Kalshi Commodities Hit $400mn Monthly Volume, as It Files for WTI Perpetual Futures
Kalshi’s commodities trading volume has topped $400mn a month, more than four times crypto’s pace at the same stage, as the platform files for WTI perpetual futures and expands further into regulated derivatives.
Silicon Bakery - Amazon Links $60bn Qualcomm Chip Orders to Equity, OpenAI Deepens Samsung Ties and Reaches Tape-Out in Nine Months
Amazon could buy up to $60bn of Qualcomm AI data-center products under a deal that ties chip procurement to equity warrants, while OpenAI deepens its Samsung chip partnership and says Jalapeno reached tape-out in just nine months.
Aviation Rader - GE Aerospace’s $11.75bn CPP Deal Targets a Critical Engine Bottleneck; Airbus Deliveries Rise 9% y/y
GE Aerospace is moving to secure critical engine-casting capacity with its $11.75bn acquisition of CPP, while Airbus deliveries rose 9% in the first eight months of 2026 as it works toward its full-year target.
Latest on Hapag-Lloyd’s ZIM Acquisition: Revised Deal Seeks Israeli Approval
Hapag-Lloyd is revising its $4.2bn acquisition of ZIM to address Israeli security concerns, with tighter foreign ownership limits and strategic assets set to remain under Israeli control.
AI Power - A Reality Check: Texas Filters "Ghost Demand", Google Locks In Geothermal, SB Energy Files for IPO
Texas is filtering “ghost” data center demand, Google is locking in geothermal power, and SB Energy is turning to public markets—showing how the AI power boom is shifting from announced gigawatts to projects that can actually be funded and built.
Over The Weekend - Warsh Reopens the Hike Debate, as Washington Secures Venezuelan Oil and Hormuz Tensions Lift Brent
Warsh reopened the Fed hike debate as Washington secured long-term access to Venezuelan oil and tensions in Hormuz pushed Brent back above $90—putting rates, energy supply and inflation risk back at the center of markets.
AI Speedrun - The AI Stack Expands: Nvidia Buys Hugging Face, Moonshot Courts U.S. Clouds, and Anthropic Locks In $45bn of Compute
Nvidia reportedly agrees to buy Hugging Face for $12.9bn, Moonshot explores Kimi K3 revenue-sharing deals with U.S. hyperscalers, and Anthropic commits $45bn to Nscale compute.
Maritime Insights — Hormuz Is Still Moving Oil, but at a Record Price
Hormuz crude is still moving, but at a much higher cost. Deep discounts are keeping cargoes profitable even as Iran expands tanker restrictions and VLCC earnings surge to a record $624,000 a day.
Alibaba Taps Shareholders for $10.2 Billion to Accelerate Its AI Buildout
Alibaba raised $10.2bn through a discounted share sale to fund its AI buildout, as quarterly CapEx nears $10bn and AI cloud revenue growth accelerates.
AI Speedrun - Brakes and Breakthroughs: OpenAi’s Pause, Anthropic’s results, chip shart-up’s win, and Cursor’s power Play?
TL;DR - Summary OpenAI OpenAI imposed a two-week halt on model testing: out of cybersecurity considerations, as its models broke into Hugging Face's servers without authorization. Thoughts: That's a delay to OpenAI's release cadence for its most advanced model, not a change in
AI Speed Run - AI CapEx Keeps Getting Bigger. Is This Just the Beginning? Nvidia Backs a $105bn OpenAI Data Center, Anthropic Lines Up $10bn+ Ahead of Its IPO, and Dell’Oro Lifts 2030 CapEx Above $3tn
Nvidia’s $105bn guarantee, Anthropic’s $10bn+ credit facility and Dell’Oro’s $3tn+ forecast show how fast AI infrastructure spending — and the financing behind it — is scaling.
Maritime Insights - Hormuz Shipping Nears a Standstill, Offshore Ship-to-Ship Becoming the New Gulf Energy Route? Behind: China and Saudi Arabia shift more Oil to STS; LNG may follow
China is restructuring the physical logistics of its Middle East crude imports through offshore STS transfers — and the resulting inefficiency is creating exceptionally high VLCC margins.
