CNBC
·19m
The 30-year Treasury yield rose about 5 basis points to 5.45 percent Thursday, its highest since 2004, and the 10-year, the mortgage benchmark, climbed past 5.16 percent to a level last seen in July 2007. Philadelphia Fed president Anna Paulson said modest further tightening may be warranted, with underlying inflation still around 2.5 to 3 percent, and traders put a 64 percent chance on another hike in October after last week's quarter-point move to a 3.75 to 4 percent funds rate. The sell-off is not just American: Japan's 10-year hit its highest since 1996, and UK gilts and German bunds rose to fresh multi-year highs.
CNBC
·6m
Oracle shares fell about 5 percent after the company sent a force majeure notice on Project Jupiter, its New Mexico data-center campus, seeking to delay payment to developer Blue Owl if the site misses a 2028 online date. Oracle said the project remains on its planned schedule and Blue Owl said the notice does not change its financial commitments, but the campus is part of the Stargate buildout and has already drawn local opposition and regulatory delays. About 18 billion dollars of Oracle debt tied to the datacenter is already trading at stressed levels, the Financial Times reported.
CNBC
·1h
The Chamber of Commerce, Business Roundtable, the National Association of Manufacturers, the American Petroleum Institute, and dozens of other groups told Trump a diesel export ban would lead to less fuel production, tighter supplies, and rising costs for families, farmers, and truckers, not lower prices. Diesel averaged 6 dollars and 51 cents a gallon Thursday, 2 dollars and 82 cents above a year ago, as farm-state Republicans press for relief before the midterms. Energy Secretary Chris Wright told the New York Times that nobody wants a full blanket ban, and that the live question is how to move more diesel into the United States without choking gasoline and jet-fuel exports. Oil also pushed back above 100 dollars a barrel on the Iran deadlock.
The Verge
·1h
Google plans to fly its Tensor Processing Units on a SpaceX Falcon 9 on October 1, the first hardware test of Project Suncatcher, the bet that AI data centers can eventually live in orbit. The satellite is there to measure whether the chips survive launch and the radiation and heat of low Earth orbit, where they would also sit in uninterrupted sun.
Ars Technica
·1h
NASA administrator Jared Isaacman welcomed China's delay of Chang'e 7, now slipped to early next year, because the mission was aimed at Shackleton crater, the same lunar south-pole site NASA wants. The crater's high rims hold permanently shadowed cold traps where water ice may have collected over billions of years, the most useful ground on the Moon. If you come up short with who comes down the ladder first, he said, the impact is felt around the world.
The Verge
·1h
Flock's CEO skipped a Senate Judiciary hearing on the company's AI surveillance network, and so did the chiefs of Axon, Motorola Solutions, and Verkada. Subcommittee chair Josh Hawley told the room that if you have not heard of Flock, Flock has probably heard of you. The seats filled anyway, with a standby line out the door.