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Horrific video shows paratrooper plunging to his death during Russian Airborne Forces Day celebration

NY Post
1 day 14 hours ago
A Russian paratrooper has died after his parachute failed to open during an Airborne Troops Day celebration near Moscow.
News.com.au

Dodgers’ Shohei Ohtani two-way status under threat like never before

NY Post
1 day 14 hours ago
This could be the beginning of the end.
Dylan Hernandez

Hyperscaler Bond Spreads Blow Out After Google Shocks With Another $25 Billion Bond Offering

Zero Rss
1 day 14 hours ago
Hyperscaler Bond Spreads Blow Out After Google Shocks With Another $25 Billion Bond Offering

After tightening sharply following last week's (pre-Situational Awareness) rout which sent hyperscaler CDS to the widest on record, AI bond spreads are blowing out again this morning - with SpaceX bonds - which have quickly emerged as the fulcrum bond security of the AI world - plunging this morning on news that for the third time in a year, Alphabet which has emerged as the credit (both on and off balance sheet) nexus of the AI supercyle, is looking to raise another $25 billion from its latest US investment-grade bond offering, a deal that will again test investor appetite for AI-related debt following a July selloff when bond AI-linked bond spreads exploded to all time wides.

The offering, which will very likely be upsizied (just as the illl-fated SpaceX bond offering) will be Alphabet's third since November.

In February, the Google parent issued more than $30 billion in new debt, including multiple non-US tranches. The offering followed a similar bond issuance from November 2025, when Alphabet sold $25 billion in debt, quadrupling its long-term debt to $46 billion. Since then Google's debt has surpassed over $100 billion and is rising at an astronomic pace; one can only hope the rating agencies don't notice. 

According to Bloomberg, Alphabet is offering notes in as many as 10 parts, with maturities ranging from two to 40 years. Initial price talk for the longest-tenored tranche is a premium of about 1.55 percentage points above Treasuries. No final decision has been made on the size, according to people familiar with the matter, however it is likely that - as always - there will be excess demand leading to significant oversubscription, with the bond then sliding after it starts trading.

Virtually every bank is an underwriter on the offering which will need all the help it can get: Bank of America, Citigroup, Goldman, JPMorgan, Morgan Stanley and Wells Fargo are managing the sale, Bloomberg said.

Alphabet’s offering comes one month after Amazon issued an identical amount of debt, and just two weeks after the company again raised its 2026 spending outlook, which triggered fresh worries about whether massive artificial-intelligence investments will pay off. Investor appetite for bonds to help fund capex cooled in July as Alphabet increased its forecast to as much as $205 billion, more than double 2025’s outlays.

Meanwhile, as the market finally started paying attention to good, old on-balance sheet debt, the flood of off-balance sheet continued with BlackRock last week selling $12.5 billion of bonds tied to a Meta data center SPV in Texas. Initial demand was very poor, following soft interest for an offering by Amazon.com.

Immediately afterward, bond spreads across the Hyperscaler sector blew out to record wides in the secondary market, as we reported on multiuple occasions. 

However, following the historic short squeeze in the past week (sparked by.... nobody really knows) sentiment improved again as August began, helped by gains in US Treasuries.

“We’ve had a few days now of positive reactions from investors across corporates and especially technology,” said Brett Kozlowski, portfolio manager at GW&K Investment Management. “But another large debt deal will still test the depth of that and be worth watching.”

Sure enough, after sliding by almost 20bps in the past week, hyperscaler spreads have already cut their gains in half after blowing out by almost 10bps since Tuesday, a move that is set to accelerate as even more debt comes to market.

 Alphabet, which sold more than $50 billion of debt in the first half of 2026, and Amazon have led the AI-infrastructure borrowing spree. Alphabet last tapped the US high-grade debt market in February, before selling bonds in Swiss francs, British pounds, euros, Canadian dollars and Japanese yen. It also issued nearly $85 billion of shares two months ago.

The explosive growth in CapEx is why Alphabet posted its first quarter of negative cash flow since its 2004 initial public offering.

The hope is that at some point, all this massive investment will lead to a surge in EBITDA. The only problem is what happens if nearly-free Chinese open-weight models end up dominating the market while US hyperscalers duke it out in the biggest spending spree since the Nuclear arms race. And, as we reported overnight, that's precisely what is happening. 

