How Deep Are The Newsoms In It?

US Allows Venezuela To Fund Maduro's Defense After Court Challenge Authored by Tom Gantert via The Epoch Times, The United States will ease sanctions on Venezuela to allow its regime to pay legal fees for former Venezuelan leader Nicolás Maduro in a U.S. drug trafficking case, according to a court filing in the U.S. District Court for the Southern District of New York. The April 24 filing states that the U.S. Treasury Department authorized an exception to existing sanctions, permitting funds to be used for Maduro’s legal defense. Maduro is awaiting trial on...

AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms Layoffs are spreading across crypto and fintech — and executives increasingly say AI is part of the reason, according to Bloomberg. Coinbase, PayPal, Gemini, and Crypto.com have all recently cut jobs while emphasizing efficiency and automation. On Tuesday, Coinbase CEO Brian Armstrong framed the shift in stark terms, warning that “the biggest risk now is not taking action” as the company tries to become “lean, fast, and AI-native.” Bloomberg writes that the trend gained momentum after Block, Inc. — the...

Ahead Of The Fed: Bessent, Bullion, Bans, & Hawkish Bias Authored by Peter Tchir via Academy Securities, Before jumping into the Fed, let’s just spend another minute on diesel, and Bessent’s “Performance” which along with Warsh’s Difficult Task, were formed the bulk of last weekend’s Never Forgotten! And Some Work Stuff… Bessent’s "Performance" & Bullion On the Treasury buyback, we didn’t even get to the full $6 billion. The buyback focused on off the run treasuries, deemed as “cheap”, but not cheap enough that the Treasury Department would “overpay”. If you really want to move bond...