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Washington's Renewed Russian Oil Sanctions Waiver Will Help Their Shared Indian Partner
Washington's Renewed Russian Oil Sanctions Waiver Will Help Their Shared Indian Partner
Authored by Andrew Korybko,
Both benefit from this since the US wants to avoid India sliding into turmoil amidst the global energy crisis and possibly offsetting its envisaged role as a counterweight of sorts to China while more energy revenue from India preemptively averts Russia’s potentially disproportionate dependence on China.
The Treasury Department renewed the US’ Russian oil sanctions waiver on Friday two days after Secretary Scott Bessent said that this wouldn’t happen.
It remains unclear what exactly accounts for this flip-flop, but...
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Aug 28, 2026 / Tyler Durden
PayPal Crashes After Advent, Stripe Abandon $50 Billion Takeover Bid
PayPal Crashes After Advent, Stripe Abandon $50 Billion Takeover Bid
PayPal shares plunged as much as 16% in premarket trading Friday, the most in months if the losses hold through the cash session, after a consortium led by private-equity firm Advent International and payments giant Stripe abandoned its takeover bid for the struggling payment processor.
Bloomberg reports that the consortium offered more than $50 billion for PayPal in what would have been one of the largest leveraged buyouts in history.
As per the report:
The group is no longer pursuing a deal for...
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May 2, 2026 / Tyler Durden
Tether Reports $1.04B Profit In Q1 As Treasury Holdings Top $140BN
Tether Reports $1.04B Profit In Q1 As Treasury Holdings Top $140BN
Authored by Nate Kostar via CoinTelegraph.com,
Stablecoin issuer Tether (USDT) reported $1.04 billion in net profit for the first quarter of 2026, as its excess reserves rose to a record $8.23 billion, according to its latest attestation on Friday.
The company said its reserves remain heavily concentrated in US Treasuries, with around $141 billion in direct and indirect exposure, while total assets of about $191.8 billion exceeded liabilities of approximately $183.5 billion as of March 31.
Tether said this level of exposure makes it...
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Jun 14, 2026 / Tyler Durden
Talking Across The Divide
Talking Across The Divide
Authored by J. Peder Zane via RealClearPolitics,
How we see politics reveals a lot about who we are. But it is less akin to a Rorschach ink blot than one of those reversible images, like the drawing that is both a rabbit and a duck. As messy as society might be, it is not some blob open to any interpretation (at least not yet, anyway). The patterns are there. But where we see one clear thing clearly, our pal may see another just as sharply.
The difference is...
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