The latest convulsion in cryptoland has all the hallmarks of a conspiracy, with a well-timed leak triggering a “liquidity crunch” that forced one of the biggest crypto exchanges into the arms of its major rival.
Just as the party was getting started on Wall Street, along came Fed chair Jerome Powell to spoil the celebrations as he sent shares plunging in minutes.
The world’s richest person has pledged to close his $68 billion deal to buy Twitter in what is a ludicrous overpay. His bankers are trapped and resigned to a very expensive fate.
Timing is everything in the volatile world of resources. And as it stands, there’s probably not going to be enough copper produced over the next few decades to enable net-zero carbon emissions by 2050.