Markets

W&T Offshore: A Solid Buy For Energy Exposure

Summary WTI has a lot of room to move up, given the recent demand for Oil. Consumers are shifting to purchase from the US and US companies. The Market Cap of WTI is less than 1 Billion USD, making this a steal. W&T Offshore (NYSE:WTI) is not well known like the larger Oil companies, and […]

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Disney power broker is part of a ‘cabal’ pulling the strings in Anaheim, FBI records show

Disney power broker is part of a ‘cabal’ pulling the strings in Anaheim, FBI records show latimes.com/california/story/2022-05-24/disney-power-broker-anaheim-cabal-fbi-records-shows Adam Elmahrek, Nathan Fenno, Gabriel San RománMay 24, 2022 4:46 PM PT Sleeping Beauty’s Castle in Disneyland Resort in Anaheim. (Jay L. Clendenin/Los Angeles Times) By Adam Elmahrek,  For Subscribers An FBI affidavit made public last week identified an employee of […]

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“I Have Given Everything I Could”: Melvin Capital Calls It A Day, Will Wind Down Fund After Gigantic Losses | ZeroHedge

From: zerohedge “I Have Given Everything I Could”: Melvin Capital Calls It A Day, Will Wind Down Fund After Gigantic Losses | ZeroHedge Having suffered historic loss after historic loss, and dropping 23% through the end of April after plunging 39% in a catastrophic, for the hedge fund 2021, Melvin Capital went for the Hail […]

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$50 Million Of Cocaine Found At Nespresso Factory | ZeroHedge

From: zerohedge $50 Million Of Cocaine Found At Nespresso Factory | ZeroHedge Employees at a Swiss Nespresso factory were shocked after discovering about a half-ton of cocaine in a shipment of coffee beans delivered to the plant from Brazil.  According to AFP, workers at the Nespresso plant in Romont, in western Switzerland, notified authorities on Monday after […]

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White House Has Not Studied How Forgiving Student Loans May Impact Inflation: Psaki

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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$2 Billion Hedge Fund Loses Nearly Half After Carvana Plummets 75% In 2022

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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New COVID Bill Fines Parents For Unvaxxed Kids And Doubles Income Taxes

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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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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