Were the seeds of Silicon Valley Bank’s collapse planted by the Federal Reserve’s rapid rate increases? That is one of the debates ranging online over the weekend. Michael Green, chief strategist and ...
Tag: Destruction
Fix mistake in ‘48 hours’ or face ‘destruction’
Billionaire Bill Ackman has urged the United States government to “guarantee” all Silicon Valley Bank’s (SVB)’s deposits within the next “48 hours,” or it risks the “destruction” of many f...
Trump Attacks Rupert Murdoch And Fox News—Again—Claiming ‘Destruction Of America’ Amid Defamation Lawsuit
Topline Former President Donald Trump blasted Fox News’ billionaire chairman Rupert Murdoch in one of his most scathing criticisms of the right-wing network Wednesday morning, accusing Murdoch of “aid...
The green revolution is fuelling environmental destruction
A rare earth mine along Myanmar’s border with China, an industry causing extreme environmental damage – Supplied by Global Witness Roughly 80 miles off the coast of Yorkshire, the new gene...
Goldman Sachs Had a ‘Miserable’ Quarter — But Wider Market Destruction May Be Coming
Goldman Sachs (GS) – Get Free Report reported dismal Q4 2022 earnings Jan. 17. The bank may not have been alone, with fellow investment bank Morgan Stanley (MS) – Get Free Report also po...
Elon Musk’s buddies in Silicon Valley are predicting he will emerge laughing from his year of record-breaking wealth destruction
Tesla CEO Elon Musk recently broke a world record for the largest loss of a personal fortune in history, having shed an estimated $182 billion since November 2021 (another estimate puts it closer to $...
The Destruction Of Religious Sites By Russian Forces In Ukraine
On February 24, 2022, Putin unleashed an attack on Ukraine without any provocation and without any credible justification. Subsequent months have seen evidence suggesting that Russian troops are perpe...
The Diesel Crunch Is Finally Causing Demand Destruction
High prices seem to have started to weigh on diesel demand in the United States, where distillate inventories – comprising diesel and heating oil – have been slowly rising over the past few weeks. Ame...
Peter Schiff predicted the 2008 financial crash — now he sees the total destruction of digital currencies very soon. Here are 3 assets he likes instead
‘This is crypto extinction’: Peter Schiff predicted the 2008 financial crash — now he sees the total destruction of digital currencies very soon. Here are 3 assets he likes instead With the massive pu...
Chamath Palihapitiya Predicts $700,000,000,000 in Venture Capital Destruction, Says FTX Crash Just Tip of Iceberg
Billionaire Chamath Palihapatiya is painting a bleak macroeconomic picture despite signs that inflation is starting to cool down. In a new episode of the All-In Podcast, Palihapitiya doubles down on h...
AutoNation, Lithia rally despite Wall Street’s ‘demand destruction’ theory
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT – Shares of AutoNation, Group 1 Automotive and other automo...
Bitfinex helps El Salvador after destruction caused by Hurricane Julia
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What It Could Take To End Hunger In America, Hurricane Ian Hits Florida Farming And Inside Marion Nestle’s ‘Slow Cooked’
Retirees swimming in their flooded South Florida living rooms. Entire houses getting sucked out to sea. Restaurants, grocers and food banks out of commission. Tomato fields and citrus orchards wrecked...
UN warns of ‘uncharted territories of destruction’
Boys, victims of the flood, reach out for food from a relief worker, following rains and floods during the monsoon season in Nowshera, Pakistan August 30, 2022. Fayaz Aziz | Reuters The United Nations...
Polkadot Continues Negative Trend; Is DOT on the Destruction Path?
Polkadot has been stumbling from extreme selling pressure with price trend testing the support strength for the last three months. Sudden dips each month are testing the potential for DOT tokens to ov...
Surging Fuel Costs Are Causing Demand Destruction, Says Vitol
(Bloomberg) — The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader. Most Read from Bloomberg Consumers are being hit by th...
Cramer: this stock down 70% is a ‘recipe for portfolio destruction’
Sweetgreen Inc (NYSE: SG) is one of the hardest-hit stocks this year, now down roughly 70% from its year-to-date high. But Jim Cramer is convinced now is still “not” the time to buy it. Wh...
Sweetgreen stock is ‘a recipe for portfolio destruction’
CNBC’s Jim Cramer on Tuesday warned investors not to invest in Sweetgreen, saying the stock is unlikely to perform well in an inflationary environment. “This is a bear market, not a bull m...
‘Demand destruction’ has already started, says strategist
Gasoline prices at all-time highs may be starting to put a dent on demand at the pump. Yahoo Finance spoke to several strategists to get their take on when consumers start buying less gas amid rising ...
Fertilizer Prices Drop 30% Following Demand Destruction
(Bloomberg) — Fertilizer prices that had hit records are now plunging as buyers reel from sticker shock, but that doesn’t mean the market squeeze is over. Most Read from Bloomberg The June spot ...
‘Real wealth destruction’: This Deutsche Bank chart shows what could happen to assets in a repeat of the stagflationary 1970s.
While the decade is still young, if inflation sticks around for the next few years, things could get pretty ugly for investors. That’s according to this chart from Deutsche Bank, which shows how a ran...
Wall Street Says a Fed Digital Dollar Spells Destruction for Banks
The Fed board has been weighing the logic of introducing a digital dollar, though officials have been careful to remain neutral and suggest that any plan should have the backing of Congress and the ad...
Blockchain.com CEO Warns Crypto Destruction but projected Stronger Industry
More bitcoin destruction is coming in the short term, according to Peter Smith, CEO of top cryptocurrency exchange and wallet provider Blockchain.com, but he believes that in the long run, this type o...
Demand destruction is the only way to stop increases, says trader
Gasoline prices will stop rising once consumer demand destruction kicks in, according to one energy trader. “It’s become really evident that the only thing that is going to alleviate these price rises...
Nick Saban (With Help From Jimbo Fisher And Deion Sanders) Just Shoved College Football To The Edge Of Destruction
INDIANAPOLIS, IN – JANUARY 10: Alabama Crimson Tide head coach Nick Saban walks on the field before … [+] the Alabama Crimson Tide versus the Georgia Bulldogs in the College Football Playo...
IRS insists destruction of taxpayer data won’t affect payers
alfexe | iStock | Getty Images Filers won’t be affected by the IRS decision to destroy data for millions of taxpayers, the agency said in a statement Thursday. The IRS tossed an estimated 30 mil...
AI Ethics And The Law Are Dabbling With AI Disgorgement Or All-Out Destruction Of AI As A Remedy For AI Wrongdoing, Possibly Even For Misbehaving Self-Driving Cars
Will we seek to use AI disgorgement or the destroying of AI when some AI wrongdoing is alleged, and … [+] if so, can we pull it off? getty You might say that society seems nearly obsessed with i...
Pandemic Demand Destruction No Match For Supply Shortages
TOPSHOT – A man wears a protective face mask on the promenade of the Bund along the Huangpu River in … [+] Shanghai. (Photo by Hector RETAMAL / AFP) (Photo by HECTOR RETAMAL/AFP via Getty ...
Oil Markets Will Enter 2023 in a State of Creative Destruction
Illustration by Jon Krause Text size About the author: Karim Fawaz is an oil market analyst and research and analysis director at S&P Global Commodity Insights. The history of oil markets is litte...