• Blackstone CEO Jumps On ‘The Next AI Trade’ 
    by Tyler Durden on April 16, 2024 at 7:00 pm

    Blackstone CEO Jumps On ‘The Next AI Trade’  US power grid regulators and utilities are warning about energy shortfalls. Projections for US electricity demand growth over the next five years have doubled from about one year ago, primarily because of the expected explosion of artificial intelligence data centers, federally subsidized manufacturing plants, and the government-fueled electric vehicle transition.  Source: NERC – 2022 […]

  • What If The Fed’s Hikes Are Actually Sparking US Economic Boom?
    by Tyler Durden on April 16, 2024 at 6:40 pm

    What If The Fed’s Hikes Are Actually Sparking US Economic Boom? Authored by Ye Xie via Bloomberg, As the US economy hums along month after month, minting hundreds of thousands of new jobs and confounding experts who had warned of an imminent downturn, some on Wall Street are starting to entertain a fringe economic theory. What if, they ask, all those interest-rate hikes the past two years are actually boosting the economy? In […]

  • Did UAE’s Cloud-Seeding Operation Flood Dubai?  
    by Tyler Durden on April 16, 2024 at 6:20 pm

    Did UAE’s Cloud-Seeding Operation Flood Dubai?   How it started with UAE’s cloud seeding operations:  How it’s going:  Thread of best videos I’ve been sent of the current situation in Dubai from the storm. pic.twitter.com/sK6aRL6Jdu — Charles Read (@chatwithcharles) April 16, 2024 Not so well… #VIDEO: Severe rain and flooding in #Dubai todaypic.twitter.com/9Auyq5MyDA — Saudi Gazette (@Saudi_Gazette) April 16, 2024 […]

  • King Abdullah Warns Israel He Won’t Let Jordan Become “The Theater Of A Regional War”
    by Tyler Durden on April 16, 2024 at 5:40 pm

    King Abdullah Warns Israel He Won’t Let Jordan Become “The Theater Of A Regional War” The threat of a broader Middle East-wide war looms as Israel mulls retaliation for the massive weekend Iran drone and missile attack, but so far on Tuesday regional actors are strongly signaling they want to see a return to the status quo.  Saudi Arabia has rejected reports that its military shot down some of the inbound drones and missiles […]

  • Watch Live: Markets Puke As Fed Chair Powell Admits “Lack Of Further Progress On Inflation”
    by Tyler Durden on April 16, 2024 at 5:35 pm

    Watch Live: Markets Puke As Fed Chair Powell Admits “Lack Of Further Progress On Inflation” Update (1330ET): In his most direct comments about The Fed’s expected path for rates, Chair Powell just admitted that “recent data show lack of further progress on inflation” and the market did not like it much… And 2Y yield tops 5% for first time since November… Powell added that it “will likely take longer for confidence on […]

  • Israel War Cabinet Decides On Military Response To Iran Even As Blinken Pleads ‘Not In Anyone’s Interest’
    by Tyler Durden on April 16, 2024 at 5:25 pm

    Israel War Cabinet Decides On Military Response To Iran Even As Blinken Pleads ‘Not In Anyone’s Interest’ Update(1325ET): Israel’s war cabinet has just decided on a response to Iran’s weekend attack, according to a breaking report by the country’s Kan public broadcaster. At this point it seems a matter of if not when – even as the US (and European countries) leans on Israel not to escalate. Below is the Hebrew media statement at […]

  • ‘Oral Argument Favored Defendants’ – Supreme Court Just Ended Hearing Obstruction Case Affecting J6 Defendants
    by Tyler Durden on April 16, 2024 at 5:20 pm

    ‘Oral Argument Favored Defendants’ – Supreme Court Just Ended Hearing Obstruction Case Affecting J6 Defendants Authored by Jonathan Turley, Today, the U.S. Supreme Court will take up Fischer v. United States, a case that could fundamentally change many cases of January 6th defendants, including the prosecution of former president Donald Trump. The case involves the interpretation of a federal statute prohibiting obstruction of […]

