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Home2023March

Month: March 2023

Finance

“Like A Scooby-Doo Ghost Town”: Banks Yank Junk Loan Deals As Demand Craters

March 21, 2023 Mariel Alumit

The equity market may be enjoying an deeply oversold bounce (at least until the next bank crisis crushes sentiment again), but the same can not be said for the primary debt market – especially for […]

Operations Inside An Amazon Facility On Prime Day
Finance

Global Layoffs Extend Far Beyond Big Tech – Amazon takes the top spot, and energy only looses 3,700

March 21, 2023 Mariel Alumit

Massive cuts at tech giants like Meta and Microsoft dominate headlines, but don’t tell the whole story. The collapse of Silicon Valley Bank has sent shockwaves through an economy already shaken by mass layoffs and […]

Chris
Political

Chris Rock Tells Crowd “Arresting Trump Will Make Him More Popular Than Ever”

March 21, 2023 Mariel Alumit

Authored by Steve Watson via Summit News, Comedian Chris Rock made a salient point during a performance at an event in Washington DC, commenting that arresting Donald Trump is only going to end up with […]

Energy Tech

Samsung Heavy partners with Kongsberg for next-gen autonomous LNG carrier

March 21, 2023 Mariel Alumit

Home Clean fuel Samsung Heavy partners with Kongsberg for next-gen autonomous LNG carrier South Korean shipbuilder Samsung Heavy Industries (SHI) and Norwegian maritime technology group Kongsberg Maritime (KM) have signed an agreement for the development […]

Crude Oil News

Oil rises for second day as banking fears ease for now

March 21, 2023 Mariel Alumit

​ Brent, U.S. crude hit lowest in 15 months on Monday U.S. Fed begins two-day meeting on Tuesday Oil drop is speculative, not based on fundamentals – Andurand U.S. crude, product stocks expected to drop […]

Biofuels

Huge Phillips 66 biofuels project will test the industry’s green promises

March 21, 2023 Mariel Alumit

​ RODEO, California, March 21 (Reuters) – In the oldest refining town in the American West, Phillips 66 (PSX.N) is promising a greener future as it moves to halt crude-oil processing and build a massive renewable […]

U.S
Financial Crisis

Report: Nearly Half of ‘Climate Change’ Companies in U.S. Banked with Failed SVB

March 21, 2023 Mariel Alumit

Half of the companies in the U.S. devoted to climate change and biotech banked with the now-failed Silicon Valley Bank (SVB), leaving many of those companies looking for financial backers willing to take on the […]

Spiral
Finance

Bank Runs: When Banks Get Caught in a Spiral of Fear

March 21, 2023 Mariel Alumit

The collapse of Silicon Valley Bank (SVB) and the wider crisis that ensued has once again made clear that banking is a confidence game. Once that confidence is rattled and customers lose faith in a bank or the entire […]

Greta
Climate Crisis

Yes, Leftism Is a Religion: University Gives Greta Thunberg an Honorary Doctorate in Theology

March 21, 2023 Mariel Alumit

For the Left, it works both ways. Last year, woke students at Duke Divinity School proclaimed that “God is queer,” and for Leftists, the reverse is also true: “queerness,” along with the rest of the Left’s agenda, […]

BlackRock
ESG

BlackRock CEO Lies to Investors, Says Oil & Gas Now OK

March 21, 2023 Mariel Alumit

BlackRock, the largest investment bank in the world with some $10 trillion in assets under management, is hurting. BlackRock CEO Larry Fink insists that public companies adopt ESG (environment, social, governance) policies that include reducing […]

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