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06.05.26 - 22:39
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World Starts To "Build" Around Hormuz; Japan Buying UAE Oil Bypassing Strait As ADNOC To Spend $55 Billion On Pipelines (ZeroHedge)
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World Starts To "Build" Around Hormuz; Japan Buying UAE Oil Bypassing Strait As ADNOC To Spend $55 Billion On Pipelines
Long after the Iran war is just a bookmark in the history books, one distinct consequence will persist: much of the world, at least the part that does not fall under the Chinese sphere of influence, will do everything it can to avoid the Strait of Hormuz and failing that, have a Plan B. Just like when the Biden admin weaponized the US Dollar in 2022 by booting Russia from SWIFT after the Ukraine war, and in the process started the biggest gold and bitcoin rally in history as the rest of the world parked its savings in non-USD assets, so the world's most important oil choke point will never again be viewed again in the same way after Iran launched dozens of rockets at the ships transiting it.
This shift in perception is what James Thorne, chief market strategist of WellingtonAltus, called "Iran's Historic Mistake"; he explains it as follows:
By weapon...
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06.05.26 - 22:30
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Women′s Sports Investment an ′Undervalued Asset,′ Says Gold Medal Skier Breezy Johnson (Bloomberg)
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Olympic gold medal skier Breezy Johnson and Trisha Worthington, chief revenue and philanthropic officer for US Ski & Snowboard, said that sports sponsorships are a 'changing landscape' as NIL opportunities for college athletes and social media expand the scope of moneymaking opportunities for athletes. Johnson said that despite record valuation, women's sports are still an 'undervalued asset' for investment and can lead to a greater return. (Source: Bloomberg)...
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06.05.26 - 22:24
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Spahn: ′Deutschland ist ärmer geworden′ (DPA-AFX)
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BERLIN (dpa-AFX) - Unionsfraktionschef Jens Spahn sieht die schwarz-rote Koalition unter Einigungsdruck bei zentralen Reformen, zeigt sich diesbezüglich aber auch zuversichtlich. Mit Verweis auf die geplante Einkommensteuerreform sowie Energiekosten ......
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06.05.26 - 22:12
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How NASA′s Chief Plans to Bring Back the Moonwalk — And Beat China (Bloomberg)
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On today's Big Take podcast, NASA Administrator Jared Isaacman sits down with Bloomberg's Tim Stenovec to talk about why the US needs to beat China to the moon, how he plans to vie with SpaceX and Blue Origin for top talent and what exactly he thinks alien life looks like. Listen to The Big Take podcast on Apple, Spotify or wherever you get your podcasts. (Source: Bloomberg)...
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