Banks choke on $38 billion Oracle data center debt and dump it at discounts, single borrower risk screams 2008 single-name CDOs all over again
JPMorgan and Morgan Stanley spent six months begging buyers for AI construction loans.
Markets
Real-time market analysis with charts, signals, and coverage of key financial and geopolitical developments.
TikTok continues to meltdown over the cost of living here.
TikTok continues to meltdown over the cost of living here. pic.twitter.com/rtNJ91NY7Z — QE Infinity (@StealthQE4) May 4, 2026 The gas prices are disgusting.My gas bill has doubled. We are living in Energy crisis. — Prof (@TheProfInvestor) May 4, 2026 A recent survey by Generation Lab found that more than 8 …
Ferrari Q1 earnings miss on “personalization” lag, 25% tariff threat looms
The luxury icon reported EPS of €2.33, falling short of the €2.37 analyst target despite revenue hitting €1.85 billion… Maranello is fighting a “negative foreign exchange” hit from the Dollar and Yen, operating margins held at 29.7% as the ultra-rich demand more custom work… The stock is under pressure in …
BP profits soar 132% on “exceptional” oil trading, shares hit 16-year high
The energy titan reported an underlying replacement cost profit of $3.2 billion this morning, fueled by higher realized margins and the Hormuz blockade… Upstream plant reliability hit 95.7%, while stronger midstream performance helped offset the impact of regional disruptions in the Middle East… Reported profit for the quarter hit $3.8 …
I don’t think the bond market is going to put up with this war much longer.
I don’t think the bond market is going to put up with this war much longer. They forced Trump to “pause” on the tariffs last April and they’ll do the same thing with this debacle in the Middle East if it doesn’t end soon. https://t.co/QlSTyYAKGd — QE Infinity (@StealthQE4) May …
Manufacturing PMI hits 54.7, West Asia conflict triggers “Input Cost Shock”
The HSBC factory index climbed to 54.7 in April, but the celebration is muted, the Iran war has officially turned global production into a cost-push nightmare… Input costs are rising at the second-fastest rate in four years, the shipping blockade is forcing firms to choose between eating the bill or …
California Is Facing A “Fuelmaggedon” As Fighting Erupts In The Middle East And The Strait Of Hormuz Remains Closed
by Michael Would you pay 8 dollars for a gallon of gasoline? I know that may sound crazy to many of you, but that is what some residents of Los Angeles are paying right now. Sadly, the west coast is more dependent on oil from the Persian Gulf than anywhere …
GameStop moves on eBay, proposes $125 per share “shock” acquisition
The meme stock king is attempting a massive pivot, GameStop disclosed a 5% stake in eBay today, proposing an all cash and stock buyout… eBay shares surged 5.6% on the news, GameStop shares fell 4%, investors weigh the reality of a brick and mortar retailer swallowing a digital giant… Ryan …
New footage from Fujairah tonight after Iranian strikes. This is the terminal the world rerouted its oil through when Iran closed the Strait of Hormuz. The bypass route. The backup plan. It’s on fire.
🚨🇦🇪🇮🇷 New footage from Fujairah tonight after Iranian strikes This is the terminal the world rerouted its oil through when Iran closed the Strait of Hormuz. The bypass route. The backup plan. It's on fire. https://t.co/bdVrfYpFDF pic.twitter.com/LFqQGKBfyv — Mario Nawfal (@MarioNawfal) May 4, 2026
Inflation nowcast hits 3.3%, gasoline accounts for 75% of price surge
The latest CPI data highlights a stubborn 3.3% annual inflation rate today, energy costs are the primary driver of the middle class squeeze… Gasoline prices jumped 21.2% in the latest monthly window, the Hormuz blockade is effectively taxing every American at the pump… Shelter inflation slowed to 3.0%, the slowest …
Silicon is the new gold, investors are hiding in GPU chips while the world burns.
The Nasdaq is on track for its best month since 2020, even as the physical economy faces a brutal energy squeeze from the Hormuz blockade… Analysts say the $5 trillion milestone makes a stock split likely by year end, but for now the bots are the only thing keeping the …
Hims & Hers raises guidance, revenue projected to hit $625M
The telehealth leader reported a strong start to 2026 tonight, raising its first quarter revenue outlook to a range of $600M to $625M… Adjusted EBITDA margins are holding at 9% as the company successfully scales its subscription model in a high inflation landscape… The stock is seeing a “healthcare hedge” …
Lucid Group warns of “significant challenges,” stock tumbles after hours
The luxury EV maker reported a difficult first quarter tonight, with a market cap sitting at a precarious $2.39 billion as debt concerns mount… Management is hosting a call to discuss the results, but the early data shows the high interest rate environment is suffocating the luxury electric market… Production …
Palantir just dropped Q1 2026 earnings and absolutely crushed it with 85% year-over-year revenue growth.
