PODCAST · business
Nobody Special Finance
by Nobody Special Finance
Business and finance news and analysis every day.
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331
China Vanke Property Losses Grow, Japanese Pensions to Prop Up Yen
The collapse of the Chinese housing market is still getting worse five years after the demise of Evergrande. China Vanke, once the biggest developer in China, has filed a report with regulators stating that their losses in the first half of the year will exceed those from a year ago due to decline sales and asset impairments. Meanwhile Japanese regulators have a new plan to shore up the falling Yen: other people's pension money.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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330
European Car Makers are Dying, Hormuz Traffic Grinds to a Halt
Yesterday it was Mercedes and today it's Porsche and Volkswagen. European carmakers are being crushed by a combination of US tariffs, oversupply of cheap Chinese EVs, and the high cost of doing business in Europe. Meanwhile the traffic through the Strait of Hormuz has ground to a halt after two days of renewed fighting between the US and Iran.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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329
Trump Says Iran Ceasefire is Over, Japan Payment Provider Collapses
Oil rose and stocks fell after President Trump said the Iran Ceasefire was effectively over during a press conference at the NATO summit in Turkey last night. Meanwhile Zentoshin, a Japanese payments processor that services over 200,000 merchants has collapsed triggering concern about contagion risk for regional banks and secondary bankruptcies among the small businesses it serves.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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328
Samsung's 19X Earnings Growth Disappoints...Somehow
Samsung stock sold off overnight despite posting a mind-boggling 19 fold increase in quarterly profits due to the ongoing memory shortage caused by the AI bubble. The volatility in South Korean chip stocks continues to blow circuit breakers on a near-daily basis.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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327
Strategy Reports Sale of 3,588 Bitcoin and $8.3B Unrealized Loss
The price of Bitcoin is falling once again this morning after an 8K from Michael Saylor's Strategy revealed that the company had sold thousands of bitcoin over the prior few days to fund dividends, as well as the departure of the Chief Accounting Officer and $8.32 billion in unrealized losses on their bitcoin hoard.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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326
Blackstone Pulls Out of Massive Virginia Datacenter, Private Credit Goes From Bad to Worse
Blackstone has pulled out of a massive $100 billion datacenter project in Prince William County, Virginia, the second firm to do so after Brookfield pulled the plug in May. Meanwhile the Private Credit industry has gotten even worse in the second quarter as investors requested more money than last quarter while getting back less.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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325
Jobs Report Disappoints, Meta's Overcapacity Triggers Bubble Fears
The June Jobs report showed the US economy added roughly half as many jobs as the market was expecting, not to mention significant downward revisions to the numbers from April and May. Meanwhile Meta's plan to sell excess AI compute capacity has thrown the AI bubble into chaos as the narrative of "insatiable demand" falls apart triggering a selloff in neocloud stocks and chip makers.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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324
Trump Made Over a Billion Dollars on Crypto Since Taking Office
President Trump has released a 927 page financial disclosure form for 2025 that shows the president made over $1.2 billion from his various business interests, in particular his crypto ventures which didn't end well for the investors who bought them.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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323
Supermicro's Taiwan Office Raided for Chip Smuggling
The Taiwan office of Supermicro Computer was raided yesterday along with three affiliated companies and the homes of six individuals in a widening probe of illegal sales of AI servers containing Nvidia GPUs to China.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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322
Strategy to Sell Bitcoin and Buyback Stock, BIS Warns on AI Bubble
Michael Saylor's Strategy has published a press release detailing their plans to raise cash to cover dividends and debt service cost as well as buyback company stock and digital credit securities, all paid for by selling bitcoin. Meanwhile the Bank of International Settlements is warning that the AI Bubble could trigger and economic calamity...if only somebody had warned us about this years ago.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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321
South Korean Stocks Tank Again After Apple and OpenAI News
The rampant volatility in global tech stocks in continuing this morning after another selloff in South Korean stocks triggered market circuit breakers. News of Apple raising prices due to memory shortages and OpenAI potentially delaying their IPO sent tech stocks reeling once again as the AI Bubble continues to show signs of weakness.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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320
