China Reportedly On Verge Of 100 DeepSeek-Like Breakthroughs Amid Aspirations For World Domination China is preparing to launch a tsunami of domestic AI innovation, with more than 100 DeepSeek-like breakthroughs (more here) expected within the next 18 months, according to former PBOC Deputy Governor Zhu Min, as reported by Bloomberg. This development signals Beijing’s intent…
Category: Economy
DOJ Accuses Biden-Appointed Judge Of ‘Unprecedented Defiance’ After Rejecting SCOTUS Ruling Allowing Deportations
DOJ Accuses Biden-Appointed Judge Of ‘Unprecedented Defiance’ After Rejecting SCOTUS Ruling Allowing Deportations Authored by Debra Heine via AmericanGreatness.com, The U.S. Department of Justice on Tuesday accused an activist Biden-appointed judge of engaging in a “lawless act of defiance” against a Supreme Court decision that came down on Monday. The Supreme Court ruled that the Trump administration…
Goldman Weighs In On Tesla Robotaxi Launch
Goldman Weighs In On Tesla Robotaxi Launch Tesla officially launched its long-anticipated self-driving Robotaxi service in Austin, Texas, on Sunday. A select group of early-access users—many of them FSD beta testers and Tesla influencers on X—have begun sharing their experiences as the AI car company sets its sights on competing near-term with Waymo and, more broadly,…
Are immigrants self-deporting?
A recent paper from the Center for Immigration Studies suggests that the answer is yes: We preliminarily estimate that the number of illegal immigrants has fallen by one million since the start of the year, perhaps due to their leaving in response to President Trump’s election and stepped-up enforcement efforts. But it is important to…
Silver Price Shows What Government Has Done To Our Money
Silver Price Shows What Government Has Done To Our Money Authored by Douglas French via The Mises Institute, You hear about gas prices everyday. The President brags that per gallon prices have dropped to $1.99 in some places. After paying over $4.00 here in Las Vegas, I wonder where he is talking about. He ran…
Harvard Wins Injunction Against Trump Admin’s Student Visa Ban
Harvard Wins Injunction Against Trump Admin’s Student Visa Ban Authored by Aldgra Fredly via The Epoch Times, A federal judge on Monday issued a preliminary injunction halting enforcement of President Donald Trump’s proclamation that bars foreign nationals from entering the United States through Harvard’s student exchange visa program. District Judge Allison Burroughs granted Harvard’s request…
Solid 2Y Auction Stop Through Despite Weak Foreign Demand
Solid 2Y Auction Stop Through Despite Weak Foreign Demand With attention firmly on the equity meltup which has sent the S&P 1% higher and the Nasdaq looks like it will close in record territory, moments ago we had the week’s first Treasury coupon auction when some $69BN in 2 Year notes were sold to what…
I’m 55 with $2.5 million in Apple stock- can I use these capital gains for the first 5 years of my retirement?
Planning for retirement is a complicated process that can take years to wrap your head around. Having millions of dollars in stock is incredibly fortunate, but it also poses some hard-to-answer questions. One Reddit user shared his situation: he is 55 years old and has owned Apple stock for 30 years, which is now worth…
These American Cities Are Thriving, Some With Unemployment Rates Under Below 2%
Unemployment is one of the most important and closely watched economic indicators — and for good reason. Seen as a gauge for the strength of the country’s job market, the official unemployment rate reflects the share of Americans aged 16 and older who are out of work, despite actively seeking a job. At the individual…
DoE Declares U.S. Southeast Grid Emergency To Avert “Blackouts”
DoE Declares U.S. Southeast Grid Emergency To Avert “Blackouts” A massive heat dome is scorching the eastern half of the U.S., triggering widespread grid stress. The week began with emergency alerts across the Mid-Atlantic, including a multi-hour blackout in New York City’s Queens borough as power demand surged. Now, the Southeast grid is under similar…
Off Ramps, On Ramps
Off Ramps, On Ramps By Benjamin Picton, Senior Market Strategist at Rabobank Markets are in a jubilant mood as Donald Trump announced that Israel and Iran have agreed to a ceasefire to begin within hours. Brent crude prices have fallen by more than 7% at time of writing to $71.48/bbl and US equity indices have…
Senate GOP’s ‘Big, Beautiful Bill’ On The Brink As Tax Clashes, Medicaid Cuts And Parliamentarian Delays Derail Timeline
