Bottom line: it's a bubble... but it's too important to stop inflating. We've seen this picture before. 

Cohen's GameStop holds the second-largest position on eBay. 

Retail investors’ allocation to stocks is near a 25-year high despite their bearish outlook...

Trump: The US, out of respect for President Trump, was not required to give anything in return - an unprecedented situation for Russia

“SpaceX appears to have provided exactly what the market was looking for: evidence that AI-related demand remains very real. That has improved sentiment not only toward SpaceX itself, but toward the broader AI ecosystem.”

The men have been charged under the National Security Act...

Wheat futures just touched a two-month low, which for some is a sign the food-inflation scare of the summer has come and gone. Goldman disagrees...

If struggling Netflix studios need inspiration for their next post-apocalyptic horror movie, footage of a chemical... 

Is France the epicenter of the next Eurozone crisis? 

"I do think there’s a lot of merit for combining the companies,"

A new report from New York's comptroller projects more than $90 billion in industry earnings, setting the stage for unprecedented employee payouts...

Melbourne locals parked their cars in front of the work trucks and filled in the excavation pits; the cost to Australia’s biggest listed AI data center operator: A$140 million of EBITDA.

Treasuries are set to keep falling out of favor as an equity hedge in 60/40 portfolios amid a return to a persistently elevated inflation regime...

• Pakistan Army Chief Munir brought the "final warning" from the United States to Iranian officials, which called on Iran to submit to the US demands for concessions on the nuclear issue before taking any other steps.
• The UK government has approved the Jackdaw North Sea gas field.
• NQ outperforms, helped by upbeat SPCX and SMCI earnings; focus turns to META and TSLA.
• DXY flat; AUD supported by hawkish comments by RBA's Hauser.
• Fixed income benchmarks modestly lower, Gilts in

...traders put lipstick on a pig as markets swing from 'anything but AI' to 'believe in the Weave'...

"A simple bailout is not on the cards."