Buffet Hammers Officials Who Ran Failed Banks
On Saturday, Bloomberg reported that Warren Buffet, the billionaire head of Berkshire Hathaway, has hammered the officials in charge of failed US lenders, demanding they be held accountable for the…
IMF Boss Continues To Warn Of Economic Fragmentation
The world is at the cusp of geo-economic fragmentation, according the the managing director of the International Monetary Fund (IMF), and she is warning this could pour more “cold water”…
UN Warns Global Food Prices Rising Again
On Friday, the United Nations’ Food and Agriculture Organization (FAO) reported that in April, global food prices grew for the first time in a year. The FAO’s food price index,…
Pakistan To Pay For Russian Petroleum Products In Yuan
On Saturday, Pakistani media reported that the country is likely to use Chinese yuan to pay for future shipments of Russian crude, according to government sources. It is expected that…
Binance Resumes Withdrawals After Blockchain Congestions Causes A Halt
After enacting two halts on Bitcoin withdrawals in under 12 hours, Binance has restarted withdrawals, citing congestion on the bitcoin blockchain. The company noted pending transactions would have higher fees…
New Study: Half Of US Banks, Over 2,000, Are Insolvent
Nearly half of the 4,800 banks in the United States have burned through their capital buffers, and are now nearly insolvent, according to a new report in the Telegraph, which…
IEA Warns Natural Gas Supplies To Remain Tight In 2023
A new International Energy Agency (IEA) report out Thursday says that amid a wide range of uncertainties, the global supply of natural gas this year is likely to remain tight,…
Gold Reaching All-Time Highs On Fears Over Banks, And Recessions.
As investors grow increasingly concerned about the deepening US financial crisis and the possibility of a global recession in the near future, the price of gold has been cruising to…
IBM To Cut 8,000 Positions, Replacing Them With Artificial Intelligence
Arvind Krishna, the CEO of IBM, has announced that not only will his company put a hiring pause into effect, but that it also intends to replace nearly 8,000 positions…
Gallup Polling Finds 50% Worry About The Safety Of Their Bank Deposits
A new Gallup poll published Thursday shows that almost half (48%) of American citizens worry about the safety of their bank deposits. Coming a month after the collapse of tech-startup…