Senate GOP’s ‘Big, Beautiful Bill’ On The Brink As Tax Clashes, Medicaid Cuts And Parliamentarian Delays Derail Timeline Senate Republicans are in panic mode this week, frantically rewriting their so-called “big, beautiful bill” before a planned Thursday vote, but the trillion-dollar package is sagging under the weight of internal brawls, Medicaid landmines, and the looming…
“You’re Welcome”: Pennsylvania Boasts About Saving ‘Green’ Maryland From Near Power Grid Collapse
“You’re Welcome”: Pennsylvania Boasts About Saving ‘Green’ Maryland From Near Power Grid Collapse Pennsylvania State Sen. Kristin Phillips-Hill (R-York) wrote in a late Monday Facebook post that the state’s surplus electricity supplies were exported to Maryland during Monday’s peak demand surge, as temperatures in the region approached 100°F. She credited Pennsylvania’s stable power grid with preventing…
Companies Don’t Need Regulation to Cut Back on “Excessive Packaging”
Former Obama staffer Rahm Emanuel famously said, “You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things that you think you could not before.” There is a corollary here: never overlook an opportunity to invent a crisis. Perhaps it would be better said,…
Zohrangrad, NY
If you’ve ever thought to yourself, “You know what New York needs? The economic strategy of East Berlin implemented with the brain torque of AOC” then Zohran Mamdani might be your guy for Mayor. But for the rest of us—those who believe in the pesky idea that a city shouldn’t collapse under the weight of…
US Oil Producers Rushed To Hedge… Just In Time
US Oil Producers Rushed To Hedge… Just In Time Authored by Tsvetana Paraskova via OilPrice.com, U.S. oil producers rapidly increased hedging activities to lock in higher prices following a surge triggered by Israel’s strike on Iranian facilities. Hedge trades hit record highs on platforms like Aegis Hedging as producers anticipated short-term price spikes, aiming to…
Billionaire Investor Thinks Berkshire is Better Than the Pricey S&P in 2025
Monish Prabrai is a well-respected value investor who’s managed to build a fortune by effectively incorporating the teachings of the great Warren Buffett. Undoubtedly, he’s a man who’s well worth listening to, especially for self-guided investors seeking a bit more direction in a challenging market environment. While the S&P 500, an index commonly bought without…
Trump Chastises Russia’s Medvedev Over ‘Casually’ Saying The ‘N-Word’
Trump Chastises Russia’s Medvedev Over ‘Casually’ Saying The ‘N-Word’ President Trump while messaging seemingly non-stop on the Iran-Israel war found time late Monday to lash out at Russia’s deputy chairman of Russia’s Security Council Dmitry Medvedev over his latest nuclear-related comments connected to the ongoing Iran war. Trump chastised Medvedev for “casually” talking about nuclear weapons, especially…
3 Dividend All-Stars I’m Considering Right Now in July
It’s always good for investors to research new stocks and do further analysis on some stocks that they already know. Looking at a stock with a fresh perspective, different catalysts, and a new price can help you decide if that stock now makes sense for your portfolio. Investors can choose from many stocks, including ones…
Is NVDY’s 55% Yield from NVIDIA Stock Too Risky?
Key Points Some income seekers will turn to the NVDY ETF for significantly higher yield than what NVDA stock offers. Be careful, though, as NVDY involves major risks that could potentially outweigh the fund’s huge distribution yield. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in…
Peace Through Strength
Peace Through Strength By Peter Tchir of Academy Securities Academy’s Geopolitical Intelligence Group (“GIG”) weighed in on the American Strike. The overall assessment was that this was a good move: Helped re-establish deterrence and sent a strong message to all adversaries. The assessment was that Iran had limited capacity/capability to strike back. Iran would be…
Live Nasdaq Composite: Markets Take Leap of Faith Amid Ceasefire Hopes
Live Updates Live Coverage Updates appear automatically as they are published. No Recession 11:09 am by Gerelyn Terzo Fed Chairman Jerome Powell in testimony on Capitol Hill today said that the U.S. economy is not facing a recession. However, he does expect inflation to creep up once again, causing policymakers to hold back on cutting…
June Gloom Hits Consumer Confidence After Gay May; Inflation Expectations Plunge
June Gloom Hits Consumer Confidence After Gay May; Inflation Expectations Plunge After surging by the most in 14 years in May, analysts expected this morning’s June data for The Conference Board’s consumer confidence index to continue to rebound in June. However, it did not. The headline Confidence print disappointed, dropping from an upwardly revised 98.4…
Should I just go all in on a S&P 500 ETF? Feels like that just makes sense at this point.
