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News
PBOC is expected to set the USD/CNY reference rate at 6.7083 – Reuters estimate
57+ min ago (291+ words) ---The daily fixing is Beijing's quietest but clearest tool for telling markets how fast it wants the yuan to move, and lately the message has been to slow down. The People's Bank of China sets the daily USD/CNY reference…...
Musk highly confident SpaceX will launch Nvidia AI computers into orbit in 2027
1+ hour, 20+ min ago (287+ words) Musk is reaffirming an aggressive timeline to put Nvidia powered AI computers into orbit next year, a bet on space based compute that keeps both companies' fortunes increasingly intertwined. Elon Musk said he is highly confident that SpaceX will be…...
Carney explores Canada as EU associate member, WSJ reports
1+ hour, 44+ min ago (405+ words) Carney is testing whether Canada could become an EU associate member, a strategic hedge against a deteriorating trade relationship with Washington that could reshape everything from worker mobility to energy infrastructure. Canadian Prime Minister Mark Carney is pushing the idea…...
Trump wants future Iran talks focused on nuclear file, not Hormuz, sources say
1+ hour, 58+ min ago (355+ words) Washington appears content to let Iran, Oman and the Gulf states handle Hormuz diplomacy on their own, while keeping its own leverage with Tehran reserved for the nuclear question. Trump administration officials have privately told counterparts in the Gulf region…...
Weekend: Tanker hit by projectile in Hormuz as fresh attacks reported at sea
2+ hour, 41+ min ago (355+ words) Hormuz shipping came under attack again over the weekend, with a confirmed tanker fire and an unverified Iranian casualty claim adding fresh risk to an already fraught strait. A Panama flagged tanker caught fire in the Strait of Hormuz on…...
NZ services sector expands for third month as PSI rises to 51.2
2+ hour, 41+ min ago (589+ words) Eyes are not on the kwiwi $ right now: New Zealand's services sector notched its strongest reading since returning to growth, but with sentiment souring and half the sub-indices still in contraction, this looks like a fragile recovery rather than a…...
Oil gap higher: Saudi pipeline shut after drone attack as Hormuz meeting is postponed
3+ hour, 2+ min ago (388+ words) This considerably raises the stakes for oil versus the weekend's initial framing of the Hormuz meeting postponement, since the pipeline closure removes a genuine safety valve rather than just delaying a diplomatic step. We gave the heads up to this…...
Globex is open and oil has jumped higher while stocks have slumped.
3+ hour, 2+ min ago (359+ words) --- The week has opened with oil bid on unresolved Middle East risk and stocks on the back foot after OpenAI's IPO retreat added to AI sector caution. Oil gapped higher and equity index futures gapped lower as Globex opened for…...
Tesla's flying Roadster demo to land after years of missed reveal dates
3+ hour, 23+ min ago (363+ words) The Roadster reveal is unlikely to move Tesla's share price in any lasting way on its own, given the stock is currently priced by the market largely on robotics and software narratives rather than a low volume halo car. Tesla…...
Democrats meet ahead of Tuesday's crucial Clarity Act vote; BTC, ETH implications.
3+ hour, 43+ min ago (234+ words) Senate Democrats meet as Clarity Act faces its first real Senate test --- This next paragraph really should go at the end of the piece, but if you want to skip the political baloney and just read this, I've got your…...