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FDA Rejects Non-mRNA COVID-19 Vaccine For Children: Company Authored by Jack Phillips via The Epoch Times (emphasis ours), Ocugen said the U.S. Food and Drug Administration (FDA) declined to issue an emergency use authorization for Covaxin, the COVID-19 vaccine developed by its Indian partner Bharat Biotech, for children. A file photo shows a worker preparing a…

US Airlines Extend Masking Requirements For 1 Month Due To CDC Recommendation Just when frequent flyers were hoping to finally get some relief from the CDC’s masking rules, the agency has decided on Thursday to extend the requirements for another month. They are now set to expire on April 18. The TSA has previously expected…

An Earnings Reversion Is Coming Authored by Lance Roberts via RealInvestmentAdvice.com, An earnings reversion is coming. In“earnings estimates will disappoint,” we showed the extreme bullishness of estimates entering 2022. “Despite economic growth weakening as inflation increases, liquidity reducing, and profit margins under pressure, analysts continue increasing their earnings estimates. Currently, estimates for the Q4-2022 are $219.87/share…

Data From Ukraine’s Largest Nuclear Power Plant Goes Offline, IAEA Reports Update (1536ET): Nuclear risks in Ukraine continue to mount Wednesday after another nuclear power plant has experienced issues.  The International Atomic Energy Agency (IAEA) reports it has lost remote data transmission from its safeguards systems at Zaporizhzhia Nuclear Power Station in southeastern Ukraine.  IAEA…

JPMorgan Bails Out Chinese Nickel Giant Facing Billions In Losses From Record Margin Call Two days ago we reported that while “plain vanilla” commodity producers such as coal giant Peabody had no choice but to pay up on their commodity margin calls (which they funded with an expensive, 11%, Goldman credit facility), others such as…

Will Putin Place Enriched Uranium On The List Of Banned Russian Exports An interesting thought from GLJ Research founder Gordon Johnson: with the US carving out an explicit loophole for Russian uranium exports (thanks Hillary), suggesting that while it may not care for Russian oil or gas the US is certainly desperate for Russian uranium,…

Putin Signs Countermeasure Decree Limiting Russian Exports After Biden’s Russian Oil Import Ban Within hours of Joe Biden announcing a far-reaching ban on all US imports of Russian oil – while warning Americans that gas prices are about to “go up further” – Vladimir Putin is reported to have signed his own counter-measure decree. Russia’s RIA…

Expect To Pay $3,000 More This Year For Gas And Food As Prices Skyrocket Prices at the pump have now soared to $4.173 per gallon for regular gasoline, according to Price Information Service (OPIS). This firm collects and calculates US pump prices for American Automobile Association (AAA). On Monday evening, prices surpassed the previous record high set…

Poland Has Made Available All Its MiG-29 Jets For US To Transfer To Ukraine In the latest major development in what’s become a “huge operation” mounted by individual NATO member states to assist Ukraine’s military, Poland has announced it is ready to transfer all of its Russian-made MIG-29 jets to the Rammstein Air Base in Germany. A…

“The Market Is Totally Dysfunctional” – Traders Concerned Russian CDS Won’t Pay Out In Event Of Default Since the start of Russia’s invasion of Ukraine, the financial press has been filled with stories about investors who are on the losing end of the historic selloff in Russian assets. There’s the Kentucky pension fund that lost…

Will ‘Victory Gardens’ Make Comeback As Global Food Crisis Worsens? Spring in the northern hemisphere is two weeks away, and interest in planting gardens could rise as the breadbasket of Europe was choked off by the Russian invasions of Ukraine, jeopardizing global food exports resulting in skyrocketing prices.   Even before the turmoil in Ukraine, American households…

Russia Says Global Oil Embargo Could Push Prices Over $300 With the US reportedly said to vote as soon as Tuesday on a proposal to ditch trade relations with Russia and Belarus, including suspending oil imports despite repeated objections from Germany which has stated that a collapse in supply threatens “social cohesion”, Russian Deputy PM…

US Senate Passes Bill To End COVID-19 National Emergency Authored by Zachary Steiber via The Epoch Times (emphasis ours), President Joe Biden speaks to reporters before the start of a cabinet meeting in the Cabinet Room of the White House on March 3, 2022. (Anna Moneymaker/Getty Images) The U.S. Senate on March 3 approved a…

One Bank Sees 10% Chance Of “Civilization-Ending Global Nuclear War”, Says Buy Stocks Anyway In recent days with tensions of a global war running at the highest level in decades, an apocryphal story from Art Cashin has been making the rounds across trading desks: one in which the venerable trader explains why when Wall Street…

Anti-War Protests Grow In Russia As Putin Rejects US Charge Of “Deliberate” Civilian Attacks In fresh Sunday statements, Russian President Vladimir Putin has said he will not stop military operations in Ukraine until Kiev government forces stop fighting, at a moment evacuation efforts in Mariupol where there are reports that some 200,000 civilians remain have…

Soaring Wheat Prices Leave These Countries Susceptible To Uprisings  Ukraine is considered the “breadbasket of Europe,” and the Russian invasion is choking off grain exports, sending global food prices to record highs. Grain prices surged to record highs last week as world food prices are now higher than they were during the 2011 Arab Spring, leaving…

Putin Threatens Ukraine With Loss Of Statehood As we detailed earlier, Russian President Vladimir Putin in a Saturday morning speech gave a wide-ranging update of the war in Ukraine, painting a positive picture essentially saying “everything is going to plan” – while taking the opportunity to war any Western nation eyeing the imposition of a…

North Korea’s Kim Launches 9th Ballistic Missile This Year While All Eyes On Ukraine With the entire world’s attention focused on Russia and Putin amid the ongoing war in Ukraine, now in the middle of its second week, it seems Kim Jong Un thought it was the perfect time to launch some rockets. On Saturday…

Google Searches For ‘Iodine Pills’ Skyrocket Russia’s invasion of Ukraine and President Putin ordering nuclear deterrent forces to be placed on “special” alert has scared the bejesus out of many in the western world who are now panic searching where to buy potassium iodide in case of nuclear war.  Potassium iodide can help block radioactive iodine from being absorbed…

Following Global Outrage, Shell Says It Only Bought Russian Oil After “Intense Talks With Governments” Yesterday, we reported that after a week of “no bid” markets for Russian seaborne oil where the discount for Urals widened more and more from spot with each passing day (while in the process making the market for non-Russian oil…

“Close The Skies Or Give Us Planes”: Zelensky Tells US House & Senate In Zoom Call At a moment that US Congress is busy prepping a whopping $10 billion military and humanitarian aide package for Ukraine, the country’s leader Volodymyr Zelensky is already making a “desperate plea” for more, telling a virtual meeting of over 300…

Coinbase CEO: “Ordinary Russians Are Using Crypto As A Lifeline” As we reported earlier this week, most popular crypto exchanges have declined requests by western officials to cut off all Russian customers, as crypto trading volume soared as investors appeared to front-run expectations for massive capital outflows as sanctions bite. While most trading denominated in…