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How Iran Engineered A Global Liquidity Crisis--The Bond Market Meltdown
benzinga21d ago

How Iran Engineered A Global Liquidity Crisis--The Bond Market Meltdown

This past week saw global sovereign debt markets absolutely dump. Here's how it might get a lot worse . Bond Yields Soar Friday saw global sovereign debt markets in free fall. Yields spiked across the board- not because of some sudden inflation panic, but because of a much deeper, more structural force at work. The trigger? The Strait of Hormuz is effectively shut down.That narrow waterway carries about 20% of the global oil supply (and a third of global seaborne oil). With it throttled, oil prices have shot higher, slamming net oil importers in EU, Asia, and the UK with a brutal terms-of-trade shock. For countries like the UK and France, their trade deficit is the primary driver of their current account deficits, and are therefore widening rapidly, as energy import bills balloon. To finance those bigger deficits, these countries have two choices: sell foreign exchange reserves (i.e. dump U.S. Treasuries) or borrow even more. Both paths put immediate upward pressure on bond yields. If they dump US Treasuries, that's selling pressure that leads to lower bond prices (i.e. higher rates), and if they choose to issue debt, that debt must then compete in the global bond market with a rate that is satisfactory to attract demand. The End of the Backstop At the same time, the Gulf oil exporters, the same players who normally recycle petrodollars back into ... Full story available on Benzinga.com

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Metro Vancouver transit workers deliver 99% strike mandate
voiceonline21d ago

Metro Vancouver transit workers deliver 99% strike mandate

Indo-Canadian Voice Metro Vancouver transit workers deliver 99% strike mandate posted by: Rattan Mall MEMBERS of Unifor Locals 111 and 2200 have voted 99% in favour of strike action at Coast Mountain Bus Company (CMBC), signalling their readiness to escalate after months of bargaining for a fair contract. “A 99 per cent strike mandate is a clear message these workers are together and resolute about the challenges they face,” [...] The post Metro Vancouver transit workers deliver 99% strike mandate first appeared on Indo-Canadian Voice . Indo-Canadian Voice

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Ethereum Price: ETH Holds Below $2,100 While Pepeto Presale Hits $10m Ahead of Listing
techbullion21d ago

Ethereum Price: ETH Holds Below $2,100 While Pepeto Presale Hits $10m Ahead of Listing

The ethereum price sits at $2,072, still 57% below its all-time high, while the largest corporate Bitcoin holder just admitted he may start selling. Michael Saylor told a podcast that a Strategy bitcoin sale before year-end is “not unlikely,” breaking a commitment that defined an entire market cycle. As that shift rattles institutional confidence, a [...] The post Ethereum Price: ETH Holds Below $2,100 While Pepeto Presale Hits $10m Ahead of Listing appeared first on TechBullion .

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Remote hits $300M ARR, credits AI for 50% jump in revenue per employee
bitcoinworld21d ago

Remote hits $300M ARR, credits AI for 50% jump in revenue per employee

BitcoinWorld Remote hits $300M ARR, credits AI for 50% jump in revenue per employee Remote, the seven-year-old Amsterdam-based payroll services provider, has crossed $300 million in annual recurring revenue and reached cash-flow positive status. But the company says the more significant milestone is internal: a 50% increase in revenue per employee driven by widespread adoption of artificial intelligence across all departments. AI adoption beyond the engineering team CEO Job [...] This post Remote hits $300M ARR, credits AI for 50% jump in revenue per employee first appeared on BitcoinWorld .

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Mastercard Snags Crypto License as Stablecoin Race Becomes Compliance War
pymnts21d ago

Mastercard Snags Crypto License as Stablecoin Race Becomes Compliance War

Stablecoins brought U.S. dollar-equivalents to users outside of the U.S. regulatory system. Now, the cryptocurrency and FinTech industries want to bring those same digital dollars inside the system. Using the same blockchains as they do on the outside. And with the passage of the GENIUS Act into law last summer, they’ve already succeeded. Stablecoins [...] The post Mastercard Snags Crypto License as Stablecoin Race Becomes Compliance War appeared first on PYMNTS.com .

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