Category: Economy

Retail Drives Nvidia To Become World’s First $4 Trillion Market Cap Company For the first time ever, a company has achieved a market capitalization of $4 trillion. And that company is none other than Nvidia… Source: Bloomberg After plunging by over $1 trillion during the Liberation Day chaos (and DeepSeek), NVDA has soared back by…

Red Sea Chokepoint Crisis: Houthis Release Dramatic Footage Of Cargo Ship Attack Iranian-backed Houthi attacks on commercial ships in the strategic Bab el-Mandeb/Southern Red Sea corridor have intensified following U.S. airstrikes on three Iranian nuclear facilities, ordered by President Trump. This marks a significant escalation of asymmetric Iranian-proxy operations aimed at choking the critical maritime chokepoint. …

There is no question that dividends are among one of the most popular investor strategies right now, but it wasn’t always this way. However, stocks and ETFs like MSTY have given rise to the idea that you can create significant passive income from dividends, while not ignoring growth stocks.  Key Points If you want an…

The value of privately held rocket company SpaceX rose to $400 billion based on recent stock sales in the private market. The valuation was $350 billion in December. Founder Elon Musk owns 42% of SpaceX and 79% of its voting shares. Key Points SpaceX Is One Of Elon Musk’s Biggest Holdings The Value Of SpaceX…

The world has a new No.2 richest person behind No.1 Elon Musk. Larry Ellison, founder of Oracle  (NASDAQ: ORCL) has slipped by Mark Zuckerberg as his net worth hit $254 billion according to Bloomberg. Musk’s figure is $349 billion. There is a striking difference between the two. Ellison’s figure is up $57 billion this year….

Texas AG Issues Warning On Scammers Targeting Flood Victims Authored by Jack Phillips via The Epoch Times (emphasis ours), Texas Attorney General Ken Paxton warned that scammers are targeting people by taking advantage of the flooding disaster in the central part of that state, which has left more than 100 people dead. Flooding caused by…

Meta Takes $3.5 Billion Stake In EssilorLuxottica To Accelerate AI Smart Glasses Push Meta Platforms has reportedly acquired a nearly 3% stake in EssilorLuxottica (ESLX)—the world’s largest eyewear maker and parent company of Ray-Ban and Oakley—in a deal valued at $3.5 billion, according to Bloomberg. Sources indicate that Meta may increase its stake to 5% over…

At the start of the year, I shared my belief that psychedelics were entering a pivotal moment—one where science, sentiment, and politics might finally converge to legitimize an industry long relegated to the fringes. I also pointed out a couple of stocks I found interesting to get exposure to the nascent industry. No doubt, this…

“Unprepared And Entitled”: College Grads Unpopular With Hiring Managers, Survey Finds Authored by Seth Rosevear via The College Fix, A recent survey from Intelligent found that “1 in 4 hiring managers say recent grads are unprepared for the workforce” and “1 in 8 managers [are] planning to avoid hiring them in 2025.” The main reasons…

China’s Mysterious “Bohai Sea Monster” Spotted For First Time China’s mysterious “Bohai Sea Monster” wing-in-ground effect (WIG) craft has been seen in full for the first time, according to a report. The Ekranoplan, which is a special ultra-low flying aircraft made up of features from ships, airplanes, and hovercraft, was first spotted in the northwest…

Trump’s Truth Social Files S-1 For ‘Crypto Blue Chip’ ETF Authored by Stephen Katte via CoinTelegraph.com, The US Securities and Exchange Commission has accepted Trump Media’s application for a Bitcoin and Ethereum exchange-traded fund, starting the clock for the agency to approve or reject the proposed fund.  The ETF proposes offering investors exposure to Bitcoin…

Is The US Dollar Primed For A Digital Rebound? After decades as the world’s unrivaled reserve currency, the U.S. dollar’s dominance is eroding in traditional financial systems. The U.S. dollar now accounts for 58% of foreign exchange reserves—its lowest share in decades.  Yet in the rapidly evolving digital economy, the dollar is staging a powerful resurgence. In…

Central-Planning Car-Production In Italy Blows Up Spectacularly, US Next Authored by Mike Shedlock via MishTalk.com, Stellantis agreed to build 1 million cars in Italy. It’s on a pace for 440,000… Who Is Stellantis? Stellantis, a global automotive group formed by the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA. It encompasses several iconic American…