Tyler Durden Thu, 08/06/2026 - 10:14
Tyler Durden

Burnt artifacts discovered in parking lot linked to King Nebuchadnezzar’s destructive campaign during one of Jerusalem’s darkest periods

NY Post
1 day 14 hours ago
Archaeologists have uncovered some millennia-old burnt wooden beams in Jerusalem that hark back to a dark event described in the Bible -- the razing of King Solomon's temple.
Ben Cost

Knicks baseball hats top Chanel as most coveted accessory in the world among luxury shoppers selling for $400 on resale sites

NY Post
1 day 14 hours ago
Karl-Anthony Towns just dunked on Coco Chanel.
Faran Krentcil

Phillies fan wins auction to broadcast game — and ‘nothing can prepare you for how his voice sounds’

NY Post
1 day 14 hours ago
He was a natural. The Phillies held an auction for one fan to call an inning on 94WIP on Wednesday night — and listeners could not believe what they were hearing. A fan named Lewis Kalb crushed his opportunity to join Scott Franzke and Larry Andersen for the top of the third inning for the contest...
Grace McCarron

What Brittany Cartwright’s publicist texted her before bombshell Jax Taylor romance

NY Post
1 day 14 hours ago
"It was so heartbreaking for me," Cartwright said of the shock pairing.
mliss1578

What Brittany Cartwright’s publicist texted her before bombshell Jax Taylor romance

NY Post
1 day 14 hours ago
"It was so heartbreaking for me," Cartwright said of the shock pairing.
Jolie Zenna

Harry Jowsey gives surprising update on ongoing feud with Nick Viall

NY Post
1 day 14 hours ago
The "Let's Marry Harry" star exclusively told Page Six Radio that he recently ran into Viall.
mliss1578

Harry Jowsey gives surprising update on ongoing feud with Nick Viall

NY Post
1 day 14 hours ago
The "Let's Marry Harry" star exclusively told Page Six Radio that he recently ran into Viall.
Samantha Nungesser, Danny Murphy, Evan Real

Polymarket promo code NYPMAX1: Deposit $10, get $20 for NFL preseason

NY Post
1 day 14 hours ago
New York Post readers can enter the Polymarket promo code NYPMAX1 to unlock a $20 bonus for NFL preseason games.
Michael Leboff

‘Ted Lasso’ Season 4, Episode 1: 5 Things You May Have Missed, From Thundergong! To The New Basement Tapes And More

NY Post
1 day 14 hours ago
What else will we spot during rewatches?!
mliss1578

Ben Simmons sparks 76ers rumors with LeBron James photo hint

NY Post
1 day 15 hours ago
After being run out of town five years ago, Ben Simmons posted on social media that he's currently lacing up The King's boots.
Erich Richter

Ukrainian woman arrested by ICE at San Francisco airport

NY Post
1 day 15 hours ago
A 38-year-old Ukrainian woman, Iryna Gorb, was arrested by plainclothes ICE agents at San Francisco International Airport on July 22 after arriving on a flight from Portland. Video of the arrest, recorded by Richmond City Councilmember Doria Robinson, shows Gorb pleading for help as she is detained. The Department of Homeland Security said Gorb had...
New York Post Video

Miss North Carolina USA addresses taking crown from dethroned winner— but stays mum on alleged racism scandal

NY Post
1 day 15 hours ago
Boltinhouse, a business owner in Wilmington, is accused of writing a slew of social media posts containing a racial slur under an alias.
Chris Bradford

Trump saves toddler from running off stage, jokes ‘didn’t want him to be like Biden’

NY Post
1 day 15 hours ago
President Donald Trump briefly chased down a young boy who wandered toward the edge of the stage while his mother was speaking in a Trump event. After stopping the child, Trump joked, “I didn’t want him to be like Biden and fall off the stage,” drawing laughs from the audience.
New York Post Video

Xavier Becerra’s migrant child record back in spotlight after adviser alleges dozens of deaths

NY Post
1 day 15 hours ago
US health secretary Xavier Becerra faces new allegations of mishandling the child migrant crisis, with 330,000 cases unresolved.
Josh Koehn

