China’s biggest tech companies have reportedly ordered more than 3 million Nvidia RTX PRO 5500 chips, about $35 billion in demand. Nvidia may deliver only a fraction of that. Here’s why export rules, manufacturing capacity, and product priorities stand between the headline and the revenue line, and which signals could change the story in 2027.

Brent crude ran to $97.93 overnight and OPEC+ declined to add supply, but the number that actually explains this market is 10: the daily average of commodity ships transiting the Strait of Hormuz, the lowest since May. No very large crude carrier has exited since Wednesday. Here's why spare capacity can't fix a chokepoint, how diesel carries this into the inflation data, and the four signals that would prove the thesis wrong.