yield curve with stocks and bonds both reacting sharply. Meanwhile OpenAI had a very bad day yesterday casting further doubt on it's prospects for a successful IPO.Support the Channel on
Interest Rates Rising All Over The World, Crack Spreads Blowing Out
Borrowing costs are increasing across the globe as fiscal recklessness, inflation expectations, and runaway AI spending have debt investors demanding a higher rate in exchange for tying up their money for decades at a time. Meanwhile the price of refined fuel has hit an all time high relative to crude oil and the targeting of energy infrastructure in Europe and the Middle East is disrupting refine
The AI Bubble is Now Competing With the US Govt For Debt Issuance
The numbers are already into the hundreds of billions, and by some metrics even the trillions. The AI bubble has borrowed money from anyone and everyone willing to lend and they're still coming up short. This does not end well.Support the Channel on
Yen Carry Traders Rebuild Yen Shorts Juicing Tech Bubble
When Scott Bessent bailed out the Japanese Yen earlier this month, he triggered an instant rally in US and South Korean tech stocks that has the S&P500 making new records.Support the Channel on Patreon
July Producer Price Inflation Comes Lower Than Expected
The July PPI report came in lower than expect and down sharply from June adding to bets that the Federal Reserve will leave interest rates unchanged at the next meeting in September.Support the Channel on Patreon
CPI Comes in at 3.4%, Missing Fed Target For 65th Consecutive Month
The Consumer Price Index (CPI) for the month of July came in at 3.4% year over year, in line with market expectations. Are you not relieved?Support the Channel on Patreon
Wall St Circles Wagons Around Nvidia with $500B of Other People's Money
The biggest asset managers on Wall Street are getting together to commit half a trillion dollar of other people's money in the latest desperate attempt to keep the AI bubble inflated just as the SEC removes the investor protections put in place after the 2008 Financial Crisis.Support the Channel on
Intel to Sell $15B of Stock, River Levels in Europe Threaten Food and Power
Intel is the latest tech company to issue new stock joining the ranks of Google, Meta, Oracle, Supermicro and SpaceX as companies tap every corner of the market to raise capital for AI investments. Meanwhile drought in Europe is causing threats to chemical production, grain exports, and power generation as water levels in key waterways have fallen to record lows.Support the Channel on
The July Jobs Report Was Bad...Really Bad
The US economy lost 23 thousand jobs in July vs expectations for a gain of 80 thousand. But it gets much worse than that. More than a hundred thousand jobs were lost to downward revisions along with a drop in labor force participation rate suggesting an increasing number of people have given up looking for a job.Support the Channel on
Google & Softbank Tap Debt Market Again, Iran Freezes its Own Oil Co
Google and Softbank are once again borrowing tens of billions of dollars in their endless quest to keep the AI bubble inflated by burning ever-larger amounts of money. Meanwhile the Iranian state oil company has had it's accounts frozen by an Iranian state-owned bank as the war over the Strait of Hormuz enters it's sixth month.Support the Channel on
Texas Halts New Data Center Approvals, SpaceX Reports For First Time
Texas has become the second state to put a moratorium on new datacenter approvals, joining New York in slowing the relentless buildout that threatens the stability of the power grid. Meanwhile SpaceX stock is selling off after reporting better than expected results that were offset by an increase in AI Capex plans.Support the Channel on
Caterpillar and Palantir Rip on Earnings
Both Caterpillar and Palantir shares are sharply higher this morning after the two reported stronger than expected earnings and revenue growth driven by artificial intelligence.Support the Channel on Patreon
Oil Sharply Lower on Deal or No Deal, US and Japan Tag Team Yen
Oil is off by more than 6% this morning after President Trump called off a planned attack on Iran. Meanwhile the Japanese Yen is surging after the largest Japanese FOREX intervention in history entered it's third day with the help of the US Treasury and Federal Reserve.Support the Channel on
KOSPI's Best Day Ever, A 3-Way Yentervention, Amazon Earnings Rip
The South Korean stock market just had it's best day in history punctuating a week of runaway volatility that wiped out millions of retail investors. Meanwhile Japan, Korea, and The US appear to have made a coordinated intervention in forex markets yesterday in order to prop up the flailing Japanese Yen. As all this happens, the US market is still digesting earnings from hyperscalers included
Microsoft Beat, Meta Miss, Bond Market Punishes Warsh Inaction
Meta and Microsoft are moving in opposite directions this morning after posting diverging earnings with both companies decided not to raise their capex for the first time in years. Meanwhile the bond market is punishing Fed Chair Kevin Warsh for moving too slowly to fight inflation.Support the Channel on
SK Hynix Miss Triggers Panic in Korea, Oil Spikes on Iran Attack
Despite gravity-defying year over year growth, SK Hynix managed to disappoint shareholders when they reported earnings yesterday trigger yet another panic sell off in South Korea. Meanwhile oil is spiking this morning after Iran launched a surprise missile attack against a US base in Jordan.Support the Channel on