The data giant just released a monster Q1 report after the bell, reporting revenue of $1.63 billion and crushing the $1.54 billion Wall Street target… Earnings came in at 33 cents per share, well above the 28 cent consensus, as the company’s Rule of 40 score hit a staggering 145%… …
Spirit Airlines “post-mortem” begins, aviation sector bracing for $150 oil
Treasury Secretary Scott Bessent is blaming “judicial overreach” for the carrier’s collapse today, saying the blocked JetBlue merger was a suicide pact… United and Delta shares are drifting higher as they prepare to feast on Spirit’s carcass, but the broader sector is terrified of the fuel bill… Budget travelers are …
Mortgage rates hit 6.38%, spring homebuying season enters “deep freeze”
Borrowing costs surged again this morning, the 30-year fixed rate hit a new spring high as the bond market reacts to wartime energy spikes… Freddie Mac reports the three-week slide in rates is officially over, the 10-year Treasury yield is dragging home ownership out of reach for thousands… Active listings …
Dollar surges to 0.85 EUR as global cash flees to safety
The greenback is gaining ground this afternoon, the USD/EUR exchange rate hit its highest level of the month as risk sentiment sours… Japan’s currency intervention last week is already fading, the yen is sliding again as the interest rate gap with the U.S. remains a canyon… Safe-haven demand for the …
Diesel prices hitting $6 a gallon in multiple states
whopping weekly spikes in average diesel prices over the last week with 10 states seeing prices spike over 40 cents per gallon pic.twitter.com/O4PU8apdiP — Patrick De Haan (@GasBuddyGuy) May 4, 2026
Trump’s 25% auto tariff hits Europe, BMW and Mercedes lead the slide
European automakers are cratering this afternoon, the President’s threat to hike tariffs on EU cars and trucks has wiped billions off the Euro Stoxx 50… Trump says Brussels “failed to comply” with t… Continue reading by subscribing. Username Password Remember Me Forgot Password
Ag Secretary sounds the alarm on meat packing.
Secretary Brooke Rollins @SecRollins Today, just four companies — JBS, Cargill, Tyson Foods, and National Beef — control roughly 85% of the cattle processing market. That level of concentration has surged from just 25% in 1977 to 71% by 1992, and now to an astonishing 85%. Together, these companies operate …
Wild interview with CEO of Gamestop.
Wild interview on Squawk Box this morning with CEO of Gamestop who is trying to buy eBay. He refuses to admit that Gamestop would have to create and sell millions of shares to raise the capital. This is a total pr stunt.pic.twitter.com/6PeDAG9clI — Citizen Free Press (@CitizenFreePres) May 4, 2026
Project Freedom begins, U.S. Navy escorts ships through Hormuz
The “neutral and innocent” fleet started moving at sunrise, Trump has ordered the Navy to “guide” vessels from dozens of nations past the Iranian threat today… Tehran is still reviewing the 14-point peace proposal, the Foreign Ministry says it won’t end the nuclear program just to lift the siege… Gas …
Foreclosures just hit a 6 year high — 118,727 foreclosure filings in one quarter, up 26% year over year, REOs up 45%
The U.S. housing market hit a fresh distress milestone this morning. Foreclosure filings in Q1 2026 rose to 118,727, a 26% increase year-over-year. Bank repossessions (REOs) surged even higher, jumping 45% since last year. Analysts are calling this the highest level of foreclosure activity in six years as pandemic-era protections …
Stagflationary pressures are building in the US manufacturing sector. Powell: “Energy hasn’t even peaked yet, and we’d want to see the backside of that and progress on tariffs before we even thought about reducing rates”
ISM manufacturing prices paid index spiked to 84.6 points in April, a 4-year high. Over the last 3 months, prices paid have SKYROCKETED over 20 points, marking one of the biggest spikes in history. Meanwhile, the employment index dropped to 46.4 points, the lowest level in 2026. Employment has now …
China delivers breakthrough in battery tech
via oilprice Major innovation is needed to diversify the global battery sector. Lithium-ion batteries are taking over the world – you probably have a few within reach at this very moment in your rechargeable devices. And since China controls the world’s lithium supply chains and dominates global lithium-ion battery manufacturing, …
Homes are CURRENTLY priced at 2.75% mortgage rates. Housing supply just passed 1 Million listings, the highest for April since 2019. NO FED CUTS UNTIL 2027?
Notice, this never lasts.Homes are CURRENTLY priced at 2.75% mortgage rates. https://t.co/Qp5Z1P2x0l— Darth Powell (@VladTheInflator) May 2, 2026 We are living through one of the largest artificially inflated real estate bubbles in history. Zero rates. Massive stimulus. Record speculation. Now the unwind begins. pic.twitter.com/GldAUS1HeJ— Jon Brooks (@jonbrooks) May 3, 2026 …
The war with Iran is pushing California over the edge
Doomsday for California as last barrel of oil from the Middle East arrives in Long Beach. Hong Kong’s ship New Corolla, which loaded up on oil in February, will soon depart, and the state will have to figure out how to make up for 200,000 barrels of oil a day …
Trump announces project freedom to rescue ships trapped in Hormuz.
Following his rejection of the latest peace terms from Tehran, President Trump announced on Sunday that the U.S. will launch “Project Freedom” tomorrow morning, its a unilateral military operation to “guide” trapped commercial vessels out of the Strait of Hormuz. #BreakingPresident Donald Trump said the US will begin guiding some …
Egg prices going crazy
Egg prices going crazy byu/FrenchFrieKiller inEconomyCharts “At my local grocery store in the Midwest”
Your power bill is getting crushed as AI data centers load the grid — bills up 267%, capacity up 800%, demand set to jump 130% by 2030, and the grid years behind catching up.
The AI-driven data center boom has officially hit the household wallet, and the 267% figure is the smoking gun. This isn’t a national average, it’s a localized shock hitting “data center alleys” across 13 states. While the tech giants are pulling gigawatts to power LLMs, residential users are effectively subsidizing …