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  • The U.S. Army has selected nine installations for potential microreactor power plants as part of its Janus Program aimed at advancing next-generation nuclear energy technologies.
  • A recent U.S. auction of 20-year bonds showed reduced foreign demand, with the draw raising concerns about the overall demand for U.S. debt amid rising yields.
  • As energy prices remain high, many American households struggle with utility debts, anticipating further financial strain as winter approaches.
  • Ukrainian President Volodymyr Zelensky is attempting to revitalize peace talks with Russia amidst escalating violence, with renewed missile strikes resulting in significant casualties.
  • Michael Burry, known for his role in "The Big Short," has shifted his investment strategy to a more private focus, operating primarily as a "friends and family" fund amid rising market uncertainties.

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ZeroHedge

  • Army Announces Next Steps On Janus Program For Next-Generation Nuclear Energy 27 minutes ago by Tyler Durden

    Army Announces Next Steps On Janus Program For Next-Generation Nuclear Energy As part of next steps for the Janus Program, the Department of Army said that it has selected nine installations for consideration in which to site microreactor power plants, and the Defense Innovation Unit released an Area of Interest to solicit commercial solutions for advanced nuclear power technologies. The Janus Program, the Army’s next-generation nuclear power program, aims to deliver secure, resilient, and reliable energy to support national defense installations and critical missions in accordance with EO 14299 Deploying Advanced Nuclear Reactor Technologies for National Security. In partnership with the Defense

  • Ugly, Tailing 20Y Auction Sees Slide In Bid To Cover, Foreign Demand, As Directs Soar To Record 32 minutes ago by Tyler Durden

    Ugly, Tailing 20Y Auction Sees Slide In Bid To Cover, Foreign Demand, As Directs Soar To Record In this week's lone coupon auction, which just happens to print an hour before the release of the October FOMC minutes, moments ago the US sold $16BN in 20Y bonds at a high yield of 4.706%, up 20bps from 4.507% last month and the highest since August. The auction also tailed the When Issued 4.704% by 0.2bps, the first tail since June. Everything else about the auction was ugly too: the bid to cover slumped from 2.73 to just 2.41, the lowest since November 2024,

  • Government Intervention, Not BlackRock, Is To Blame For The Housing Crisis an hour ago by Tyler Durden

    Government Intervention, Not BlackRock, Is To Blame For The Housing Crisis Authored by Diyar Kasymov via The Mises Institute, Is building more homes not enough? Recently, there have been more and more Gen-Z memes about boomers selling their overvalued houses to BlackRock instead of to young couples, and then the corporation rents the house to the couple for 2x the price. The housing crisis is not a false alarm. The median rent price went up 25 percent in just 6 years. This is a serious economic problem for America. Many young people are already being radicalized by this, as they are willing to elect socialist Zohran

  • As Energy Costs Remain High, Utility Debt Builds For Millions Ahead Of Winter an hour ago by Tyler Durden

    As Energy Costs Remain High, Utility Debt Builds For Millions Ahead Of Winter Authored by Tom Ozimek via The Epoch Times (emphasis ours), An increasing number of American households are falling behind on their utility bills as energy costs remain elevated heading into winter, according to a new analysis from two nonprofits. Steam rises from a coal power plant in Adamsville, Ala., on April 11, 2021. Andrew Caballero-Reynolds/AFP via Getty Images Past-due balances owed to electric and gas utilities have climbed from $597 to $789 over the past three years—a 32 percent jump that a Nov. 17 report from The Century Foundation and Protect

  • Michael 'Big Short' Burry Goes Stealth Mode, Still "Active In Markets" 2 hours ago by Tyler Durden

    Michael 'Big Short' Burry Goes Stealth Mode, Still "Active In Markets"  Bloomberg's Claire Ballentine caught up with "Big Short" investor Michael Burry following last week's news that he had deregistered Scion Asset Management with the Securities and Exchange Commission. Burry told Ballentine in an email that Scion's latest iteration functioned essentially as a "friends and family" fund, not a traditional asset-gathering vehicle, and that he wanted to avoid the problems he faced during the original Scion Capital era.  "I didn't market it or treat it like most do, and I wasn't trying to grow assets by acquiring investors I didn't already know. I didn't


