Editors’ Picks – Page 12

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...

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...

10. 3. 2023 No Responses

Iran and Saudi Arabia agree to resume relations

Iran and Saudi Arabia have reached an agreement in the Chinese capital of Beijing to restore their diplomatic relations and re-open embassies and missions, seven years after their ties were broken off over several issues. The agreement was struck on Friday...

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...

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...

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...

7. 3. 2023 No Responses

UN Secretary-General Guterres : Palestinians are ‘living in hell’ under prolonged Israeli occupation

Secretary-General of the United Nations Antonio Guterres says Palestinians are suffering and “living in hell” under the prolonged occupation of the Israeli regime, as tensions are high in the occupied West Bank after Israeli settlers set dozens of Palest...

6. 3. 2023 No Responses

Iran discovered world’s second-largest lithium deposit

Iranian officials claimed to have found a deposit containing 8.5 million metric tons of lithium ore in the country’s Hamedan Province. Lithium is a crucial raw material for the production of batteries, used in all kinds of electronic devices, from...

5. 3. 2023 No Responses

Central Banks Around The World Are Suffering Heavy Losses

Central bank balance sheets, bloated by a decade of monetary manipulation, now yield less than overnight interest rates. That gap is producing staggering losses for the very same central bankers responsible for creating it. One such example: The German Bundes...

4. 3. 2023 No Responses

Pentagon: 77% Of Americans Aged 17-24 Aren’t Fit For Military Service

A new report from the Department of Defense reveals that the vast majority of Americans aged 17-24 are unfit for military service. Citing a Feb. 16 congressional hearing, a DoD report reveals that 77% of Americans in the above age group could not physicall...

13. 2. 2023 No Responses

Update: On March 13, the revolutionary clean energy technology will be presented in LiveStream

The revolutionary zero-emission energy technology, whose origins date back to 1994, will be presented in February via LiveStream transmission from the Rome laboratory. The new technology works 24/365 non-stop and does not need sun or wind. It does not burn...

12. 2. 2023 No Responses

$28.8 Billion Worth Adidas Projects Major Losses in Revenue

Adidas is suffering after bidding goodbye to Kanye West. The brand and the celebrity majorly uplifted each other with their Yeezy collaboration, which began in 2015. The partnership became super successful, making billions of dollars in revenue, which came to...

11. 2. 2023 No Responses

Adani fights back

Ever since the Adani Enterprises Limited Follow-On Offer opened on January 27, the group has been on the backfoot post the Hindenburg report questioning it and its finances. The aftershocks of the report rattled the group and its impact was...

10. 2. 2023 No Responses

The SEC Charges Kraken Over Staking

The Securities and Exchange Commission announced its enforcement action against Kraken, forcing the crypto exchange to shut down its staking service in the U.S. and pay a $30 million fine. Kraken’s staking service offered its customers an opportunity to ear...

9. 2. 2023 No Responses

Credit Suisse upgrades Lockheed Martin

Credit Suisse upgraded their outlook for Lockheed Martin from Underperform to Outperform. Analyst Price Forecast Suggests 4.56% Upside As of February 7, 2023, the average one-year price target for Lockheed Martin is $490.48. The forecasts range from a l...

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