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Coffee Lovers, Take Note: Lavazza Sounds Alarm, Suggest It May Be Time To Stock Up
Coffee Lovers, Take Note: Lavazza Sounds Alarm, Suggest It May Be Time To Stock Up
Following the largest daily surge in Arabica coffee futures since the Dot-Com bubble, the head of Italian coffee giant Lavazza Group warned that prices are unlikely to fall over the next two years.
Giuseppe Lavazza, chairman of the Italian roaster, was quoted by Bloomberg as saying, "The market needs to have stability before it's time to think about a reduction of prices."
Lavazza explained that it will take two harvests and a massive rebuilding phase to replenish...
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May 18, 2026 / Tyler Durden
Senate Parliamentarian Rejects White House Ballroom Funding In Reconciliation Bill
Senate Parliamentarian Rejects White House Ballroom Funding In Reconciliation Bill
Authored by Joseph Lord via The Epoch Times,
The Senate’s nonpartisan referee has rejected a bid by Republicans to fund $1 billion for the White House ballroom expansion and other White House security upgrades.
According to Senate Parliamentarian Elizabeth MacDonough, the $1 billion proposal breaks the rules of the reconciliation process. As parliamentarian, MacDonough’s go-ahead is traditionally required to approve individual items passed under the partisan process.
Republicans are seeking to use the reconciliation process—which is not subject to the filibuster—to pass $72...
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Apr 29, 2026 / Tyler Durden
Fed Chair Pick Warsh Approved By Key Senate Committee Along Party Lines
Fed Chair Pick Warsh Approved By Key Senate Committee Along Party Lines
The drama over Kevin Warsh's nomination as Trump's pick for next Fed chair appears to be over.
Moments ago, Warsh won the backing of the Senate Banking Committee Wednesday in a 13-11 party-line vote, putting him on track to be confirmed by the full Senate before Jerome Powell’s term ends May 15, Bloomberg reproted.
Warsh’s nomination had been held up by Republican Senator Thom Tillis until the Department of Justice agreed last week to drop (for now) a criminal probe...
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Apr 10, 2026 / Tyler Durden
Mexico's "Energy Sovereignty" Dos Bocas Oil Refinery Hit By Major Fire
Mexico's "Energy Sovereignty" Dos Bocas Oil Refinery Hit By Major Fire
One of Mexico's largest refineries, with a processing capacity of 340,000 barrels per day, appears to have suffered a fire in its coke storage area, marking the second incident in less than a month.
The Dos Bocas refinery, built by Pemex in the southeastern state of Tabasco, is the crown jewel of Mexico's push to reduce dependence on imported gasoline and diesel, especially from U.S. exporters in the Gulf of America. It cost about $21 billion to build and was...
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