The United States Securities and Exchange Commission (SEC) chief Gary Gensler is set to testify before the House Financial Services Committee for the first time. In an interview, Representative Patrick McHenry, chairman of the Financial Services Committee, confirmed that the SEC…
Bulgaria Refuses To Send Weapons To Ukraine, Joins Hungary & Austria’s Neutral Stance
After Austria and Hungary, Bulgaria has also joined the minority group of European Union countries that refuse to send weapons to Ukraine, news and opinion portal Mandiner reports. Bulgaria has declared that it will not take part in the EU’s joint…
Counterproductive sanctions united world against US
Western-imposed sanctions have proved to be self-defeating as they have forced targeted countries to join forces against the United States and promoted economic independence among them, according to a political analyst. John Bosnitch, a Belgrade-based journalist and activist, stated that…
Bank Run Drains $550 Billion In Deposits In One Week
It seems that QT Is Essentially Over. The Fed Since 2020: 1. Mar 2020: Inflation won’t be a problem 2. Jan 2021: Inflation is “transitory” 3. Sept 2021: Interest rates won’t rise until 2024 4. Jan 2022: Recession is needed…
Slovakia Will Send Entire Fleet of MiG-29 Fighter Jets to Ukraine
Slovakia’s government has approved a plan to give Ukraine its fleet of 13 Soviet-era MiG-29 fighter jets. Slovakia’s government on Friday approved a plan to give Ukraine its fleet of 13 Soviet-era MiG-29 fighter jets, becoming the second NATO member country to…
Massive Downward Reductions In US Shale Oil Output
EIA issued the March DPR: A massive downward reductions in US shale oil output. In the March report, shale oil output from the key plays is reduced by 443,000 bpd for January and 250,000 bpd for February. If we go…
Rumour: Hypersonic Missile Kinzhal Destroyed NATO’s Deep Underground Command Bunker in Kiev
Note: This is a rumour, unconfirmed by thousands of other media outlets. The Greek portal of political and military information Pronews, citing American sources: A Russian hypersonic missile “Kinzhal” struck at a joint Ukrainian-NATO command and communications center. According to…
Moody’s Downgrades Entire U.S. Banking System
Late Monday, the credit rating agency, Moody’s, downgraded the entire U.S. banking system outlook to negative from stable. This important message was widely suppressed, as if on orders from agents in command. Ttao’s reaction from Moody’s suggests that Moody’s has…
Banks Plunge, Futures Tumble As Analysts Realizes Latest Bailout Is Insufficient
Goldman Sachs calling a pause in the Fed’s hiking cycle, 2Y yields have plummeted a staggering 50bps, suffering the biggest 2-day drop since Black Monday in October 1987. Most US banking stocks cede early gains to trade around flat or…
USDC Depegs From $1
U.S.-based casual stablecoin USDC issuer Circle held a part of its USDC stablecoin’s cash reserves at Silicon Valley Bank as of Jan. 17, according to the firm’s latest attestation. USDC is the second-largest stablecoin on the market, with a $43 billion circulating supply…
Iran and Saudi Arabia agree to resume relations
Iran and Saudi Arabia have reached an agreement in the Chinese capital of Beijing to restore their diplomatic relations and re-open embassies and missions, seven years after their ties were broken off over several issues. The agreement was struck on Friday…
Meta is building a decentralized text focused app
The social networking giant is reportedly in the early stages of developing an app codenamed P92 that would let users post text-based updates, and it’s going to support Mastodon’s social networking protocol called ActivityPub. Meta confirmed that a decentralized social…
Pentagon seeks $300 billion to replenish depleted munitions sent to Ukraine
The US Department of Defense has planned to seek a huge budget to replenish the arms and munitions the Pentagon sent to Ukraine, where Moscow says it’s fighting a proxy war against Russia. The Pentagon seeks more than $300 billion…
Commodity Traders Record $115 Billion In 2022 Profit
According to a new report from Oliver Wyman, commodity traders saw record gross margins of about $115 billion last year. According to the report, industry gross profit margins have roughly tripled from $36 billion in 2018, with those of independent…
UN Secretary-General Guterres : Palestinians are ‘living in hell’ under prolonged Israeli occupation
Secretary-General of the United Nations Antonio Guterres says Palestinians are suffering and “living in hell” under the prolonged occupation of the Israeli regime, as tensions are high in the occupied West Bank after Israeli settlers set dozens of Palestinian homes and cars…