Tech Stocks Rally on Micron Earnings, PCE Inflation Hits 4.1%
Micron's big beat and raise last night is driving the Nasdaq sharply higher this morning. Meanwhile Personal Consumption Expenditures (PCE) showed inflation rising to 4.1% year over year in May.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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319
SK Hynix Massive $29B US Listing, Wendy's is Latest Meme Stock
South Korean memory chip maker SK Hynix is joining in on the big tech stock issuance frenzy with a plan to sell $29B worth of ADRs to US investors. Meanwhile shares of fast food maker Wendy's are ripping this morning as the reddit traders appear to have engineered a short squeeze.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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318
Brutal South Korean Selloff Spreads to US Tech Stocks
South Korean stocks took a beating overnight after a selloff that began with SpaceX and US hyperscalers spread across the pond triggering a 10% decline in the KOSPI index. That panic is continuing this morning with the Nasdaq off by more than 900 points ahead of the opening bell.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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317
Hormuz Traffic Increases, Starmer Resigns as UK Prime Minister
It was a volatile weekend for the Strait of Hormuz that saw wild swings in both tanker traffic and the rhetoric between the US and Iran. Meanwhile UK Prime Minister Keir Starmer has resigned paving the way for Andy Burnham to become the sixth UK Prime Minister in 7 years.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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316
The Iran Deal is Falling Apart Already
Well that didn't take long.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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315
Warsh Surprises Market With Succinct, Hawkish Tone at First FOMC
Kevin Warsh AKA Kurt Hawk had very little to say at his first FOMC press conference yesterday. But what little he did say made one thing abundantly clear: rate hikes are coming.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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314
Warsh Faces First FOMC, Microsoft Walks Away From Oracle Deal
Kevin Warsh was installed at Chairman of the Federal Reserve for the sole purpose of cutting rates which now looks increasingly unlikely due to rising inflation. That's something Warsh will be pressed on today during his first FOMC press conference as Chairman. Meanwhile Microsoft has reportedly walked away from a multi-year, multi-billion dollar cloud deal with Oracle.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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313
SpaceX Buying Cursor as Valuation Surpasses $2.5 Trillion
SpaceX is buying AI Coding startup Cursor for $60B and I have two questions: First: Why? Why buy a company that loses money even faster than they do. Second: What does this mean for Anthropic now that one of their biggest competitors is buying their biggest customer?Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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312
Oil Plunges, Stocks Rally on Iran Deal Rhetoric
Stop me if you've heard this one: stocks are ripping and oil is plunging as the US and Iran are closer than ever to a deal to end the war and restore the flow of oil through the Strait of Hormuz.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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311
The SpaceX IPO is Here, Oil Falls as Jawboning Intensifies
SpaceX, the biggest IPO in history has finally arrived. Meanwhile oil is falling sharply this morning after yet another episode of jawboning about a peace deal with the Iranians.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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310
PPI Rises to 6.5%, Oracle Tanks On Equity Raise and Cash Burn
The Producer Price Index rose more than expected to 6.5% year over year indicating the worst of inflation remains in front of us. Meanwhile Oracle stock is selling off after the company's earnings report was overshadowed by more debt, stock dilution, and cash burnt on datacenters.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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309
May CPI Hits 4.2%, Softbank Struggles to Borrow Against OpenAI
The US inflation rate reached 4.2% in May, in line with expectations but still up from the 3.8% reading in April. Meanwhile AI Bubble financier Softbank is reportedly struggling to borrow against it's OpenAI shares concerns over OpenAIs valuation mount ahead of it's IPO. Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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308
OpenAI Files For IPO, Korean Stocks Stage Dramatic Rebound
OpenAI has confidentially filed for their IPO, joining SpaceX and Anthropic in what will be the largest series of public offerings in history. But behind the hype, there is disagreement in the C-Suite at OpenAI about when to go public. Meanwhile South Korean stocks staged a dramatic rebound yesterday, rallying 8.2% after falling 8.4% a day earlier. Volatility on this scale has never been seen outside of a major economic crisis.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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307
