Category: Economy

GOP Canceling $9 Billion Approved Spending: Who Could Be Affected? Authored by Tom Ozimek via The Epoch Times (emphasis ours), President Donald Trump’s $9 billion rescissions package, advanced by Senate Republicans in a narrow procedural vote on July 15, seeks to claw back funding that Congress had already approved for foreign aid, humanitarian programs, and…

America’s Biggest Medical Facility For Transgender Youth Is Shutting Down Authored by Tom Ozimek via The Epoch Times (emphasis ours), Children’s Hospital Los Angeles (CHLA), the nation’s largest provider of gender procedures for youth identifying as transgender, announced it will shut down its program on July 22, citing mounting legal and financial pressures stemming from…

Sanctimonious Reporter Says He Got “PTSD” From Trump Assassination Attempt Because Of MAGA Supporters Just when you thought mainstream media couldn’t sink lower, they surpass expectations with a new low. CBS News Capitol Hill correspondent Scott MacFarlane is prompting eyerolls for comments made during an interview with former NBC host turned podcaster Chuck Todd, where…

China Will Sentence Fentanyl Traffickers To Death, Trump Says Authored by Travis Gillmore via The Epoch Times, President Donald Trump on Wednesday told a crowd at the White House, which included dozens of family members of fentanyl poisoning victims, that China will honor a deal he made with Chinese leader Xi Jinping during his first…

What Parents Should Expect After Supreme Court’s Ruling On Opt-Outs From Pro-LGBT Storybooks Authored by Aaron Gifford via The Epoch Times (emphasis ours), When classes resume in public schools next month, parents across the nation should expect notification from school administrators about any “LGBTQ+ inclusive” instruction and the right to opt their children out of…

Biden Admits He Didn’t Sign Pardons. Emails Show Staff Did It For Him Authored by Luis Cornelio via Headline USA, Former President Joe Biden has admitted that he didn’t manually sign all of the pardons he issued before leaving office in January.  In a softball interview with The New York Times that ran on Sunday, Biden revealed that his staff…

Netanyahu ‘Regrets’ Deadly Attack On Gaza Church After Terse Trump Call Thursday witnessed another Israeli strike on a church in Gaza, which killed three people and injured at least six others. Among the wounded was the parish priest. Hundreds of Palestinians were sheltering at Holy Family Catholic Church in Gaza City when the church roof…

Secret Meeting Opens Document Floodgates On Trump/Russia Hoax: Sperry Authored by Paul Sperry via RealClearInvestigations, The floodgates holding back long-buried classified documents exposing government efforts to claim Donald Trump conspired with Vladimir Putin to manipulate the 2016 U.S. presidential election might finally be opening.  Trump administration officials held an urgent meeting Sunday to discuss “new…

Netflix Dips Despite Top- & Bottom-Line Beat, Higher Guidance With Netflix shares trading near their highest valuations going back to 2022, there was a lot riding on the streaming giant’s earnings report tonight (and its outlook for the months ahead). “Netflix shares are priced for perfection, there isn’t a lot of room for error,” said…

US Spot Ether ETFs Post New Record Inflow As Altcoins Pump Authored by Tarang Khaitan via CoinTelegraph.com, US spot Ether exchange-traded funds recorded an inflow of $726.6 million on Wednesday as altcoins rallied. BlackRock’s ETHA also saw a daily inflow record, contributing $499 million to the day’s results, while Fidelity’s FETH fund saw the second…

Seeya! Trump Ships 5 Illegals With Violent Crime Records To Tiny African Kingdom In something that rings a little like a dandy practical joke, five violent illegal immigrants from all over the world woke up this morning in a tiny African kingdom none of them ever heard of, thanks to the Trump administration’s latest third-country…

Yield Curve Control? Why Not… By Peter Tchir of Academy Securities There is a lot of chatter surrounding the Federal Reserve. The FOMC, etc. What the President will or will not do. What can be “successfully” done or not. Will Powell be fired? Today, Kevin Warsh is floating the idea of better aligning the Fed…

Watch: Chinese Military Unveils Robot Murder Wolves, Drones That Definitely Violate Asimov’s Laws The Chinese military conducted tactical exercises integrating robotic wolves and infantry-operated drones, underscoring Beijing’s push to deploy unmanned systems in modern combat operations, according to state-run media. The 76th Group Army’s drills focused on battlefield coordination between personnel and autonomous technologies for…

