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News & Articles By Kevin Hughes
11/28/2025
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By Kevin Hughes
Russia’s oil and gas revenues collapse by 35% in November as sanctions and falling prices bite
Russia’s November 2025 oil and gas revenues plummeted by 35% year-on-year to just $6.6 billion, driven by crashing Urals crude prices, U.S. sanctions and a stronger ruble. Recent U.S. sanctions targeting Rosneft and Lukoil have forced steep discounts on Russian oil, with Urals crude trading as low as $36.61 per barrel – far below the $88.95 peak in March 2022. Oil […]
11/24/2025
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By Kevin Hughes
China’s lithium market turmoil: Prices crash as regulators tighten trading rules
Lithium carbonate futures on China’s Guangzhou Futures Exchange (GFEX) plummeted 9% after regulators tightened trading rules, including higher fees and position limits, to curb speculation. This erased recent gains, with prices dropping to 91,020 yuan/ton from a peak of 102,500 yuan/ton the day prior. Reports indicate Contemporary Amperex Technology Co. (CATL) may restart production at its Jianxiawo lithium mine (46,000-ton annual capacity), adding supply to […]
11/22/2025
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By Kevin Hughes
Japan announces $135 billion stimulus package as Takaichi seeks to boost economy
Japan approved a three trillion yen ($135 billion) stimulus package, its largest since the COVID-19 pandemic, aimed at combating inflation, boosting defense and reviving economic growth. Measures include 20,000 yen ($130) per child in cash payouts; 7,000 yen energy bill subsidies (January-March); 3,000 yen rice vouchers per person; and elimination of gasoline taxes The package focuses on price […]
11/21/2025
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By Kevin Hughes
Nvidia’s AI-driven earnings surge sparks market rally, easing bubble fears
Nvidia reported $57B in Q3 revenue (62% YoY growth), exceeding Wall Street forecasts. Profits surged to $31.9B, signaling unstoppable AI demand. CEO Jensen Huang declared AI adoption is accelerating globally, with Blackwell GPUs “off the charts” and cloud GPUs “sold out.” Nvidia jumped 5% in after-hours trading, nearing $196. Big Tech (Apple, Microsoft, Alphabet, Amazon, Meta) saw gains. […]
11/20/2025
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By Kevin Hughes
U.S. crude oil inventories surge as production hits record highs amid global supply concerns
U.S. crude stockpiles surged by 4.4 million barrels last week, with domestic production hitting an all-time high of 13.862 million barrels per day (bpd). Falling exports contributed to the domestic oversupply. The Trump administration added 798,000 barrels to the Strategic Petroleum Reserve, bringing reserves to 410.4 million barrels, as part of efforts to restore depleted emergency stockpiles. While crude […]
11/20/2025
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By Kevin Hughes
Markets tumble amid tech selloff: AI bubble fears intensify as Google CEO warns “no company is immune”
Global stock indices (FTSE 100, S&P 500, Nasdaq) plunged amid concerns over inflated AI stock valuations, particularly Nvidia, whose shares surged from 460 to nearly 900. Sundar Pichai acknowledged AI’s transformative potential but cautioned against “irrational exuberance,” comparing it to the dot-com bubble—profitable long-term but prone to short-term overhype and collapse. Billionaire Peter Thiel sold his […]
11/12/2025
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By Kevin Hughes
Trump’s $80 billion nuclear push for AI: A high-stakes gamble or recipe for disaster?
The Trump administration plans to fund 10 new Westinghouse AP1000 reactors (1,100 MW each) by 2030, backed by hundreds of billions in taxpayer loans via the Department of Energy‘s Loan Programs Office. The goal is to meet exploding energy demands from AI data centers, which require 36+ gigawatts of new power by 2028. Westinghouse has a history of bankruptcy (2017) and massive cost […]
11/03/2025
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By Kevin Hughes
Bitcoin’s rollercoaster ride: Fed rate cut sparks volatility as Powell signals caution
BTC fell sharply to $109,200 despite the Federal Reserve’s anticipated 0.25 percent rate cut and confirmation of ending quantitative tightening (QT) by December. Traders had priced in dovish policy, but Chair Jerome Powell’s cautious remarks about future cuts triggered further declines. The Fed cut rates amid slowing economic indicators (rising unemployment, persistent inflation above two […]
11/02/2025
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By Kevin Hughes
Nvidia shatters records as first $5 trillion company amid AI boom, but bubble fears loom
Driven by AI demand, Nvidia’s stock surged, transforming from a gaming hardware supplier to the dominant force in AI infrastructure, powering everything from ChatGPT to military supercomputers. Nvidia’s stock rose 51 percent YTD, with 500B in AI chip orders, plans for seven U.S. supercomputers, and a 1B investment in 6G tech with Nokia. Analysts compare GPUs to “the new […]
10/25/2025
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By Kevin Hughes
Gold prices could SURGE to $10,000, JPMorgan CEO Jamie Dimon warns
JPMorgan CEO Jamie Dimon predicts gold may skyrocket to $10,000/oz due to economic instability, inflation, geopolitical tensions and AI-driven market shifts. Gold has already surged 58 percent in 2024, surpassing $4,200/oz. Billionaires like Ray Dalio recommend 15 percent portfolio allocation to gold as a hedge against government debt and fiat currency distrust. Bank of America found 43 percent of fund […]
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