What Caused the Collapse of Silicon Valley Bank?

Is The Iran War Good For The Petrodollar? Diana Choyleva wrote an excellent editorial for the Wall Street Journal entitled “The Iran War Is A Boon For The Petrodollar.” She pushes back against claims that the Iran conflict is accelerating the death of the petrodollar. Instead, RealInvestmentAdvice.com points out that she argues the opposite: between Iran and Venezuela, the U.S. is defending and bolstering dollar dominance in the oil trade. The 75-year-old petrodollar system rests on oil being priced and traded in dollars, which keeps the dollar prominent in all global trade. China has...

Trump Threatens 'Unprecedented Military Consequences' As Iran Reportedly Starts Mining The Strait Of Hormuz Summary: CNN says the IRGC had already begun laying explosive mines in the vital Strait of Hormuz. Reuters: AS MANY AS 150 US TROOPS WOUNDED SO FAR IN IRAN WAR CBS says US intelligence has begun to see indications Iran is taking steps to deploy mines in Strait of Hormuz shipping lane Divergent signals flying between Tehran and Washington: Witkoff says Trump "always willing to talk" to Iran, the question is whether or not it is worth it. Trump-Putin spoke Monday,...

Giant Data Center Developer Fermi Crashes 22% After CEO, CFO Abruptly Quit Last November, we warned that storms clouds were gathering over the torrid, and in some cases chaotic, rollout of US data centers, after Fermi's massive 11 GW energy and data center project in Texas, called Project Matador, which the company has envisioned to be the world's largest AI data center and energy campus in the Texas Panhandle, near Amarillo, was struggling to close the deal with its first major data center tenant (and since Fermi is set up as...