“The Market Is Being Brutal”: Futures Crash As Banks Crisis Slams Europe, Credit Suisse Craters

  • Post category:Finance

Just when it seemed that futures may finally be stabilizing after a week of rollercoaster moves and one day after US regional banks rebounded amid hopes that the US small bank run was easing, the bank crisis made a triumphant arrival…

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Trump’s Truth Social Trims Staff As SPAC Deal Plagued With ‘Endless SEC Investigations’

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The merger between Trump Media & Technology Group and Digital World Acquisition Corp., which seeks to make Trump's social media platform "Truth Social" public through a blank check company, is facing delays in obtaining regulatory approval. Bloomberg reportedly spoke with two individuals who…

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Credit Suisse CDS Explodes: Reportedly Urged SNB ‘Show Of Confidence’, ECB Quantifying Exposures

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Update (1130ET): Earlier in the day, while speaking at the Financial Sector Conference in Saudi Arabia, Credit Suisse Group AG Chairman Axel Lehmann said government assistance "isn't a topic" for the lender as the Swiss bank sought to shore up confidence among shareholders and clients.This…

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Kremlin Blames US For Crashed Drone: ‘Flying With Transponders Off Towards Russian Border’

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Update(1510ET): After nearly two hours since the story first broke in international press, the Kremlin has issued its version of events concerning the US drone crash in the Black Sea Tuesday. The Russian Defense Ministry said nothing about the Pentagon's allegations…

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How The Fed Broke The Banks

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Authored by Joakim Book via Reason.com,The Fed's anti-inflation measures had to hurt someone...The Federal Reserve is in the unenviable position of achieving its mandate by crashing the economy. It's not something it wants to do, as Fed Chair Jerome Powell meekly admitted in…

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China Calls AUKUS Sub Deal “Pure Deception” As It Means Australia Going Nuclear

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China has blasted the new AUKUS nuclear submarine deal announced by President Joe Biden in San Diego on Monday alongside Australian Prime Minister Anthony Albanese and British Prime Minister Rishi Sunak. Biden sought to stress that the agreement to transfer nuclear…

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DeSantis Issues Most Blistering Takedown Yet Of US Role In Ukraine “Territorial Dispute”

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At a moment Western officials and even some mainstream media are beginning to express doubt over Ukraine's ability to push Russian forces back, Florida Gov. Ron DeSantis, who will likely enter the race for the 2024 GOP presidential nomination, has issued his sharpest…

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Death Of A Myth

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Authored by George D. O'Neill Jr via TheAmericanConservative.com,Americans need to wake up to the realities of a post-unipolar world before it’s too late...As we witness the collapse of various mainstream narratives, especially those surrounding the U.S./NATO war with Russia in Ukraine,…

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CDC, FDA Respond To Florida Surgeon General’s COVID-19 Vaccine Safety Alert

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Authored by Zachary Stieber via The Epoch Times (emphasis ours),U.S. health authorities have responded to the warning from Florida’s surgeon general about a spike in reports of adverse events following COVID-19 vaccination.Dr. Rochelle Walensky, director of the Centers for Disease Control…

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Car Dealerships Hit With Profitability Squeeze As Auto Industry Cracks

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Auto dealerships are encountering a major problem where auction (wholesale) prices are increasing while real book values stagnate, squeezing profitability. To make sense of this, auto-guru CarDealershipGuy expanded on our tweet, pointing out that Manheim wholesale auto prices are re-accelerating while other indexes tracking…

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Trump Publishing Private Letters From High-Profile Figures Including Kim Jong Un, Hillary Clinton, Oprah

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Authored by Katabella Roberts via The Epoch Times (emphasis ours),Former President Donald Trump is set to release 150 private letters sent to him from an array of high-profile political figures and celebrities including former presidents Barack Obama and George W. Bush, and Oprah Winfrey.Former…

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Uber, Lyft Shift Into Gear As California Court Rules Gig Workers Are Contractors

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Shares of Uber Technologies Inc. and Lyft Inc. traded higher today following the decision of a California appeals court to uphold the law that categorizes gig workers as independent contractors rather than employees. The 132-page decision, released on Monday evening, struck down…

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DeSantis Admin Yanks Hyatt Miami Liquor License For Hosting “Drag Queen Christmas” With Kids Present

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Florida Governor Ron DeSantis' administration is revoking the Hyatt Regency Miami's alcohol license after it hosted "A Drag Queen Christmas" with children present in the audience.In a 17-page complaint filed Tuesday by the state's Department of Business and Professional Regulation, the…

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Putin: “Complete Nonsense” That Anyone Other Than State Actor Behind Pipeline Explosions

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"I am certain that this is complete nonsense," President Vladimir Putin said in fresh statements to Russian media on Tuesday, making rare detailed remarks concerning the sabotage of the Nord Stream pipelines. He was referencing the latest narrative out of the…

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Treasury To Give Biden Family ‘Suspicious Activity’ Banking Reports To GOP Investigators

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The Treasury Department is finally complying with a request to release suspicious activity reports (SARs) generated in connection with the Biden family and their associates' business transactions.US banks have filed over 150 SARs from Hunter and President Joe Biden's brother, James,…

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Why Not Let Banks Fail?

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Authored by Jacob Hornberger via The Future of Freedom Foundation,Imagine that for the last 100 years, the federal government’s policy was to bail out every business that was in danger of going under. The policy would consist of shoveling large amounts…

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Citadel’s Griffin Slams SVB Bailout: American Capitalism Is “Breaking Down Before Our Eyes”

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In contrast to billionaire Bill Ackman's praise for the federal government's bailout of SVB depositors, Citadel founder Bill Griffin is not impressed, telling The FT that this action by US regulators shows American capitalism is “breaking down before our eyes”.As a…

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Shelter Inflation Hits Record High As Americans’ Real Wages Drop For 32nd Straight Month

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After January's disappointing 'stall' in the linear demise of inflation, consensus expectations were for a re-acceleration of the YoY decline in headline CPI (from 6.4% to 6.0%), and the actual print came in right on expectations (+0.4% MoM, +6.0% YoY). That…

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Bank Runs. The First Sign The Fed “Broke Something”

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Authored by Lance Roberts via RealInvestmentAdvice.com,With the collapse of Silicon Valley Bank, questions of potential “bank runs” spread among regional banks.“Bank runs” are problematic in today’s financial system due to fractional reserve banking. Under this system, only a fraction of a bank’s deposits must be available…

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