KOSPI Tanks on Chinese AI Competition and Nvidia Round Tripping
Last night saw another brutal trading session in South Korea as the KOSPI index dropped nearly 11% on fears of increasing Chinese AI competition and a breakdown of the circular financing that has inflated the AI bubble.Support the Channel on
Oil Falls as Both Sides Just Kinda Stop Shooting, Nvidia's Biggest Round Trip Yet
The price of oil is sharply lower this morning after a sudden pause in strikes between the US and Iran. There was no ceasefire agreement or peace talks, they just stopped shooting. Meanwhile Nvidia is poised to launch it's biggest circular financing scheme yet with a $250 billion backstop of OpenAI's lease of an Ohio datacenter that would allow Softbank to borrow the hundreds of billions n
South Korean Stocks Triggers Circuit Breaker For 10th Day in A Row
The South Korean KOSPI index dropped 5.7% triggering circuit breakers for an unprecedented 10th consecutive day as the AI Mania has driven retail investors to pile into risky and often misunderstood levered ETFs that are prone to dramatic price swings.Support the Channel on
Oil Spikes After Houthis Hit 2 Ships, Google and Tesla Drop on Capex
The Houthis have followed through on their threat and attacked two Saudi oil tankers in the Bab Al Mandeb Strait sending oil sharply higher and driving the US 10 year yield back above 4.7%. Meanwhile Wall Street is punishing Google and Tesla for increasing their capital expenditures on AI yet again despite a lack of anything resembling a return on investment.Support the Channel on
Supermicro Rips on Order Backlog, OpenAI Model 'Goes Rogue' In Marketing Stunt
Shares of Supermicro Computer (SMCI) are sharply higher this morning after the legally-trouble company announced their order backlog had grown to $60 billion and operating margins had improved substantially. Meanwhile OpenAI's new models have "gone rogue" and hacked Hugging Face in what appears to be a publicity stunt aimed at duplicating a similar move by Anthropic with their Mythos
China Props Up AI Stocks, Big Tech Hidden Debt Hits $1.65 Trillion
"The National Team" in China was piling into a chip-heavy ETF last night signaling to the market that the Chinese govt would support tech shares amid the historic volatility seem over the past month. Meanwhile US Hyperscalers off-balance sheet debt has now reached a staggering $1.65 trillion according to a study by Nikkei.Support the Channel on
Oil Volatile on Ceasefire Proposal and Rejection, Houthis Embargo Saudis
The price of oil has moved several dollars down and back this morning after reports of a ceasefire proposal by Qatari mediators followed immediately by Iranian rejection of the proposal and a threat from the Houthis to target Saudi shipping in the Red Sea.Support the Channel on
Tech Sells Off After China's Moonshoot Releases New AI Model
Tech stocks are selling off hard this morning after another night of volatility in Asia triggered by the release of yet another AI model, this time Chinese AI startup Moonshot has released their new Kimi K3 model, triggering worries about a price war and the ongoing lack of any return on the massive investments made in AI infrastructure.Support the Channel on
South Korea Limits Levered ETFs as Volatility Explodes
South Korean regulators have taken steps to rein in trading of levered ETFs as volatility in the KOSPI index has exploded in the first half of this year. Just two companies, SK Hynix and Samsung, and the ETFs that track them now account for 70% of daily trading volume.Support the Channel on
June Producer Inflation Falls to 5.5% on Volatile Energy Prices
The Producer Price Index (PPI) came in lower than expected this morning adding to yesterday's CPI headline which showed energy prices caused a rapid deceleration of prices in June thanks to the now-defunct MOU between the US and Iran. Support the Channel on
CPI Much Lower Than Expected, IBM Crashes on Earnings Miss
The Consumer Price Index (CPI) showed US inflation was much lower than the market was expecting for the month of June, driven largely by a decline in energy prices due to the now-defunct MOU between the US and Iran. Meanwhile IBM stock is crashing this morning after the company reported earnings and revenue that missed expectations due to IBM's customers prioritizing AI capex spending.Support
Apple Sues OpenAI for IP Theft, AI Price War Breaks Out
Apple has sued OpenAI for theft of IP "at every level" accusing the company of recruiting Apple employees while encouraging those employees to steal hardware and trade secrets. Meanwhile the frontier AI labs are now caught up in a price war as the rapidly commoditizing industry contends with pushback against token prices and a new wave of Chinese competition.Support the Channel on
China Vanke Property Losses Grow, Japanese Pensions to Prop Up Yen
The collapse of the Chinese housing market is still getting worse five years after the demise of Evergrande. China Vanke, once the biggest developer in China, has filed a report with regulators stating that their losses in the first half of the year will exceed those from a year ago due to decline sales and asset impairments. Meanwhile Japanese regulators have a new plan to shore up the falling Ye
European Car Makers are Dying, Hormuz Traffic Grinds to a Halt