Who Plays Mac On ‘My Life with the Walter Boys’? Meet Chad Rook

NY Post
1 day 15 hours ago
Mac is introducing Cole to the thrill of drag racing in My Life with the Walter Boys Season 3.
mliss1578

Mexican influencer’s chilling last words before he was gunned down during livestream: ‘Those guys scare me’

NY Post
1 day 15 hours ago
Cesar Gastélum, 24, was gunned down during a social media stunt with two pals outside a KFC restaurant in Culiacán, Sinaloa, Mexico, on Tuesday night.
Chris Bradford

Federal Review Finds 90% Of Maine's Autism Support Services Lacks Justification

Zero Rss
1 day 15 hours ago
Federal Review Finds 90% Of Maine's Autism Support Services Lacks Justification

Authored by Debra Heine via American Greatness,

Centers for Medicare and Medicaid Services (CMS) Administrator Dr. Mehmet Oz revealed Tuesday that federal investigators have found widespread irregularities in Maine’s support services for adults with autism.

Speaking Tuesday during a Department of Justice anti-fraud press conference in Philadelphia, Oz said investigators have found that 90 percent of autism services provided by the blue state lacked justification.

“Yesterday I was in Maine,” Oz said. “We’re investigating home support services, just like you’re seeing here, for adults, in that case, who have autism.”

“We have massive increases that have grown to the kinds of numbers you could not imagine being able to show on a clipboard, with 90 percent of services billed and paid for—in Maine in particular—where there is no justifiable backup for it,” Oz said. “Nine out of ten services, you can’t justify they should have happened. It’s the opposite of what you’d normally expect.”

The Trump administration has been urging states to increase oversight of Medicaid autism services, and examine whether a massive surge of spending on a new therapy called “applied behavior analysis” is medically appropriate, Axios reported.

During the press conference Tuesday, state and federal prosecutors announced charges of 19 defendants in connection with a $4 million scheme to defraud government-run Medicare and Medicaid system in Pennsylvania.

Federal officials detailed several new anti-fraud initiatives, including “expanded Medicaid Strike Forces, new investigative toolkits for states and enhanced data analytics designed to identify suspicious billing patterns before taxpayer money is paid,” Maine Wire reported.

Oz did not identify the providers under review, specify the total amount of claims being examined or announce any criminal charges connected to Maine. He also did not allege that every unsupported claim constituted fraud. Instead, he said the findings demonstrate the need for significantly greater oversight of Medicaid-funded home support programs.

Nevertheless, his remarks represent a major escalation in the Trump administration’s examination of MaineCare spending.

Federal officials have spent months reviewing Maine’s administration of Medicaid-funded autism and developmental disability services. Earlier this year, federal auditors questioned tens of millions of dollars in payments involving rehabilitative and community support services while requesting additional records from the Mills administration concerning providers and billing practices.

Far-left Maine Democrat Senate candidate Troy Jackson’s health care platform is focused on passing a government run “Medicare for All” insurance system to replace the current system.

Oz said programs that were originally designed to help disabled Americans have increasingly become vehicles for fraud.

“We have no tolerance for anyone who invents hours, invents a disability, invents a workforce at the expense of people who depend on these programs,” Oz said. “And if you love these most vulnerable Americans, you should care as well.”

The CMS administrator told reporters that the COVID-19 pandemic was the catalyst for the explosion of fraudulent Medicaid schemes currently plaguing the country.

“What happened in 2020 that has catalyzed this?” Oz asked. “COVID appears to have unleashed massive fraud because criminals knew the federal government would not follow up on the money that was being sent out.”

The Trump administration, he said, has adopted an “all-of-government” strategy deploying the Department of Justice, the Department of Health and Human Services, the FBI, the Drug Enforcement Administration, the IRS Criminal Investigation Division and state attorneys general to identify and prosecute Medicaid fraud.

“They’re not just stealing money, they’re stealing our trust,” Oz said of the fraudsters. “And that’s a much more difficult thing to replace.”

At the close of the nearly two-hour long presser, Assistant Attorney General Colin McDonald delivered a stern warning to those defrauding government health care programs.

“The era of getting rich off the backs of our programs for our sick, elderly and disabled is over,” McDonald said. “Your time is up.”

Tyler Durden Thu, 08/06/2026 - 09:20
Tyler Durden

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