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Baltic Dry Index Nears Breakout As "Perfect Storm" In Global Shipping Emerges
Baltic Dry Index Nears Breakout As "Perfect Storm" In Global Shipping Emerges
The daily benchmark measuring the cost of shipping raw materials across major global maritime routes is breaking out to a nearly three-year high this week, as Bloomberg reports that typhoons are squeezing the supply of Capesize vessels just as mining companies increase iron ore shipments across the Pacific and Atlantic.
The Baltic Dry Index, which tracks freight rates for several vessel classes, including Capesize, Panamax and Supramax vessels, jumped 5.5% to 3,331 points in London on Wednesday, its highest...
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Apr 28, 2026 / Tyler Durden
DOJ Sues Cloudera For Deliberately Excluding American Workers From High-Paying Tech Jobs
DOJ Sues Cloudera For Deliberately Excluding American Workers From High-Paying Tech Jobs
The Justice Department on Tuesday sued Cloudera Inc., accusing the enterprise data and artificial intelligence company of deliberately engineering a hiring process that excluded American workers from at least seven lucrative technology positions while the firm pursued permanent residency sponsorship for foreign workers on temporary visas.
In a 14-page complaint filed with the Office of the Chief Administrative Hearing Officer, the department’s Civil Rights Division alleges that Cloudera, from March 31, 2024, through at least January 28, 2025, instructed...
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Sep 2, 2026 / Tyler Durden
The West's Answer To Break China's Tungsten Stranglehold Before Historic Rearmament Cycle Ramps
Mar 27, 2026 / Tyler Durden
Will QatarEnergy's LNG Fiasco Derail Goldman's Prewar View Of A Mega LNG Wave
Will QatarEnergy's LNG Fiasco Derail Goldman's Prewar View Of A Mega LNG Wave
Global energy flows are being rewired across Eurasia as the Russia-Ukraine war and the latest U.S.-Iran conflict disrupt Gulf energy flows in what may be the worst energy shock on record.
One major new development is that roughly 20% of global LNG flows remain shut in the Gulf region because of the Hormuz chokepoint, with QatarEnergy warning last week that 17% of its LNG export capacity could be offline for three to five years.
That brings us to Goldman commodities...
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