Category: Economy

The net worth of the three offspring of Walmart Inc. (NYSE: WMT) founder Sam Walton has risen to $359 billion. That is almost $28 billion higher in 2025. The increase is almost certainly part of a longer-term trend in Walmart stock, which has risen 26% over the past 12 months. Walmart’s market cap is $774…

Tesla Inc. (NASDAQ: TSLA) Model Y sales across Europe were rough for the U.S.-based electric vehicle (EV) maker. They were worst in Sweden, where sales fell 87% year over year in August. The Model Y was the best-selling car in Europe in 2023. 24/7 Wall St. Key Points: Sales of the Tesla Inc. (NASDAQ: TSLA)…

Paul Singer’s Elliott Management Goes Activist On Pepsi  Activist hedge fund Elliott Management has amassed a $4 billion stake in PepsiCo, as shares of the beverage and snack giant have declined by more than 24% from their peak in the summer of 2023. This comes as PepsiCo’s soda and food business units have been hemorrhaging market…

This post The Secret Sauce of High Reliability and Success appeared first on Daily Reckoning. I hope you had a good Labor Day weekend. Now, it’s back to work. Time to buckle down for the last part of the year, right? Along these lines, I recently visited a defense plant. It occupies an important place…

British Comedy Writer Arrested For Three Gender-Critical Tweets; Hospitalized As A Result Authored by Steve Watson via Modernity.news, An acclaimed comedy writer in the UK was arrested and thrown in a jail cell over three tweets that were critical of gender ideology, causing him to become extremely stressed and require hospitalisation. In a recent Substack post,…

US Manufacturing Surveys Surged In August As New Orders Jumped After tumbling in July, expectations for August’s US Manufacturing surveys were optimistic (with both ISM and S&P Global both expected to tick higher, though the former expected to remain in contraction). S&P Global’s US Manufacturing PMI rose dramatically from 49.8 in July to 53.0 in…

Violence Is Back As A Tool Of National Policy By Benjamin Picton, senior market strategist at Rabobank Flying Blind News broke yesterday that a jet carrying European Commission president Ursula von der Leyen had to land using paper charts after its GPS navigation systems were apparently jammed by Russia. Traveling to Plovdiv in Bulgaria, VDL’s…

Nvidia (NASDAQ:NVDA) had quite the impressive showing at its latest second-quarter earnings reveal. Sales growth, up 56% year over year, remained head and shoulders above its rivals in the Magnificent Seven. And with the bottom line topping estimates, investors may be a bit confused as to why shares didn’t rally in response to the number….

Key Points Ethereum (ETH) ETFs saw $1.87 billion in net inflows in July 2025, while Bitcoin (BTC) ETFs faced $1.02 billion in net outflows, with the trend continuing in August with $3.95 billion for ETH versus $301 million in BTC outflows. This marks two consecutive months of Ethereum outperforming Bitcoin in capital inflows, driven by…

J.K. Rowling Completely Obliterated Her Critics With One Powerful Post Authored by Matt Margolis via PJMedia.com, Chris Columbus, director of the first two Harry Potter films, has declared that a reunion of the original cast is “never going to happen,” blaming J.K. Rowling’s controversial views on transgender issues. Columbus described the situation as “so complicated…

Nestlé Fires CEO Over “Undisclosed Romantic Relationship With Direct Subordinate”  Nestlé shares are lower in Switzerland after the company abruptly terminated its CEO, Laurent Freixe, for an undisclosed relationship with a direct subordinate. “The departure of Laurent Freixe follows an investigation into an undisclosed romantic relationship with a direct subordinate which breached Nestlé’s Code of Business Conduct,” Nestlé…

Futures Tumble As Yields, Dollar Spike; Gold Hits All Time High Following our warning that September tends to be the worst month for the S&P by a wide margin… September is by far the worst month for stocks in the broken markets (post QE) era pic.twitter.com/iEZxKja6Ui — zerohedge (@zerohedge) September 1, 2025 … US equity…

“Quite Dangerous”: Gilt Yields Hit Highest In 27 Years As UK Budget Bungle Rattles Investors UK capital markets are creaking once again as investors’ confidence in the Starmer government is crushed amid concerns over the fiscal outlook. The yield on long-dated UK bonds rose to the highest since 1998… Source: Bloomberg …and the pound was…

White House ‘Very Optimistic’ Supreme Court Will Strike Down Tariff Ruling, Navarro Says Authored by Jack Phillips via The Epoch Times, Top White House trade adviser Peter Navarro said that an Aug. 29 court ruling that struck down most of President Donald Trump’s tariffs would cause negative economic consequences, but he said he’s “very optimistic”…

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) gained 0.21% over the past five trading sessions after losing 9.54% the five prior sessions. But that’s done little to derail the stock’s 2025 rally that’s seen PLTR gain more than 108% YTD. Over the past year, PLTR is up nearly 414%, and since going public in October 2020,…

Key Points The Vanguard S&P 500 ETF (VOO) tracks the S&P 500 Index, providing investors with diversified exposure to the 500 largest U.S. companies across various sectors, making it a cornerstone for long-term investment portfolios. With an expense ratio of just 0.03%, VOO is one of the most cost-effective ways to invest in the U.S….

