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Nikola Tesla Started the Silver Shortage 100 Years Ago
He invented the electric future. We're just running out of silver trying to build it. In 1899, Nikola Tesla was dreaming about a world powered almost entirely by electricity — wireless transmission, electric motors, massive power grids, automation, remote control...
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Trump Suit Over Wall Street Journal Epstein Story Dismissed
A judge threw out Donald Trump’s $10 billion libel suit against the Wall Street Journal and parent company News Corp., dealing a blow to the president’s ongoing campaign of litigation against the media. The decision Monday in federal court in Miami largely vindicates...
Private Credit Is Canary in the Coal Mine, Dutch Watchdog Warns
The Netherlands’ financial markets regulator warned of further turmoil in the $1.8 trillion private credit market after turmoil at some direct lenders. There have been “incorrect assessments in lending,” Laura van Geest, who leads the Authority for the Financial...
Gold Eases as US Plan to Blockade Hormuz Raises Inflation Risks
Gold edged down amid mounting inflation concerns after US President Donald Trump’s order to blockade the Strait of Hormuz deepened the global energy-supply shock. Bullion fell as much as 2.2% to trade below $4,650 an ounce before retracing much of the loss. Trump said...
Fuel Shortages From Iran War Threaten Asia’s Biggest Food Staple
Harvest-ready rice fields are lying idle and farmers are deciding whether to skip planting for the coming season, as spiking fuel and fertilizer costs from the war in the Middle East hit one of the world’s biggest rice-growing regions. Across Southeast Asia, tens of...
Oil Posts Biggest Weekly Loss Since 2020 Ahead of Iran-US Talks
Oil edged lower in relatively light trading before highly-anticipated talks between Iran and the US, negotiations that will dictate the path ahead for their fragile truce. West Texas Intermediate fell 1.3% to settle below $97 a barrel, with futures down about 13.4%...
US CPI Surges 0.9% in Largest Monthly Jump Since 2022 on Gas
US inflation surged in March by the most in nearly four years as the war with Iran sent gasoline prices skyrocketing. The consumer price index rose 0.9% from February, according to data out Friday. From a year ago, it was up 3.3%, the strongest pace since 2024. A...
US Consumer Sentiment Hits Record Low as Iran War Drives Inflation Fears, CPI Jumps 0.9%
U.S. consumer sentiment fell to a record low in early April as inflation concerns tied to the Iran conflict intensified, while new data showed a sharp rise in consumer prices driven largely by gasoline costs. The University of Michigan’s preliminary sentiment index...
Pawn Shop Loans Spike as High Gas Prices Weigh on Americans
Pawn shop owners across the US say they’ve seen an increase in demand for loans in the past month or so, a sign of just how punishing higher gas prices are for some Americans. “We’re making a lot more loans,” said Tim Cassidy, the fourth generation in his family to...
Saudi Arabia Maintains Oil Exports From Key Red Sea Port for Now
Saudi Arabia’s oil exports via the Red Sea are holding steady for now, as the impact of a drone attack on its vital cross-country pipeline has yet to filter through. The strike on Wednesday — hours after a ceasefire was declared in the Iran war — damaged one of 11...
BofA’s Hartnett Sees the Surge in Commodities Lasting for Years
Investors should flock into commodities for the next few years as they benefit from global geopolitical and macroeconomic turmoil, according to Bank of America’s Michael Hartnett. Stocks would be replaced by commodities as the biggest winners of the “anything but...






