Mike Margitan retweeted
UPDATE: Lithuania says the overnight arson attempt targeted Starlink infrastructure operated by SpaceX at the Delska data center in Vilnius.
Vilmantas Vitkauskas, head of Lithuania’s National Crisis Management Center, said the site is part of the Starlink network, providing
communications to civilians, businesses and the military.
Vitkauskas also linked the incident to previous cases in Poland and Bulgaria, describing them as part of a Russian effort to disrupt Starlink operations and undermine Ukraine’s military efforts.
🇱🇹 BREAKING: Lithuania says an attempt was made overnight to set fire to a company storing Starlink communications equipment used by Ukraine, in an incident Prime Minister Mindaugas Sinkevičius has linked to Russia’s suspected hybrid warfare campaign against Europe.
The attempted arson took place at around 2 a.m. According to Sinkevičius, the company had already been warned by Lithuanian security services about possible attacks, prompting it to strengthen security at the site. The attempt was ultimately prevented, and incendiary liquids were found at the scene in containers ranging from 3 to 5 litres, as well as a 10-litre canister.
The company supports nine Starlink satellite antennas used by Ukraine, making the facility relevant to communications supporting Kyiv.
Lithuanian officials have confirmed that the incident is under investigation. Police Commissioner General Arūnas Paulauskas said officers worked through the night collecting evidence and examining the scene. No suspects have been detained so far, and the company’s operations were not disrupted. Any damage is believed to be minimal.
Mike Margitan retweeted
Russia struck Ukraine’s energy sector 76 times since Donald Trump announced an “energy ceasefire,” Volodymyr Zelensky said.
A weekly barrage of nearly 2,700 drones, 1,700 bombs, and 66 missiles proves Moscow rejects de-escalation, he warned.
kyivpost.com/post/87414
Mike Margitan retweeted
Another day, another hot inflation report.
Business inflation surged in September to 6.3% (!). The expectation was 5.4%.
Every category of business inflation was hot, even after stripping away energy costs.
It's inevitable that companies will pass some of these costs along to consumers. It's yet another reason this fight against inflation is likely to be longer than anyone wants.
Business (wholesale) inflation: 6.3%
Consumer Inflation: 3.7%
Mike Margitan retweeted
Anduril is investing $3.7B into Arsenal-2.
The next great American Shipyard.
Another “stellar” report card for Rochester MN schools:
= RPS reading proficiency 47.1%, < state avg 48.6%.
= RPS math proficiency 41.2%, < state avg 44.9%.
= RPS science proficiency 25.4%, < state avg 25.5.%.
More $ does not = better results. PB SpinDrs
Mike Margitan retweeted
Railways 1845. Utilities 1929. Japan 1989. Dotcom 2000. Shale 2014.
Same order each time: stocks peak, capex keeps rising for another 6-24 months, then rolls over.
The trigger was usually a central bank.
Another “stellar” report card for Rochester MN schools:
= RPS reading proficiency 47.1%, < state avg 48.6%.
= RPS math proficiency 41.2%, < state avg 44.9%.
= RPS science proficiency 25.4%, < state avg 25.5.%.
More $ does not = better results. PB SpinDr
postbulletin.com/news/local/…
Wow… re: Covid origin discussion
Bill Gurley: Searching for Feynman youtu.be/A4Q7zAayW20?si=pQ7b… via @YouTube
Mike Margitan retweeted
🚨Oracle might be in big trouble.
Its credit default swaps just hit a record high, and its 2056 bonds are now yielding over 8% for the first time.
Oracle is one downgrade away from junk status.
If that happens, $120 billion of its bonds get automatically pulled from investment-grade indexes.
This comes right after Oracle's force majeure notice on its New Mexico data center, and while long-term US yields are hitting multi-decade highs.
This isn't just an Oracle problem.
Credit default swaps are rising across Google, Microsoft, Amazon, Meta, Nvidia, and SpaceX too.
The market is starting to worry about how this entire AI buildout is being financed.
Mike Margitan retweeted
ANOTHER Force Majeur incoming.
Exelon refuses to build power to massive hyperscaler data center being built in Joliet for undisclosed hyperscaler, after the developer failed to come up with deposit for the $20 billion energy project.
Developer could only pay $1.
$ORCL $META $MSFT $GOOG $AMZN
utilitydive.com/news/ferc-ex…
Mike Margitan retweeted
BREAKING: Oracle $ORCL crashed as much as 8% today after invoking "force majeure" on its New Mexico AI data center project.
The notice lets Oracle delay payments and dodge rising costs if the facility isn't ready by 2028.
Investors are reading it as a sign of trouble in Oracle's AI data center buildout, the same buildout its entire stock rally has been built on.
Mike Margitan retweeted
Get a full explainer here: ibm.co/6011ETIbL
Mike Margitan retweeted
IBM's quantum chip foundry locks in $1 billion in U.S. government funding: The Commerce Department finalized the award, first announced in May, to support a 300-millimeter quantum wafer foundry in Albany, New York dlvr.it/TVWt3Z
Mike Margitan retweeted
A major coordinated sabotage attack was just carried out against railway infrastructure in at more than 20 locations in the Netherlands.
Large 2 meter-long metal pipes were deliberately attached to the tracks, triggering track-circuit and safety system failures by tricking the grid's computers into registering that the tracks were blocked.
Some of the attacked railway lines include:
Amersfoort – Zwolle
Zwolle – Leeuwarden
Utrecht – Arnhem
Arnhem – Zutphen
Amersfoort–Deventer
Gouda–Oudewater
Mike Margitan retweeted
Exclusive: Deep in Arctic waters near the remote Svalbard archipelago this spring, NATO allies caught Russian subs training to unleash a secret weapon designed to disable critical undersea cables without leaving any fingerprints reut.rs/4AaYl02
Mike Margitan retweeted
BREAKING: US bond investors just posted their worst 10-year return in 223 years.
The rolling 10 year return on US Treasury bonds fell to -1.85% as of August 2026.
Anyone holding bonds for the last 10 years lost money, even before counting inflation.
Since 1793, this rolling return has averaged 5.41% a year.
H/t @biancoresearch
