Another One Bites The Dust: Nvidia-Backed Firmus Slashes IPO Price 25% As AI Data Center Window Slams Shut Two weeks ago, when SoftBank’s SB Energy pulled the marketing of its giant IPO meant to find its even more giant data center, we wrote that “slowly the data center dream is turning into a nightmare” (“SB Energy Delays IPO Funding World’s Largest Data Center Amid Investor Revolt, Public Outcry”, Sep 22). Two days later we went a […]

Russia’s Crown Jewel Refinery Ablaze After Drone Strike, Data Center Also Hit In War First Ukrainian drones have hit a major Russian industrial hub and oil refinery which lies very far away from the front lines of fighting, in Western Siberia, north of the Kazakh border. The Omsk Oil refinery and industrial complex is located well over 1500 miles from the Ukrainian border. Regional Governor Vitaly Khotsenko […]

Guacaccino? Starbucks Explores Chipotle Takeover In Potential Record QSR Mega-Deal Chipotle Mexican Grill shares jumped in the early US cash session after a Financial Times report said Starbucks has explored acquiring the Mexican-style quick-service food chain. FT says Starbucks executives have worked with advisers in recent months on a takeover proposal for Chipotle, which has a market value of nearly $41.3 billion. The report is […]

Trump Admin Cracks Down On Foreign Worker Fraud: Bans MSFT From H1-B Program, Probes 9 Colleges Over J-1 Visas, Hikes Costs For Students In the last 24 hours, the Trump administration has announced three major efforts to crack down on foreign worker/student visa fraud. First, US ⁠Vice President JD Vance ​said on Thursday that the ‌federal government is suspending tech giant Microsoft from a program to apply for green cards […]

The Gas Station Gets Its Gas: NANO’s Laser Enrichment Partner Takes Delivery Of Its First Uranium Last week NANO Nuclear bought the license to handle the back end of the fuel cycle. This week, the front end showed up in a cylinder. On Thursday morning, LIS Technologies (LIST), the privately held laser enrichment company in which NANO Nuclear (NNE) is a shareholder and strategic partner, announced that it has accepted its first […]

Explosions Rock Riyadh’s International Airport Amid Houthi Attack, Travelers Evacuate King Khalid International Airport in Riyadh has come under Houthi attack once again on Thursday, and may have suffered a hit, as eyewitnesses have told Reuters of smoke rising from an aircraft at the major travel hub in the Saudi capital. Some new, unverified shocking images emerging… 🚨BREAKING: Footage Confirms Yemen Destroyed A Saudi […]

Golden Naked Trump Statue Unveiled At European Parliament A golden statue of a naked Donald Trump is on display at the European Parliament in Strasbourg, France, at one of the busiest intersections connecting two of the Parliament’s buildings, and is scheduled to stay until Thursday. Named Orange Plague, the 8.5-foot sculpture shows the US president holding justice scales and a long golf club, its ball made to look like the world, […]

Consumers May Be Eligible For Up To $280 In Equifax Credit Reporting Settlement Authored by Bill Pan via The Epoch Times, Millions of consumers whose credit information was inaccurately reported by Equifax because of a coding error may be eligible for compensation from a proposed $100 million class-action settlement. Equifax Inc. corporate offices in Atlanta on Sept. 8, 2017. Tami Chappell/ReutersThe settlement covers U.S. […]

Iran Expands Tanker Assaults Beyond Narrow Confines Of Hormuz In Rare Escalation Iran has significantly widened its maritime operations by shifting attacks beyond the narrow confines of the Strait of Hormuz into the broader waters of the Persian Gulf and the Gulf of Oman. Over a recent 24-hour window, the Islamic Revolutionary Guard Corps (IRGC) may have struck two commercial ships outside traditional chokepoints, including a […]

Thumos-Maxxing By Benjamin Picton, senior market strategist at Rabobank US sovereign yields steadied yesterday as a 10-year bond auction saw strong investor demand. $39bn of bonds were sold with a high yield of 5.30% with a bid to cover ratio of 2.77x and low primary dealer takedown. The result signals that investors are beginning to view government debt as attractive at current levels and eased fears of a disorderly correction in […]

Jobless Claims Confirm ‘Low-Hire, Low Fire’ Economy For the fourth week in a row, the number of Americans filing for jobless benefits for the first time printed below 200k (197k) implying the layoff/separation rate is extremely subdued. Employers are not cutting headcount in any meaningful way – job security for people who already have jobs is still pretty good. California saw by far the biggest jump in initial claims… […]

Blame The Parents… Authored by Steve Watson via Modernity.news, First-graders generally do not walk into reading class with a loaded 9mm, shoot the teacher, and then dare the police to come get them. But in this case, that is exactly what happened. Body-camera footage from a shooting at Richneck Elementary in Newport News, Virginia, was released this week after over three years of being sealed. The video shows a 6-year-old, […]

Futures Slide As Oil Jumps On Iran Strike Report, Bond Rout Resumes Ahead Of 30Y Auction US equity futures are lower, extending Wednesday’s decline, with the S&P sliding further from Tuesday’s record high as oil spikes on reports that Trump may order fresh strikes on Iran before the midterms, a tanker was hit off Qatar in the first strike deep inside the Persian Gulf in about a month, and an approaching storm has shut some US […]

