India Scoops Up Cheapest Russian Oil Since Start Of Ukraine War
India Scoops Up Cheapest Russian Oil Since Start Of Ukraine War Authored by Charles Kennedy via OilPrice.com, India’s crude oil imports from Russia in June were the cheapest since the Russian invasion of Ukraine, during which time the world’s third-largest oil importer became a key Russian oil customer alongside China. The average cost of a […]
Do The Actor And Writer Strikes Actually Help Woke Hollywood Cover Up Its Failures?
Do The Actor And Writer Strikes Actually Help Woke Hollywood Cover Up Its Failures? Hollywood is in deep trouble, but not for the reasons we are hearing from entertainment journalists. With WGA and SAG strikes now underway production in Tinsel Town has all but disappeared. Talk among insiders is that the strikes could very well […]
Icahn Enterprises Shares Soar 15% On Amended Loan Agreement
Icahn Enterprises Shares Soar 15% On Amended Loan Agreement Shares of Icahn Enterprises were up more than 15% in early trading on Monday after the Wall Street Journal reported that the billionaire corporate raider was getting “breathing room” from his lenders at a time when shares of his flagship IEP have been under scrutiny. Icahn […]
Bankruptcy Filings Show Credit Slipping Despite What Spreads Say
Bankruptcy Filings Show Credit Slipping Despite What Spreads Say Authored by Simon White, Bloomberg macro strategist, A rise in bankruptcy filings points to increasing bankruptcies, loan charge-off rates and delinquencies, suggesting credit spreads are not reflective of the underlying credit backdrop. A chart of bankruptcy filings (using weekly data from Bloomberg’s BCY function) and credit […]
Existing Home Sales Unexpectedly Rose In May As Prices Tumble Most Since 2011
Existing Home Sales Unexpectedly Rose In May As Prices Tumble Most Since 2011 Existing home sales unexpectedly rose in May (+0.2% MoM vs -0.7% MoM) with a small upward revision for April’s tumble (from -3.4% MoM to -3.2%). That is only the second positive month for existing home sales since Jan ’22… Source: Bloomberg Total […]
US Air Force Abandons Lockheed Hypersonic Weapon Program After Test Failure
US Air Force Abandons Lockheed Hypersonic Weapon Program After Test Failure The US Air Force has announced plans to end the Lockheed Martin hypersonic weapons program. Air Force Assistant Secretary for Acquisition Andrew Hunter confirmed the major development in testimony given to a House Armed Services subcommittee on Wednesday. He said the Air Force doesn’t “currently […]
‘I Need To Make Money’ – Barney Frank Defends Signature Bank Board Role
‘I Need To Make Money’ – Barney Frank Defends Signature Bank Board Role Defending his role on the board of the failed Signature Bank, former Massachusetts Rep. Barney Frank has told Financial Times, “I need to make some money.” The man whose namesake Dodd-Frank Act piled regulations on banks in the wake of the 2008 financial crisis […]
Russia Mocks Western Banking Crisis, Says Aggressive Sanctions Have Provided Insulation
Russia Mocks Western Banking Crisis, Says Aggressive Sanctions Have Provided Insulation The Kremlin is very smug right now over the western banking crisis, claiming that aggressive Western sanctions have largely insulated the country from its effects. “Our banking system has certain connections with some segments of the international financial system, but it is mostly under […]
Goldman Hikes 3 Month S&P Target By 400 Points To 4,000 As Chief Economist Slashes Recession Odds
Goldman Hikes 3 Month S&P Target By 400 Points To 4,000 As Chief Economist Slashes Recession Odds There was a glaring contradiction within Goldman’s Research group (unlike its FICC traders, who tend to have a much better and cohesive grasp of recent market developments. and whose predictions are far more accurate): on one hand, the […]
Watch: US, Israel Conclude Largest-Ever Joint Military Exercise Aimed At Iran
Watch: US, Israel Conclude Largest-Ever Joint Military Exercise Aimed At Iran Authored by Dave DeCamp via AntiWar.com, The US and Israel on Thursday announced the conclusion of their largest-ever joint military exercises, known as Juniper Oak 23. The drills were launched Monday and involved over 140 aircraft and nearly 8,000 troops from both militaries. The massive show […]
12 Events To Watch For In 2023
12 Events To Watch For In 2023 Authored by Michael Wilkerson via The Epoch Times, The year 2022 was one of surprises: Russia’s invasion of Ukraine, persistent inflation fueled by energy costs, the collapse of FTX and crypto markets, the revelations of the so-called Twitter Files, and one of the worst equity markets in recent history, to […]
Judge Keeps Oregon’s Strict Gun Control Measure On Ice
Judge Keeps Oregon’s Strict Gun Control Measure On Ice Authored by Scottie Barnes via The Epoch Times (emphasis ours), An Oregon gun-control measure that many predict will wind up in the U.S. Supreme Court remains in limbo. Guns are on display at a shop in Roseburg, Ore., on Oct. 2, 2015. (Cengiz Yar Jr./AFP via […]
Texas National Guard ‘Border Force’ Blocking Illegal Crossings
Texas National Guard ‘Border Force’ Blocking Illegal Crossings Authored by Tom Ozimek via The Epoch Times, Texas National Guard troops deployed to El Paso have constructed a razor-wire barrier along the Rio Grande and have been blocking people from making unauthorized crossings into the United States amid a migrant surge and legal back-and-forth about ending Title 42, a Trump-era […]