Attacks in the Strait of Hormuz and US retaliation have sent WTI crude flying. Meanwhile, analysts warn US strategic reserves are at a critical 14-week low and diesel inventories face an 'extremely dangerous situation' heading into fall.
The tape The David Lin Report · Sep 2
“It's Tuesday, September 1st, and oil is soaring once again on new strikes against Iran. WTI crude is now at $92 a barrel, climbing more than 13% since last week, August 27th, and now up more than 30% since its July lows.”
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The Twenty Minute VC (20VC) · 20VC: NVIDIA Crushes Quarter and Buys Hugging Face | OpenAI Cuts Off Cursor | Instinct Hits $2.5BN Valuation and The Race for AI Assistants | Cognition Raises at $46BN, Linear $2.5BN and Clay $7BNSep 3
NVIDIA posts a staggering $96.2 billion quarter and signals the 'intense demand for compute is going to continue' with a stunning 70% growth forecast. The chip giant is also closing its $12.9 billion acquisition of AI platform Hugging Face.
Bloomberg Surveillance · Instant Reaction: US Adds 162,000 Jobs, Topping All EstimatesSep 4
August jobs numbers came in nearly three times higher than expected, sending Treasury yields spiking and equities tumbling. The hot labor market now makes a September Fed rate hike a 'coin flip'.