Aggregated from 40+ premium financial sources. Click any article to read and translate on Stonkistan.
Volkswagen AG is broadening its battery ambitions beyond electric vehicles into large-scale energy storage and trading as global EV demand falls short of expectations.
Fears that AI advances will upend the software industry have driven demand for new ways to place wagers
Kate Moore, CIO at Citi Wealth, says the resilience in equity markets amid the war with Iran is coming from the US large cap space. (Source: Bloomberg)
Group of Seven finance ministers said they were ready to take any steps needed to support global energy supply, including releasing strategic oil reserves.
Bloomberg Opinion Columnist Javier Blas says using the East-West oil pipeline that runs across the Arabian Peninsula, and another pipeline owned by the United Arab Emirates, can help get oil to market by avoiding the Strait of Hormuz. He says doing so, could help slow down rising oil and gasoline prices. He speaks on Bloomberg Open Interest. (Source: Bloomberg)
The Swiss National Bank is very likely to be intervening in currency markets to curb the franc’s strength, according to Karsten Junius, chief economist at Bank J Safra Sarasin.
AMC Entertainment Holdings Inc. turned to an existing creditor to refinance debt after turbulence in public markets derailed a planned bond and loan sale — though the deal includes incentives to bring it back to investors before long.
European Union Economy Commissioner Valdis Dombrovskis said euro-area finance chiefs will talk about a possible joint release of oil reserves after crude smashed through $100 a barrel.
French President Emmanuel Macron seeks to launch a joint maritime mission to escort container ships in an effort to reopen the Strait of Hormuz once the initial phase of the war has calmed down.
Treasury yields are climbing as war fears rattle markets and push rate-cut hopes further out. David Dindi, CEO of Atomic Invest, says a shutdown of the Strait of Hormuz could keep inflation elevated if the conflict drags on longer than investors expect, impacting oil prices and the Fed’s path forward. (Source: Bloomberg)
Everything from groceries to gas is set to get more expensive as oil climbs above $100 a barrel. Jake DeWitte and Amir Vexler, the CEOs of Oklo and Centrus Energy respectively join Bloomberg Open Interest to talk about how next-generation nuclear energy can help the US achieve energy independence. (Source: Bloomberg)
Many top Wall Street banks are allowing staff in the United Arab Emirates to temporarily leave the country and work remotely as attacks on the Gulf nation continue.
Finance ministers pledge ‘necessary measures’ to tackle surging crude prices with deal expected as soon as Tuesday
Wall Street war of words escalates as heads of US investment bank hit out at Arizona-based lender
Michael Saylor’s Strategy Inc. accelerated its Bitcoin buying with a nearly $1.3 billion purchase — the biggest in seven weeks — leaning again on its common stock despite earlier pledges to pivot to perpetual preferred shares.
Senior energy traders Toby Sheppard and Max Iakovlev have left Balyasny Asset Management LP, according to people familiar with the moves.
Iran’s new supreme leader has been shaped by decades-long ties with the powerful and hardline Revolutionary Guards
Algorithmic traders, the speculators known for riding trends and accelerating price momentum, have maxed out on bullish US oil bets for the first time in more than four years — a move that’s likely to add more volatility to a market being rocked by the war in Iran.
Chicago is set to test the municipal bond market as war in the Middle East upends global markets.
Russia’s President Vladimir Putin urged nation’s oil and gas producers to take advantage of sky-rocketing commodities prices to reduce their debt, because the spike will be temporary.
Italian Finance Minister Giancarlo Giorgetti cautioned against the temptation to hike interest rates in response to fallout from the conflict in the Middle East.
Start-up accuses Trump administration of ‘seeking to destroy’ its economic value in dispute over military use of AI
Justice department alleged company illegally dominates market and uses ‘exclusionary conduct’ to control venues
A company backed by US energy magnate Harry Sargeant III has moved to export Venezuelan crude to Asia as US sanctions ease, with oil prices soaring to near $100 a barrel amid escalating turmoil in the Middle East.
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