Allbirds (BIRD) stock gained over 700% on April 15 after the company announced it would ditch footwear entirely and pivot to AI compute infrastructure. The playbook may look familiar. Less than a year ago, a wave of struggling pharma companies pulled the same move with crypto. Most of those stocks have since collapsed. From Dead…
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The US Bureau of Labor Statistics (BLS) will publish the March Consumer Price Index (CPI) data on Friday. The report is expected to show a jump in inflation, driven by the upsurge seen in crude Oil prices after the United States (US) and Israel launched a joint attack on Iran. The monthly CPI is forecast…
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Standard Chartered is planning to reabsorb the client-facing custody operations of Zodia Custody into the digital assets division of its Corporate and Investment Bank (CIB). The restructuring, which could be announced as early as this month, would leave Zodia operating only as a standalone Software-as-a-Service (SaaS) platform for custody technology, according to Bloomberg sources familiar…
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Gold prices slipped 0.5% in early Asian trading on April 7, settling near $4,640 per ounce amid the US-Iran conflict, which continued to weigh on sentiment. The decline extends a brutal March. The delivered gold’s steepest monthly drop since October 2008. Gold prices fell more than 13%, snapping an eight-month winning streak. Gold’s Worst Month…
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Total US bankruptcy filings climbed 14% in the first quarter of 2026, reaching 150,009 cases between January and March, up from 132,094 during the same period last year. The increase spans consumer and commercial categories alike, according to data from Epiq AACER published by the American Bankruptcy Institute (ABI). US Bankruptcy Filings Surge As Inflation…
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Hedge funds are quite bearish on global equities as rising geopolitical tensions continue to deteriorate risk appetite. According to Goldman Sachs data, the funds shorted global equities at the most aggressive pace in 13 years last month. “Hedge funds posted the LARGEST net short positioning in global equities last month in 13 YEARS,” Global Markets…
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US households now have a larger share of their net worth tied to the stock market than at any point in modern history. The figure stands at 25.63% of total household net worth, eclipsing the Dot-Com Bubble high of 19.56% and the 1968 peak of 22.01%. US Household Equity Exposure. Source: X/The Kobeissi Letter The…
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The price that underpins real-world oil cargo transactions surged to its highest level since 2008. Dated Brent hit $141.37 per barrel, reaching an 18-year high. Meanwhile, Brent crude futures traded near $107, still below 2022 levels. Thus, it’s clear that the benchmark for actual crude cargoes now trades more than $34 above Brent futures. “The…
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The Fellowship political action committee (PAC) announced Wednesday the appointment of Jesse Spiro, Vice President of Regulatory Affairs at Tether US, as its new Chairman. The news arrives after months of speculation about the PAC’s activity, following its September pledge of $100 million to pro-crypto candidates, though those funds have yet to be deployed. A…
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Brent crude oil futures posted over a 60% gain in March. This marked the strongest monthly rally in the benchmark’s history, dating back to 1988. The May contract settled roughly 5% higher on Tuesday at $118.35 per barrel. West Texas Intermediate (WTI), the US benchmark, climbed about 51% during the month for its best performance…
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