ZeroHedge

“Sequoia Capital Shutters London Office As Silicon Valley's VC Giants Pull Back”

“*NBC ESTIMATES DEMOCRATS TO TAKE 255 HOUSE SEATS, 180 GOP SEATS”

“Oracle announces pricing of concurrent underwritten public offerings of 86,206,897 shares of common stock, at a public offering price of $116.00 per share and $2,000,000,000 of its 7.000% notes due 2029, $1,750,000,000 of its 7.450% notes due 2031, $2,250,000,000 of its 7.850% notes due 2033, $2,500,000,000 of its 8.000% notes due 2037 and $1,500,000,000 of its 8.650% notes due 2046”

“MS: hedge funds have now moved underweight the broader AI trade for the first time since early 2023, and the combined summer and October de-grossing marks 'the largest sustained stretch of L/S fund de-risking in over 15 years, as gross exposure never fully recovered between episodes.' MS Prime Brokerage data is brutal: cumulative gross flow is now down 8% from the June peak, the largest sustained de-grossing on re…”

“'Fear Of Sovereign Liquidity Management': Goldman Spots Who Dumped $19.5 Billion In Gold Futures Before The $4,000 Break”

“Very cheap indeed: two months later, the 39% odds of $41 trillion in debt are now 57%, and rising fast. $41 trillion in debt this year is pretty much a done deal.”

“BOJ KEEPS OVERNIGHT CALL RATE AT 1.25% BOJ VOTES 8-1 ON RATE DECISION”

“The Broadcom deal landed the same day Anthropic filed its S-1, and the same day Meta launched its $95 billion offering (upside to $97.5 billion). Add SpaceX closing its $40 billion Nvidia chip lease with Apollo, and Monday's AI capital call came to roughly TWO HUNDRED BILLION DOLLARS IN ONE DAY”

“Narrator: if Anthropic defaults on the loans, nothing will protect the banks”

“China Emits 2.7 Times As Much Greenhouse Gas As America, New EU Data Show”

“Homeowners Hit With Alarming New Financial Burden That Now Exceeds Property Taxes Across America”

“US Designates Helium A Critical Material In Reindustrialization Push To Avoid 'Single Point Of Failure'”

“SK Hynix Pulls Solidigm’s $10 Billion IPO on Regulatory Pushback: BBG”

“FRANCE’S 10-YEAR BOND RISK PREMIUM RISES TO 175 BASIS POINTS”

“Situational Unawareness: Banks Ran Out Of Room To Lever Up The AI Trade, So They Made More”

“German Power Supply Startups Exit Market As Wholesale Prices Soar”

“Europe Braces For A Winter Energy Crisis As Gas Reserves Run Low”

“Migration Has Cost German Taxpayers At Least €400 Billion Since 2016”

“time is a flat circle *US PITCHES IDEA TO ALLOW RUSSIA TO SELL MORE GAS TO EUROPE: NYT *IDEA WOULD BE PART OF A PEACE DEAL WITH UKRAINE: NYT *US ENVOYS TOUTED IDEA IN TALKS W/ EUROPE OFFICIALS IN SEPT.:NYT”

“*SOX FALLS FOR 8TH DAY, MATCHES LONGEST LOSING STREAK SINCE 2006”

“PPI Red Hot: PPI 1.3% MoM, Exp. 0.6% PPI 6.3% YoY, Exp. 5.4% PPI Core 0.7% MoM, Exp. 0.3% PPI Core 5.0% YoY, Exp. 4.4%”

“Bank earnings call highlights: CONSUMER HEALTH & RESILIENCE C – 'In the US, whilst much has been made of the AI boom, the consumer is still driving much of the growth, the labor market is stable, and companies remain active.' JPM – '… the consumer has been quite resilient in the face of a number of headwinds that under different circumstances you might have expected would present a challenge.' WFC – 'The consumer…”

“Three months later they finally figured it out: Fed’s Goolsbee Says AI Boom Starting to Push Up Prices: Semafor Now if only higher rates could lower DRAM prices..”

“JPM Tech specialist Joshua Meyers on today's tech selloff The most proximate reason seems to be Hock Tan's participation in a panel at a DBS conference in Singapore, where he warned financing could become a bigger bottleneck than component shortages (in addition to questioning frontier lab business models, and comparing 'many investors' to casino gamblers). Additionally, a sell-side research not over the weekend r…”

“Rabobank: 'Warsh's proposal to incorporate the deflationary effects of AI into the Fed's forecasts also seems to have been delayed, as Fed members are currently more concerned with its short-term inflationary effects. These are not contradictory schools of thought on AI: the short-term costs of adoption may ultimately be priced out, while long-term productivity gains could drive disinflation within the next few ye…”

“Hurricane Isaias Slams Gulf Coast, Knocks Out Power To 830,000 As Major Refineries Are Spared”

“NZ House Prices Dropped to Three-Year Low, Quarterly Index Shows”

“The hyperscaler and AI pipeline for IG/HY debt is done: no more can fit. That's why everyone is scrambling to use SPVs/Project financing/chip-collateralized structures to fund capex before that last door slams shut too.”

“'One Month Until Drawdown': UBS Sounds Alarm On Europe's Thin Gas Buffer As Winter Looms”

“Our tracker of hyperscaler off balance sheet liabilities shows $3.8 trillion as of Sept 30, up $700BN from June 30. Adding $250BN in hyperscaler IG debt, the DV01 issued by the AI ecosystem in Q3 was about 25% higher than all Treasury issuance That's why yields keep rising”