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Shorts Beware? China's Plunge Protection Team Stabilizes Stocks With $15 Billion Swap Rescue Plan
Shorts Beware? China's Plunge Protection Team Stabilizes Stocks With $15 Billion Swap Rescue Plan
China's version of the Plunge Protection Team is coming out swinging Monday morning, after the central bank announced earlier today that it would inject a new round of a $15 billion swap facility to rescue stocks from a vicious bear market. After markets closed, the People's Bank of China said it would hold a one-year swap auction Tuesday, with 31 brokerages and funds applying for quotas totaling more than $15 billion. The facility lets financial firms exchange...
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Aug 6, 2026 / Tyler Durden
DoorDash Wins Federal Approval To Fly Its Own Delivery Drones
DoorDash Wins Federal Approval To Fly Its Own Delivery Drones
Via American Greatness,
DoorDash has cleared a major federal hurdle in its push to put drones, not just drivers, in charge of getting dinner to your door.
The San Francisco-based delivery company announced July 29 that it received Federal Aviation Administration Part 135 air carrier certification, the same category of authorization commercial airlines must hold to legally transport other people’s property for pay. The certificate makes DoorDash the eighth drone operator to earn the designation and clears the way for its new in-house...
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Oct 30, 2026 / Tyler Durden
Russia Hawks Rage With Lavrov In Atlanta For G20 Meeting
Russia Hawks Rage With Lavrov In Atlanta For G20 Meeting
Russian Foreign Minister Sergey Lavrov is in Atlanta on Friday for the G20 meeting of Foreign Ministers, after a flight that reportely took 20 hours, given his plane had to avoid traversing airspace of unfriendly countries which have sanctions on Russia, including its aviation.The G20 Atlanta meeting is set to run through Saturday, in anticipation of the later final G20 leaders' summit in Miami, scheduled for December 14-15.
Russian MFA
President Putin has reportedly been issued an invitation to attend the Miami...
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Mar 29, 2026 / Dave DeCamp
‘First Time in Centuries’: Israeli Authorities Block Latin Patriarch From Holy Sepulchre on Palm Sunday
The Latin Patriarch of Jerusalem, Cardinal Pierbattista Pizzaballa, was stopped by Israeli police from entering the Church of the Holy Sepulchre in East Jerusalem to celebrate Palm Sunday Mass, which marks the start of Holy Week for Christians around the world. According to a statement from the Latin Patriarchate of Jerusalem and the Custody of […]
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