The Precious Paper Problem: The Divergence In Western Bullion Markets

"Doesn't Look Good": Explosion Rocks Major New Orleans-Area Refinery As Fuel Markets Tighten A fire broke out Friday afternoon at PBF Energy's Chalmette refinery outside New Orleans, according to the facility. Reuters cited people familiar with the incident who said the 190,000-barrel-per-day Chalmette refinery suffered an explosion on Friday afternoon. The explosion can be traced to a reformer heater used to convert refining byproducts into octane-boosting components added to unfinished gasoline to make premium and mid-grade fuel blends. The 190,000-barrel-per-day refinery is one of the major Gulf Coast refineries because it produces...

Amazon Drops After AWS Growth Misses Whisper Estimates As Capex Soars In our preview of Amazon's earnings, we summarized sentiment as "Bullish, But Concerns Remain" with JPM noting that client "conversations were heavily AWS-skewed with investor focus on degree of acceleration and cloud $ re-capture driven by core workloads, AI, & new partnerships. Still, some concerns remain on broader AI positioning/strategy, Trainium traction, & gap to Azure/Google Cloud growth. Strong Stores execution expected, with N. America margin expansion. But higher fuel costs raise questions on consumer demand & operating margins." They...

This is as Close as the US and Iran Will Get to Signing an MOU. Well, when news broke that Israel had bombed the southern suburb of Beirut on Sunday afternoon, the Iranians started gearing up for promised retaliation only to be dissuaded by a Donald Trump bribe. Iran and the US reportedly were closing […]