  • Border Outranks Ukraine As Moderate Voter Priority In Swing States: Poll
    by Tyler Durden on April 16, 2024 at 4:45 pm

    Border Outranks Ukraine As Moderate Voter Priority In Swing States: Poll Authored by Nathan Worcester via The Epoch Times (emphasis ours), An April survey of swing, or moderate, voters in six battleground states suggests the impacts of an open southern border is concerning them more than events in Ukraine. Federal law enforcement agents and officers keep watch as immigrants line up (R) to be transported from a makeshift camp […]

  • Brink Of Unrest? Migrants “Flood” NYC City Hall In Protest Of Losing Luxury Hotel Rooms 
    by Tyler Durden on April 16, 2024 at 4:25 pm

    Brink Of Unrest? Migrants “Flood” NYC City Hall In Protest Of Losing Luxury Hotel Rooms  New York City could be on the cusp of social unrest as hundreds of migrants have flooded the grounds of City Hall in Lower Manhattan to protest the scaling down of their luxury hotel accommodations (funded by us, the taxpayers).  The Babylon Bee’s Ashley St. Clair posted on X a disturbing photo of migrants “flooding NYC City Hall to protest […]

  • Reflation Trade Is The New Bullish Narrative
    by Tyler Durden on April 16, 2024 at 3:50 pm

    Reflation Trade Is The New Bullish Narrative Authored by Lance Roberts via RealInvestmentAdvice.com, Economic “reflation” is becoming the next bullish narrative as equity valuation increases continue to outpace earnings gains, at least according to Gold Sachs and Tony Pasquariello. “If GS is correct on the big calls, the macro backdrop is set to remain friendly: the US economy should continue to grow nicely above trend […]

  • Instead Of Introspection, NPR Suspends Veteran Journalist Who Called Out Partisan Trainwreck
    by Tyler Durden on April 16, 2024 at 3:30 pm

    Instead Of Introspection, NPR Suspends Veteran Journalist Who Called Out Partisan Trainwreck National Public Radio (NPR) has suspended veteran journalist Uri Berliner, after he penned a scathing indictment of the federally-funded network’s overt partisan bias. According to Berliner, “An open-minded spirit no longer exists within NPR, and now, predictably, we don’t have an audience that reflects America.” Berliner says that NPR […]

  • This Unhappy Global Dynamic Will Lead Markets And Market Analysis For Years To Come
    by Tyler Durden on April 16, 2024 at 3:10 pm

    This Unhappy Global Dynamic Will Lead Markets And Market Analysis For Years To Come By Michael Every of Rabobank Non Ducor, Duco Who/what leads and who/what is led? That’s the question you should be asking yourself again today – even as most in markets think what they are paid to look at leads all rather than accept that life has (changeable) hierarchies.   Yesterday saw a surprise leap in US retail sales: 0.7% m-o-m vs. 0.4% […]

  • BofA Stock Slammed As Humans Actually Read Earnings Report, Notice Soaring Charge-offs
    by Tyler Durden on April 16, 2024 at 3:05 pm

    BofA Stock Slammed As Humans Actually Read Earnings Report, Notice Soaring Charge-offs Update (1110ET): Just as we warned below, it seems the human-traders actually read the MS earnings report and saw chargeoffs soaring. Bottom line: Bank of America managed to game expectations and reported numbers which mostly came just above estimates, which is also why the stock is higher premarket. However, it is only a matter of time […]

  • House Managers To Deliver Mayorkas Impeachment Articles To Senate
    by ZeroPointNow on April 16, 2024 at 2:30 pm

    House Managers To Deliver Mayorkas Impeachment Articles To Senate Authored by Mark Tapscott via The Epoch Times (emphasis ours), U.S. Secretary of Homeland Security Alejandro Mayorkas at the U.S. Capitol, on April 10, 2024. (Samuel Corum/Getty Images) Two counts of impeachment against Secretary of Homeland Security Alejandro Mayorkas, approved on Feb. 13 by the House of Representatives, are to be formally presented to the U.S. […]