Key Points Putting together a portfolio of stocks and other assets could generate strong returns. An easier approach could be to invest in the S&P 500 index. There’s a big question to ask yourself before going that route. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor…
Even Short Wars Are Costly, so Protect Your Wealth
This post Even Short Wars Are Costly, so Protect Your Wealth appeared first on Daily Reckoning. Wars go on and on… until they don’t. But first, wars tend to grow, and then they grow out of control. Romans had their god of war, Mars, who was considered a fickle entity. To old Romans, there was…
Watch Live: “Very Dumb” Fed Chair Testifies To Congress
Watch Live: “Very Dumb” Fed Chair Testifies To Congress Watch Fed Chair Powell’s testimony to Congress here (due to start at 1000ET): * * * In his prepared remarks ahead of this morning’s Humphrey-Hawkins testimony to Congress, Fed Chair Powell reiterated his comments from last week’s FOMC that the central bank is in no rush to lower…
Crude Slides After Trump Says China “Can Continue To Purchase Oil From Iran”
Crude Slides After Trump Says China “Can Continue To Purchase Oil From Iran” Trump continued his crusade against high oil prices, and US energy producers (recall yesterday he posted “EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!”), when the President posted on Truth Social…
After 3 years of retirement, I’m learning money isn’t enough – here’s what actually made retirement feel fulfilling
One of the many things that people learn after retirement is that it’s not all sunshine and rainbows. Whether you retire early or exactly at 67 years old, there is no guarantee that the moment you retire, all of your stresses will simply lift from your shoulders. Key Points There is no question that this…
Tesla’s Robotaxi Has Plenty of Believers
Tesla Inc. (NASDAQ: TSLA) stock made a big move when the company said its new self-driving robotaxi was on the road in Austin. It is the first public test of the technology. Tesla’s stock added 8% on the announcement. That has helped it recover from a huge sell-off that ran from February to early May….
Wall Street Price Prediction: Tesla’s Share Price Forecast for 2025
After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) were battered throughout Q1 2025. But since the start of Q2, the largest U.S. EV-maker was beginning to see its shares bounce back nicely. After falling by 41.50% through April 8, the stock has since gained more than 57% from its year-to-date low. Shareholders are hoping…
Russia’s Lavrov Says ‘WW3 Could Be Near’ After US Drawn In To Iran War
Russia’s Lavrov Says ‘WW3 Could Be Near’ After US Drawn In To Iran War Israel and Iran’s renewed and intensifying attacks at the start of this week, just prior to President Trump desperately trying to enforce a ceasefire, saw Russian Foreign Minister Sergey Lavrov warn that World War III “could be just around the corner” –…
There Was No US Strike on Iran
Humans have a tendency to obey political authorities even when it may not seem in each individual’s self-interest to do so. Nationalism is a modern manifestation of this phenomenon. After the US government’s strike on nuclear facilities of the Iranian government, there is little doubt that nationalism or tribalism will lead a large number of…
Rivian (NASDAQ: RIVN) Price Prediction and Forecast 2025-2030 for June 24
Shares of Rivian Automotive (NASDAQ:RIVN) were mostly flat over the past five trading sessions, eking out a gain of 0.02% that has done little to stop its one-month loss which now stands at 11.19%. On the year, the American EV maker remains up 3.02%, and over the past year, it has gained 23.98%. On June 2,…
NVIDIA (NASDAQ: NVDA) Price Prediction and Forecast 2025-2030 for June 24
Shares of NVIDIA Corp. (NASDAQ:NVDA) gained 0.57% over the last five trading sessions, continuing the recent rally that has seen the stock climb 6.40% over the past month. Year-to-date, NVDA is now up 4.24%, and over the past year the leader in chip makers has gained 22.06%. In April, as the deescalation of the U.S.-China trade war…
Tesla’s First Robotaxi Already Broken
Tesla Inc.’s (NASDAQ: TSLA) first test of the robotaxi on the open road has started in Austin. The intent is to demonstrate that the electric vehicle (EV) company has developed a completely self-driving vehicle that requires no driver. Based on a video of one of the vehicles driving erratically and a request about the incident…
New York City Voters Head To Polls For Highly-Contested Mayoral Election Primary
New York City Voters Head To Polls For Highly-Contested Mayoral Election Primary Authored by Arjun Singh via The Epoch Times, It’s primary day on Tuesday in New York City as voters there cast their ballots in party primary elections for city offices, with the Democratic Primary for the mayoral election being the most highly-watched and…
Stock Market Recovery: 3 Best High-Yield Dividend Stocks to Buy Now
With the stock market recovery in full swing, investors may be wondering if it’s time to get back in the higher-yielding dividend plays that are still well off their all-time highs as a “catch-up” trade of sorts. Undoubtedly, the market’s recent momentum has been quite powerful. Markets have held up even in light of recent…
The 4 Dividend Aristocrats Warren Buffett Would Buy Next
