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01.12.25 - 03:39
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OPEC+ Confirms Plan To Pause Output Hikes In Q1 (ZeroHedge)
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OPEC+ Confirms Plan To Pause Output Hikes In Q1
OPEC+ agreed to pause production hikes and leave oil output levels unchanged for the first quarter of 2026 at its meetings on Sunday as the group slows down its push to regain market share amid fears of a looming supply glut.
Eight OPEC+ members have paused oil output hikes for the first quarter of 2026 after releasing some 2.9 million barrels per day into the market since April 2025, and Sunday's meeting reaffirmed that decision, OPEC said in a statement.
OPEC+ still has about 3.24 million bpd of output cuts in place, representing around 3% of global demand. The Sunday meetings did not alter those. These comprise a 2 million bpd oil output cut by most members which is in place until the end of 2026, and the remaining 1.24 million bpd of a 1.65 million bpd reduction that the eight members started to return to the market in October.
Additionally, Reuters reports that the OPEC+ group had approved a mechanism to assess members' maximum production...
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01.12.25 - 03:39
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China Factory Activity Contracts In Longest Stretch On Record As Economy Sinks (ZeroHedge)
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China Factory Activity Contracts In Longest Stretch On Record As Economy Sinks
China's factory activity staged a slight improvement in November, but once again printed below the median estimate and extended its streak of declines to a record as the country's economic slowdown deepens.
The official manufacturing PMI rose to 49.2 from 49.0 in October but remained below the 50 mark that separates growth and contraction for an eighth month. The median estimate of economists surveyed by Bloomberg was 49.4.
Adding insult to injury, the official non-manufacturing PMI fell to 49.5 from 50.1, below the 50.0 consensus forecast, and dropping into contraction for the first time since the economy reopened in 2023l it was driven by weakness in the real estate and residential services sectors.
The readings offer a preliminary glimpse of how the world's second-biggest economy fared in November, after months of global trade turbulence and an unprecedented decline in investment. They suggest that GDP ...
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01.12.25 - 03:39
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Escape Velocity: Why America′s 1963 Poverty Math Is Broken (ZeroHedge)
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Escape Velocity: Why America's 1963 Poverty Math Is Broken
Authored by Peter Earle via the American Institute for Economic Research (AIER),
In a recent analysis gone viral, financial blogger Michael W. Green traced how modern American families can earn anywhere from $40,000 to $100,000 and still fall further behind. The argument is devastatingly simple: the mathematical parameters defining “poverty” are built upon a benchmark drawn in 1963, multiplied by three, and only lightly adjusted for inflation. Everything else—childcare, healthcare, housing, transportation, and the structural design of the welfare state—has transformed beyond recognition. The result is a system in which the official poverty line tells us less about deprivation than it does about starvation. And once you trace the math, the inescapable metaphor emerges: America's working households require escape velocity to break free from the gravitational well of modern costs of living.
In physics, escape velocity is th...
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01.12.25 - 03:39
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Former NASDAQ-Listed Exec Sentenced To Life In Prison Over Murder-For-Hire Plot (ZeroHedge)
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Former NASDAQ-Listed Exec Sentenced To Life In Prison Over Murder-For-Hire Plot
The First Assistant U.S. Attorney for Vermont announced that on November 24, 2025, Chief Judge Christina Reiss sentenced Serhat Gumrukcu, 43, of Los Angeles—formerly the "scientific founder", "inventor" and largest shareholder of publicly listed Enochian Biosciences, which eventually became Renovaro—to life in prison for the January 6, 2018, murder-for-hire of Gregory Davis in Barnet, Vermont.
Gumrukcu was first brought to the attention of market participants by former short seller Hindenburg Research back in 2022 who called his company a $600 million Nasdaq-listed scam "based on a lifetime of lies".
A jury convicted him in April 2025 of murder-for-hire, conspiracy to commit murder-for-hire, and conspiracy to commit wire fraud, according to the DOJ.
Gumrukcu had formerly been praised by Enochian (then Renovaro) CEO Mark Dybul - who once worked under Anthony Fauci at the Nati...
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01.12.25 - 03:36
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BOJ to Make Appropriate Rate Decision at Next Meeting: Ueda (Nippon)
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Nagoya, Dec. 1 (Jiji Press)--Bank of Japan Governor Kazuo Ueda said Monday that the central bank will make an appropriate decision on whether to raise interest rates at its next monetary policy meeting scheduled for Dec. 18-19. "The bank will examine and discuss economic activity and prices at home and abroad as well as developments in financial and capital markets...based on various data a......
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01.12.25 - 03:30
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Trump Says He Has Decided on Next Fed Chair and Will Announce Soon (AAStocks)
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US President Donald Trump stated on Air Force One that he has decided on the candidate for the next Federal Reserve Chair and expects his nominee to advocate for interest rate cuts, foreign media reported. He mentioned that knowing who he will nominate and that he will make an announcement, but the name of the candidate remains ......
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