From Zimbabwe To Washington: The Farce Of "Independent" Central Banks Authored by Nick Giambruno via InternationalMan.com, When Zimbabwe makes the news, it’s rarely for good reasons. There’s a good reason for that. The country has spent years in a state of perpetual crisis. Hyperinflation obliterated its currency and decimated the economy. Yet beneath the surface lies extraordinary wealth. Zimbabwe is rich in natural resources: gold, platinum, diamonds, and some of the most fertile farmland on Earth. That’s what led me to organize a research trip there about 10 years ago alongside legendary investor Doug Casey. We also sat down with Gideon Gono, the former head of the central bank, who made everyone “trillionaires.” From left to right: Nick Giambruno, Doug Casey, Gideon Gono Gideon Gono was Zimbabwe’s central bank chief during the infamous hyperinflation of 2008–2009. His signature appears on the now-iconic 100-trillion-dollar Zimbabwe note—the highest denomination of any currency ever printed. Today, that bill is completely worthless… except as a novelty or collector’s item. During our meeting, Gono recounted his impossible position as Zimbabwe’s central banker in the 2000s. The country was flat broke—and it needed to pay the army. In any country, failing to pay the military spells trouble. But in Africa, it almost guarantees a coup. So when the Zimbabwean government ordered Gono to print money to pay the army and its other bills, he obeyed. There was no alternative. He described it as “being in a car without gas,” yet being ordered to drive from point A to point B. Everyone—Gono included—knew exactly where this was headed. You didn’t need to be a financial genius to understand that printing currency to fund soaring deficits would end in hyperinflation. And that’s exactly what happened. The Gono episode lays bare the uncomfortable truth about central banks. Central banks were never truly “independent.” It was always an illusion—a societal myth. They exist to siphon...

Buyout firms are sitting on a massive stable of unsold companies. They’re holding them longer and looking for creative ways to monetize them, as the old bootstrap-and-flip nature of the business evolves. Bank of America Corp. is seeking to take advantage of those trends by starting a new team within its investment bank to help private equity firms exit their investments — while also boosting the firm’s share of that intensely competitive market. It’s called the Private Capital M&A Group and the idea is rally the firms sprawling product resources and work across the global capital solutions, financial sponsors and industry coverage groups to help buyout shops monetize portfolio companies in flexible, creative ways. “The pace of sponsor exits has been structurally low over the past few years, and by definition it will need to rebound,” said Eamon Brabazon , Bank of America’s co-head of global mergers and acquisitions. “This means that sponsors will account for a greater share of the M&A pie going forward. The landscape is evolving rapidly and we’re increasingly in a world where no one size fits all.” The Private Capital M&A Group is designed to work across teams to find those solutions, he said. It’s co-headed by Richard Peacock and Amanda Dupuy, according to an internal company memo sent around on Wednesday. Peacock also leads consumer and retail M&A while Dupuy heads global secondary advisory investment banking — roles they’ll continue to hold. They’ll collaborate closely with Zeeshan Waris and John Lin across Europe, Middle East and Africa and Asia Pacific, respectively. Traditional Model In the traditional private equity model, a buyout shop acquires a company or takes it private using debt. Fixes it or bulks it up through acquisitions, then looks to sell it to another firm or take it public, ideally in three to five years. That’s not necessarily the case any more, as private credit, insurance money, sovereign wealth and other forms of capital have poured into pri...

These 3 AI leaders all saw their stocks sell off after reporting strong earnings.

Key PointsMicron's shift to long-term commitments should help boost its stock.

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Senator Bernie Sanders and Congresswoman Alexandria Ocasio-Cortez plan to introduce legislation that would impose a moratorium on new AI data centers, following growing pushback on their impact on energy prices. Representative Suhas Subramanyam, a Democrat from Virginia, home to one of the largest concentrations of data centers in the country, discusses what approach he thinks the country should take to the AI build-out. He speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

