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US military strikes cargo ship in the Strait of Hormuz for attempting to bypass its blockade on Iranian ports.

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Florida Governor Ron DeSantis announces run for President in 2028.

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Oracle’s AI deals are falling apart one by one.Microsoft is now winding down its deal to rent AI computing power from Oracle.This comes just two days after Oracle canceled a $7 billion deal to lease 100,000 AI chips to Tencent, after pressure from the Trump administration.And in the same week, Oracle had to raise $20 billion to keep funding its AI buildout.It sold $10 billion of new shares at an 11% discount, and $10 billion of bonds paying up to 8.65% interest.That used up its entire planned funding limit through 2030. In less than a week.The cost to insure Oracle’s debt against default hit a record 3.25% a year last month.$ORCL has crashed -26% in just last 7 trading days, and is now down 68% from its all time high.Oracle borrowed billions to build data centers for AI.

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The US economy added 165,000 jobs in October, more than 2.5 times the 65,000 economists expected.

• Unemployment fell to 4.1%
• Hourly pay is up 3.1% from a year ago
• Private companies added 159,000 jobs

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Anti-crypto Senator Elizabeth Warren expected to become Chair of Senate Banking Committee, giving her major power over the financial industry.

Crypto industry will hurt.

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TRUMP JUST POSTED THIS:

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Paraguay’s President resigns after bank holding savings for half the country’s population collapses.

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$13.2 TRILLION has been wiped out from AI stocks since their 2026 highs:

That’s more than the entire GDP of every country on Earth except the US and China.• Alphabet: -32%, -$1.62 trillion• Nvidia: -25%, -$1.49 trillion• Broadcom: -41%, -$965 billion• TSMC: -28%, -$700 billion• Micron: -48%, -$678 billion• Meta: -25%, -$501 billion

it’s even worse across the sectors.On average:• Memory stocks: -60%• AI power stocks: -53%• Data center stocks: -50%• AI chip stocks: -43%• AI software stocks: -36%

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