By Tyler Durden, Once heralded as the “Ethereum Killer”, cryptocurrency Solana has crashed almost 70% from its November highs amid a series of outages and bot attacks that have left traders and users frustrated to the point where many are raising questions about its viability. source The network had become the natural alternative to ethereum after […]

By Tyler Durden, When demand is so overwhelming that you have to stop taking pre-orders, that’s usually a good sign – even when you’re battling a supply chain crisis. This was the case with Ford’s new Maverick pickup truck which, priced at $20,000, has attracted so much demand that the automaker has been forced to […]

By Tyler Durden, Authored by Michael Maharrey via SchiffGold.com, The Federal Reserve is talking about raising interest rates. But the US economy is buried under piles of debt. I’ve been asking how this is going to work for months. Apparently, the question has finally occurred to the mainstream. A CNBC article declared, “Fed rate hikes will intensify […]

By Tyler Durden, “Our energy would simply prevail. There was no point in fighting—on our side or theirs. We had all the momentum; we were riding the crest of a high and beautiful wave. . . . So now, less than five years later, you can go up on a steep hill in Las Vegas […]

By Tyler Durden, Since being deported from Australia last week, men’s tennis champion Novak Djokovic has returned to Belgrade, where he lives with his family. Having inadvertently (or not) become the locus of the international debate about mandatory vaccinations, Reuters reported that Djokovic and his wife hold a combined 80% stake in Danish biotech firm QuantBioRes, which is working on […]

By Tyler Durden, Authored by Gail Tverberg via OurFiniteWorld.com, In my view, there are three ways a growing economy can be sustained: With a growing supply of cheap-to-produce energy products, matched to the economy’s energy needs. With growing debt and other indirect promises of future goods and services, such as rising asset prices. With growing […]

By Tyler Durden, Earlier today we quoted a JPMorgan trader who was wondering if after yesterday’s mid-day swoon, the result of systematic, vol-targeting and CTA strategies unleashing a barrage of sell orders, if today’s action would be similar, to wit: “Let’s see if we can hold pre-market gains throughout the session as yesterday afternoon felt like systematic […]

By Tyler Durden, Tesla investors continued to try and convince Vice Chancellor Joseph Slights of Delaware’s Court of Chancery that Elon Musk “bailed out” his cousin’s company, SolarCity, to the tune of $13 billion that needs to be returned to shareholders, this week. During closing arguments to a 10 day trial, Randy Baron, an attorney […]

By Tyler Durden, Netflix has crashed 21%, dropping below $400 after trading at $510 yesterday and at $700 two months ago, after the streaming-video company’s first-quarter subscriber outlook missed estimates, sparking panic over slowing growth. Several Wall Street firms cut the stock and slashed price targets, though long-term bear Benchmark upgraded the shares. As Bloomberg […]

By Tyler Durden, While most analysts and traders were digging through Goldman’s disappointing Q4 earnings report which missed on EPS and trading revenue, and focusing on the investment banking and markets (i.e., commission-based flow trading ) results as well as the ominous surge in expenses… … which sent Goldman stock price plunging, for the second quarter in […]