Snubbed By SpaceX, Jefferies Now Helping Traders Short World's Biggest IPO

China Buys Record Amount Of Gold As India Panics, Scraps Key Tax Relief On Precious Imports Gold is climbing notably this morning, underscoring the potential for the precious metal to ratchet higher into year-end thanks to sustained buying from central banks and retail investors.  On the retail side, the total known ETF holdings of bullion are up this week, set to match the 12-week streak of gains posted through April 18, 2025.  That means the stockpile exceeds the peak touched just before the outbreak of the Iran war. And central banks are backing...

Belarus Gets Partial US Sanctions Relief After Freeing More Political Prisoners In a rare development, Belarus - which forms a 'Union State' with Russia, has received partial US sanctions relief after it agreed to free 25 political prisoners.  President Trump's envoy, John Coale, revealed to reporters in the Belarusian capital Minsk: "We agreed to an interim deal, and as a show of goodwill Belarus will release 25 people and in exchange the United States will lift sanctions on two companies." Kremlin.ru/ White House The deal follows a much bigger amnesty for prisoners brokered...

When Regulation Changes Who Becomes Rich Authored by Shahid Islam via RealClearMarkets, Economic debates about inequality usually begin with a familiar question: Who has how much income? It is an important question. But perhaps it is not the only one we should be asking. A society can change who becomes rich without substantially changing how unequal the society is. Regulation can weaken one economic elite while creating opportunities for another. Entrepreneurs and investors may lose relative influence while lawyers, compliance specialists, lobbyists, consultants and regulatory experts gain it. The Gini coefficient may barely notice. Income...