Category: Economy

When you think about credit card use, there is almost always something that people may not understand that can land them in trouble. Whether it’s a misunderstanding about how the annual percentage rate works or how cash advance fees are charged, there is always the chance for something to go wrong.  Key Points The notion…

Just a few days ago, I shared an update on my views around psychedelics—both as a mental health tool and as a speculative investment theme. At the start of the year, I highlighted psychedelics as a space where science, sentiment, and politics might finally align to legitimize an industry long stuck on the fringes. I…

Goldman, UBS Encouraged By Burberry’s Turnaround Momentum After Earnings Print  The global luxury market remains under pressure across all major regions—from Asia to Europe to the U.S.—but one brand may be turning a corner. British trench coat maker Burberry has been undergoing a multi-quarter turnaround, showing early signs of a potential bottoming out. A sustained…

One of the car industry’s most important yardsticks is “market day supply” or “days to turn.” This represents the time a car spends on a dealer lot from when it is delivered to when it is sold. The industry average is about 60 days. Some hot-selling cars have figures closer to 25 days. Audi has…

Key Points in This Article: Bitcoin (BTC) and XRP (XRP) represent opportunities for investors to turn a modest investment into millions, but which is likely to succeed? BTC’s strength as digital gold, driven by institutional adoption and ETF inflows, contrasts with XRP’s utility in Ripple’s cross-border payment solutions and tokenized asset ecosystem. Regulatory developments and the…

Key Points Adobe got slapped with a pair of downgrades to start the month. AI risks have these new bears souring on the stock. On the flip side, a major bull is staying the course with Adobe as it looks to fight off AI with AI. If its Agent Orchestrator goes right, perhaps Adobe can…

Pumping The Brakes On Alternative Energy Authored by Gary Abernathy via The Empowerment Alliance, The Trump administration’s impressive efforts to reboot traditional, reliable energy in the U.S. are a godsend not only for Americans but for people around the world. Whether reversing Biden-era prohibitions against offshore drilling or fast-tracking permits for natural gas exploration and…

Crypto Market Cap Tops $4 Trillion As House Passes All 3 ‘Crypto Week’ Bills In a decisive move for the future of Bitcoin and crypto in the United States, the House of Representatives has officially passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act,  , and the Anti-Central Bank Digital Currency (CBDC) Act.  As…

Renter Nation Returns: Surge In Multi-Family Unit Starts & Permits Saves US Housing Market Despite homebuilder confidence in the toilet (and Pulte’s daily calls alongside Trump for lower rates), US Housing Starts and Permits surprised to the upside in June. Housing Starts jumped 4.6% MoM (+3.5% MoM exp), rebounding from May’s 9.7% MoM tumble. Building…

Futures Flat With $2.8 Trillion In Options Set To Expire US equity futures are flat even as the global equity rally extended into Europe, following Friday’s gains in Asia and Thursday’s record close on Wall Street. As of 8:00am, S&P futures are unchanged while Nasdaq 100 futures rise 0.1% after NFLX had a solid report, but…

Key Points in This Article: The U.S. economy is giving conflicting signals, yet certain sectors are poised to thrive amid innovation and policy shifts. With the Federal Reserve holding tight on interest rates and potential tariff-driven inflation feared to be around the bend, two ETFs targeting resilient, high-potential sectors offer strong opportunities for a $1,000…

Chevron Clears Final Hurdle To Hess Megadeal After Winning Exxon Arbitration Shares of Chevron and Hess climbed in premarket trading in New York after the International Chamber of Commerce (ICC) in Paris rejected Exxon Mobil’s attempt to block Chevron’s $53 billion acquisition of Hess.  An arbitration panel from the ICC dismissed Exxon’s claim that it had the right…

“False, Malicious, Defamatory” – Trump Demands Unsealing Of Epstein Files, Threatens Lawsuit After WSJ Hit Piece Donald Trump sent notorious sex-trafficker Jeffrey Epstein a bawdy birthday letter with a drawing of a naked woman, an acknowledgement that the two “have certain things in common,” and a wish for “every day [to] be another wonderful secret,”…

EU Rolls Out Toughest Oil Sanctions Yet On Russia In 18th Round Brent crude futures rose earlier after the European Union approved its 18th round of sanctions against Russia over the war in Ukraine. However, with a multi-year track record of Western sanctions—and repeated predictions by their leaders that Moscow would collapse due to lost…

What Could Possibly Go Wrong? New York Democrats—and the broader party in desperate need of a course correction—continue to double, triple, and even quadruple down on all things woke. They’ve now taken it a step further by openly cheerleading socialism and Marxism. This increasingly radical un-American direction, backed by a network of dark money-funded NGOs,…