Key Points Warren Buffett is well known for favoring companies with a strong dividend track record. In addition to Dividend Aristocrat stocks held by Berkshire Hathaway, Buffett also owns stakes in additional Dividend Aristocrat stocks indirectly through New England Asset Management (NEAM), a subsidiary of General Re, which is wholly owned by Berkshire. Out of…
Five Popular Stocks Insiders Have Been Aggressively Buying
Key Points We have to consider that insiders buying their stock wouldn’t put up their own money unless they believed the move would be profitable. Billionaire investor John Paulson just bought 6,352,667 shares of pharmaceutical company, Bausch Health. Nvidia made early investors rich, but there is a new class of ‘Next Nvidia Stocks’ that could…
Stock Market Live June 24: S&P 500 (VOO) Soars as Israel-Iran Ceasefire Declared
Live Updates Live Coverage Updates appear automatically as they are published. Carnival Stock Surges 9:48 am Cruise operator and S&P 500 component company Carnival Corporation (NYSE: CCL) stock is surging 9.2% after beating on top and bottom lines in its Q2 earnings report this morning. Carnival reported $0.35 per share in adjusted earnings on $9.3…
US Home Prices Plunged In April – Biggest Drop Since Dec 2022
US Home Prices Plunged In April – Biggest Drop Since Dec 2022 After US home pries declined in March (the latest data) for the first time in over two years, this morning’s Case-Shiller Home Price Index data was expected to show another drop in the cost of buying a home. And the consensus was right…
The 20 Largest Social Security COLAs in History
Key Points Retirees on Social Security receive a cost-of-living adjustment (COLA) in most years. COLAs help to ensure benefits don’t lose buying power due to inflation. Seniors received some impressive COLAs in the 1970s and 1980s. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes…
‘He Knew We’d Attack’ – Israel Complains At Trump’s Comments After Iran Ceasefire Falters
‘He Knew We’d Attack’ – Israel Complains At Trump’s Comments After Iran Ceasefire Falters Despite last night’s big news of a Trump-declared ceasefire, the reality is it was little more than an effort at a pause, and it’s increasingly looking like neither side actually signed onto. Or at least each side issued ‘confirmation’ with a…
CrowdStrike (NASDAQ: CRWD) Stock Price Prediction and Forecast 2025-2030 (June 2025)
In the past month, CrowdStrike Holdings Inc. (NASDAQ: CRWD) reported solid first-quarter results and announced a $1 billion share repurchase plan. It also announced a collaboration with Microsoft, and a U.S. District Court dismissed a consumer class action lawsuit against CrowdStrike related to the global IT outage in July 2024. Earlier in the year, CrowdStrike…
These Questions Separate the Rich from the Poor According to Dave Ramsey
Debt has long been part of the American lifestyle. Many of us succumb to loans and credit cards when faced with financial predicaments, and these balances can be carried for months or years, continuing to grow under high interest rates. Dave Ramsey is one of the top financial gurus, and he has made a name…
Is SCHD’s Recent Drawdown a Buying Opportunity Like PEP – Here’s What I Discovered
The recent correction in the Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) has many passive income investors wondering if it’s time to load up or jump out. With the S&P 500 on its way to new highs, the dividend stock-heavy SCHD has been in a bit of a tough spot, still down 10% from its own…
“They Don’t Know What The F**K They’re Doing” – Furious Trump Slams Israel As Fragile Ceasefire Crumbles
“They Don’t Know What The F**K They’re Doing” – Furious Trump Slams Israel As Fragile Ceasefire Crumbles Update (Tuesday 0730ET): President Donald Trump unleashed a fiery statement to the press just moments before boarding Marine One. Trump declared, “We basically have two countries that have been fighting so long and so hard that they don’t…
Nvidia CEO Activates 10b5-1 Trading Plan, Kicks Off Stock Sales
Nvidia CEO Activates 10b5-1 Trading Plan, Kicks Off Stock Sales Nvidia CEO Jensen Huang has initiated a new 10b5-1 trading plan, aiming to sell up to 6 million shares by the end of the year. The timing follows a sharp rebound in Nvidia stock, which tumbled below $100 earlier this spring but has since surged…
Energy Sector Has Biggest Buying Since 2023: 4 Ultra-High-Yield Dividend Stocks Are on Fire
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Investors love dividend stocks, especially those with ultra-high yields, because they offer a significant income stream and have substantial total return potential. Total return includes interest, capital gains, dividends, and distributions realized over time….
Tether Teases Plans To Slay Wall Street, Big Tech Entering Stablecoin Arena
Tether Teases Plans To Slay Wall Street, Big Tech Entering Stablecoin Arena Tether CEO Paolo Ardoino teased the company’s ambitious plan to maintain its dominance in the rapidly growing stablecoin market, even as Wall Street and Big Tech signal their intent to enter the sector. In an interview with the popular crypto podcast Bankless, Ardoino…
This Shrinking County Will Lose More Than 1 Million Residents By 2100
Key Points Over the next 75 years, the U.S. population will grow by more than 30 million people. An increasing shift in population from rural areas to fast-growing metros in the South and West will create some population winners, and some losers. Some counties are forecast to shed more than 250,000 residents — some more…
