By 2027, nearly €3 trillion in excess liquidity will have vanished from Europe's financial system. The ECB says its new plumbing can handle the largest drain in its history. The plumbing has never been tested at this scale.
Automakers absorbed $5.1 billion in tariff costs. The national debt grew past $39 trillion. The trade deficit barely moved. One year of data tells a very different story from the one pitched on Liberation Day.
As many as 30,000 Oracle employees learned they were fired from a 6am email on Tuesday. The company's AI infrastructure spending target for this year: $50 billion.
The IPO could raise $50 billion and value SpaceX at $1.75 trillion, eclipsing Saudi Aramco's all-time record. Twenty-one banks are already on the syndicate. More may follow.
OpenAI sold $3 billion worth of shares to individual investors through bank channels — their first chance to buy into a private company valued at $852 billion. The company doesn't expect to be profitable until 2030.
The Wall Street Journal reported Trump might end the Iran war even with Hormuz shut. Oil dropped $5 a barrel in hours. No ceasefire had been agreed — and a tanker was already burning off Dubai.
The Fair Work Commission has scrapped junior pay rates for workers 18 and over in retail, fast food, and pharmacy. Some 18-year-olds were being paid 70% of the adult wage for the same job.
SpaceX is discussing allocating up to 30% of its IPO to individual investors — triple the norm — and Morgan Stanley's E*Trade is in talks to deliver the shares. Robinhood and SoFi could be shut out entirely.
Brent crude has surged 55% in March — the biggest monthly jump since the first Gulf War. The IMF's diagnosis is blunt: every plausible scenario ends with higher prices and slower growth.
A BOJ board member floated a rate hike explicitly tied to Middle East fallout, while Japan's top currency diplomat used the word "decisive" for the first time since taking office. The world's most cautious central bank is no longer pretending geopolitics is someone else's problem.
Eli Lilly just agreed to pay up to $2.75 billion for drugs invented by algorithms. The deal includes a GLP-1 candidate that could compete with Lilly's own Mounjaro.
Silicon Valley faces the highest job displacement of any major US metro. A first-of-its-kind index from Tufts maps 9.3 million vulnerable jobs and $757 billion in wages at risk — and finds the regions that built AI are the ones most exposed to it.
Big Tech has committed over 9.8 GW of nuclear capacity for AI data centers. The United States produces one metric ton per year of the fuel most of those reactors require.
Saudi Arabia reportedly has its Hormuz bypass running at 7 million barrels a day. One anonymous source, one congested port, and a very nervous oil market.
Roughly $10 trillion in US government debt comes due this year. The investors who usually roll it over are backing away — right as war-driven volatility hits the bond market.
Microsoft shares have lost 24% this quarter — the worst slump since the 2008 crisis. The company is burning through $150 billion a year on AI infrastructure while its flagship Copilot product bleeds market share.
BYD outsold Tesla by more than 600,000 electric vehicles last year. It also made 19% less money. China's EV price war is devouring its own champion.
Elon Musk wants to hand 30% of SpaceX's IPO to individual investors — triple the typical retail slice and a defiant break with Wall Street convention. The listing could be the largest in history.
Five banks just handed SoftBank $40 billion with no collateral and a one-year maturity. The money is going straight to OpenAI.
Japan's currency hit its weakest level since July 2024, but this time Tokyo's usual playbook may not work. The culprit isn't speculators — it's oil.
lop News
Maynard Keys