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Financial System
From: techcrunch Filing: Anduril is raising up to $1.2B, sources say at a $7B pre-money valuation, for its defense tech — TechCrunch Technology built to improve state resilience — be it in the form of cybersecurity, energy independence, national defense or something else entirely — has come into stronger focus in the wake of the […]
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From: zerohedge Allianz Unit Criminally Charged, Will Pay Billions Over $7 Billion Hedge Fund Blow Up; CIO Arrested | ZeroHedge The last time we checked in on the remarkable story of Allianz’ imploded hedge funds in mid-February, we learned that the insurance giant would take a €3.7 billion charge against the event which was That’s […]
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From: zerohedge Crypto Carnage Continues As Stablecoin Crisis Spreads To Tether | ZeroHedge The market capitalization of the world’s cryptocurrencies crashed over $200 billion overnight, back below $1.5 trillion – its lowest since July 2021 and almost 50% down from its $3 trillion highs in Nov 2021… Most of the loss is coming from the […]
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From: nytimes Last fall, as container ships piled up outside the Port of Los Angeles, it looked as if inflation was going to be with us for longer than many had predicted. Curious how C.E.O.s were justifying higher prices, my team and I started listening in on hundreds of earnings calls, where, by law, companies […]
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By Tyler Durden, Authored by Katabella Roberts via The Epoch Times, The Biden administration is weighing up using income to determine eligibility as part of a potential plan to cancel hundreds of millions of dollars of federal student loan debt but has not yet analyzed how it would impact inflation, the White House said Monday. Biden promised during his 2020 presidential campaign […]
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By Tyler Durden, For a vivid example of a hedge fund that prospered and grew, expanding relentlessly with the blessings of the Fed’s ZIRP and QE but now that QE is on idefinite hiatus and the Fed’s put is gone and successful “investing” actually requires more skill than just putting cash into high beta names […]
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By Tyler Durden, An absurd COVID-19 bill by radical leftist Road Island Senator Samuel W. Bell says that residents who refuse the vaccine and its booster shots are subjected to fines and pay more income tax unless they receive an exemption. Bell introduced Rhode Island Senate Bill S2552 on March 1. As of last week, the […]
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BY 800º GO, 800º Go by Piestro kiosk outfitted with a touch screen for easy-ordering and a viewing window for customers to watch their pizzas become ready to eat in just 3 minutes. Credit: 800º Go. It’s no question that the restaurant industry is fundamentally changing. Ultra-tight profit margins and rising real estate costs […]
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By Tyler Durden, Via SchiffGold.com, Gold demand surged to kick off the year, up 34% year-on-year in the first quarter of 2022. Total demand came in at 1,234 tons in Q1. That was the highest quarterly demand since Q4 2018, according to the World Gold Council’s Gold Demand Trends report. Demand in the first quarter […]
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By Tyler Durden, After throughout the whole month consistently rejecting a proposed European Union ban on Russian oil, but while also walking a delicate tightrope of opposing Putin’s demand of payments in rubles for Russian energy, Germany is now ready to pull the trigger on an embargo. It’s another major Berlin U-turn happening in tandem with […]
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