Category: Business

This day marked the 50th anniversary of a momentous phone call
3. 4. 2023 No Responses

This day marked the 50th anniversary of a momentous phone call

On April 3, 1973, Motorola engineer Martin Cooper was standing in a street of New York when he made the first ever call on a true mobile phone, calling his chief rival at Bell Labs, Joel Engel, presumably to gloat....
read more
‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”
2. 4. 2023 No Responses

‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”

Renowned economist Nouriel Roubini, who predicted the global financial crisis of 2008 caused by fraudulent MBS, has issued a grim assessment of US banking sector’s status. In an opinion piece for Project Syndicate, Roubini, nicknamed ‘Dr. Doom’ by Wa...
read more
India to drop US dollar in cross-border trade
31. 3. 2023 No Responses

India to drop US dollar in cross-border trade

India has opted to offer its Indian Rupee (INR) as a trade currency alternative to the US dollar after it unveiled its latest “dynamic and responsive” foreign trade policy in a bid for de-dollarization. According to the Indian Commerce Secretary...
read more
SEC Chair Gary Gensler To Face Congress Grilling Over Crypto Policy
29. 3. 2023 No Responses

SEC Chair Gary Gensler To Face Congress Grilling Over Crypto Policy

The United States Securities and Exchange Commission (SEC) chief Gary Gensler is set to testify before the House Financial Services Committee for the first time. In an interview, Representative Patrick McHenry, chairman of the Financial Services Committee, co...
read more
Bulgaria Refuses To Send Weapons To Ukraine, Joins Hungary & Austria’s Neutral Stance
28. 3. 2023 No Responses

Bulgaria Refuses To Send Weapons To Ukraine, Joins Hungary & Austria’s Neutral Stance

After Austria and Hungary, Bulgaria has also joined the minority group of European Union countries that refuse to send weapons to Ukraine, news and opinion portal Mandiner reports. Bulgaria has declared that it will not take part in the EU’s joint...
read more
Bank Run Drains $550 Billion In Deposits In One Week
18. 3. 2023 No Responses

Bank Run Drains $550 Billion In Deposits In One Week

It seems that QT Is Essentially Over. The Fed Since 2020: 1. Mar 2020: Inflation won’t be a problem 2. Jan 2021: Inflation is “transitory” 3. Sept 2021: Interest rates won’t rise until 2024 4. Jan 2022: Recession is needed...
read more
Slovakia Will Send Entire Fleet of MiG-29 Fighter Jets to Ukraine
17. 3. 2023 No Responses

Slovakia Will Send Entire Fleet of MiG-29 Fighter Jets to Ukraine

Slovakia’s government has approved a plan to give Ukraine its fleet of 13 Soviet-era MiG-29 fighter jets. Slovakia’s government on Friday approved a plan to give Ukraine its fleet of 13 Soviet-era MiG-29 fighter jets, becoming the second NATO member coun...
read more
Massive Downward Reductions In US Shale Oil Output
16. 3. 2023 No Responses

Massive Downward Reductions In US Shale Oil Output

EIA issued the March DPR: A massive downward reductions in US shale oil output.  In the March report, shale oil output from the key plays is reduced by 443,000 bpd for January and 250,000 bpd for February.  If we go...
read more
Rumour: Hypersonic Missile Kinzhal Destroyed NATO’s Deep Underground Command Bunker in Kiev
15. 3. 2023 No Responses

Rumour: Hypersonic Missile Kinzhal Destroyed NATO’s Deep Underground Command Bunker in Kiev

Note: This is a rumour, unconfirmed by thousands of other media outlets. The Greek portal of political and military information Pronews, citing American sources: A Russian hypersonic missile “Kinzhal” struck at a joint Ukrainian-NATO command and communicat...
read more
Moody’s Downgrades Entire U.S. Banking System
14. 3. 2023 No Responses

Moody’s Downgrades Entire U.S. Banking System

Late Monday, the credit rating agency, Moody’s, downgraded the entire U.S. banking system outlook to negative from stable. This important message was widely suppressed, as if on orders from agents in command. Ttao’s reaction from Moody’s suggests...
read more
Banks Plunge, Futures Tumble As Analysts Realizes Latest Bailout Is Insufficient
13. 3. 2023 No Responses

Banks Plunge, Futures Tumble As Analysts Realizes Latest Bailout Is Insufficient

Goldman Sachs calling a pause in the Fed’s hiking cycle, 2Y yields have plummeted a staggering 50bps, suffering the biggest 2-day drop since Black Monday in October 1987. Most US banking stocks cede early gains to trade around flat or...
read more
USDC Depegs From $1
11. 3. 2023 No Responses

USDC Depegs From $1

U.S.-based casual stablecoin USDC issuer Circle held a part of its USDC stablecoin’s cash reserves at Silicon Valley Bank as of Jan. 17, according to the firm’s latest attestation. USDC is the second-largest stablecoin on the market, with a $43 bill...
read more
Meta is building a decentralized text focused app
10. 3. 2023 No Responses

Meta is building a decentralized text focused app

The social networking giant is reportedly in the early stages of developing an app codenamed P92 that would let users post text-based updates, and it’s going to support Mastodon’s social networking protocol called ActivityPub. Meta confirmed that a...
read more
Pentagon seeks $300 billion to replenish depleted munitions sent to Ukraine
9. 3. 2023 No Responses

Pentagon seeks $300 billion to replenish depleted munitions sent to Ukraine

The US Department of Defense has planned to seek a huge budget to replenish the arms and munitions the Pentagon sent to Ukraine, where Moscow says it’s fighting a proxy war against Russia.  The Pentagon seeks more than $300 billion...
read more
Commodity Traders Record $115 Billion In 2022 Profit
8. 3. 2023 No Responses

Commodity Traders Record $115 Billion In 2022 Profit

According to a new report from Oliver Wyman, commodity traders saw record gross margins of about $115 billion last year. According to the report, industry gross profit margins have roughly tripled from $36 billion in 2018, with those of independent...
read more
1 … 6 7 8 9 10 … 56