Yesterday it was Mercedes and today it's Porsche and Volkswagen. European carmakers are being crushed by a combination of US tariffs, oversupply of cheap Chinese EVs, and the high cost of doing business in Europe. Meanwhile the traffic through the Strait of Hormuz has ground to a halt after two days of renewed fighting between the US and Iran.Support the Channel on
Trump Says Iran Ceasefire is Over, Japan Payment Provider Collapses
Oil rose and stocks fell after President Trump said the Iran Ceasefire was effectively over during a press conference at the NATO summit in Turkey last night. Meanwhile Zentoshin, a Japanese payments processor that services over 200,000 merchants has collapsed triggering concern about contagion risk for regional banks and secondary bankruptcies among the small businesses it serves.Support the Chan
Samsung's 19X Earnings Growth Disappoints...Somehow
Samsung stock sold off overnight despite posting a mind-boggling 19 fold increase in quarterly profits due to the ongoing memory shortage caused by the AI bubble. The volatility in South Korean chip stocks continues to blow circuit breakers on a near-daily basis.Support the Channel on
Strategy Reports Sale of 3,588 Bitcoin and $8.3B Unrealized Loss
The price of Bitcoin is falling once again this morning after an 8K from Michael Saylor's Strategy revealed that the company had sold thousands of bitcoin over the prior few days to fund dividends, as well as the departure of the Chief Accounting Officer and $8.32 billion in unrealized losses on their bitcoin hoard.Support the Channel on
Blackstone Pulls Out of Massive Virginia Datacenter, Private Credit Goes From Bad to Worse
Blackstone has pulled out of a massive $100 billion datacenter project in Prince William County, Virginia, the second firm to do so after Brookfield pulled the plug in May. Meanwhile the Private Credit industry has gotten even worse in the second quarter as investors requested more money than last quarter while getting back less.Support the Channel on
Jobs Report Disappoints, Meta's Overcapacity Triggers Bubble Fears
The June Jobs report showed the US economy added roughly half as many jobs as the market was expecting, not to mention significant downward revisions to the numbers from April and May. Meanwhile Meta's plan to sell excess AI compute capacity has thrown the AI bubble into chaos as the narrative of "insatiable demand" falls apart triggering a selloff in neocloud stocks and chip makers.
Trump Made Over a Billion Dollars on Crypto Since Taking Office
President Trump has released a 927 page financial disclosure form for 2025 that shows the president made over $1.2 billion from his various business interests, in particular his crypto ventures which didn't end well for the investors who bought them.Support the Channel on
Supermicro's Taiwan Office Raided for Chip Smuggling
The Taiwan office of Supermicro Computer was raided yesterday along with three affiliated companies and the homes of six individuals in a widening probe of illegal sales of AI servers containing Nvidia GPUs to China.Support the Channel on Patreon
Strategy to Sell Bitcoin and Buyback Stock, BIS Warns on AI Bubble
Michael Saylor's Strategy has published a press release detailing their plans to raise cash to cover dividends and debt service cost as well as buyback company stock and digital credit securities, all paid for by selling bitcoin. Meanwhile the Bank of International Settlements is warning that the AI Bubble could trigger and economic calamity...if only somebody had warned us about this years ag
South Korean Stocks Tank Again After Apple and OpenAI News
The rampant volatility in global tech stocks in continuing this morning after another selloff in South Korean stocks triggered market circuit breakers. News of Apple raising prices due to memory shortages and OpenAI potentially delaying their IPO sent tech stocks reeling once again as the AI Bubble continues to show signs of weakness.Support the Channel on
Tech Stocks Rally on Micron Earnings, PCE Inflation Hits 4.1%
Micron's big beat and raise last night is driving the Nasdaq sharply higher this morning. Meanwhile Personal Consumption Expenditures (PCE) showed inflation rising to 4.1% year over year in May.Support the Channel on Patreon
SK Hynix Massive $29B US Listing, Wendy's is Latest Meme Stock
South Korean memory chip maker SK Hynix is joining in on the big tech stock issuance frenzy with a plan to sell $29B worth of ADRs to US investors. Meanwhile shares of fast food maker Wendy's are ripping this morning as the reddit traders appear to have engineered a short squeeze.Support the Channel on
Brutal South Korean Selloff Spreads to US Tech Stocks
South Korean stocks took a beating overnight after a selloff that began with SpaceX and US hyperscalers spread across the pond triggering a 10% decline in the KOSPI index. That panic is continuing this morning with the Nasdaq off by more than 900 points ahead of the opening bell.Support the Channel on
Hormuz Traffic Increases, Starmer Resigns as UK Prime Minister
It was a volatile weekend for the Strait of Hormuz that saw wild swings in both tanker traffic and the rhetoric between the US and Iran. Meanwhile UK Prime Minister Keir Starmer has resigned paving the way for Andy Burnham to become the sixth UK Prime Minister in 7 years.Support the Channel on
The Iran Deal is Falling Apart Already
Well that didn't take long.Support the Channel on Patreon Support the Channel by
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