The news just broke that SoftBank could not secure a 6bn$ vs its OpenAI shares
Let me tell you a thing: if you cannot secure a 6bn$ loan against collateral you claim is worth ~100bn$, then the latter isn't worth ~100bn$. In this case, it might be worth not much more than 6bn$.
API reported ~17 million bbl draw for crude.
EIA will be close to that figure. It would be either the 3rd, 4th, or 5th largest crude draw in history.
We will have had the largest, third largest, fourth largest, and fifth largest crude draw in history all happening inside a month.
If that’s not BACD, I don’t know what else is.
The USA spends $60 billion per year on bases in Europe and paying the salaries of American soldiers which is spent in the economies of ungrateful European countries that refuse to defend themselves.
It has become a tax on the USA so that Europeans can fund their welfare states.
They’ve found a way to keep oil prices low. This triggers the algo to buy stocks.
Rinse and repeat.
Meanwhile oil inventories continue to shrink.
Makes no sense but here we are.
POV: The FIFA C-Suite refusing to lower the $10,000 ticket prices on its official website — and quietly dumping everything on SeatGeek — because it’ll piss off people who already bought and prove they were way too greedy while screwing fans over.
S. Africa, Brazil and Qatar were all painted a certain way and had their own issues but at no point were they actively stopping players, teams, referee and fans from participating in the biggest sporting event, 3 days before it starts. America gotta be the worst hosts ever
كنت أفكر تفكير عميق بيني و بين نفسي و لاحظت إن كل صيدلياتنا المحلية ما لها فروع في شمال أفريقيا بالرغم من أن 90% من كادرها الصيدلي من الشمال الأفريقي !
دامهم يخسرون بسبب الرسوم على موظفينها ليش ما يتوسعون برا و يغادرون السوق ؟
The oil market is so, so F*CKED.
1. Let's start with the obvious: Hormuz very shut, barrels have not been flowing.
2. The cavalry isn't coming: US rig count is effectively flat. Nobody is rushing to add supply, as the market narrative remains: the war ends soon.
3. Cushing is within a stone throw of being empty. 2 numbers matter at Cushing 70mb (full) and 20mb (empty). When it hit 70 in 2020, WTI went negative. When it will hit 20 in June, WTI will skyrocket. I wrote and spoke about this yesterday.
4. Managed money is barely long. There is no speculative money propping up the price of oil right now. When it piles in, it will add fuel to the fire.
@gnoble79
Will the BBC do a long monologue about the United States' human rights record, its treatment of migrants, and the killing of its own citizens? And will they refuse to broadcast the World Cup opening ceremony, as they did with Qatar?
Let's keep the same standards and the same energy.
A World Cup primarily held in the US is bad for many reasons but the worst might be having to deal with Americans' opinions on a sport they fundamentally do not understand
Nearly 100 fans from Morocco applied to go the USA.
The US blocked nearly 90% of their applications.
This is the most racist World Cup ever and it should be boycotted by everyone, the USA is refusing to let non-white people come.
Norway said that they are not going to play in World Cup in Qatar even if they qualified (they didn’t). Denmark left it until the last minute to confirm their participation in the World Cup 2022Germany forced their players to make political statements before the match in FIFA WC 2022 even though some players didn’t want to do it.
BBC literally disrupted the coverage of one of the best opening ceremonies of the World Cup in Qatar just for virtue signaling.
but for World Cup 2026, the whole media is silent other than a few token articles here and there and Norway and Germany aren’t protesting anything when there’s so much to protest about 🤡
Institutional investors are aggressively shorting the Japanese Yen even as Japan is attempting to intervene:
Combined Yen short positions held by leveraged funds and asset managers are up to -$11 billion, the highest since July 2024.
We have now seen 3 consecutive weekly increases in short exposure, totaling -$5 billion.
This comes despite Japan’s Ministry of Finance spending a record ~$74 billion over the past month to defend the currency from weakening.
However, the Yen has weakened to ~160 per US Dollar from ~155 in early May and is approaching the critical 160 threshold again.
This reflects the wide interest rate gap between Japan and the US, which remains the primary structural pressure on the currency.
Institutional positioning continues to signal further Yen weakness.
People think Hormuz will reopen because the economic pain from not doing so would simply be unbearable.
But economic pain isn't the most important factor to either side of the conflict.
For Iran, this war is about survival, and for the US it's about defending the illusion of unchallenged hegemony.
This conflict will take longer than most people are anticipating, and the pain will be much higher than markets are discounting.
مريت ٣ فروع لـ "صيدلية الدواء" عشان وصفة للوالد وكلهم (صيادلة أجانب) عطوني نفس الرد البارد: "مش موجودة بالسيستم"
في الفرع الرابع لقيت شاب سعودي ما صرفني استأذن ودخل برقم الهوية في وصفتي وبحث بذكاء لين طلعها وصرفها مباشرة!
هذا الموقف هو الرد على كل مستشار مالي يقول السعودي مكلف:
الأجنبي يتعامل مع العميل كـ "آلة" (السيستم قفل يعني قفل).
ابن البلد يتعامل بـ "فزعة واحترافية" يبذل جهد ويحل المشكلة عشان يخدم سمعك الصيدلية