Behind Turkey’s Gold Sales: The Biggest Ever Plunge in Foreign Reserves
(Zero Hedge)—Shortly after the Iran war started, with gold unexpectedly tumbling, we showed that the reason behind gold's paradoxical move -...
Japanese Company Simplifies Ketchup Packaging Amid Ink Shortage Tied to Middle East Conflict
(Zero Hedge)—Kagome is revamping the packaging of several ketchup products after supply disruptions made white printing ink harder to source,...
Beijing Has Already Wimped Out Less Than a Week After Trying to Look Tough by Ignoring U.S. Sanctions
(ZeroHedge)—Over the weekend, we reported that in what some called a "watershed moment", Beijing ordered Chinese companies not to comply...
Global Inflation Scare: Chinese Exporters Hike Prices as Iran War Triggers Ethane Shortage, Plastics Crunch
(Zero Hedge)—Chinese exporters are finally passing on the pain - right as they're experiencing a major shortage of a key...
Treasury Rushes to Access Anthropic ‘Mythos’ AI After Warning It Can Hack “Every Major Operating System”
(Zero Hedge)—The US Treasury Department’s technology team is actively seeking access to Anthropic PBC’s highly restricted Mythos AI model so...
ADP Employment Reports Shows Better Than Expected Job Gains, Accelerating Wages
(Zero Hedge)—Hiring and pay gains both held steady in March. The ADP National Employment report printed a better than expected +62k...
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
(Zero Hedge)—In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and...
Coincidence? Oil Jumps After Explosion and Massive Fire at One of the Largest US Oil Refineries
(Zero Hedge)—An explosion and large plumes of smoke at the Valero refinery in Port Arthur prompted officials to order west-side...
Moody’s Cuts New York City’s Rating Outlook Despite Mamdani Protests
The only surprise is that the move came so late. With New York City facing a historic fiscal crisis courtesy...
Trump Team Brokers Gold Deal With Venezuela: Up to 1,000 KG Headed to U.S. Markets
(Zero Hedge)—As things continue to pop off in the Middle East, the United States is still focused on Venezuela -...