Black Swan Investor Warns AI Rally Will End in Crash
Mark Spitznagel is warning that the artificial intelligence boom could end in the largest market collapse of his lifetime, but the Universa Investments founder is making a less conventional call before that happens: he thinks risk assets may first stage another major rally. Spitznagel told Business Insider that he agrees with Michael Burry’s concerns over excessive investment […]
Philippine Courts Order Arrests of Vice President, Ex-House Speaker
Within three days, Philippine courts issued arrest warrants against two of the most powerful figures from the coalition that carried Ferdinand Marcos Jr. to the presidency in 2022: sitting Vice President Sara Duterte and former House Speaker Martin Romualdez, Marcos’s cousin. The cases are unrelated, but together, however, they place both a leading Marcos rival […]
Software Bug Lets Actors Drain 95% of Liquid’s Bitcoin Reserve
Nearly 95% of the Bitcoin held in Liquid Network’s federation wallet was removed through a withdrawal process that its operator says used a valid authorization key that had not been compromised, shifting the focus of the $320 million incident from stolen credentials to a failure in the software governing what could be redeemed. Around 4,000 BTC left […]
Jaguar Land Rover Cuts 4,000 Jobs as Tariffs Bite
Jaguar Land Rover is cutting around 4,000 jobs as it attempts to lower its break-even volume to roughly 300,000 vehicles, a threshold only 7,915 units below the automaker’s entire 2026 wholesale volume. The Range Rover and Defender maker confirmed that the reductions will take place globally over the next two years, primarily through a voluntary redundancy […]
Sponsored · Altamira Gold Corp.
Saudi Aramco Assesses Damage After New Strike on Jizan Facilities
For the second time this month, Saudi Aramco has come under attack at its Jizan refinery, with a fresh strike hitting the facility on Monday, according to reports citing sources familiar with the matter. Damage is still being assessed by the state energy giant, and several explosions were reported at the site by multiple sources. […]
Sigma Lithium Sees Mining License Suspended After Brazilian Court Order
Sigma Lithium (TSXV: SGML) has been ordered to stop mining at Grota do Cirilo after a Brazilian judge suspended the environmental licences underpinning the operation, sidelining the company’s sole revenue-generating asset while the courts sort out a dispute over a map. The injunction, issued Friday by Judge Antonio Lucio Tulio de Oliveira Barbosa, came in […]
China’s Central Bank Buys the Most Gold Since October 2023
Roughly 20.2 metric tons of gold flowed into China’s reserves in August, extending Beijing’s steady effort to shift its holdings away from dollar assets and keeping alive one of the market’s most durable sources of demand. That 650,000 ounce addition pushed the People’s Bank of China’s holdings to 76.73 million ounces, up from 76.08 million […]
Record Korean Exports Push The Won To A Two-Year High
South Korea’s exports just topped all of last year’s total, and we’re only in the third quarter.
Sponsored · Selkirk Copper Mines
Hong Kong’s Russian Gold Imports Triple As Western Sanctions Bite
Western banks and refiners could face their own exposure if this gold gets mixed into the wrong supply chain.
Five Dead, Five Hurt In Miami Cargo Plane Accident
Flight-tracking data shows how fast the plane was moving when it left the runway, and air traffic control audio raises questions about what happened before landing.