A $47.9B quarter confirms Home Depot can win the small-project fight. The big-ticket remodel remains hostage to a housing market…
Google’s AI Reshuffle Is a TPU War
The Hassabis shift and the Dean exit are symptoms. The chip allocation fight is the disease.
The Best Earnings Season Since 2008 Is Now the Problem
A record Q2 beat rate has raised the bar so high that even a strong H2 may disappoint.
$963B in Interest. The Japan Risk Nobody Is Pricing.
The CBO's August update just raised the debt-service alarm. The 30-year auction Thursday is where the real stress test begins.
Iran Just Set a 2029 Clock. MPC Is the Trade.
An Iranian adviser signaled the Hormuz standoff may last into 2029. Marathon Petroleum just posted $17.73 in adjusted EPS. The…
Gold at $4,350. The Sideline Cash Is the Story.
A surprise jobs loss just handed underweight investors the year’s most uncomfortable entry signal.
The Governor Just Made This Deal Harder
Virginia's SCC clock is running. A first-ever gubernatorial intervention landed this week. The arb math just got more complicated.
The Outflow Signal Nobody Is Reading Correctly
Mutual fund equity redemptions hit $22.7 billion last week. The ETF side tells a completely different story.
Bessent Says the K-Shape Is Dead. The Data Disagrees.
The Treasury Secretary declared the income divide over on CNBC. Atlanta Fed wage data, Moody's spending figures, and a bifurcated…
Intel Beat Q2 by $1.7B. The Stock Fell Anyway.
The market sold the income statement and bought the fear. The real question is what the foundry transformation is worth.