财联社3月26日讯（编辑 赵昊） 随着中东战事的影响逐渐显现，华尔街开始下调今年美国经济增长预期，同时上调通胀和失业率预测，并小幅提高经济衰退的概率。 先前高盛已表示，由于油价飙升，未来12个月美国经济陷入衰退的风险已升至30%；预计失业率将从2月的4.4%上升至年底的4.6%。 多家机构认为，美国今年通胀率可能更接近3%而非2%，这将侵蚀居民可支配收入，并抑制企业招聘。 这一转变打破了此前对2026年的乐观预期——原本市场认为，随着关税冲击逐渐消退，以及减税政策带来的刺激生效，美国经济将迎来强劲一年。 即便冲突很快结束，经济学家仍认为已造成的损害将使美国经济维持在“脆弱平衡”状态，求职者和低收入群体仍将面临压力。 牛津经济研究院首席美国经济学家Nancy Vanden Houten指出，战争将削弱经济中的多个环节，这种影响“来得非常快、非常直观”，“你只需要开车经过附近的加油站就能感受到”。 尽管特朗普推出的“大而美”法案提高了退税金额，在一定程度上缓冲了冲击，但外界开始认为，这一原本支撑2026年消费增长的重要因素，可能会被更高的能源成本完全抵消。 根据美国汽车协会数据，本月汽油价格已上涨逾30%，达到约每加仑4美元，创下自2005年“卡特里娜飓风”导致墨西哥湾石油生产中断以来的最大涨幅。 与此同时，退税数据也不及预期。摩根士丹利在3月23日的报告中称，今年退税金额同比增长约12%，低于此前预期的15%至25%。该行将消费者支出增速预测从2%下调至1.7%。 摩根士丹利经济学家Arunima Sinha表示，“油价冲击基本抵消了我们此前依赖的那部分增长动力。” 总体来看，在多数预测中，美国今年的经济增速仍有望维持在约2%，主要得益于数据中心投资的持续增长——由于美国拥有相对廉价的天然气，这一领域受进口能源的影响较小。 但这也意味着，美国经济在很大程度上依赖投资者对人工智能（AI）的持续乐观情绪，以及高收入群体消费支撑——这些因素曾帮助经济在2025年几乎零就业增长的情况下维持扩张。 预测人士警告称，如果战事很快结束，经由霍尔木兹海峡的石油运输恢复仍需时间；同时，中东基础设施受损以及各国在冲突后补库存带来的需求上升，也将使油价在一段时间内维持高位。 美国消费者已经在加油和购买机票时感受到压力。此外，战争导致的化肥短缺预计将在未来推高食品价格；而柴油价格上涨（涨幅甚...

格隆汇3月26日｜白宫新闻秘书莱维特：美国正在采取创新措施应对油价。

U.S. President Donald Trump shakes hands with Chinese President Xi Jinping as they hold a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. Evelyn Hockstein | Reuters A long-awaited meeting between President Donald Trump and Chinese President Xi Jinping will take place in Beijing on May 14 and 15, the White House said Wednesday. Trump and first lady Melania Trump will also host Xi for a "reciprocal visit" in Washington, D.C., at a to-be-announced date later this year, White House press secretary Karoline Leavitt told reporters at a briefing. The announcement amounts to a roughly six-week postponement of the China summit, which was expected to occur in late March and early April. But Trump said in mid-March that the U.S. had asked to delay that meeting "by a month or so" in light of the Iran war. The Trump administration has said it expects the war — which began on Feb. 28 when the U.S. and Israel launched strikes against Iran — will last around five weeks, though some officials have offered varying timelines. Asked Wednesday if the new schedule for Trump's China trip means that the U.S. expects the war will be wound down by mid-May, Leavitt said, "We've always estimated approximately four to six weeks, so you could do the math on that." This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

总台记者获悉，以色列总理内塔尼亚胡25日表示，以色列正在黎巴嫩建立一个更大的缓冲区，以抵御真主党反坦克导弹的威胁。内塔尼亚胡认为，黎巴嫩真主党对以北部的威胁“已不复存在”，现在的重点是“瓦解真主党”。（央视新闻）

