Oil rallies after OPEC+ decision to gradually increase production
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The price of crude surged nearly 4% on Friday, following a decision by the Organization of the Petroleum Exporting Countries and its allied producers (OPEC+) to add more than two million barrels per day to the market by July. Read Full Article at RT.com
S&P 500 crosses 4,000 for the first time after Biden unveils $2.25 trillion spending plan for infrastructure
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Technology shares, led by chipmakers, have seen major gains as investors’ sentiment lifted on strong optimism about US economic growth, along with a buoyant earnings outlook by US computer chip maker Micron. Read Full Article at RT.com
We’re becoming one with the data: Keiser Report looks at a reality where EVERYTHING is spying on us
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Max Keiser and Stacy Herbert discuss surveillance capitalism – “the panopticon built by private corporations” – which is collecting and selling the data of their customers. Read Full Article at RT.com
Goldman set to join bitcoin stampede with plans to offer cryptos to wealthy investors
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Banking powerhouse Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its private wealth management group, CNBC reported, citing an internal company memo. Read Full Article at RT.com
The future of US liquefied natural gas hangs in the balance
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US liquefied natural gas has the potential to be vital geopolitical tool for the US, and a key part of its energy future, but the emissions associated with the fuel may become a problem. Read Full Article at RT.com
Boom Bust explores what Biden’s $2 TRILLION infrastructure plan is all about
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US President Joe Biden is expected to unveil a massive infrastructure spending plan, the first of a two-part proposal to help the nation's economy recover from the coronavirus pandemic. Read Full Article at RT.com
One bitcoin will be worth a Lamborghini by year's end, and a Bugatti by 2023 – Kraken CEO
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The dollar-based long-term price predictions for bitcoin are flawed, according to cryptocurrency exchange Kraken’s CEO Jesse Powell. He proposes measuring bitcoin in luxury car prices, due to the inflationary nature of fiat money. Read Full Article at RT.co
Russian economy set to perform better than expected after Covid-19 crisis – World Bank
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The World Bank has raised its outlook for the Russian economy. Despite existing sanctions and pandemic-linked risks, it expects the country’s gross domestic product (GDP) to grow by around 3%. Read Full Article at RT.com
Cryptos stride further into mainstream as new PayPal feature lets users pay with bitcoin, ethereum & more
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PayPal has rolled out a new service which introduces cryptocurrencies as a form of payment and enables US buyers to use their crypto holdings to pay for goods with millions of online merchants. Read Full Article at RT.com
Is Brexit-induced red tape going to stop UK exports to Europe? RT’s Boom Bust finds out
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A recent poll conducted by the Federation of Small Businesses showed that one in four small UK exporters had to halt sales to customers in the European Union due to red tape caused by Brexit. Read Full Article at RT.com
‘Parabolic rise’ coming: Gold & silver will take off again, former financial analyst tells Keiser Report
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Max Keiser interviews the author of ‘The coming collapse of the dollar’, John Rubino, about the relative weakness of gold in a time of endless money printing. Read Full Article at RT.com
Global banks bracing for losses amid US hedge fund collapse
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World banks may lose over $6 billion from the downfall of the US investment firm Archegos Capital, sources told Reuters. Regulators are closely monitoring the situation as panic spreads about the possible scale of the fallout. Read Full Article at RT.com
Southwest orders 100 Boeing 737 MAX planes while air travel demand still erratic
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US carrier Southwest Airlines announced on Monday an agreement to buy 100 of Boeing’s 737 MAX 7 planes as it plans to retire older jets. It is the largest order for the troubled jet since its grounding in 2019. Read Full Article at RT.com
Visa settles 1st payment transaction with crypto in ‘milestone’ move for industry
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International payment system Visa has announced that it’s testing the ability to settle payments in USD Coin (USDC), becoming the first major payment platform to accept transactions directly in the stablecoin. Read Full Article at RT.com
‘Catastrophic consequences for people’s lives’: Debt crisis looming for developing world due to Covid response, UN chief warns
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The world faces severe problems of debt sustainability in the wake of the coronavirus crisis that have not been properly understood or addressed, United Nations (UN) Secretary-General Antonio Guterres told the Financial Times. Read Full Article at RT.com
Wall Street banks ditch $19 billion of stocks in ‘unprecedented’ block trade selloff – media
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Goldman Sachs and Morgan Stanley have reportedly sold $19 billion worth of shares in Chinese tech and US media companies. Traders are now wondering what caused the unusually massive move and whether it will continue next week. Read Full Article at RT.com
Russia promotes Arctic sea route as viable alternative to blocked Suez Canal
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The Northern Sea Route could become an effective alternative to the Suez Canal, which has been completely shut down since Tuesday, state nuclear energy corporation Rosatom said in a series of half-joking tweets. Read Full Article at RT.com
Tunnel vision? Boom Bust explores Elon Musk’s idea to solve traffic congestion in Miami
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City of Miami Mayor Francis Suarez expressed optimism about billionaire Elon Musk’s proposal to dig a two-mile tunnel under the city to solve its traffic problem. The $30 million tunnel could be built in just 6 months, says Musk. Read Full Article at RT.com
Traffic jam at Suez Canal sends global shipping costs soaring
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Costs of overseas shipments are rapidly rising, as the massive container ship wedged in the Suez Canal is holding up billions of dollars-worth of goods, forcing logistics firms to reroute cargos away from the crucial waterway. Read Full Article at RT.com
Why blockage of Suez Canal could have rollover effect on oil price
