China Navy: Third Modern Aircraft Carrier to Be Launched Soon

China Navy: Third Modern Aircraft Carrier to Be Launched Soon

China will soon have another aircraft carrier. Chinese shipbuilders are currently manufacturing the aircraft carrier at the Hudong-Zhonghua Shipyard in Shanghai. It is also noteworthy that this event is steeped in symbolism because the CPC was founded in 1921 by...
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Czech Republic will join the gold rush

Czech Republic will join the gold rush

The newly appointed governor of the Czech National Bank (CNB), Aleš Michl, said that he plans to massively increase the central bank’s gold reserves from the current 11 tonnes to over 100 tonnes or more. It was almost inevitable that...
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Russia Ready To Help Solve Global Food Crisis

Russia Ready To Help Solve Global Food Crisis

taly says it’s working to intervene diplomatically with Russia to allow Ukrainian ports to open amid a growing global wheat and food supply crisis, given some 30% of the world’s wheat comes from war-ravaged Ukraine and Russia. This culminated in...
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Mercedes Sells 1955 Gullwing 300 SLR For $142 Million

Mercedes Sells 1955 Gullwing 300 SLR For $142 Million

The 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé has been sold at auction for a record price of €135 million ($142 million) to a private collector. An icon of the automotive world, the car is one of just two prototypes built and...
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Cisco Crashes 20% On Catastrophic Guidance

Cisco Crashes 20% On Catastrophic Guidance

Cisco which has served as the backbone of the internet for the past 30 years and is the biggest maker of computer-networking equipment, reported earnings which wiped out about 20%, or $40 billion, from its market cap in seconds. What...
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US Set To Block Russian Debt Payments

US Set To Block Russian Debt Payments

The US is now set to block Moscow’s ability to pay its sovereign debt – though ironically which Russia appears ready and willing to pay, if it weren’t for the far reaching US-led sanctions imposed on its central financial institutions...
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American Investors Have Lost $20 Trillion Since The Start Of 2022

American Investors Have Lost $20 Trillion Since The Start Of 2022

Since the start of the year, the S&P 500 Index is down 18%, the Nasdaq 100 has lost 27% and a Bloomberg index of cryptocurrencies has plunged 48%. That all amounts to “a wealth shock that is set to drag...
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SoftBank’s Vision Funds Report $27 Billion Loss

SoftBank’s Vision Funds Report $27 Billion Loss

SoftBank’s two Vision Funds have posted historic investment losses of ¥3.5 trillion ($27.5 billion) over the 12 months to March 31 as the funds’ biggest holdings were pummeled by rising interest rates and Beijing’s crackdown on the tech sector. ...
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Some inadequate rescue plan for Terra crypto

Some inadequate rescue plan for Terra crypto

Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’. The Terra crypto Twitter account shared some points of Do Kwon’s initial rescue plan: expanding the base pool, burning UST and staking LUNA. The Terra rescue story...
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Tesla’s April Sales In China Implode, Fall 98% Sequentially,

Tesla’s April Sales In China Implode, Fall 98% Sequentially,

TSLA’s market share in China’s domestic EV market has been on a steady decline since peaking at 16.8% in 1Q20 (it came in at 10.2% in 1Q22, down -660bps from the peak). Stated differently, it is our opinion for TSLA...
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90% Of Nations Are Planning CBDCs

90% Of Nations Are Planning CBDCs

Digital currency is code for money the government can track and either withhold or augment depending on if the holder has acted in accordance with the government’s desires. A new report from the Bank of International Settlements estimates that up to 90%...
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China Has ‘Financial Nuclear Bombs’

China Has ‘Financial Nuclear Bombs’

China Has ‘Financial Nuclear Bombs’ If West Levies Russia-Style Sanctions, Beijing Warns Multiple analysts at Chinese state-linked think tanks and banks have weighed in on the Biden administration’s recent threats to punish the world’s ...
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Exxon Triples Buyback To $30 Billion As Energy Giant Swim In Free Cash Flow

Exxon Triples Buyback To $30 Billion As Energy Giant Swim In Free Cash Flow

The best performing market sector of 2022 by a giant margin: energy. XOM remains the largest refiner of all the global integrateds and looks set to benefit the most from the recent run in refining margins. This morning, the two...
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Fidelity To Allow Bitcoin Investments In Retirement Plans

Fidelity To Allow Bitcoin Investments In Retirement Plans

“We fully expect that cryptocurrency is going to shape the way future generations think about investing for the near term and long term.” Investment giant Fidelity will reportedly enable its 23,000 business clients to offer Bitcoin accounts for their wor...
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FBI Warns of Targeted Cyber Attacks On Food Plants

FBI Warns of Targeted Cyber Attacks On Food Plants

FBI warns of targeted cyber attacks on food plants after mysterious rash of fires. “A significant disruption of grain production…”  The FBI’s Cyber Division published a notice this past week warning about increased cyber-attack thr...
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