USDt Market Cap Hits $160B, Cementing Its ‘Digital Dollar’ Role: Tether CEO Authored by Amin Haqshanas via CoinTelegraph.com, The market cap of Tether’s USDt, the world’s largest stablecoin, has surpassed $160 billion for the first time, a “new mind-blowing milestone,” according to Tether CEO Paolo Ardoino. In a Thursday post on X, Ardoino called the achievement a…

China Demands Its Shipping Giant Join Western-Led Panama Ports Deal A new report from the Wall Street Journal suggests that President Trump may be growing concerned—or is already alarmed—by this new development: Beijing is now demanding that China’s largest shipping company, Cosco, be included in the Western-investor deal to purchase ports from Hong Kong–based CK…

Study Finds Congress Often Out Of Sync With America Authored by Adair Teuton via RealClearPolitics, In an era of deep political polarization, a new study indicates that many members of Congress may be out of step not just with the opposition party, but with their own voters as well. The study by the Institute for…

Jill Biden Aid Pleads 5th: Refuses To Answer Questions On Autopen Scandal With the recent shocking admission by Joe Biden that he did not personally approve at least some of his sweeping presidential pardons and that they were signed by autopen, millions of Americans are questioning how many decisions in the Biden White House were…

Natural Gas Is America’s Strategic Advantage Fueling The AI Race Authored by Karen Harbert via RealClearEnergy, Today, countries around the globe are in a new race for primacy of artificial intelligence (AI) that will define economic and technological competition in the 21st century. As global powers like China accelerate investments, America’s ability to lead hinges…

Ethereum’s ‘Trustware’-Era Could Push ETH Over $15k – Consensys Authored by Nate Kostar via CoinTelegraph.com, As Ethereum nears its 10th anniversary, blockchain company Consensys is proposing a new way to think about the network’s role in the global economy: as critical infrastructure for what it calls a “trustware” era. According to Consensys, Ethereum is evolving…

US Strikes Destroyed Only One Of Three Iranian Nuclear Sites: Intel Assessment The intelligence-gathering saga and (highly politicized) efforts to ascertain just how much of Iran’s nuclear program was truly destroyed during the US attacks on Iran called “Midnight Hammer” on June 22 continues. And now NBC is reporting that it was likely much less…

Key Points in This Article: AI tech giants like Nvidia (NVDA) and Microsoft (MSFT) have driven market gains, but a narrow focus on these stocks may miss broader opportunities. While the Nasdaq 100’s 34% recovery since April is impressive,  it lags indices with more diverse exposure. Key sectors like healthcare, financials, and smaller tech firms,…

DOJ Fires James Comey’s Daughter, Who Handled Epstein And Maxwell Cases Authored by Ken Silva via Headline USA, The Justice Department has fired Maurene Comey, the daughter of former FBI director James Comey and a federal prosecutor in Manhattan who worked on the cases against Sean “Diddy” Combs, Ghislaine Maxwell and Jeffrey Epstein. Maurene Comey was key in covering up…

This post A Visit to Jersey appeared first on Daily Reckoning. The sun shone hot. The palm trees swayed. And the beaches glistened. But this was not some tropical island paradise. This was Jersey, a ‘tax haven’ island in the English Channel. It reminded us of Bermuda — with vaguely similar architecture, topography, flora and…

Trump Says Coca-Cola Agreed On Major Reformulation To Use Real Cane Sugar  Just days after the White House released a list of massive corporate changes across parts of the processed foods industrial complex—including the removal of toxic synthetic dyes, seed oils, and dozens of harmful additives—President Trump posted on Truth Social that Coca-Cola will begin reformulating its U.S. products…

Lucid Shares Soar On Robotaxi Alliance With Uber, Nuro America’s robotaxi race is entering a new phase, inching closer and closer to a hyperscaling inflection point. With Waymo rapidly expanding across U.S. cities and Tesla’s robotaxi fleet launching in Austin, Texas, this June, the momentum is building. Now, a new alliance emerges—Uber Technologies, EV maker Lucid Group,…

Starbucks Corp. (NASDAQ: SBUX) CEO Brian Niccol has made several poor decisions since he took his job in September. Among the worst, if not the worst, is that Starbucks runs out of food at some locations. It is an invitation for people to leave their stores and buy their coffee and food somewhere else. Perhaps…

Like a Greek chorus, Ford Motor Co. (NYSE: F) management says it will improve its quality problems. These claims hurt the relationship with customers and make it harder to sell cars to potential new buyers. They also cost Ford hundreds of millions of dollars in charges to its quarterly financials. CEO Jim Farley has repeatedly…