US electricity bills are soaring as datacenters sap more power
Source: MacroEdge @MacroEdgeRes
Foreign central banks now officially hold more gold than US Treasuries — for the first time since 1996.
We might be witnessing one of the most significant global rebalancing we've experienced in recent history, in my view. Source: Tavi Costa, Crescat Capital, Bloomberg
Japan’s top trade negotiator Ryosei Akazawa canceled a trip to the United States on Thursday over issues related to the U.S.-Japan trade deal.
In a statement, Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said that his trip would have involved the discussion of U.S. tariff measures. “However, during the coordination with the US, because it became apparent that certain points required further technical discussion, the trip was cancelled, and it was decided that discussions will continue at the administrative level,” Hayashi told reporters. Japanese media outlet Kyodo News said it has not been decided whether he will reschedule the trip, while Reuters said Akazawa could head to Washington as early next week after the outstanding issues are resolved, citing an anonymous government source. Hayashi said Tokyo will urge the U.S. to amend its presidential order on reciprocal tariffs as soon as possible, and ask Washington to issue a presidential order to lower tariffs on automobiles and auto parts. Source. CNBC
Bloomberg title: "Nvidia sales growth decelerates from eye-poping levels".
True, but I still find remarkable Nvidia is able to see +56% YoY growth when the quarterly revenues amount to $46.7B. That's crazy.
There are 3 sure things in life: 1) death; 2) taxes and; 3) printing money...
Source: Charlie Bilello
Bitcoin is dying
Source: Bitcoin Magazine @BitcoinMagazine, blockchain.com
Time to say goodbye to Uber jobs?
Source: Michel A.Arouet
‼️Caretaker Prime Minister Dick Schoof is staring down a no-confidence vote today that could force his entire cabinet to resign.
➡️ His fragile government was gutted Friday when the New Social Contract party quit over disagreements on taking a tougher stance against Israel’s war in Gaza. ➡️ The NSC supported stronger measures, while the rest of the cabinet - including Schoof - refused to take that line. ➡️ Now left with just 32 of 150 seats, Schoof’s survival hinges on backing from opposition parties - many of whom are making demands he can't meet. ➡️ A collapse would plunge the Netherlands into uncharted political chaos, just months before a scheduled October election. Source: Bloomberg
