|
|
|
10.03.26 - 04:12
|
With World Seemingly At War, DARPA Finds Time To Unveil The X-76 (ZeroHedge)
|
|
|
With World Seemingly At War, DARPA Finds Time To Unveil The X-76
Before Operation Epic Fury began, corporate media published a few very concerning headlines:
Fast forward to Monday afternoon: Operation Epic Fury against Iran has entered its 10th day. Jared Cohen, President of Global Affairs and Co-Head of the Goldman Sachs Global Institute, warned investors on the GS Weekend Macro Call that regional spillover risks worldwide were among his top concerns.
Latest headlines in the Middle East:
Iran Signals 'Fight To The End' Under New Ayatollah, As US Struggles To Define Israeli-Coordinated Endgame
"Let Them Keep Playing Games": Iran Warns Of $200 Crude Oil
G-7 Leaders Reject SPR Release Plan, But 'Stand Ready' After Initial Jawbone Efforts Fade
The focus of this note is not the energy market or global spillover risks. Rather, it is the fact that DARPA found time to publish a press release about an experimental aircraft with a historic lineage of X-planes.
DARPA said the new aircr...
|
|
|
|
|
|
|
09.03.26 - 22:39
|
Goldman′s Global Affairs Chief Warns Of Middle East Spillover Threats (ZeroHedge)
|
|
|
Goldman's Global Affairs Chief Warns Of Middle East Spillover Threats
West Texas Intermediate crude futures spiked as high as $111 a barrel on Sunday evening as the deepening Middle East conflict sent panic through oil markets, with supplies from key Gulf producers going offline and the Strait of Hormuz remaining paralyzed into week two.
The key question on some energy desks is whether this energy shock will force President Trump to scale back Operation Epic Fury in a TACO-style retreat by Tuesday with WTI in triple-digit territory. That is hard to say, given that U.S. Central Command stated on X over the weekend that the operation will only accelerate from here.
But BofA's Michael Hartnett suggests a de-escalation of the Iran war in March (read the note). That's because Trump's approval ratings for the economy (40%) and inflation (36%) are back at their lows.
The larger concern now, beyond the energy market, is the risk of a global spillover. As Jared Cohen, President of Global Affairs a...
|
|
|
09.03.26 - 20:54
|
The Guardian view on the Iran crisis exposing Britain′s energy vulnerability: clean power offers protection | Editorial (The Guardian)
|
|
|
The war reveals Britain's exposure to volatile fossil fuel prices. More North Sea drilling will not shield households, building domestic green energy willWhat should Britain do when war in the Middle East sends energy prices soaring? If the strait of Hormuz were blocked for the month of fighting that Donald Trump predicts, British households could face another brutal cost of living shock. Goldman Sachs warns of prices at the pump rising to 2022 levels. That would put more than 50p on each litre in the tank. Prolonged disruption to global gas supplies could see energy bills in the UK rise by £900 to £2,500 a year. Such uncertainty strengthens the case for going big on clean energy.Ed Miliband, the energy secretary, has grasped this reality. By contrast, the Conservatives and Reform UK are doubling down on domestic fossil fuel extraction. The debate is framed around a simple claim of energy security: drill more at home. But the argument is rhetorical. Britain might export a bit more crude and have a smid...
|
|
|
|
|
09.03.26 - 17:18
|
Wilentz, Goldman & Spitzer, P.A. Welcomes Former Presiding Judge Robert J. Mega to the Firm (PR Newswire)
|
|
|
WOODBRIDGE, N.J., March 9, 2026 /PRNewswire/ -- Wilentz, Goldman & Spitzer, P.A. is pleased to announce that the Hon. Robert J. Mega, P.J. Ch. (Ret.) has joined the firm as a member of its Alternative Dispute Resolution team. Judge Mega will provide mediation, arbitration, and special......
|
|
|
|
|
|
|
09.03.26 - 16:18
|
Private Credit Markets Under Scrutiny (Bloomberg)
|
|
|
Fast-money investors are piling into bets against US stocks. Goldman Sachs says hedge funds raised short positions in equity ETFs by more than 8% last week. Bob Sloan of S3 Partners joined Bloomberg Open Interest to talk about the short interest in Blue Owl and why investors do not believe the marks in private credit. (Source: Bloomberg)...
