WTI Holds Spike After Big Crude Draw, SPR Drain Continues As Cushing Stocks Stuck At 'Tank Bottoms'

The Great Retreat: Beijing's Digital Currency Ambitions Are Faltering Authored by James Gorrie via The Epoch Times (emphasis ours), For years, the Chinese Communist Party (CCP) has positioned the digital yuan (e-CNY) as the ultimate weapon of financial totalitarianism. It was intended to be the crowning achievement of the surveillance state. With a programmable, traceable digital currency, Beijing thought it would finally break the back of private payment giants like Alipay and WeChat Pay. Signage of the Chinese digital currency is seen near a coffee store in the New Actuation Fintech Center...

Honda Projects First Loss Since 1957 - $15.7 Billion - Thanks To EV Strategy Fail Authored by Rob Sabo via The Epoch Times (emphasis ours), A reassessment of Honda Motor Co., Ltd., corporate electric vehicle (EV) strategy and planned cancellation of three EV models for the North American market could lead to losses totaling approximately $15.7 billion for its fiscal year ending March 31, the company said in a news release on March 12. A Honda SUV e: Prototype electric vehicle is displayed during a media day for the Auto Shanghai show...

US Nuclear Fusion Startup To Build Radioactive Batteries For Use In Space Authored by Ameya Paleja via Interesting Engineering, Avalanche Energy, a fusion energy startup, has won a $5.2 million contract to build radioactive batteries that can power a laptop-class system for months. The contract is part of the Defense Advanced Research Projects Agency’s Rads to Watts Program, which aims to build next-generation, compact, resilient nuclear batteries with higher densities.  An early prototype of Avalanche Energy’s radiovoltaic converter for the DARPA Rads to Watts program is exposed to high-energy ion-beam irradiation.Avalanche Fusion Radioactive...