By Tyler Durden, Update (1420ET): Reports that the Omicron variant has arrived in the US sent stocks and bond yields legging further down… The Dow and Nasdaq just joined Small Caps in the red for the day… And 30Y Yields are down 8bps from their intraday highs, back at yesterday’s lows… That is the lowest […]

By Tyler Durden, After Janet Yellen warned markets a month and a half ago that the US could run out of cash as soon as December 15, analysts did some math and found that this warning seems to be a “conservative estimate” with Goldman estimating that the Treasury can probably maintain at least a $50BN cash balance — the […]

By Tyler Durden, And just like that, it was gone… Nasdaq has roared back from its Omicron-triggered losses after President Biden said – despite some fearmongering over the need for vaccines (“cause for concern but not for panic”) for the “omNicron” variant (that he just could not say correctly) – “…US won’t need shutdowns, lockdowns this […]

By Tyler Durden,   Once again, markets are quietly pricing in less than smooth resolutions to the outstanding fiscal and debt ceiling questions facing Washington in the all-too-imminent future. Treasury Secretary Janet Yellen said last week that the US can only continue to pay its bills until December 15, and that has renewed anxiety in the […]

By Tyler Durden, Tesla is officially giving up on $1.3 billion in German subsidies it had hoped for, officially withdrawing an application for state-sponsored funding, according to Yahoo News. The subsidies were supposed to be for the EV manufacturer’s new battery-cell plant it is setting up, Tagesspiegel newspaper reported. The plant is being set up in […]

By ERHAN KAHRAMAN, The sports industry should heed the warning signs as they adopt emerging blockchain technologies such as NFTs, experts warn. The sports industry took a hard hit from the coronavirus pandemic. Most leagues got suspended, and then teams played without the audience for an extended period. Sports clubs started to seek out new […]

By Yashu Gola, The meme cryptocurrency is hinting at undergoing a price rebound as it paints a classic bullish continuation setup. Meme-cryptocurrency Shiba Inu (SHIB) has lost more than 50% of its market valuation in three weeks since its all-time highs in late October. SHIB’s price dropped to as low as $0.00004251 on Nov. 19 after […]

By Tyler Durden, After three years on top, JPMorgan – the largest US bank by assets and market cap – was dethroned in November 2020 from its position as the world’s most systematically important bank. As a reminder, while some might see CEO Jamie Dimon ‘flexing’ over Elon Musk (and others), being the most systemically-important bank is more […]

By Tyler Durden, It appears the recent surge in rates has finally ‘triggered’ the central bankers into action. First one out of the gate is ECB President Christine Lagarde, who said at a EU Parliament event ths morning that The ECB is closely monitoring nominal bond yields to judge whether financing conditions in the euro area […]

By Tyler Durden, China’s Ministry of Finance has officially asked Deloitte to conduct an internal investigation after a Beijing employee anonymously went whistleblower and alleged auditing violations, according to China Daily. An employee sent out a 55 page PowerPoint deck to every employee’s email alleging auditing violations in China “citing incidences involving New York-listed companies”. “The […]