The Guardian

  • New drug could be a breakthrough in treatment for killer TB, trial suggests 9 hours ago by Kat Lay, Global health correspondent
    Global health, Global development, Tuberculosis, Society, Health, World Health Organization, World news, South Africa, Africa, Infectious diseases, Science, Medical research

    Sorfequiline shows stronger action than existing treatments against illness that killed 1.23 million last year A new treatment for tuberculosis could boost cure rates and shorten the time needed to treat the disease by months, trial results suggest. Globally, an estimated 10.7 million people fell ill with TB last year and 1.23 million died from it. Continue reading...

  • The rainforest the world forgot: the Congo basin is the second largest on Earth, so why is it being neglected? a day ago by Tam Patachako
    Global development, Deforestation, Amazon rainforest, Congo-Brazzaville, Trees and forests, Africa, Endangered habitats, Conservation, World news, Wildlife, Environment, Climate crisis

    It is one of the world’s most vital carbon sinks, but this tropical rainforest is losing out when it comes to climate policy and funding In October 2023, leaders, scientists and policymakers from three of the world’s great rainforest regions – the Amazon, the Congo, and the Borneo-Mekong basins – assembled in Brazzaville, capital of the Republic of Congo. They were there to discuss one urgent question: how to save the planet’s last great tropical forests from accelerating destruction. For those present, the question was existential. But to their dismay, almost no one noticed. “There was very little acknowledgment that this was

  • Nestlé accused of ‘risking health of babies for profit’ over added sugar in cereals sold in African countries 2 days ago by Kat Lay global health correspondent
    Global development, Global health, Nestlé, Children, Society, Food & drink industry, Obesity, Africa, World news

    Campaigners say the company is contributing to rising rates of childhood obesity, while the firm says it is helping to combat malnutrition Nestlé is still adding sugar to most baby cereals sold across Africa, according to an investigation by campaigners who have accused the company of “putting the health of African babies at risk for profit”. The food firm was accused of “double standards” over the researchers’ findings, which come at a time when rates of childhood obesity are rising on the continent, prompting calls for Nestlé to remove all added sugar from baby-food products. Continue reading...

  • Nicki Minaj to spotlight plight of Nigerian Christians in UN speech arranged by White House 2 days ago by Maya Yang
    Nicki Minaj, Trump administration, US news, Music, Culture, US politics, Nigeria, World news, Christianity, Religion, Africa

    Rapper to give address on Tuesday after supporting Trump’s post condemning Nigerian government The US-based Trinidadian rapper Nicki Minaj will work alongside the White House to highlight claims of Christian persecution in Nigeria. Minaj is expected to deliver a speech at the United Nations headquarters in New York on Tuesday, according to a Time journalist who first posted about the collaboration on Sunday, adding that it was arranged by Alex Bruesewitz, an adviser to Donald Trump. Continue reading...

  • Eswatini confirms receiving over $5m from US to accept deportees 2 days ago by Agence France-Press in Mbabane
    Eswatini, US immigration, Africa, World news, US news

    Trump administration struck largely secretive deals with at least five African countries to accept migrants Eswatini has confirmed for the first time that it had received more than $5m from the United States to accept dozens of people expelled under Washington’s aggressive mass deportation drive. The tiny southern African kingdom has taken in 15 men since Donald Trump’s administration struck largely secretive deals with at least five African countries to accept migrants under a third-country deportation programme fiercely criticised by rights groups. Continue reading...


South China Morning Post

  • UK takes aim at scalpers with ban on resale of tickets for profit 9 minutes ago by Reuters

    Britain said on Wednesday that it would ban the resale of tickets to concerts, sport and other live events for profit, disrupting ticket touts and the platforms that benefit from their activities. Culture Secretary Lisa Nandy said touts were ripping off fans by using bots to snap up batches of tickets for coveted shows and reselling them at sky-high prices. “Our new proposals will shut down the touts’ racket and make world-class music, comedy, theatre and sport affordable for everyone,” she...

