The US Pizza Market is Expected to be $54B by 2023. Now, You Can Own a Slice.

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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Gold Demand Surges In First Quarter

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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Oil Spikes After EU Says Russian Embargo ‘Imminent’ As Germany Drops Opposition

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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Ukraine Bans Bitcoin Purchases With National Currency Amid Martial Law

By Tyler Durden, Authored by ‘NAMCIOS’ via BitcoinMagazine.com, Ukraine’s central bank is prohibiting bitcoin buys with the hryvnia in an attempt to prevent what it calls “unproductive” capital outflows. The Ukrainian central bank has banned bitcoin purchases with the national fiat currency. The bank said the move seeks to prevent “unproductive” capital outflows in a […]

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Amazon Signs Lease For Largest US Property Ever, Locking Up 4.1 Million Square Feet And 370 Acres In California

By Tyler Durden, Amazon just signed a lease for its largest piece of property in the U.S. ever. The company just signed a lease for an astounding 4.1 million square feet in Ontario, California, marking its largest U.S. lease to date. The deal was consummated in the first quarter of 2022, according to BisNow. A developer for […]

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California, Hawaii See Largest Share Of Homes Selling For $1 Million Or More

By Tyler Durden, One of the most dominant stories since the COVID pandemic began has been the fiercely competitive housing market. The median sales price of a home in the US climbed above $400,000, as aggressive bidding wars drove home prices higher. The current challenges of the housing market have come from a potent combination of supply- […]

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How Russia Avoids Oil Sanctions: Transfer-At-Sea To “Destination Unknown”

By Tyler Durden, Authored by Mike Shedlock via MishTalk.com, Russian oil still flows under the radar. It goes to “destination unknown”… Average daily crude exports from Tanker Tracker via WSJ Under the Radar Please consider Russian Oil Flows, but Increasingly Under the Radar. Oil exports from Russian ports bound for European Union member states, which historically […]

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Biden Unveils Another $800 Million Military Aid Package For Ukraine

By Tyler Durden, Update (1010ET): During Thursday’s speech from the Roosevelt Room, Biden has confirmed many of the details of the latest aid package for Ukraine, along with several previously unannounced measures. The money will include $500 million in additional economic aid to Ukraine, bringing the total economic aid to Ukraine to $1 billion since the […]

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A Shocked Wall Street Reacts To The Netflix Implosion

By Tyler Durden, For the second quarter in a row, Netflix stock has cratered after reporting earnings: NFLX plunged 28% – losing $42 billion in value – after the company announced that not only did its paying subs shrink for the first time since 2011 in the first quarter, but the company forecast the loss […]

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EU To Impose Full Embargo On Russian Oil Next Week, Will Send Price Above $185 According To JPMorgan

By Tyler Durden, Update (13:15 ET): What was largely a theoretical modeling exercise until moments ago, is set to go live because Reuters reports that the EU is set to declare a full embargo on Russian oil after this weekend’s French election: EU GAS PRICE TO SHOOT UP AS EU TO DECLARE EMBARGO ON RUSSIAN OIL […]

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