SoftBank’s Vision Funds Report $27 Billion Loss

SoftBank’s Vision Funds Report $27 Billion Loss

SoftBank’s two Vision Funds have posted historic investment losses of ¥3.5 trillion ($27.5 billion) over the 12 months to March 31 as the funds’ biggest holdings were pummeled by rising interest rates and Beijing’s crackdown on the tech sector. These...
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Some inadequate rescue plan for Terra crypto

Some inadequate rescue plan for Terra crypto

Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’. The Terra crypto Twitter account shared some points of Do Kwon’s initial rescue plan: expanding the base pool, burning UST and staking LUNA. The Terra rescue story...
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Tesla’s April Sales In China Implode, Fall 98% Sequentially,

Tesla’s April Sales In China Implode, Fall 98% Sequentially,

TSLA’s market share in China’s domestic EV market has been on a steady decline since peaking at 16.8% in 1Q20 (it came in at 10.2% in 1Q22, down -660bps from the peak). Stated differently, it is our opinion for TSLA...
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90% Of Nations Are Planning CBDCs

90% Of Nations Are Planning CBDCs

Digital currency is code for money the government can track and either withhold or augment depending on if the holder has acted in accordance with the government’s desires. A new report from the Bank of International Settlements estimates that up to 90%...
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China Has ‘Financial Nuclear Bombs’

China Has ‘Financial Nuclear Bombs’

China Has ‘Financial Nuclear Bombs’ If West Levies Russia-Style Sanctions, Beijing Warns Multiple analysts at Chinese state-linked think tanks and banks have weighed in on the Biden administration’s recent threats to punish the world’s ...
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Exxon Triples Buyback To $30 Billion As Energy Giant Swim In Free Cash Flow

Exxon Triples Buyback To $30 Billion As Energy Giant Swim In Free Cash Flow

The best performing market sector of 2022 by a giant margin: energy. XOM remains the largest refiner of all the global integrateds and looks set to benefit the most from the recent run in refining margins. This morning, the two...
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Fidelity To Allow Bitcoin Investments In Retirement Plans

Fidelity To Allow Bitcoin Investments In Retirement Plans

“We fully expect that cryptocurrency is going to shape the way future generations think about investing for the near term and long term.” Investment giant Fidelity will reportedly enable its 23,000 business clients to offer Bitcoin accounts for their wor...
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FBI Warns of Targeted Cyber Attacks On Food Plants

FBI Warns of Targeted Cyber Attacks On Food Plants

FBI warns of targeted cyber attacks on food plants after mysterious rash of fires. “A significant disruption of grain production…”  The FBI’s Cyber Division published a notice this past week warning about increased cyber-attack thr...
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Oil From Emergency SPR Release Is Heading For Europe

Oil From Emergency SPR Release Is Heading For Europe

Joe Biden’s decision to release 180 million barrels of oil from the US Strategic Petroleum Reserve was meant to help lower US gasoline prices “because Putin price hike.” Instead, it is heading for Europe. According to Bloomberg, citing a pers...
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Latest Climate-Policy Capitulation

Latest Climate-Policy Capitulation

Biden Opens More Public Land To Oil & Gas Drilling In Latest Climate-Policy Capitulation Following a punishing surge in natural gas prices this past week (in defiance of cooling demand for heat as the spring arrives, and despite China’s ongoing...
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U.S. sending Switchblade “Kamikadze” drones to Ukraine

U.S. sending Switchblade “Kamikadze” drones to Ukraine

Ukrainian forces will be armed with Switchblade “kamikaze” loitering drones that target enemy positions from 25 miles away as part of an $800 million US defence aid package. The American-made Switchblade devices are launched like mortar shells and glide th...
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NLAW, Javelin, Starstreak: 2,000 pieces of weaponry sent to Ukraine

NLAW, Javelin, Starstreak: 2,000 pieces of weaponry sent to Ukraine

Western countries have sent more than 200,000 pieces of weaponry to Ukraine. From anti-tank missiles to rifles and ammunition, thousands of pieces of equipment have been pledged and sent to help Ukraine in its fight against Russian forces. The UK...
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Warren Buffett accumulated another $1 billion in Occidental shares

Warren Buffett accumulated another $1 billion in Occidental shares

In total, Berkshire now reports owning 136.4 million common shares of the oil giant, currently valued at $7.2 billion. That represents more than 13% of OXY’s outstanding shares. Berkshire also holds warrants to buy nearly 84 million more shares at...
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Presence of US, Turkish forces in Syria violates international law

Presence of US, Turkish forces in Syria violates international law

Syria’s Foreign Minister Faisal Mikdad has stressed that the presence of US and Turkish forces in the Arab country constitutes a violation of international law. During his meeting with the United Nations special envoy for Syria, Geir Pedersen, in Damascus...
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Former US Rep: China’s Digital Currency Is A Surveillance Tool

Former US Rep: China’s Digital Currency Is A Surveillance Tool

Beijing’s new digital currency is a tool that could prop up authoritarian regimes around the world, including China, and the Chinese paperless money could also undermine U.S. leadership in finance, warned a global finance professional. “This is a surveilla...
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