格隆汇3月26日｜白宫新闻秘书莱维特：（被问到第一艘油轮何时能通过霍尔木兹海峡）还没有明确的消息。

Cisco (CSCO) has been around for a while, going public back in 1990. Its popularity soared during the dot-com bubble, and it became infamous for the complete and utter crash that followed. Hundreds of the tech leaders from a quarter century ago are no longer around today. Others have stood the test of time, such as Apple (AAPL) , Amazon (AMZN) , and IBM . CSCO is still here too, but its name doesn't exactly resonate alongside the Nvidias of the world now. Why? For context, AAPL, AMZN, and IBM cleared their former 2000 highs in 2004, 2009, and 2010, respectively. CSCO only just overtook its 2000 peak in February. Not many people realize this simply because it has taken so long to actually come back. Maybe they should. Let's look at the short-term chart. We first presented this to CappThesis clients as a trade idea two days ago, when the stock was still building a bullish pattern. CSCO has been gradually recovering from its earnings-related gap down in February. While that may have pushed it off many traders' radar screens, the ensuing pattern has taken shape as a potential cup and handle formation. As always, we wanted to buy the breakout, which occurred on Tuesday. As the stock pushed above the trading range, it triggered a modest target near $86.60. A move into that zone has now pulled the stock back into the prior gap. This often sparks momentum buying, which could happen again as investors look for a return toward its former highs. Waiting for confirmation that positive momentum is returning — both at the stock level and across the market — has helped avoid premature entries that could have turned into losses in chart trade ideas we've shared this month. Taking the same approach with CSCO, we also have some leeway given it doesn't report again until May. Between now and then, we'll see if this pattern plays out. Given its slow comeback since 2002, CSCO clearly has underperformed the Nasdaq 100 (NDX) for a long period. Thus, it will take some time to make a dent i...

Getty Images Tuesday was a very bad day for shareholders of Circle Internet Group, Inc. ( CRCL ). The company behind the USDC stablecoin saw its shares drop more than 20%, the worst trading day percentage wise since the company went public. The culprit seemingly was some potentially bad news on legislation regarding the Clarity Act, which could limit the future potential of the stablecoin space. Previous coverage of the name My most recent article on Circle came back in January, at which point I detailed a couple of major headwinds the company was facing. With U.S. interest rates dropping and USDC in circulation pulling back, it appeared that Circle's Q1 street revenue estimates were too high. Shares have rallied back more than 36% since, despite the S&P 500 ( SP500 ) being down more than 5% over that time. However, Circle still remains well below its all-time high of just under $299 that was reached shortly after going public. Recent legislative news When President Trump was re-elected in 2024, the entire crypto industry celebrated as they believed he would be a major supporter of the space. Bitcoin ( BTC-USD ) surged to a new all-time high, stablecoins like USDC saw tremendous growth in circulation, and it seemed like nothing was impossible. Last year, a crypto winter started with prices falling, and the future of the industry suddenly didn't look as bright. Earlier this week, some proposed new legislation regarding stablecoins seemingly put things into question for companies like Circle. The latest draft of the Clarity Act would ban stablecoin issuers from paying yield to customers just for holding the assets. Earning yields on balances, otherwise known as rewards, is an incentive for holding the coins, basically like getting interest on your deposits at a bank. The latest part of the bill would potentially still allow for yields to be generated by using the stablecoin for payments, trading, or lending it out. In recent years, major banks have been opponents of s...

随着市场焦点转向中东战争对经济增长的冲击，欧洲和英国长期国债收益率创下数月来最大单日跌幅。 英国30年期国债收益率收盘下跌14个基点，至5.43%，创2025年4月以来最大单日跌幅。 意大利30年期国债收益率下跌11个基点，至4.57%，创2025年3月以来最大跌幅。 德国30年期国债收益率下跌6个基点，至3.43%，创去年8月以来最大跌幅。 利率互换市场显示，到今年年底，英国央行将加息62个基点，欧洲央行料加息69个基点。 受能源价格、加息押注以及中东冲突是否可能缓和的矛盾信号反复冲击，欧洲利率市场正迈向有记录以来波动最为剧烈的一个月。 市场： 德债收益率下跌7个基点，报2.96%。 德国国债期货涨66个点，报126.02。 意大利10年期国债收益率跌11个基点，至3.84%。 意大利-德国国债收益率差缩窄4个基点，至89个基点。 法国10年期国债收益率跌10个基点，至3.66%。 10年期英国国债收益率跌12个基点，至4.84%。 责任编辑：李桐

普京签署命令：限制黄金出口。

格隆汇3月26日｜白宫新闻秘书莱维特：目前尚不能确认任何正式的伊朗和平谈判。

格隆汇3月26日｜白宫新闻秘书莱维特：（谈到第82空降师）特朗普更喜欢能有选择。

INVESTOR ALERT: Oracle Corporation (ORCL) Investors with GlobeNewswire

INVESTOR ALERT: Oracle Corporation (ORCL) Investors with Substantial Losses Have Opportunity to Lead the Oracle Class Action Lawsuit – RGRD Law WFXG

INVESTOR ALERT: Oracle Corporation (ORCL) Investors with Substantial Losses Have Opportunity to Lead the Oracle Class Action Lawsuit – RGRD Law wfxg.com

DigitalOcean is a high-growth, AI-leveraged cloud challenger with real momentum and a bright future.

