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Russian Drone Hits Chinese Ship In Black Sea, Less Than 24-Hours Before Xi-Putin Summit
Russian Drone Hits Chinese Ship In Black Sea, Less Than 24-Hours Before Xi-Putin Summit
Just 24 hours before Presidents Vladimir Putin and Xi Jinping are set to meet for their planned summit in Beijing, soon on the heels of Trump's visit, and a geopolitical wrench may have just been thrown into the works.
According to Ukrainian President Volodymyr Zelensky, Russian forces have attacked a Chinese ship heading toward a Ukrainian port - a provocative move that threatens to seriously anger Beijing at the worst possible diplomatic moment.
via Ukraine Navy
Early Monday morning,...
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Apr 16, 2026 / Tyler Durden
Despite 'Survey' Sadness, Jobless Claims Slide Near Historic Lows
Despite 'Survey' Sadness, Jobless Claims Slide Near Historic Lows
The number of Americans filing for jobless benefits for the first time fell to just 207k (below the 213k expected and down from the prior 209.25k) - back near its lowest levels in 5 years (and trend towards its lowest level in 50 years)...
Source: Bloomberg
Despite a small pick up last week, Continuing jobless claims have been below the 1.9 million Maginot Line since the start of the year...
Source: Bloomberg
Finally, as the following chart suggests, while it may be "hard to get"...
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Mar 24, 2026 / Tyler Durden
"Emergencies" Requiring Coal Plants To Stay Open Need Not Be Imminent, DOE Tells Court
"Emergencies" Requiring Coal Plants To Stay Open Need Not Be Imminent, DOE Tells Court
By Ethan Howland of UtilityDive
The U.S. Department of Energy’s secretary has broad authority under the Federal Power Act to declare emergencies to keep power plants from retiring, and those emergencies don’t have to be imminent, DOE told a federal appeals court last week in response to challenges over its orders keeping a Michigan coal plant online.
“The statute’s text grants the Secretary discretion to determine that an emergency exists,” DOE said in a March 17 brief...
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Jun 26, 2026 / Tyler Durden
Tanker Rates Nearly Halve As Hormuz Shipping Normalizes
Tanker Rates Nearly Halve As Hormuz Shipping Normalizes
The recent spike in the cost to hire a supertanker carrying 2 million barrels of crude from Saudi Arabia to China is now being sharply reversed, as more shippers send vessels through the Strait of Hormuz and normalization trends continue to improve.
Bloomberg reports that tanker rates for the Saudi Arabia-to-China route tumbled to about $287K on Friday, down 44% from more than $514K on Tuesday. That data came from the Baltic Exchange.
Rates remain elevated and still highly profitable for owners, but...
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