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One Of Russia's Largest Fuel Facilities Spews 'Black Rain' Over Ryazan After Deadly Ukrainian Drone Strike
One Of Russia's Largest Fuel Facilities Spews 'Black Rain' Over Ryazan After Deadly Ukrainian Drone Strike
An early Friday drone strike triggered a major fire at the Ryazan Oil Refinery, one of Russia's largest fuel production facilities, according to local residents and Russian monitoring channels.
Residents reported multiple loud explosions after drones were seen flying over the city, with videos circulating online showing flames and thick smoke rising from the refinery.
VKontakte/Moscow Times
"An ASTRA OSINT analyst has determined that in addition to two high-rise buildings, an oil refinery in the city was...
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Mar 29, 2026 / Tyler Durden
Bigger Isn't Better: A Case For Downsizing The Federal Reserve
Bigger Isn't Better: A Case For Downsizing The Federal Reserve
Authored by via Paul Mueller via the American Institute for Economic Research (AIER),
President Trump’s conflicts with Federal Reserve Chairman Jerome Powell and with Board of Governors member Lisa Cook have obscured real shortcomings at the Federal Reserve and brought little useful change. These conflicts tend to focus on whether the Fed’s target interest rate is too high or too low. Meanwhile, institutional problems at the Fed have been largely overlooked.
But there is an opportunity here with Trump’s nominee for Fed chair, Kevin...
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Apr 29, 2026 / Tyler Durden
Wingstop Tumbles As Chicken Demand Falters, Guidance Cut
Wingstop Tumbles As Chicken Demand Falters, Guidance Cut
Wingstop shares fell the most in six months in premarket trading after the company cut its full-year outlook and reported weaker-than-expected first-quarter sales, citing a pullback in traffic as management pointed to "continued pressure on consumer spending."
The chicken chain, with 2,653 locations across the US, now expects 2026 domestic same-store sales to decline at a low single-digit rate, down from its prior forecast of flat to low single-digit growth. Analysts tracked by Bloomberg forecast a .4% contraction this year, after lowering their...
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May 5, 2026 / Tyler Durden
Iraq Offers Huge Discounts Up To $33 Per Barrel For Oil Shipments Via Hormuz
Iraq Offers Huge Discounts Up To $33 Per Barrel For Oil Shipments Via Hormuz
By Charles Kennedy of OilPrice.com
OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude that has to move through the Strait of Hormuz.
Iraq’s oil production and exports have been severely crippled due to the hostilities in the Middle East and the de facto closure of the Strait of Hormuz, which is the only way to move Iraqi Basrah crude grades.
Iraq was one of the...
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