By Tyler Durden, Now that the Russian ruble has erased all of its post-incursion losses… …the Russian Central Bank decided on Friday that it would loosen restrictions on the transfer of funds abroad, much to the relief of ordinary Russians (particularly the wealthy, as well as the Middle class, who have increasingly been turning to […]

By Tyler Durden, Authored by John Haughey via The Epoch Times (emphasis ours), A recently published analysis by a consumer advocacy nonprofit maintains that shutting a 4.5-mile section of a nearly 70-year-old pipeline that spans the Great Lakes from Wisconsin to Ontario would impose $23.7 billion in higher fuel costs on families and businesses in Indiana, Michigan, […]

By Tyler Durden, A couple of weeks ago, we highlighted a report claiming that crypto firms in the UAE (which is fast becoming a hotbed for the regional crypto industry) had seen a massive influx of demand from brokers trying to liquidate billions of dollars’ worth of crypto on behalf of wealthy Russian clients, in the […]

By Tyler Durden, As President Biden struggles to revive his domestic agenda after Sen. Joe Manchin torpedoed ‘Build Back Better’, the White House revealed on Saturday evening that it would include a proposal to impose a “minimum tax” on all families (and individuals) with more than $100 million in assets in its 2023 budget proposal, […]

By Tyler Durden, Oil pushed higher ahead of high-level meetings that may result in fresh sanctions on Russia, and as a vital Black Sea terminal may be disrupted for weeks following storm damag. Overnight, Reuters reported that Russian and Kazakhstan oil exports via the Caspian Pipeline Consortium (CPC) from the Black Sea may (read: will, now […]

By Tyler Durden, Authored by Katabella Roberts via The Epoch Times (emphasis ours), President Joe Biden and other White House officials met with CEOs of leading companies on Monday to discuss Russia’s invasion of Ukraine and what can be done to mitigate the burden of increasing prices on Americans brought about by the war. Secretary of Treasury Janet […]

By Tyler Durden, By John Kemp, senior market analyst at Reuters For the second week in a row, investors trimmed bullish petroleum positions amid elevated volatility, with prices oscillating between the twin threats posed by sanctions-driven supply disruptions and a demand-destroying recession. Hedge funds and other money managers sold the equivalent of 36 million barrels in […]