April 10, 2024
“… By the numbers: Bullion still makes up a large portion of global central bank reserves. …” https://www.axios.com/2024/04/08/gold-record-highs
October 9, 2023
“The Bank of Israel on Monday announced it will sell up to $30 billion in foreign reserves in a bid to support its domestic currency which has fallen sharply following the deadly incursion by Hamas militants over the weekend. The Israeli shekel last weakened… Continue Reading…
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March 31, 2022
“The White House on Thursday announced that the U.S. will release 1 million barrels of oil per day from strategic reserves to help cut gas prices and fight inflation across the country…” https://www.cnbc.com/2022/03/31/us-to-release-1-million-barrels-of-oil-per-day-from-reserves-to-help-cut-gas-prices.html This is bad. If all emergency supplies… Continue Reading…
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April 14, 2021
“JPMorgan Chase on Wednesday reported profit and revenue that exceeded analysts’ expectations on robust trading results and a $5.2 billion benefit from releasing money it had previously set aside for loan losses that didn’t develop. The bank posted first-quarter profit of… Continue Reading…
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June 25, 2019
“Legacy Reserves (LGCY -12.8%) expects there will be no recovery for shareholders as it files for Chapter 11 bankruptcy, as expected, to facilitate its previously negotiated financial restructuring. LGCY’s largest investor, Baines Creek Capital, recently launched a proxy fight to replace the… Continue Reading…
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