Goldman Quietly Sells Billions In Stocks For The Third Quarter In A Row

By Tyler Durden, While most analysts and traders were digging through Goldman’s stronger than expected Q1 earnings report which beat on revenue and EPS, and despite some weakness in investment banking more than redeemed itself with stellar FICC numbers, thanks this time to the Commodity not Credit “C”… … which sent Goldman stock higher, for the third quarter in […]

Continue Reading

Chinese Oil Giant To Exit US, Canada And UK Over Fears Of Western Sanctions

By Tyler Durden, An odd thing happened this week: for obvious reasons, Russian usage of the Chinese yuan has been booming in recent weeks, with the Nikkei reporting that Russia boosted yuan holdings over dollar just before the invasion (having previously dumped all of its Treasury holdings all the way back in 2018 telegraphing what was coming to anyone […]

Continue Reading

Authorities Seize $13 Billion From Abramovich Associates In “Largest Asset Freeze In UK History”

By Tyler Durden, Update (1400ET): UK authorities are aggressively pursuing assets belonging to Roman Abramovich to such an intense degree that they have even decided to freeze £10 billion ($13.1 billion) of his assets. Here’s the FT with more: The UK is to freeze an estimated £10bn of assets held by two longstanding business associates of Roman Abramovich, […]

Continue Reading

Oil Soars Back Over $100 As China Lockdown Fears Fade, Ukraine Tensions Rise

By Tyler Durden, Was that it for the oil plunge? Having nearly reversed all of the post-Ukraine gains following its latest 4% drop on Monday, oil staged a powerful recovery on Tuesday as traders weighed China’s demand outlook following the easing of some virus restrictions in the financial hub of Shanghai, while tensions over the […]

Continue Reading

California’s High Power Prices Could Derail Liberal EV Dream

By Tyler Durden, California electricity rates are increasing far faster than the rest of the country. Last year, electricity prices rose 1.7 times faster than the rest of the county, and residential prices jumped 2.7 faster. These increases are terrible news for residents who want to swap their combustion engine vehicles for electric ones.   […]

Continue Reading

Russia Threatens Legal Action If US Treasury Forces It Into Sovereign Debt Default

By Tyler Durden, On Saturday, rating agency S&P cut its rating on Russia to “Selective Default” on Saturday after the Russian government said last week that it had repaid about $650 million in dollar-denominated debt in rubles (the payment was contractually due in dollars but Russia claims that sanctions make payment impossible). The downgrade to what is […]

Continue Reading

Biden’s Regressive Inflation Tax & The Money Illusion

By Tyler Durden, The poor are suffering most from inflation, even though their wages have risen by the largest percentage… as the ‘money illusion’ takes hold across America… Money illusion is an economic theory positing that people have a tendency to view their wealth and income in nominal dollar terms, rather than in real terms. In other words, it is assumed that people do […]

Continue Reading

China Insiders Steal Billions From US Investors

Op-Ed authored by Anders Corr via The Epoch Times, China’s corporate insiders are cheating small American investors of billions of dollars through advance information that enables lucrative trades just before the stock price falls. Flags are seen outside the New York Stock Exchange (NYSE) in New York City, where markets roiled after Russia continues to […]

Continue Reading

Relativity Space takes a high tech approach to space manufacturing

PreIPOSwap.com — 4/9/2022 – Charlotte, NC — In case you haven’t heard of Relativity Space, it’s a company that 3d prints rockets.  You heard that right, they print cones and rocket parts from a factory, run by robots and computers.  To get an idea of how this actually works, you can watch this short 2 […]

Continue Reading

Palladium, Platinum Soar After London Market Blocks Russian Products

By Tyler Durden, First Russian gold and silver, then diamonds, now platnium and palladium. On Friday, newly refined Russian platinum and palladium was suspended from trading in London, denying Russia access to the metals’ biggest trade hub in the latest in a growing list of measures against Russian interests because of the conflict in Ukraine. Of course, […]

Continue Reading