•Bob Elliott, CIO of Unlimited, suggests that markets are showing complacency regarding the risk of a prolonged conflict between the U.S., Israel, and Iran.
•The logic of war differs fundamentally from tariff policies, and Washington does not have full control over the escalation path.
•WTI crude futures spiked to $111 a barrel as the Middle East conflict intensified, causing panic in energy markets.
•Goldman Sachs' Global Affairs Chief warned that the IRGC could activate cells in Latin America, West Africa, and Europe to hit embassies or cultural centers.
•The Strait of Hormuz remains paralyzed for a second week, with additional threats identified for undersea cables carrying 80% of Europe-Asia internet traffic.
•Bank of America strategists warned that it is too early to celebrate a reduction in risk, pointing to the potential for a scorched-earth strategy from Iran.
•The warning was led by Nitin Saksena, head of equity-derivatives strategy at the bank.
•Nvidia is expected to unveil a broader suite of specialized AI chips and networking technologies at its GTC developer conference.
•Bank of America analysts expect the firm to showcase a broadened AI computing stack including systems for training, inference, and large-scale batching workloads.
•An arbitrator reaffirmed Matthews International's right to develop, produce, and sell proprietary dry battery electrode (DBE) solutions to third parties.
•This is the second favorable ruling for the company in 12 months regarding its litigation with Tesla.
•The decision clarifies Matthews' ownership of DBE technology developed over the past two decades.
