The $5 billion hoard of metal the world wants but can’t have
12/01/2021 12:15 PMOn an industrial park about an hour’s drive toward the South China Sea coast from Ho Chi Minh City sit giant mounds of raw metal shrouded in black tarpaulin. Stretching a kilometer in length, the much-coveted hoard could be worth about $5 billion at current prices. In...
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Why the buyer of Beeple’s $69 million NFT wants everyone to make free copies of the digital art
12/01/2021 11:26 AMIn March, Beeple sold a digital collection of his art as an NFT for a record $69 million. Now, the buyer wants everyone to have a free copy. The buyer, Vignesh Sundaresan, who's also known as MetaKovan, told Bloomberg he'd be happy if everyone downloaded a copy of the...
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Deutsche Bank Bucks Bullish Oil Predictions
12/01/2021 10:27 AMDeutsche Bank expects crude oil prices to drop considerably next year, dipping below $60 per barrel in New York, the bank said in a note. "It would be misguided to think of an OPEC pause on Thursday as bullish, since we have assumed that in our model and still end up...
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Many Lower Mainland drivers running on empty – for now
11/30/2021 11:36 AMTrans Mountain Corp. last week said it hoped to have the pipeline that provides most of the oil, gasoline and diesel for southern B.C., as well as refineries in Washington state with crude oil, back in operation by now. And Canadian National Railway (TSX:CNR), which...
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Elon Musk says Raptor engine production is a ‘disaster’ that puts SpaceX at risk of bankruptcy
11/30/2021 11:14 AMOn Black Friday, SpaceX CEO Elon Musk sent an anxious email to his company’s employees, urging them to work over the weekend on SpaceX’s Raptor engine line and describing the production situation as a “crisis.” In the email, a copy of which was obtained by The Verge,...
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Oxford Professor: Official Data Shows Face Masks “Made No Meaningful Difference” to Infection Rates
11/30/2021 10:28 AMUniversity of Oxford Professor Jim Naismith asserts that despite England dropping its mask mandate in July and Scotland keeping its rules in force, official data shows this “has made no meaningful difference” to infection rates. Naismith goes on to argue that new face...
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FTC Demands Wal-Mart, Amazon & Others Participate In Supply-Chain Probe
11/29/2021 8:08 PMShortly after President Biden sat down with top executives from Wal-Mart, a handful of regional grocers and others to hold a "round table" to discuss "supply chain" issues, the FTC announced Monday afternoon that it would launch an investigation into the factors...
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Singapore piles into gold for the first since 2000
11/29/2021 7:55 PMThe central bank of Singapore increased its gold reserves by 20% this year, buying gold for the first time in two decades. The gold purchase was made between May and June, totaling 26.35 metric tons, according to the data from the Monetary Authority of Singapore's...
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Bitcoin too volatile to be adopted as legal tender, says BoE chief
11/29/2021 3:10 PMBank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin (BTC) as legal tender after President Nayib Bukele announced the launch of Bitcoin City. Bailey argued that El Salvador’s decision to adopt Bitcoin as a currency was...
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What Happens Next?
11/29/2021 9:44 AMAs we close out 2021, I want to provide you with an honest understanding of our current economic environment, the real risks we face, and the opportunities we may have. Grab some popcorn and cross your fingers. Bigger Government The most recent edition of The...
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