  • “Only Good For WW3”: Slovakia To Oppose Ukraine’s NATO Membership Bid
    by Tyler Durden on April 16, 2024 at 2:10 pm

    “Only Good For WW3”: Slovakia To Oppose Ukraine’s NATO Membership Bid Last October saw a significant shift in Slovakia’s trajectory related to its stance on the Ukraine war, after the populist left-wing party Smer took the most votes in the country’s national election. Its head, who ascended to his fourth term as prime minister, Robert Fico, advanced a platform of pursuing peace in Ukraine rather than continuing to pour weapons […]

  • Guardian Ludicrously Reports That Orthodox Bishop Was “Allegedly Stabbed”
    by Tyler Durden on April 16, 2024 at 1:50 pm

    Guardian Ludicrously Reports That Orthodox Bishop Was “Allegedly Stabbed” Authored by Paul Joseph Watson via Modernity.news, The left-wing Guardian newspaper reported on the brutal stabbing of Bishop Mar Mari Emmanuel in Sydney that was caught on camera by saying the victim was “allegedly stabbed.” Yes, really. Watch the video. There’s really no “allegedly” about it… Christian under attack again. Priest Mar Marry […]

  • Johnson Unveils Separate Israel, Ukraine Funding Bills That MTG Calls A “Scam”
    by Tyler Durden on April 16, 2024 at 1:30 pm

    Johnson Unveils Separate Israel, Ukraine Funding Bills That MTG Calls A “Scam” After months of pushback over packages to send US-taxpayer-funded foreign aid to Israel and Ukraine, House Speaker Mike Johnson unveiled a plan Monday evening to hold four different votes on bills which would decouple aid by country, including Taiwan. Johnson will also put forth a House-approved bill that could ban TikTok from the US, and a measure aimed […]

  • US Industrial Production Is Flat YoY In March
    by Tyler Durden on April 16, 2024 at 1:27 pm

    US Industrial Production Is Flat YoY In March US Industrial Production rose 0.4% MoM in March – as expected – which was… wait for it… the same rise as in February after that data was revised notably higher. However, even with the revision and the subsequent rise, Industrial Production remains unchanged YoY… Source: Bloomberg We can’t help but see the irony that after we highlighted the serial downward revisions in data […]

  • Futures Rebound On Strong Earnings Even As Global Market Mood Remains Dismal
    by Tyler Durden on April 16, 2024 at 1:16 pm

    Futures Rebound On Strong Earnings Even As Global Market Mood Remains Dismal S&P futures traded modestly in the green, erasing earlier losses and signaling a recovery after the S&P 500 fell more than 1% in the past two sessions, following stronger than expected earnings from index heavyweight UnitedHealth Group which soared 6% after reporting first-quarter profit that beat Wall Street’s expectations and affirmed its […]

  • These Inflation Trades Have Most Catching Up To Do
    by Tyler Durden on April 16, 2024 at 1:05 pm

    These Inflation Trades Have Most Catching Up To Do Authored by Simon White, Bloomberg macro strategist, Markets are unprepared for price growth that is becoming entrenched. But even though the risk-reward in shorting Treasuries or buying gold or Bitcoin is diminishing, we can instead pinpoint the assets that have the most potential to catch up to persistent inflation: the clothing and food equity sectors, TIPS and commodities. […]

  • Shadowy Mayorkas-Linked NGO In Mexico Tells Border Invaders To “Vote Biden”
    by Tyler Durden on April 16, 2024 at 12:45 pm

    Shadowy Mayorkas-Linked NGO In Mexico Tells Border Invaders To “Vote Biden” The Heritage Foundation’s Oversight Project posted an image on X of what they say is a flyer from a non-governmental organization operating in Mexico encouraging migrants to vote for President Biden once they arrive in the United States. “Reminder to vote for President Biden when you are in the United States. We need another four years of his term to stay […]

  • US Housing Starts Collapsed In March – Biggest Drop Since COVID Lockdowns
    by Tyler Durden on April 16, 2024 at 12:43 pm