Le Pen Seen As Most Credible Presidential Candidate As French Bonds Suffer Worst Decade Since 1803 France’s politicians seem to be getting a dire warning from the bond market: rein in reckless spending or risk a fiscal crisis as borrowing costs skyrocket.  UBS strategist Julien Conzano, head of European macro credit strategy in London, sees bond market pressure pushing both the crisis-stricken Macron government and Marine Le […]

One Year For Killing A Young Father… Authored by Steve Watson via Modernity.news, A Copenhagen court has handed a one-year sentence to the African-born repeat offender who punched Swedish police officer and father of two Christian Zedig to death at a World Cup fan zone this past Summer. The killer pleaded guilty and he will not appeal. The sentence is so lenient because under Danish law, killing a man who stepped in to ‘stop a […]

25% Of US Offshore Gulf Oil Output Shut As Hurricane Isaias Nears, Threatens Refineries Hurricane Isaias forced offshore oil and natural gas producers in the Gulf of America to halt a sizable amount of production as the Atlantic’s first hurricane of the season churned toward the coast, with potential landfall impacts across portions of Louisiana, Mississippi, Alabama, and the Florida Panhandle. Isaias had sustained winds of 75 […]

Pentagon Prepares ‘Options’ For Trump To Strike Iran Before Midterms; Tanker Attacked Off Qatar Update(1615ET): The Atlantic is reporting Wednesday afternoon that the Pentagon is preparing strike options for the Commander-in-Chief to consider, and that Trump may actually pull the trigger before the midterm elections – though the report emphasizes that the decision is still being debated: After months of on-again, off-again […]

Qatar Masses Tanker Fleet With 2% Of Global LNG Shipping Capacity Ongoing tensions in the Gulf region pushed Brent crude futures back above $101 a barrel. Reports of Houthi attacks in Saudi Arabia, missile interceptions near Riyadh, and concerns about tanker attacks in the Strait of Hormuz have produced a lot of uncertainty about supplies ahead of the Northern Hemisphere winter. In recent weeks, crude flows through the Strait of […]

US Troops Face Month-Long Curfew In Okinawa After Alleged Murder Authored by Chris Summers via The Epoch Times, The U.S. military in Okinawa, Japan, is pausing operations for 48 hours, imposing a month-long curfew, and conducting training after a Marine was arrested on suspicion of robbing and murdering a Japanese woman. MV-22 Osprey aircraft sit on a runway at Marine Corps Air Station Futenma in Ginowan, Okinawa prefecture, […]

“You’ve Got Mail”: China Got Its Hands On F-35 Stealth Parts Because A UPS Worker Missed An Email Forget hackers, honey traps and photon-counting lasers. China’s latest haul of F-35 secrets apparently came courtesy of an unread email. According to a new Bloomberg report, the F-35 cockpit canopy and weapons-bay door that ended up in Beijing’s possession were routed through Hong Kong because a United Parcel Service (UPS) employee […]

Tanker Crews Running Hormuz Describe Risky Tactics: Lights Out, Sandbags Up, Hugging Coast The Trump administration has been boasting of bigger than ever war time oil transit flows through the Strait of Hormuz, but it is happening still at great risk to tankers, captains, and crew members. American forces “have assisted thousands of ships through the Strait of Hormuz in recent months by providing coordinated protection,” […]

Macron Goes Full Orwell Authored by Jonathan Turley via JonathanTurley.org, French President Emmanuel Macron went full Orwell this week. While long the darling of Western media, Macron has been one of the most anti-free-speech leaders in the world. This week, he declared that “The so-called American ‘free speech’ today, which some people have promoted, is the opposite of free speech.” Having Emmanuel Macron holding forth on free […]

Ebola Patient Dies As Disease Spreads To Kenya A Kenyan man who had lived in Congo for seven years tested positive for Ebola caused by the Bundibugyo virus, Kenyan authorities said on Oct. 6. He traveled by vehicle to Kampala, Uganda, flew into Nairobi on Saturday, was isolated at a city hospital on arrival, and died Monday, the first Ebola death in Kenya’s history. Kenyan Secretary of Health Aden Duale briefs reporters on an Ebola […]

Spain’s Government Revives Rent Cap Decrees Ahead Of Snap Election Authored by Owen Evans via The Epoch Times, Spain’s Socialist-led government on Tuesday reapproved two housing decree laws that Parliament rejected last week, a defeat that prompted Prime Minister Pedro Sánchez to dissolve the country’s Legislature and call a snap election. Spanish Prime Minister Pedro Sánchez, who is also a leader of the ruling Socialist Party, […]

Germany’s Political Firewall Against The AfD Party Is Crumbling Authored by Remix News Staff via Remix, After yesterday’s vote in the Saxony-Anhalt Landtag, the Alternative for Germany (AfD) now holds the office of state parliament president for the first time in any German state. After winning the role, which is similar to a speaker position, 35-year-old Tobias Rausch sent shockwaves through the German political establishment […]