Korean Index Selloff Trips Breakers, Trump Ponders AI Bubble Bailout
The South Korean fell by a shocking 8.4% in less than 3 minutes after the open yesterday, triggering circuit breakers that halted trading just seconds after the opening bell as over-leveraged day traders who piled into AI Bubble stocks were liquidated in a cascade of relentless selling. Meanwhile President Trump is already working on a preemptive bailout for the AI Mania, saying the US govt would "invest" in AI companies and possibly even pay dividends to tax payers.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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306
US Added 172K Jobs in May With Big Upward Revisions Too
The US economy added a 172,000 jobs in the month of May, smashing expectations for just 85k. On top of that there was a combined 93K in upward revisions to the April and March jobs numbers. So what could explain this sudden surge in job growth?Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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305
Brutal Bitcoin Selloff Continues, Broadcom Earnings Disappoint
The selloff in bitcoin is now entering it's fourth day with losses of roughly $10,000 as Michael Saylor's STRC slowly transistions from infinite money glitch to cascading doom loop. Meanwhile Broadcom is selling off hard after disappointing guidance put a damper on the relentless rally seen in tech stocks since mid March.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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304
EXPOSED: SD Bullion Execs Running "Independent News" Website Pumping Silver Without Disclosure
It's time we talk about SilverTrade, a relatively new website that calls itself "your trusted source for precious metals news" while making the commitment that they are "independent" and "research driven." The problem is the website is run by founders and executives of SD Bullion, one of the big 3 US bullion dealers. This is not disclosed anywhere and now they're on X spinning stories about being paid above spot for silver while their own website is currently offering well below spot on everything. As always, Nobody Special brings receipts.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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303
Oil Rises as "Ceasefire" Escalates, Tariffs are Back on The Menu
Oil is up nearly $10 from Friday's close as the not-conflict in the middle east continues to escalate despite reassurances that peace could break out at any minute. Elsewhere, President Trump is out with a new set of tariffs this morning just as the older tariffs expire and the ones before that were struck down by the Supreme Court.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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302
Google Raises $80B For Datacenters, Anthropic Files For IPO
Google is diluting shareholders to the tune of $80B in order to raise the cash needed to continue building out datacenters. This comes just a month after reporting record (paper) earnings and announcing a $70B stock buyback. Meanwhile Anthropic has confidentially filed with the SEC for it's IPO, the second of three record-smashing IPOs expected this year.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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301
Saylor's Strategy Sells Bitcoin For First Time Since 2022
Michael Saylor's Strategy has sold bitcoin for the first time since 2022 to fund distributions for it's preferred stock, STRC. Sometimes infinite money glitches aren't so infinite.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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300
Anthropic Deal Crams Private Credit, Roundtripping and SPVs into One Bag
The latest private credit deal being shopped around by Apollo and Blackstone to help Anthropic buy chips from Google and Broadcom is every accounting red flag you can imagine crammed into the same bag.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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299
PCE Inflation Rises to 3.8% as Missiles Keep Flying in the Gulf
Personal Consumption Expenditures (PCE), the Fed's preferred measure of inflation, rose to 3.8% in April after hitting 3.5% in March. Meanwhile missiles continue to fly in the Persian Gulf and yesterday's announcement of an MOU between the US and Iran once again proved to be fake news.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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298
Memory Stocks Join The Trillion Dollar Club, Oil Falls Again
Micron and SK Hynix are the latest to join the Trillion Club as the blow off in memory stocks continues this morning. Meanwhile oil has fallen sharply as the Mideast Hopium Trade continues to move markets.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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297
Still No Iran Deal, TokenMaxxing Balloons AI Spend With No ROI
We've been minutes away from an Iran deal for the last 3 days and now we're shooting at each other again. For some reason oil is lower on this news. Elsewhere the transition to token-based pricing at AI companies like Anthropic and OpenAI is causing many companies to blow through their AI budgets much faster than expected with little to show for it. Now one by one those companies are rethinking their spending on AI.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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296
Oil Falls on Iran Talks: Progress or More Jawboning?
