Venezuela Oil Exports Hit 7-Year High

Bank Of Japan Confirms Yen Intervention, Fed Conducted 'Rate Check' Update (1645ET): Nikkei reports that market participants learned that the Japanese government and the Bank of Japan intervened in the foreign exchange market by buying yen and selling dollars. Additionally, Nikkei confirmed that the US monetary authorities conducted a "rate check," a preliminary step before intervention. This indicates that Japan and the US worked together to curb the yen's depreciation. *  *  * Having collapsed to its weakest relative to the dollar in 40 years, it appears the Ministry of Finance and Bank of...

Automakers Race Into Humanoid Robots As Timeline For Blue-Collar Job Disruption Emerges Bernstein analyst Eunice Lee is out with a fascinating note explaining why automakers are making a mad dash into the world of humanoid robotics, arguing that their manufacturing scale, supply-chain depth, and years of investment in autonomous driving give them a structural lead in the emerging physical-AI market. Lee writes that automakers are also seeking new revenue streams beyond the core vehicle business, with humanoids poised to move from factory floors into the physical world across retail, security, public...

'Great Replacement' Fears Soar In Belgium Via Remix News, A major social study commissioned by VRT, known as the “Photo of Flanders,” reveals that a majority of Flemish people are afraid they are being slowly replaced by migrants, with this study now joining similar ones in France and Germany, which reveal serious fear across Europe about the ongoing Great Replacement. The VRT survey shows that 56 percent of respondents agree with the statement: “I am afraid that Flemish people are slowly being replaced by migrants/people from abroad.” Within this category, individuals aged 45 to 64 score...