Brief: Dell's $60 Billion Question

Brief: Bolivia Broke First

PCE inflation hit 4.1 percent as Bolivia abandoned its fifteen-year dollar peg, the yen touched its weakest level since 1986, and Indonesia's central bank hiked emergency rates to defend the rupiah. KKR took a majority stake in Crowe for roughly $3 billion, Spark launched a stablecoin FX layer on Un

Super Brief: Bolivia Broke First — Super Brief

Bolivia Broke First. The May PCE print, 4.1 percent headline and 3.4 percent core, takes US rate cuts off the table and pins September hike odds near 73 percent. That welded floor is the most consequential number in global macro, because it hardens the gap between the dollar and every central bank that is lower or easin

Brief: The Supply That Wasn't There

The Nasdaq posted its fifth consecutive losing session as South Korea's KOSPI triggered its fifth circuit breaker of the year, oil unwound the entire war premium that took three months to build, and an FDA panel voted 9-0 for the first mRNA flu vaccine. OpenAI unveiled its first custom chip, Anthrop

Super Brief: The Supply That Wasn't There — Super Brief

The Supply That Wasn't There. Two stories this week are one reclassification. Anthropic accused Alibaba of running 28.8 million fraudulent queries against Claude in a coordinated distillation campaign, then sent a letter to the US Senate asking for government help against a specific foreign actor's model-theft operation, the fir

Brief: Apple Just Told You Who Pays for AI

Apple raised prices on every Mac and iPad it sells, citing memory costs that have surged sharply in a single quarter, and the stock fell 6 percent. PCE inflation landed at its highest level since April 2023. Google's DeepMind research lab lost a Nobel laureate and three other researchers to rivals i