Three men from Derry charged with murder of journalist, who was hit by bullet while observing 2019 rioting Three men accused of the murder of the Belfast journalist Lyra McKee have been linked to the scene by clothing and physical features, a court has heard. The New IRA claimed responsibility for the death of McKee, 29, who died after being hit by a bullet as she stood close to police vehicles while observing rioting in the Creggan area of Derry on 18 April 2019. Continue reading...

Bill Ackman 's investment strategy is relatively simple. Buy stocks of well-run companies with good earnings growth potential at prices below their estimated intrinsic value. Then wait for the market to realize it's been undervaluing the business. That's the same strategy followed by many successful investors, including Warren Buffett, and it typically involves holding stocks for long periods. But occasionally an investment runs its course. The market catches up to a business's continued success, and eventually it starts to overvalue the stock. That can cause expected future returns from the holding to drop while other opportunities arise. So, Ackman occasionally sells one stock in favor of better opportunities elsewhere. He recently sold off the remaining stake in a stock his hedge fund, Pershing Square, held for over seven years after adding to two artificial intelligence (AI) stocks he believes are undervalued. Image source: Getty Images. Continue reading

格隆汇3月26日｜伊朗议会发言人：情报显示伊朗的“敌人”正计划在一个地区国家的支持下占领伊朗的一个岛屿；正密切监视“敌人”的动向；若对方采取任何行动，伊朗将攻击该地区国家的关键设施。

Smederevac/iStock via Getty Images The market for domestic natural gas production is set to improve by a significant factor over the coming decade, driven by increasing gas power capacity set to come online in support of reindustrialization and the development of large-scale data centers. In addition to this, the international gas markets may be set to become more dependent on U.S. LNG exports as a result of a large amount of capacity bottlenecked in the Strait of Hormuz, which has resulted in sharp international gas price increases. With Expand Energy Corporation's ( EXE ) assets straddling the two growth trends, I believe that the market is set to develop in Expand’s favor over the coming years; I am providing an optimistic Strong Buy rating for EXE shares with a price target of $155/share at 6.51x eFY28 EV/aEBITDA. Expand Energy Corporation Operational Update Corporate Filings The overarching objective for Expand is to expand its marketing business beyond the basin, which has been a successful transition so far, with 50% of gas sales occurring in-basin as of Q4 ’25. The driving factor behind this is to sell gas in markets that can purchase the gas at a relative premium, particularly in high-demand markets. Combining this with its energy trading efforts, Expand is targeting a $0.20/Mcf margin uplift over the next 3-5 years. Strategically, Expand straddles two high-growth markets: LNG Exports. Domestic Power Demand for Data Centers. For LNG export capacity, Expand’s Haynesville assets are regionally appealing. In mid-2025, two major gas pipelines designed to transport gas from the Haynesville Basin to the Gulf Coast commenced operations: the NG3 Pipeline operated by Momentum with 2.3 Bcf/d in capacity and the Louisiana Energy Gateway operated by Williams with 1.8 Bcf/d in capacity . In addition to this, DT Midstream is expanding its LEAP Pipeline ; the pipeline currently has 2.1 Bcf/d in capacity with the ability to expand to 4 Bcf/d. Accordingly, the expansion pro...

Former hedge fund manager warned ex-employee he had groped that Financial Conduct Authority may question her The financial watchdog has accused the former hedge fund manager Crispin Odey of attempting to “manipulate” a victim of sexual assault into silence. Odey texted his former employee, whose breasts he had groped, a warning in 2022 that the Financial Conduct Authority could question her about him. Continue reading...

The following companies are expected to report earnings after hours on 03/25/2026. Visit our Earnings Calendar for a full list of expected earnings releases.Jefferies Financial Group Inc. (JEF)is reporting for the quarter ending February 28, 2026. The financial services company'

Kenneth S. Courtis, a director of Alpha Metallurgical Resources (NYSE:AMR) , reported the purchase of 8,000 shares on March 12, 2026 across multiple open-market transactions, for a total consideration of approximately $1.53 million according to the SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($191.07). * 1-year price change calculated as of March 12, 2026. Continue reading

Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF