Geopolitical events in the Middle East and Ukraine are squeezing global petroleum product markets. A Bank of America analyst warns that a 'thinning cushion' could lead to non-linear price spikes, with diesel and gasoline prices already showing considerable strength.
The tape Bloomberg Surveillance · Jul 21
“It's a thinning cushion, John, And I'm increasingly worried that these tensions could eventually turn what's been relatively orderly market where prices have moved in a linear fashion more or less, and we end up being pushed into a nonlinear event, meaning that rather than just steady movements, we started to see spike key behavior.”
Jensen Huang revealed a massive business partnership involving memory purchases and AI supercomputer sales, even as he admits Nvidia is 'constrained in just about every part of the supply chain,' from HBM memories to construction workers.
Marketplace · A year later, is Trump’s investment in Intel… a win-win?Jul 24
Intel reported its largest sales increase in over 15 years, driven by a surge in data center demand for AI computing. The turnaround is a win for American taxpayers, whose stake via the CHIPS Act is now worth roughly $40 billion.
A new podcast report reveals the staggering popularity of the Blue Ridge Parkway and Great Smoky Mountains National Park, which sit on Asheville's doorstep. The ancient mountains, older than the Atlantic, are the most visited in the entire US park system.
Travel with Rick Steves · 628a Amtrakistan; Astronaut's View; Renaissance FlorenceJul 25
From 250 miles up, former astronaut Chris Hadfield says the Earth's fragility is startlingly clear. He describes our planet as a 'fragile jewel in the darkness of space' and feels a 'tremendous responsibility to take care of it.'
A reported tie-up with private equity firm Advent International would see Stripe acquire its rival, forging a behemoth processing $3.7 trillion in annual payments.
Big Technology Podcast · What Happens If AI Fails?, Subprime Data Center Crisis, How Bad Can SpaceX Get?Jul 24
With billions poured into AI infrastructure, faltering investor confidence could lead to a consumer spending pullback of nearly $700 billion, sparking layoffs and a broader economic downturn.
Payments giant Stripe is reportedly in talks to buy model router OpenRouter for a stunning $10 billion, a move that would inject enterprise AI cost control into its growth strategy.