Key Takeaways: On May 2, China’s MOFCOM invoked the Blocking Statute against U.S. OFAC sanctions on 5 local oil refiners. SMU’s Henry Gao notes this 1st use of the statute since 2021 forces global companies to pick between markets. Next, Chinese firms can sue for losses from these sanctions, as Beijing might prepare countermeasures. China’s…
Warren Buffett used the 2026 Berkshire Hathaway shareholder meeting to warn investors about rising speculation across markets. Summary Buffett said investors are showing a stronger gambling mood across volatile markets and short-term trades. He criticized one-day options, calling them gambling rather than investing based on business value. Greg Abel led Berkshire’s meeting as Buffett’s warning…
There is a $100 price difference between the Artisan Plus and Artisan models. However, the Artisan Plus’s features are small but mighty, and make the cost difference seem like a bargain, especially in higher-stakes recipe scenarios. This upgraded model has a more powerful 350-watt motor compared to the Artisan series model’s 325 watts. With the…
The investment scheme BG Wealth Sharing Ltd., previously flagged by the Philippine Securities and Exchange Commission (SEC) as a Ponzi scheme, has seemingly collapsed. Following months of soliciting investments from overseas Filipino workers (OFWs) and global retail investors, the platform has halted withdrawals. Concurrently, US federal authorities have seized its primary web domain, and regulators…
## Market Snapshot The “Fall of the Iranian Regime” market is currently priced at 2.8% YES for a May 31 resolution. The “Iran leadership change by December 31” market stands at 33.5% YES, while the “Iran leadership change by May 31” market is at 8.5% YES. ## Key Takeaways – The large gathering in Karachi…
When Spirit Airlines shut down overnight Saturday — canceling all flights, letting go of 17,000 employees, and telling ticketholders to just not come to the airport — people were flabbergasted but also bereft. For all its indignities, Spirit was cheap. Then one of them had an idea. Hunter Peterson, a voice actor with frequent flyer…
Key Takeaways: Kevin Warsh cleared a 13-11 Senate Banking Committee vote on April 29, replacing Powell as Fed Chair in May 2026. Polymarket traders priced a 96% chance the Fed holds rates steady at the June 17 FOMC meeting. Warsh signals rate cuts tied to AI productivity gains, but inflation at 3.3% may limit his…
While generating a net profit above $1.04 billion, Tether’s excess reserve buffer hit a record $8.23 billion, concentrated in short-duration liquid instruments. The leading stablecoin issuer has released its attestation report for the first quarter of 2026, revealing a net profit of more than $1 billion. The company was able to generate such profit…
Everyone has at least one bad breakup they’d rather forget. For Olivia Rodrigo’s character Saturday night, that breakup was very much front and center. The sketch finds Rodrigo at a party, freshly face-to-face with an ex she’s determined to make jealous. Her solution is to recruit the perfectly nice, completely game guy standing next to…
Bitcoin failed to hold its weekend move near $79,000 as traders weighed the latest FOMC decision, U.S.-Iran tension, and mixed altcoin action. Summary Bitcoin rejected near $79,000 as traders stayed cautious after the Fed left rates unchanged again. Iran peace talks affected risk appetite, limiting Bitcoin’s follow-through despite support near $78,000 this week. XRP held…
