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Oil
Crude Oil News

Alaska’s Willow Oil Project is Controversial. Here’s Why

March 13, 2023 Mariel Alumit

JUNEAU, Alaska (AP) — The Biden administration is approving a major oil project on Alaska’s petroleum-rich North Slope that supporters say represents an economic lifeline for Indigenous communities in the region but environmentalists say is […]

Gold
Finance

Gold price surges as SVB fiasco propels investors to safe havens

March 13, 2023 Mariel Alumit

​ Gold prices surged on Monday as the metal’s safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank, with the crisis also sparking hopes the US Federal Reserve would have to […]

Aljazeera International

US guarantees Silicon Valley Bank deposits amid bank crisis fears

March 13, 2023 Mariel Alumit

The United States government has announced it will guarantee deposits at failed Silicon Valley Bank (SVB), as financial regulators rush to alleviate fears the tech-focused lender’s collapse could set off a broader financial crisis. In […]

Finance

Pause: Goldman No Longer Expects Fed To Hike In March Due To “Stress In The Banking System”

March 13, 2023 Mariel Alumit

Earlier we said that the Fed/Treasury’s new alphabet soup bailout facility, the BTFP, stands for Buy The Fucking Pivot as it confirms what we have been saying for months: it’s just a matter of time […]

Regulators close crypto-focused Signature Bank, citing systemic risk
Bankruptcy

Regulators close crypto-focused Signature Bank, citing systemic risk

March 12, 2023 Mariel Alumit

U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. “We are also announcing a similar systemic risk exception for […]

Bankruptcy

Record Bank Run Drained A Quarter, Or $42BN, Of SVB’s Deposits In Hours, Leaving It With Negative $1BN In Cash

March 11, 2023 Mariel Alumit

For much of the day, anyone doing analysis on the now-liquidated Silicon Valley Bank was confined to using stale financial data as of Dec. 31… we certainly were when analyzing the impact of SVB’s contagion […]

Jones
Financial Crisis

Dow Jones Losses Deepen Despite Jobless Claims Surprise; Microsoft’s New Bing Hits 100 Million Daily Users

March 9, 2023 Mariel Alumit

The Dow Jones Industrial Average fell 0.5% at 1:30 p.m. ET Thursday, even as several leaders gained. Indexes accelerated losses and sank to session lows. What Is CAN SLIM? If You Want To Find Winning […]

Finance

Recession Is Needed To Curb Inflation

March 9, 2023 Mariel Alumit

Authored by Law Ka-chung via The Epoch Times, The year 2023 seems a turnaround year for the world economy: Not only in the real estate sector, where prices are on the rebound. Indeed, inflation and […]

Gold
Finance

Gold price regains ground as US dollar rally cools

March 8, 2023 Mariel Alumit

Gold prices regained some ground on Wednesday as the dollar’s rally cooled, but any further advance is likely to be capped with Federal Reserve Chair Jerome Powell signalling more rate hikes. Spot gold rebounded 0.3% […]

Finance

Goldman Expects Nearly 1 Million Drop In Tomorrow’s Job Openings

March 8, 2023 Mariel Alumit

In his most hawkish speech since Jackson Hole, Fed Chair Powell made it very clear: if economic data keeps coming in as hot as February, the Fed will not only hike higher for longer, but […]

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