    US Housing Starts Collapsed In March – Biggest Drop Since COVID Lockdowns The roller-coaster ride in housing permits, starts, and completions in the last few months is set to continue today… and ‘surprise’ they did. After a big (+10.7%) surge in February, Starts crashed 14.7% MoM in March (massively worse than the 2.,4% drfop expected). Building Permits also plunged (-4.3% MoM vs -0.9% exp)… For context, this is the largest MoM […]

  • House Subcommittee Finds “New Evidence” That China Fuels America’s Fentanyl Crisis
    by Tyler Durden on April 16, 2024 at 12:42 pm

    House Subcommittee Finds “New Evidence” That China Fuels America’s Fentanyl Crisis Update (0842ET): The House Select Committee on China revealed in a new report that the Chinese Communist Party uses tax rebates to subsidize the manufacturing and exporting of fentanyl chemicals.  The report said, “Through subsidies, grants, and other incentives, the PRC harms Americans while enriching PRC companies.”  “This failure — when […]

  • NSA “Just Days Away From Taking Over The Internet” Warns Ed Snowden
    by Tyler Durden on April 16, 2024 at 12:15 pm

    NSA “Just Days Away From Taking Over The Internet” Warns Ed Snowden Authored by Tom Mitchelhill via CoinTelegraph.com, The United States National Security Agency (NSA) is only days away from “taking over the internet” with a massive expansion of its surveillance powers, according to NSA whistleblower Edward Snowden. In an April 16 post to X, Snowden drew attention to a thread originally posted by Elizabeth Goitein — the […]

  • Morgan Stanley Shares Rebound On Strong Revenues
    by Tyler Durden on April 16, 2024 at 12:04 pm

    Morgan Stanley Shares Rebound On Strong Revenues Morgan Stanley shares are quickly recovering from last week’s mauling (after WSJ reported regulatory probes of how the bank handles wealth management clients “who are at risk of laundering money”), this morning after reporting Q1 wealth management and equities trading revenue that beat expectations. Net revenue $15.14 billion, estimate $14.46 billion (Bloomberg Consensus) Wealth […]

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  • Exchanges expected to run out of Bitcoin 9 months after halving – Bybit report
    by Assad Jafri on April 16, 2024 at 6:51 pm

    A recent analysis by crypto exchange Bybit has sounded the alarm on a potential shortage of Bitcoin (BTC) on exchanges by the end of 2024 if demand remains at similar levels. The report predicts that reserves could be entirely depleted within the next nine months if current withdrawal rates persist — currently around 7000 BTC The post Exchanges expected to run out of Bitcoin 9 months after halving – Bybit report appeared first on […]

  • Binance.US appoints ex-New York Fed chief as board director to boost compliance efforts
    by Oluwapelumi Adejumo on April 16, 2024 at 6:15 pm

    Embattled crypto platform Binance.US told CryptoSlate it appointed Martin C. Grant, a former New York Federal Reserve Bank Compliance Chief, to its Board to improve compliance efforts and restore users’ trust in its services. The crypto trading platform has faced extensive regulatory scrutiny due to its ties with the global Binance exchange, which entered into The post Binance.US appoints ex-New York Fed chief as board director to boost […]

  • Fetch.ai, SingularityNET, and Ocean Protocol’s planned $7.5 billion ASI token to launch in May
    by Oluwapelumi Adejumo on April 16, 2024 at 5:23 pm

    The Artificial Superintelligence Alliance (ASI), comprising Fetch.ai (FET), SingluarityNET (AGIX), and Ocean Protocol (OCEAN), said the highly anticipated ASI token will be launched in May. In an April 16 statement, the Alliance stated that the ASI token would merge the native digital assets of the three decentralized artificial intelligence protocols and rank among the top 20 cryptocurrencies, The post Fetch.ai, SingularityNET, and Ocean […]

  • New legislation in Arkansas singles out Bitcoin miners introducing targeted state fee
    by Oluwapelumi Adejumo on April 16, 2024 at 2:59 pm