|
|
|
|
|
09.03.26 - 13:36
|
G-7 Panic? World Leaders Weigh Emergency SPR Dump As Oil Prices Erupt Into Triple-Digit Territory (ZeroHedge)
|
|
|
G-7 Panic? World Leaders Weigh Emergency SPR Dump As Oil Prices Erupt Into Triple-Digit Territory
Asian and European equities traded lower, while U.S. equity futures fell 1% as Brent and WTI futures traded in triple-digit territory following the weekend escalation in Middle East tensions. The energy shock we have been warning about for the past week, citing top institutional desks from JPMorgan, UBS, Goldman, and others, is now staring G-7 leaders directly in the face as energy market panic erupts.
You know conditions are deteriorating very quickly when the Financial Times reports that G-7 finance ministers are set to hold an 8:30 a.m. New York time call to discuss a possible coordinated release of strategic oil reserves to combat runaway crude prices, as Brent crude hit $119/bbl overnight. Such a move to dump SPR on global markets shows just how afraid policymakers are that the oil shock could crush consumer sentiment and, in turn, hit economic growth.
There have been five coordinated SPR dum...
|
|
|
09.03.26 - 12:42
|
Top US banks weigh suing federal regulator over crypto banking rules (The Guardian)
|
|
|
Exclusive: Bank Policy Institute, representing lenders such as JP Morgan and Goldman Sachs, argues that new licenses could harm US consumers and financial systemSome of the largest US banks are considering suing their financial regulator, arguing that a new raft of licenses for crypto, payment and fintech could put American consumers and the wider financial system at risk.The Bank Policy Institute (BPI), which represents 40 of the biggest US lenders including JP Morgan, Goldman Sachs and Citigroup, is understood to be weighing its legal options after the Office of the Comptroller of the Currency (OCC) failed to heed repeated warnings from influential banking groups and state regulators over its reinterpretation of federal licensing rules. Continue reading......
|
|
|
|
|
|
|
|
|
09.03.26 - 08:36
|
Oil above US$100 may persist as Goldman warns rally not over (SCMP)
|
|
|
Crude oil's surge above US$100 a barrel could last longer than expected, reshaping investors' outlook for the global economy and injecting fresh volatility into risk assets as military tensions in the Middle East show no sign of easing, according to analysts.
Brent crude jumped 23 per cent to US$114.14 a barrel in London on Monday, while West Texas Intermediate (WTI) rose 24 per cent to US$113.11. Traders are increasingly pricing in a prolonged supply disruption after Iran closed the Strait of......
|
|
|
|
|
09.03.26 - 08:12
|
Average UK office attendance ′settling′ at highest level since before Covid (The Guardian)
|
|
|
Figure above 40% every week since early January as report says situation 'no longer in freefall nor in recovery'Workers are heading back to offices across the UK in droves, pushing office occupancy to the highest since before the Covid-19 pandemic, as an expert described the numbers as “no longer in freefall nor in recovery mode but settling”.Investment banks such as Goldman Sachs and JPMorgan Chasehave led the push with strict return-to-office mandates despite anger among many employees about being ordered back to the office five days a week. Companies in other sectors have also increased days in the office but many businesses, including law and accounting firms, still allow staff to work remotely two days a week. Continue reading......
|
|
|
09.03.26 - 05:37
|
Price Controls Arrive: South Korea, Taiwan Impose Fuel Price Cap (ZeroHedge)
|
|
|
Price Controls Arrive: South Korea, Taiwan Impose Fuel Price Cap
It's a bloodbath across Asian markets this morning with Asia being the world's largest oil-importing region. Based on a Goldman analysis of the impact of higher oil on real GDP growth (chart below), China is the most insulated from supply-driven oil price increases compared to other emerging Asian economies, with $15/bbl higher crude oil prices leading to 0-0.1pp lower GDP growth and 0.1-0.2pp higher headline CPI inflation. This resilience is partly due to the country's economic structure and the potential for government intervention to dampen the pass-through of global price increases to consumers. Increased oil stockpiling last year - some estimates put China's strategic oil resere at 1.5 billion barrels - and very low inflation over the past few years also make China less vulnerable to rising energy prices.
Conversely, Singapore, followed by Taiwan and Korea, will bear the brunt of it with a -1.6% hit to GDP growth and thi...
|
|