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Goldman Warns Diesel Crisis Is Setting Up The Next Gasoline Squeeze: Here's How
Goldman Warns Diesel Crisis Is Setting Up The Next Gasoline Squeeze: Here's How
Goldman Sachs commodity experts Yulia Zhestkova Grigsby and Daan Struyven warned in a Wednesday note that the global diesel crisis is tightening gasoline supplies as refiners prioritize higher-margin diesel production. This shift raises the risk of further gasoline price increases ahead of the US midterm elections. The US national average diesel price has already reached a record $6.40 a gallon, adding to household and business fuel costs.
"The key reason for this new recommendation is that refiners' switching...
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May 9, 2026 / Tyler Durden
Legendary Candy Company Killed After 141 Years By Soaring Costs
Legendary Candy Company Killed After 141 Years By Soaring Costs
Soaring expenses for raw materials and labor have delivered a blow to yet another longtime business, claiming Lammes Candies, a family-owned confectioner that has operated in the South for more than a century, FOX 7 Austin reports.
The Austin, Texas,-based company recently announced that it will begin an "orderly wind-down of operations" after 141 years of family ownership, according to a statement posted to its Facebook page.
"This was not an easy decision," the candy company wrote. "Lammes Candies has been more...
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May 19, 2026 / Tyler Durden
US Dept Of War Suspends Permanent Joint Board On Defense With Canada
US Dept Of War Suspends Permanent Joint Board On Defense With Canada
Authored by 'sundance' via The Last Refuge,
Remarkably, many news articles are citing confusion in trying to understand why U.S. Undersecretary of War, Elbridge Colby, announced the suspension of U.S. participation in the Permanent Joint Board on Defense with Canada.
However, the announcement comes immediately after his meeting with U.S. ambassador to Canada, Pete Hoekstra, at the Pentagon and the comment, “we’re working closely to ensure every NATO partner, including Canada, reaches the Hague Summit’s 3.5% GDP defense spending target, a vital investment for...
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Jun 5, 2026 / Tyler Durden
Coinbase To Launch Token-Backed Mortgage Down-Payments This Summer
Coinbase To Launch Token-Backed Mortgage Down-Payments This Summer
Authored by Turner Wright via CoinTelegraph.com,
Cryptocurrency exchange Coinbase will allow qualified borrowers to pledge digital assets to fund Fannie Mae-backed mortgage apartments beginning this summer.
In a Thursday notice, Coinbase and its partner, Better Home & Finance, said the mortgage structure plan launching “by summer 2026” will allow borrowers to initially use Bitcoin (BTC) or USDC (USDC) as collateral for loans to fund down payments for homes. The initiative, first announced in March, represented a significant shift in companies allowing digital assets to be used for...
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