Chinese Steel Glut Intensifies

Chinese Steel Glut Intensifies

Chinese imports into the U.S. have fallen by 7.9% from August 2022, leading to concerns about sourcing steel and other metals. Chinese imports into the U.S. have fallen by 7.9% from August 2022, leading to concerns about sourcing steel and...
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North Korea Launched New Tactical Nuclear Attack Submarine

North Korea Launched New Tactical Nuclear Attack Submarine

Pyongyang says it has nuclear-tipped missiles which are capable of being fired underwater. State media descriptions have said it has ten total missile launch tubes, with four bigger than the others. The sub will next undergo sea trials. “We are full of...
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Pfizer Own Documents Show COVID-19 Vaccines Contain Potentially Harmful ‘Modified’ RNA, Not mRNA

Pfizer Own Documents Show COVID-19 Vaccines Contain Potentially Harmful ‘Modified’ RNA, Not mRNA

According to Pfizer and BioNTech’s COVID-19 vaccine label in the FDA’s Fact Sheet for Healthcare Providers, each Pfizer vaccine dose for children ages 5 through 11 contains 10 micrograms (mcg) of modRNA, while fully-approved Comirnaty authorized for use in...
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Lamborghini reveals the Lanzador EV, its first 100% EV

Lamborghini reveals the Lanzador EV, its first 100% EV

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Bitcoin Plunged 11% As Investors Pull $1 Billion From Crypto

Bitcoin Plunged 11% As Investors Pull $1 Billion From Crypto

Desperately slow empty shell Bitcoin with 2.7 TPS performance collapsed below $26,000 Friday afternoon as more and more dumb folks realized that the inventor(s) of Bitcoin never collected billions of dollars worth of revenue, suggesting that the indications of...
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China becomes world’s No.1 maritime fleet owner

China becomes world’s No.1 maritime fleet owner

China has overtaken Greece as the world’s largest maritime fleet owner in terms of gross tonnage (GT), global shipping information provider Clarksons Research said on Saturday. Greece held that position for a decade, but China’s position as the wor...
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OPEC’s oil production fell to 27.31 million BPD

OPEC’s oil production fell to 27.31 million BPD

OPEC’s oil production fell to 27.31 million barrels per day in July, an 836,000 bpd decline from a month earlier. The decline was largely a result of Saudi Arabia delivering on its 1 million barrels per day production cut. Libya...
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PayPal Launches PYUSD – USD-Backed Stablecoin For Payments Purpose

PayPal Launches PYUSD – USD-Backed Stablecoin For Payments Purpose

American financial technology company PayPal launched a new crypto stablecoin called PayPal USD (PYUSD) on Aug. 7. The new US dollar-backed stablecoin will be issued by Paxos Trust Co. and fully backed by United States dollar deposits, short-term Treasurie...
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Risk Warning: Increased Risk of Decline in Capital Markets

Risk Warning: Increased Risk of Decline in Capital Markets

As has been my standard since September 1998, I publicly warn in advance of the increased risk of a decline in capital markets. And now this situation has come again. What are the current reasons? 1. Stocks in general are...
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Wells Fargo customers report missing deposits

Wells Fargo customers report missing deposits

Deposits disappear from Wells Fargo accounts. For the second time this year, Wells Fargo acknowledged that deposits were not showing up in customers’ accounts. In an emailed statement Friday morning, a Wells Fargo representative said the issue was affect...
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Germany’s Uniper To Invest $8.8 Billion In Green Energy

Germany’s Uniper To Invest $8.8 Billion In Green Energy

German energy giant Uniper, which was bailed out by the government last year, pledged on Tuesday to invest more than $8.8 billion (8 billion euros) in green energy by 2030 as it looks to become a greener energy provider faster than previously...
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NHTSA Wants 58 MPG Fuel Efficiency Standard By 2032

NHTSA Wants 58 MPG Fuel Efficiency Standard By 2032

National Highway Traffic Safety Administration (NHTSA) announced a proposal to require raising fuel economy standards to 58 miles per gallon. The proposal, from the Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), wo...
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Boeing To Increase Production Rates Of 737 MAX And 787 Jets

Boeing To Increase Production Rates Of 737 MAX And 787 Jets

Boeing aims to produce at least 50 MAX variants per month by 2025 and is confident in the coordinated supply chain’s ability to deliver on this goal. The Renton plant in Washington state will see an increase in narrowbody production,...
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Ford set to loses $4.5 billion on EVs

Ford set to loses $4.5 billion on EVs

Ford Motor Company announced it is projected to lose a staggering $4.5 billion from electric vehicles (EVs) this year, up from the previous projected loss of $3 billion. The company released its second-quarter financial results. The U.S.-based automaker&#821...
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Raytheon Accumulated a Backlog of $185 Billion

Raytheon Accumulated a Backlog of $185 Billion

Raytheon has called in retired engineers to teach its employees how to build the Stinger missiles heavily used by Ukraine’s military—using blueprints drawn up during the Carter administration. It’s the latest example of a private company working to ramp ...
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