Oil is lower and stocks are again making records this morning on high hopes about an agreement between the US and Iran. Stop me if you've heard this one before...Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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295
Market Shrugs Off Nvidia Earnings Blowout, SpaceX Files IPO
Nvidia posted a near-perfect quarter and once again nobody cares because eventually watching the same money go around in circles gets boring. Meanwhile SpaceX is seeking up to a $2 trillion valuation according to yesterday's IPO filing. Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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294
Stocks Rise Ahead of Nvidia Earnings, Samsung Workers To Go on Strike
Stocks are higher this morning as the market waits Jensen Huang and his stupid jacket to tell us if we'll have 3 more months of the AI bubble. Meanwhile 47,000 Samsung workers are set to go on strike which certainly won't help the already sky high memory prices.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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293
Koreans Go Full FOMO, Home Depot Earnings Flat as Consumers Struggle
South Koreans are borrowing money, emptying savings, and even cashing in life insurance policies to buy tech stocks at all time highs. What's the worst thing that could happen? Don't answer that.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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292
Oil Drops After Iranian Media Claims US Offered Sanctions Relief
Oil abruptly reversed earlier gains after Iranian news reported that the US had offered to temporarily suspend oil sanctions as part of negotiations to end the war. While this story remains unconfirmed, it is moving markets with stocks reversing losses and bond yields falling slightly from overnight highs.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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291
Global Bonds Sell Off Amid Oil, Inflation, Rate Hike Risks
Interest rates are rising worldwide this morning as bonds sell off amid growing inflation fears driven primarily by energy shortages resulting from the Iran war. Worries of Fed rate hikes, political uncertainty in the UK and talk of further stimulus in Japan is adding to those concerns.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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290
The Trump Xi Summit Could Have Been an Email
The much anticipated summit between US President Donald Trump and Chinese President Xi Jinping is off to a snoozing start.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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289
PPI SHOCK! April Producer Inflation Blows Past Expectations
PPI came in WAY higher than expected as producer prices were hit hard by the energy shock from the Iran war in April. Meanwhile India just doubled their tariffs on gold in an effort to defend their flailing currency which is also being clobbered by higher energy prices. Subsribe to Danny Dehek's channel on YouTubeSupport the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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288
CPI Shows Inflation Higher Than Expected Driven By Energy
Inflation came in slightly higher than expected primarily due to energy costs but with Core CPI also rising more than expected.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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287
Indian PM Modi Says Don't Buy Gold, Work From Home, and Carpool
India's Prime Minister, Narendra Modi, has told citizens to stop buying gold, work from home, and carpool to save fuel in an effort to preserve the countries dwindling forex reserves as higher oil prices are begin to cause dollar shortages in countries dependent on fuel imports.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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286
Iran Seizes Own Ship as Not-War Escalates, Coreweave Lost Money Again
Iran seized a Chinese tanker carrying Iranian oil today (because reasons?) after yesterday saw the most intense naval combat in the Strait of Hormuz since the not-war began. Meanwhile Coreweave posted it's quarterly losings report, and it was worse than expected...as expected.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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285
DOJ Probes Suspicious Oil Trades, Japan's Second Yentervention
The DOJ has announced they are investigation billions of dollars worth of oil trades that coincided with significant geopolitics announcements regarding the war in Iran and the Strait of Hormuz. Meanwhile Japan has intervened to strengthen the Yen for the second time in 3 days.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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284
Oil Dips, Stocks Rip as War Ends for Fifth Time in 19 Days
The market is risk on this morning on news that the war in Iran is ending, probably, for the fifth time in 3 weeks according to another anonymously sourced article from the same journalist who write the same thing the last four time.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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283
HSBC Takes Big Hit From MFS Fraud, The Ceasefire Has No Clothes
The rampant mortgage fraud at Market Financial Solutions has taken a $400M chunk out of HSBC this morning in the latest "isolated event." Elsewhere the world just kinda pretending that the ceasefire in Iran is still a thing, even as missiles crisscross the sky above.Link to my video about Market Financial Solutions.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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282
Oil Spikes Then Dips on Conflicting Reports, Spirit Airlines is Dead
Oil spiked at 6 AM eastern time this morning when the Iranian government claimed they hit a US warships with missiles in the Strait of Hormuz only to see oil give up half those gains minutes later when the US denied the story. Nice ceasefire you got there. Elsewhere, Spirit Airlines has officially shut down operations, stranding passengers and crew, after negotiations with the government for a bailout failed.Link to my video about the failure of Community Bank and Trust.Support the Channel on Patreon Support the Channel by Buying Me a Coffee Subscribe to Nobody Special on YouTube
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