Futures, Gold Jump As Yields Fall Despite Surging Oil As Recession Fears Surpass Inflation Concerns

Clorox CEO Steps Down For "Health Reasons" After Six-Year Stock Rout Clorox shares tumbled on Friday after Chair and CEO Linda Rendle said she will step down for "health reasons," prompting the board to begin a search for her replacement. "Rendle will also serve in an advisory role for a period following the appointment to drive business performance and a smooth leadership transition," Clorox wrote in a press release. Rendle wrote in a statement, "Serving as CEO of Clorox for the past six years—and being part of this special company for more...

Billionaire Tim Draper: You Should Be Scared If You Don't Own Bitcoin Authored by Micah Zimmerman via Bitcoin Magazine, Speaking on the Nakamoto Stage, Tim Draper told attendees that bitcoin has entered the financial mainstream and that governments now roll out “the red carpet” for the industry. He said the community is “starting to feel like something is happening” as adoption grows, and he cast that shift as the early phase of a larger transition in the money system. In his view, people will move in stages: first from dollars to stablecoins,...

US Attack Renders Ceasefire 'Meaningless', Iran Says, As US Forces Disable Third Tanker This Week Overnight, there did not appear to be any new major exchanges of fire after Iran launched retaliatory strikes on US bases in Kuwait, Bahrain and Jordan - following the US bombing of some dozens of targets in Iran earlier, in the wake of the downing of a US Apache attack helicopter in the Hormuz area earlier this week. But since then, Iran has announced it is closing the Strait of Hormuz - or rather seeking to tighten...