WTI Rallies After Crude Inventory Build, Another Large SPR Addition
WTI Rallies After Crude Inventory Build, Another Large SPR Addition Oil prices edges lower again this morning (for the third straight day) after API reported crude and gasoline builds overnight in the US, and on the other side of the Atlantic, Genscape data showed expanded inventories in Europe’s oil trading hub. Additionally, Bloomberg reports that signs of […]
Global Bond Market On Verge Of Selloff As Commodities Reawaken
Global Bond Market On Verge Of Selloff As Commodities Reawaken Authored by Simon White, Bloomberg macro strategist, Aggregate bond indices are up in most countries on an annual basis. But the broadening commodity rally threatens to feed into global inflation and kickstart another bond selloff. A year ago almost all aggregate (corporate + government) bond […]
Russia Blasts As ‘Fake News’ Fresh Pentagon Charge Of Anti-Satellite Weapon In Space
Russia Blasts As ‘Fake News’ Fresh Pentagon Charge Of Anti-Satellite Weapon In Space At a moment nuclear tensions are soaring due to Russia launching tactical nuclear military drills in its southern district near Ukraine this week, Washington and Moscow are trading barbs over allegations of banned weapons in space. Kremlin spokesman Dmitry Peskov asserted on […]
“Inflation Creates An Illusion Of Wealth” – Peter Schiff Blasts Biden’s Brags About Raising Taxes
“Inflation Creates An Illusion Of Wealth” – Peter Schiff Blasts Biden’s Brags About Raising Taxes Via SchiffGold.com, This week Peter’s back to discuss new economic data, Powell’s recent remarks in the Netherlands, and the Biden administration’s new tariffs. More and more signs point to economic stagflation, but Biden, Powell, and their cronies continue to deflect […]
Outraged Israel Recalls Ambassadors From Spain, Norway, & Ireland Over Recognition Of Palestinian State
Outraged Israel Recalls Ambassadors From Spain, Norway, & Ireland Over Recognition Of Palestinian State The decades-long cause to push toward establishing a state of Palestine has just gotten a big boost out of Europe, as the countries of Norway, Ireland, and Spain announced Wednesday that they would recognize a Palestinian state. They are the latest […]
UK PM Sunak To Announce ‘Snap’ General Election On July 4th
UK PM Sunak To Announce ‘Snap’ General Election On July 4th With polls suggesting a heavy defeat, UK Prime Minister Rishi Sunak has announced a snap general election will take place on July 4th. The PM is set to name the early summer polling date in a Downing Street statement imminently, according to widespread reports […]
DHS Admits Border Has Been Open To Criminals And Terrorists
DHS Admits Border Has Been Open To Criminals And Terrorists Authored by James Breslo via The Epoch Times, The Biden administration’s experiment with a relatively open southern border has been shocking in the sheer number of people who have come across in just over three years, estimated to be about ten million. But the most […]
Streaming Wars: Netflix Winning On Subscribers, Amazon Prime Winning On Revenue
Streaming Wars: Netflix Winning On Subscribers, Amazon Prime Winning On Revenue In the world of content streaming, Netflix and Amazon Prime are two of the largest heavyweights in the arena. And a new look into both businesses by Invezz reveals that while Netflix may be winning in subscriber numbers, Amazon Prime has a leg up […]
Nearly 70% Of Gaza Aid From US-Built Pier Stolen
Nearly 70% Of Gaza Aid From US-Built Pier Stolen Authored by Joshua Marks via The Gatestone Institute, Close to three-fourths of the humanitarian aid transported from a new $320 million floating pier built by the U.S. military off the Gaza coast was stolen on Saturday en route to a U.N. warehouse, Reuters reported on Tuesday. Eleven trucks […]
FOMC Minutes Preview: No Hike But When To Cut?
FOMC Minutes Preview: No Hike But When To Cut? As Newsquawk writes in its Fed minutes preview, at its May meeting, the FOMC left rates unchanged at 5.25-5.50%, as expected, and announced a higher-than-expected tapering of its QT program, where the monthly cap on Treasury runoffs will be reduced from USD 60bln to USD 25bln […]