  • Harvard reopens probe into Larry Summers after release of Epstein emails an hour ago by Associated Press

    Harvard University has reopened an investigation into connections between former President Larry Summers and Jeffrey Epstein, a university spokesman said on Wednesday, and Summers’ office said he would resign from the board of OpenAI, the maker of ChatGPT. The university did not mention Summers by name, but the decision to restart the probe follows the release of emails showing that Summers, a former Treasury secretary, maintained a friendly relationship with Epstein long after the financier...

  • UK warns Putin of ‘military options’ as Russian military ship enters its waters 6 hours ago by dpa

    The Russian spy ship Yantar is operating on the edge of UK waters and has directed lasers at pilots of surveillance aircraft monitoring its activities, Defence Secretary John Healey said. Healey said Britain was “ready” to respond, with “military options” drawn up if the ship heads south, in a warning to Russian President Vladimir Putin. The vessel, designed for gathering intelligence and mapping crucial undersea cables, is loitering off the northern coast of Scotland, having entered wider UK...

  • China’s US Treasury holdings edge up as long-term sell-off continues 6 hours ago by Sylvia Ma,Frank Chen

    China slightly increased its US Treasury holdings in August and September – though the uptick did little to offset an overall downward trend – as persistent worries over US debt sustainability and the Federal Reserve’s independence deepened doubts about the safety of assets backed by the US dollar. The country’s stockpile rose to US$701 billion in August, up from July’s multi-year low of US$696.9 billion, but it again trimmed the total to US$700.5 billion in September, according to data from the...

  • China’s euro bond sale sees record demand, signals strong investor confidence 6 hours ago by Aileen Chuang

    China’s €4 billion (US$4.6 billion) euro-denominated bond sale has drawn record demand, highlighting robust investor confidence in its sovereign assets amid a global shift towards diversification. International and regional investors placed €100.1 billion in orders for the offering – 25 times the fundraising target – China’s Ministry of Finance said in a statement on Wednesday. The seven-year tranche, issued alongside an equal-sized four-year tranche, attracted demand 26.5 times its allocation,...


New York Times

  • Judge Presses Comey Prosecutors Over Revised Indictment 31 minutes ago by Alan Feuer and Devlin Barrett
    Comey, James B, Trump, Donald J, Federal Courts (US), Federal Bureau of Investigation, Justice Department, United States Politics and Government, Alexandria (Va)

    Lindsey Halligan, the president’s handpicked prosecutor, admitted that she had never shown the final version of the Comey indictment to the full grand jury before the foreperson signed the charging document.

  • Larry Summers Resigns From OpenAI’s Board 4 hours ago by Mike Isaac
    Appointments and Executive Changes, Boards of Directors, Artificial Intelligence, OpenAI Labs, Computers and the Internet, Summers, Lawrence H, Epstein, Jeffrey E (1953- )

    Mr. Summers’ departure from the artificial intelligence company’s board followed revelations of his communications with the disgraced financier Jeffrey Epstein.

  • Trump’s Tariffs Sent Trade Plummeting in August an hour ago by Ana Swanson
    United States Politics and Government, Customs (Tariff), Politics and Government

    The steep tariffs President Trump issued in August led to a contraction in imports and the trade deficit, newly released data shows.

  • Nvidia and Walmart Could Ease Wall St.’s Jitters. Or Make Them Worse. 4 hours ago by Joe Rennison
    Standard & Poor's 500-Stock Index, Shopping and Retail, Stocks and Bonds, Artificial Intelligence, Consumer Behavior, Prices (Fares, Fees and Rates), Company Reports, NVIDIA Corporation, Target Corporation, Walmart Stores Inc

    After four consecutive down days, the stock market is looking increasingly queasy. Earnings reports from Nvidia, Walmart and Target could hint at what’s ahead.

  • Netherlands Hands Back Control of Chinese-Owned Chipmaker Nexperia 5 hours ago by Matthew Mpoke Bigg
    Computer Chips, Shortages, Supply Chain, Nexperia BV, Wingtech Technology, Netherlands

    Uncertainty over the availability of the company’s chips, which are used in cars and electronics, had added to concerns of a global shortage.


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