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At least $400 million worth of crude oil as well as liquefied natural gas (LNG), refined fuels, and containers full of goods have come to a standstill, after a massive container ship ran aground in the Suez Canal on Tuesday. Read Full Article at RT.com
Sounds very Trumpian! RT’s Boom Bust looks at Trump’s plan to start ‘biggest’ & ‘best’ social media network
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This week was marked by a bombshell dropped by a spokesperson for former US president Donald Trump, Jason Miller, who said that Trump is coming back to social media – but this time on his own network. Read Full Article at RT.com
Bitcoin could become ‘outlawed the way gold was outlawed’ in 1934 – Ray Dalio
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The world’s top cryptocurrency, bitcoin, is enjoying its moment in the sun, but could soon face major resistance by governments looking to rein in the decentralized currency, says the founder of Bridgewater Associates Ray Dalio. Read Full Article at RT.com
Oil nosedives as concern over third wave of Covid-19 crushes demand
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The price of crude plummeted by over 4% on Tuesday, with concerns that new coronavirus curbs and slow vaccine rollouts in Europe will hurt a recovery in demand. Read Full Article at RT.com
Ultimate spying gadget? Boom Bust explores Chinese concerns over Tesla cars
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As Tesla’s growing operations expand in China, CEO Elon Musk has vowed to halt production immediately if it ever emerges that his products are being used for spying. Read Full Article at RT.com
Asian LNG buyers could form the world’s next energy cartel
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Global demand for liquefied natural gas will grow to 700 million tons annually by 2040 from 360 million tons last year, Shell said in its LNG Outlook 2021. As much as 75% of this demand growth will come from Asia. Read Full Article at RT.com
Russia prepared for possibility of being cut off from SWIFT, Kremlin says
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With anti-Russian sanctions gathering momentum, particularly in the US, President Putin's press secretary Dmitry Peskov says he does not exclude the possibility of Russia being unplugged from the SWIFT financial network. Read Full Article at RT.com
Bitcoin winter coming? World’s top crypto may hit $300k but when bubble bursts, declines will last for years, entrepreneur says
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The price of the world’s highest-valued cryptocurrency, bitcoin, could skyrocket as high as $300,000 in the current bull market based on its historical patterns, says Bobby Lee, co-founder and former CEO of crypto exchange BTCC. Read Full Article at RT.com
India’s growing demand for oil and its plans to rely less on crude from its biggest supply region, the Middle East, is set to support demand for oil tankers traveling on longer routes to the world’s third-largest oil importer. Read Full Article at RT.com
Saudi Aramco profits nearly cut in HALF as pandemic woes cripple oil markets
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Saudi state-controlled oil giant Aramco said last year’s profits saw a dramatic drop to $49 billion as the Covid-19 pandemic turned 2020 into one of the hardest years for one of the world’s most valuable companies. Read Full Article at RT.com
Saudi Aramco profits nearly cut in half as pandemic woes cripple oil markets
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Saudi state-controlled oil giant Aramco said last year’s profits saw a dramatic drop to $49 billion as the Covid-19 pandemic turned 2020 into one of the hardest years for one of the world’s most valuable companies. Read Full Article at RT.com
Italy should ramp up efforts to localize manufacturing in Russia to catch up to rival Germany, national business lobby says
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Russia could easily become a production site for Italian companies that are actively exporting to Eurasian markets and outside, according to Ernesto Ferlenghi, vice president of the General Confederation of Italian Industry. Read Full Article at RT.com
UN raises global economic growth outlook on increased US consumer spending
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Global economic growth will accelerate faster than expected this year, according to renewed data announced by the United Nations Conference on Trade and Development (UNCTAD). Read Full Article at RT.com
Shooting for the stars: Boom Bust explores the future of blockchain technology in the space industry
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Space exploration used to be almost entirely exclusive to governments, but private firms have also joined the race, with competition picking up in recent years. Read Full Article at RT.com
China has secured the top spot in the world’s rating of nations with most wind power facilities installed in 2020, the Global Wind Energy Council (GWEC) said in its latest report. Read Full Article at RT.com
Asia to account for 90% of global oil demand growth through 2025 – IEA
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Despite speculation that oil demand peaked in 2019, before the global pandemic hit the industry hard, a new IEA report suggests this assumption may have been overstated as demand is set to continue increasing until 2026. Read Full Article at RT.com
Why did Washington sanction Beijing officials over Hong Kong just hours before talks? RT’s Boom Bust finds out
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The White House sanctioned 24 Chinese officials just a day before US Secretary of State Antony Blinken’s meeting in Alaska with top Chinese diplomats. Read Full Article at RT.com
Banks figure out new ways to rip people off by changing laws to get away with it – Max Keiser
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Max and Stacy look at the endless money-printing by the US Federal Reserve, discussing the future of the latest stimulus checks and the role of banks in all of that. Read Full Article at RT.com
‘Gold symbolizes strength of the country’: Poland plans to add more bullion to its coffers
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Poland wants to buy at least 100 tons of gold in the coming years to demonstrate the country’s economic strength, said the president of the central bank, Adam Glapinski. Read Full Article at RT.com
Covid-19 pandemic can’t be over until it is over EVERYWHERE, preventive medicine expert tells Boom Bust
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With the global vaccine rollout well underway, concerns are growing as to whether Covid will continue to be a problem worldwide if developing countries and the poorer nations don’t readily have access to them. Read Full Article at RT.com
India to cut Saudi oil imports amid escalating standoff over output & diversification drive
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Indian state refiners are planning to cut oil imports from Saudi Arabia by about a quarter in May, Reuters has reported, citing its sources. This comes after calls from India to increase crude production were ignored by OPEC. Read Full Article at RT.com