President Trump recently signed the “Big, Beautiful” bill, which introduces a temporary “senior bonus” deduction of up to $6,000 for individuals aged 65 and older ($12,000 for married couples filing jointly) for tax years 2025 through 2028. This deduction applies to those earning up to $75,000 (single) or $150,000 (married), phasing out at $175,000 for…

The Hidden Risks In Common Breakfasts – And How To Fix Them Authored by Zena le Roux via The Epoch Times (emphasis ours), In much of the Western world, breakfast has become a rushed ritual of sugary cereals, flavored yogurts, and white toast. These habits may feel normal, but they’re far from harmless. AtlasStudio/Shutterstock Many…

It May Soon Be Morning In America For TikTok, Too Authored by Sam Raus via RealClearPolitics, Freedom is in the air. America just celebrated the Fourth of July – our Independence Day – as the nation approaches its 250th birthday next year. The Trump administration has notched a major legislative victory, passing its long-promised reconciliation…

Israeli Leaders Call For Syrian President’s Assassination Hardline and outspoken Israeli Security Minister Itamar Ben Gvir has called for Israel to “eliminate” Syrian President Ahmed al-Sharaa, following the latest escalation in sectarian violence this week. “The shocking images from Syria prove one thing: once a jihadist, always a jihadist,” Ben Gvir said in a video…

France’s Budget Battle Exposes EU’s Centralist Overreach Submitted By Thomas Kolbe In an effort to relieve pressure from France’s ballooning debt crisis, Marine Le Pen, leader of the Rassemblement National, has called for a reduction in the country’s contribution to the European Union. On the very same day, Brussels unveiled its colossal €2 trillion mega-budget….

‘Unacceptable’: Von der Leyen’s €2 Trillion EU Budget Blasted By Germany Amid Botched Rollout In a huge embarrassment for EU leadership, the day following European Commission chief Ursula von der Leyen having presented an ambitious some 2 trillion euro, seven-year EU budget in Brussels, the government of Germany has made clear its firm rejection, calling the…

Why Iran Fears A Syria-Azerbaijan Axis Authored by RFE/RL staff via OilPrice.com, Syria and Azerbaijan pledged to deepen ties, including a landmark Azerbaijani gas export deal via Turkey. Iranian media warned of a potential redeployment of Syrian fighters into the Caucasus, heightening regional tensions. Reports of Israeli-Syrian contacts in Baku added to Tehran’s suspicion of…

At Sotheby’s Auction, $30 Million Dinosaur Skeleton Stuns As Martian Meteorite Sets Record A 54-pound fragment of Mars, dislodged by a cosmic collision and hurled 140 million miles to Earth, became the most valuable meteorite ever sold at auction on Wednesday. But it was a rare young dinosaur skeleton that captured the spotlight – fetching…

House Committee Leaders Urge FBI To Halt Certifying Chinese Biometric Devices Authored by Frank Fang via The Epoch Times (emphasis ours) The bipartisan leaders of a House committee are urging the FBI to halt the certification of biometric products manufactured by Chinese tech companies, citing risks to U.S. national security. The ranking member of the…

NATO Top Commander: Patriots Must Move From European Allies To Kyiv ‘As Quickly As Possible’ NATO’s top military commander, US Air Force Gen. Alexus Grynkewich, announced Thursday that efforts are underway to expedite the delivery of additional Patriot air defense systems to Ukraine, amid nightly waves of drone and missile attacks which are regularly in the…

‘We Are Not For Sale’ – Governor Blocks Chinese-Owned Company From Buying Land In Utah Authored by James Xu via The Epoch Times (emphasis ours), Utah Gov. Spencer Cox said on Tuesday that a Chinese-owned company has been blocked from purchasing state land as a result of legislation that bans land ownership from entities deemed…

US To Build Fast Boat Base In The Philippines To Confront Chinese Vessels Authored by Dave DeCamp via AntiWar.com, The US will fund and construct a base for fast boats for the Philippine military on the South China Sea amid heightened tensions between Manila and Beijing over disputed rocks and reefs in the area. The base will…

Democratic Socialism Is Totalitarianism Authored by William Anderson via The Epoch Times, After writing about the upset election win of socialist Zohran Mamdani in New York City’s Democratic mayoral primary, a reader sent me an angry email, telling me that Mamdani was a “democratic socialist,” and that Sen. Bernie Sanders and Rep. Alexandra Ocasio-Cortez were “social democrats.”…

Why Is Modern Society Obsessed With “Incels” And Controlling Masculinity? Since ancient times and the rise of the first empires and monarchies political elites have sought to manage and control what they sometimes referred to as the “warrior class”; groups of men with the skill and ability to topple governments and ravage nations. For the…

For National Security, We Need Uranium Mined In America Authored by Ivan Maldonado via The Epoch Times (emphasis ours), Perhaps it’s too soon to mark nuclear power’s revival in the U.S. but there is a burst of activity that should ultimately yield a new generation of advanced nuclear plants and small modular reactors. Two miners…