Tesla’s European Sales Slump Continues Into August Authored by Tom Ozimek via The Epoch Times, Tesla’s sales slump in Europe extended into August, with sharp declines in key markets underscoring the U.S. electric vehicle (EV) maker’s struggles against rising Chinese competition and a consumer backlash against CEO Elon Musk. Fresh data from French car industry…

When we think about Social Security payouts, our minds are immediately drawn to how retirees should spend the money. Whether it’s used to live on or as part of an overall income alongside a 401(k), it’s all about enjoying retirement.  Key Points This Redditor recently lost a parent and is now set to receive survivor’s…

Bessent: “We May Declare A National Housing Emergency In Fall” Treasury Secretary Scott Bessent told the Washington Examiner on Labor Day that the Trump administration may declare a national housing emergency in the coming months to address the affordability crisis. Bessent’s comments come just ahead of an expected interest-rate cut cycle, underscoring the administration’s urgent effort to…

The Citi Strata Elite credit card is a pretty powerful high-end card when leveraged effectively. And while not everyone has had a good experience, such as this Reddit user who shed light on the troubles it gave them during their travel voyage, I do think that dismissing a card because of an anecdotal experience isn’t…

Novo Shares Gain As Wegovy Shows Big Edge Over Lilly’s Tirzepatide In Heart Study   Novo Nordisk shares rose in Copenhagen trading on Monday after the pharmaceutical giant reported on Sunday that its weight-loss drug Wegovy reduced the risk of heart attack, stroke, or death by 57% compared with tirzepatide, the active ingredient in Eli Lilly’s…

Mohammed Becomes Most Common Name Among Welfare Benefit Recipients In Germany Authored by Thomas Brooke via Remix News, New figures released by Germany’s federal government have reshaped the rankings of citizen’s allowance recipients in the country, placing Mohammed and its many spelling variants at the top of the list. A recent government response to an…

Houthis Target Israeli-Owned Tanker As Retaliation For Slain Prime Minister In apparent retaliation for massive Israeli strikes which killed the Yemeni Houthi prime minister, Ahmed al-Rahawi, last week – who was the most senior Houthi official to have been slain in the ongoing conflict thus far, among other high ranking officials and commanders – the Houthi military…

China Is Unlikely To Play A Major Role In The Ukrainian Endgame Authored by Andrew Korybko via Substack, The most that China is expected to do is deploy peacekeepers together with other countries per a potentially forthcoming UNSC Resolution that would likely see these forces jointly patrol whatever the “Line of Contact” may be and…

Canadian Hikers Get The COVID-Style Tyranny Treatment Authored by Jim Bovard Canadian politicians are creating one bonfire after another of freedom and individual rights. COVID crackdowns established persecution precedents that politicians in some provinces refuse to allow to gather dust. Politicians are claiming the right to financially cripple anyone who makes a single misstep in violation of…

Europe Advancing ‘Precise’ Plans For Troops In Ukraine, Backstopped By US European Commission President Ursula von der Leyen told the Financial Times that European nations are developing detailed plans to potentially send troops to Ukraine as part of a future peace agreement, despite it being obvious to all the world that Moscow would never agree…

If you read my blog, I’m sure you’ve already heard that gold has hit new all-time highs tonight. This, as I often joke, means that every single person who has ever recommended gold to go up in the history of forever—in nominal U.S. dollar terms—has been proven right as of this second. Of course, I’m…

Labored Daze Authored by Charles Hugh Smith via OfTwoMinds blog, In the labored daze of AI hype and GDP “growth,” few seem to notice the workforce is tired of being exploited as an uncomplaining resource. “Great Powers” claim their greatness on prestige technologies and military force, but how do they measure up if we change…

Electromagnetic Weapon Destroys Drone Swarm In Seconds: ‘Singularity Event’ Drones have quickly become all the rage among military leaders and Silicon Valley investors, but new weaponry could threaten the nascent technology’s swift rise. Last Tuesday, defense contractor Epirus quietly tested its latest electromagnetic weapon, Leonidas, against a swarm of 49 quadcopters, neutralizing them in seconds…

US To Deploy Controversial Typhon Missile System To Japan For First Time Authored by Dave DeCamp via Antiwar.com, Russia and China strongly condemned the deployment of the Typhon, which would have been banned by the now-defunct INF Treaty… The US Army announced on Friday that it will be deploying the controversial Typhon missile system to Japan for drills in…

AI & The New Frontier Of Torts: ChatGPT Faces Claims Of Suicide, Defamation, & Even Murder Authored by Jonathan Turley, “I know what you’re asking, and I won’t look away from it.” Those final words to a California teenager about to commit suicide were not from some manipulative friend in high school or sadistic voyeur…

Now, I’ve done quite a few posts on the YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) of late. The dividend yield, which is floating around 89%, looks rich again, thanks in part to plentiful demand for call options on a number of stocks that ULTY’s active managers have written via a covered call strategy. And…

Ukraine War To Drag On With No End In Sight: Germany’s Merz Hawkish European leaders continue to speak in terms of Cold War-era domino theory nonsense, with the assumption that Russia aims to take over European countries one by one. This is exactly how German Chancellor Friedrich Merz sounded in telling German public broadcaster ZDF…