    The Arkansas Senate has greenlit a resolution introducing legislation to impose fees on crypto miners for excessive energy consumption, Arkansas Times reported on April 15. The proposed legislation introduces a tiered fee structure to the emerging industry. Miners consuming 1 MW to 2.49 MW of energy would face a fee of $25,000. For energy usage The post New legislation in Arkansas singles out Bitcoin miners introducing targeted state fee […]

  • Polkadot eyes $8.8 million sponsorship deal with Lionel Messi’s Inter Miami
    by Oluwapelumi Adejumo on April 16, 2024 at 1:45 pm

    The Polkadot community is exploring a substantial $8.8 million sponsorship opportunity with Lionel Messi’s Inter Miami Football Club. This move aims to capitalize on the football club’s extensive global reach and exposure while strategically showcasing the capabilities of the Polkadot ecosystem. Moreover, it represents the latest strategic effort by the Polkadot community toward elevating the The post Polkadot eyes $8.8 million sponsorship […]

  • Bitcoin’s April plunge: On track for worst month since August down 11%
    by James Van Straten on April 16, 2024 at 1:00 pm

    Quick Take Data from Coinglass shows that Bitcoin is currently facing a challenging month, as it experiences a significant drawdown of over 11.2% in April. So far, this marks the worst-performing month for Bitcoin since August 2023, when it saw a similar drawdown of approximately 11.3%. To find a more severe monthly decline, one would The post Bitcoin’s April plunge: On track for worst month since August down 11% appeared first on CryptoSlate.

  • Ethereum falls to lowest level against Bitcoin in 3 years amid panic selling
    by Liam ‘Akiba’ Wright on April 16, 2024 at 12:38 pm

    Ethereum fell against Bitcoin to its lowest point in three years amid the carnage that followed Bitcoin’s fall from $70,000 over the weekend. The ETH-BTC chart reached as low as 0.0462 BTC on Saturday, April 13, down 24% from the year-to-date high of 0.085 BTC. Ethereum’s all-time high against Bitcoin came in 2017 when it The post Ethereum falls to lowest level against Bitcoin in 3 years amid panic selling appeared first on CryptoSlate.

  • OKX launches ETH layer-2 network X Layer following Coinbase’s Base success
    by Oluwapelumi Adejumo on April 16, 2024 at 10:48 am

    Crypto exchange OKX finally opened its  Ethereum layer-2 network X Layer mainnet to the general public on April 15. The scaling solution’s testnet was launched in November 2023 to much acclaim and was built with Polygon’s Chain Development Kit (CDK). This toolkit empowers developers to construct their chains using zero-knowledge technology. OKX Chief Marketing Officer Haider Rafique The post OKX launches ETH layer-2 network X Layer […]

  • Short-term holders spark Bitcoin sell-off: Over $2 billion shed at loss to exchanges
    by James Van Straten on April 16, 2024 at 10:02 am

    Quick Take Bitcoin has experienced a notable downturn in recent days. It is currently trading around $63,000, approximately 15% below its all-time high. The past five days have seen a 10% decline, causing concern among investors. Various factors, such as the US Consumer Price Index (CPI) surpassing expectations and escalating geopolitical tensions in the Middle The post Short-term holders spark Bitcoin sell-off: Over $2 billion shed at loss to […]

  • BlackRock continued inflows narrow gap: just 37,781 BTC separate IBIT from GBTC
    by James Van Straten on April 16, 2024 at 8:27 am

    Quick Take Farside data indicates that Bitcoin (BTC) Exchange-Traded Funds (ETFs) experienced an outflow of $36.7 million on April 15. Notably, Grayscale GBTC recorded an outflow of $110.1 million, contributing to their total net outflow reaching $16,382.2 billion. Conversely, BlackRock IBIT attracted $73.4 million in inflows, bolstering its net inflow to $15,329.0 billion. Fidelity recorded The post BlackRock continued inflows narrow gap: just […]