From: zerohedge Commodities Soar After China Eases Quarantine Rules | ZeroHedge Commodities from Iron to crude to copper to soybeans soared after China made a significant change to the zero Covid policy that has caused nothing but trouble in the world’s second-biggest economy.  Almost all commodities, whether agriculture, energy, or metals, traded higher following the […]

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From: zerohedge Bankman-Fried ‘Lent’ Billions In Customer Funds To His Trading Firm, Setting The Stage For Implosion | ZeroHedge Alameda Research – Sam Bankman-Fried’s (SBF) FTX-affiliated crypto hedge fund – “owed” FTX $10 billion after the exchange “lent” billions of dollars of sacrosanct customer assets to fund risky bets, just as we suspected… only even […]

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From: zerohedge SBF Issues Mea Culpa: “I’m Sorry… I F**ked Up” As Alameda Research Winds Down Trading | ZeroHedge In his first words since the (alleged) ponzi fraud of FTX was exposed yesterday, Sam Bankman-Fried, CEO and founder of FTX, has issued a lengthy tweet-thread to try to explain himself. He begins: 1) I’m sorry. […]

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From: zerohedge World’s Top Chipmaker To Build Another US Plant In Arizona | ZeroHedge Currently, US semiconductors are a measly 10% of global production. Most chips are produced in Asia, particularly South Korea and Taiwan, and the Biden administration has pushed the Chips and Science Act to boost development and production domestically.  The CHIPS Act […]

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From: zerohedge “Beyond Our Ability To Help” – Binance Abandons FTX Deal; SBF Admits $8 Billion Shortfall, Bankruptcy Likely | ZeroHedge The Wall Street Journal reports that Sam Bankman-Fried told investors today that FTX has a shortfall of $8 billion, was seeking emergency liquidity, and that without more capital, bankruptcy is likely. Some have suggested […]

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From: zerohedge FTX Post-Mortem: Bankman-Fried Admitted The “Ponzi Business” Of Crypto Yield Farming Months Ago | ZeroHedge Over the summer, I was stunned when a friend of mine sent me an interview with FTX CEO and crypto billionaire Sam Bankman-Fried that I had never seen before. In the interview, Sam, who I recently noted knows more about the […]

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From: zerohedge Sam Bankman “Fried” Nearly All Of His $16 Billion Fortune | ZeroHedge Binance’s Changpeng Zhao appears to have cast the death blow on competitor FTX and its “billionaire” founder/CEO, Sam Bankman-Fried. Bankman-Fried’s fall from grace has been one of the more stunning losses of net worth in recent history. Despite there likely being issues under […]

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From: zerohedge Twitter Daily User Growth Hits ‘All-Time Highs’ During First Week Under Musk | ZeroHedge While Twitter may be shedding virtue-signaling advertisers (who totally weren’t looking for reason to trim their ad budgets), daily user growth during the company’s first full week under Elon Musk has hit ‘all-time highs,’ according to an internal document […]

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From: zerohedge Something Has Snapped: Unexplained 2.3 Million Jobs Gap Emerges In Broken Payrolls Report | ZeroHedge A simplistic, superficial take of today’s jobs report would conclude that the red hot jump in nonfarm payrolls indicates a “strong hiring market” (just ignore the jump in the unemployment rate). Nothing could be further from the truth. […]

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From: zerohedge The Next OPEC-Like Cartel Could Be In Battery Metals | ZeroHedge Large nickel producer Indonesia sees merit in the formation of an OPEC-like cartel for battery metals. Indonesia has not yet contacted other nickel-producing countries to discuss the idea of a cartel. An Indonesia-led cartel for battery metals would likely face opposition from […]

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