Berlin Summons Chinese Ambassador After Warship Targeted German Plane With Laser Germany is blistering angry, and has summoned the Chinese ambassador, after its military alleged that a China’s People’s Liberation Army (PLA) vessel targeted a German aircraft with a laser during a European Union joint operation. “Endangering German personnel & disrupting the operation is entirely unacceptable,”…

Gov’t Report Exposes Astronomical Crime-Rates For Young Foreigners Compared To German Youth Via Remix news, New German federal government statistics indicate that young foreigners are disproportionately represented as suspects in numerous crimes, with particularly significant differences in street crime and shoplifting. The suspect burden figure (TVBZ) has been compiled by the Federal Criminal Police (BKA) and published…

Vestas Wind Power CEO Urges EU To Sharpen Its “Fragmented” Energy Policy Henrik Andersen, CEO of Danish wind turbine giant Vestas Wind Systems A/S, has issued a stark warning to European policymakers: without stronger and more cohesive industrial strategies, Europe may lose its edge in renewable energy manufacturing to the U.S. and other regions. “Wind…

BRICS’ Condemnation Of The Pahalgam Terrorist Attack Proves That China Politicized The SCO Authored by Andrew Korybko via Substack, The Rio Declaration that followed the latest BRICS Summit in that coastal Brazilian city saw all members, including China, condemn late April’s Pahalgam terrorist attack in paragraph 34: “We condemn in the strongest terms the terrorist attack in…

Israel Defense Minister Unveils Plan For ‘Concentration Camp’ In Gaza With Gaza ceasefire negotiations under way and President Trump raising hopes of a deal being reached by week’s end, Defense Minister Israel Katz on Monday revealed that the IDF will create what it calls a “humanitarian city” in the wasteland that is Rafah, and then forcibly…

New ‘Mind-Reading’ AI Predicts What Humans Will Do Next Via StudyFinds, MUNICH — An artificial intelligence system can now predict your next move before you make it. We’re not just talking about whether you’ll click “buy now” on that Amazon cart, but rather how you’ll navigate complex decisions, learn new skills, or explore uncharted territory….

Syria’s Sharaa Met With Top Israeli Officials In ‘Quiet’ Normalization Effort: Reports A Syrian newspaper as well as several Israeli media sources are reporting that Syrian President Ahmed al-Sharaa, who previously went by Abu Mohammad al-Jolani and is the founder of Syrian al-Qaeda, has met with Israel’s National Security Adviser Tzachi Hanegbi in Abu Dhabi in…

‘Green’ China Runs On Dirty Coal Authored by James Gorrie via The Epoch Times, In 2020, China announced its plan to achieve carbon neutrality by 2060, with peak emissions expected to occur in 2030 and then decline thereafter. According to Gao Yuhe, a Beijing-based project leader quoted by Greenpeace last month, it could be sooner than that. He said…

Deep Staters On Edge As DOGE’s DoD Strike Team Hits Pentagon With Sweeping Contract Cuts The U.S. Department of Defense has failed every single financial audit since audits began in fiscal year 2018. Despite commanding the largest budget of any federal agency—nearly $850 billion annually—the Pentagon still can’t account for large swaths of its spending. Over the…

White House Report Reveals Top Earners, Staffers Working For No Salary Authored by Jack Phillips via The Epoch Times (emphasis ours), The Trump administration on Thursday released its yearly report that shows the salaries for White House staffers, also revealing officials who aren’t accepting salaries at all. The White House on July 1, 2025. Madalina…

“Coward, Wannabe Thug Stuff”: 3 Killed And 13 Shot In Philly Gun Battle Caught On Video A deadly mass shooting in the Grays Ferry section of Philadelphia early Monday morning left three people dead and 10 others injured, including several teenagers. The gunfire erupted just before 1 a.m. on the 1500 block of South Etting…

The Mustang Mach-E, which is one of Ford’s flagship EVs, has an odd brand origin. It is an EV crossover, named after an iconic gas powered sports car which was launched in 1964. Sales blew through Ford’s (NYSE: F) expectation; Over 400,000 Mustangs were sold that first year. The gas powered Mustang is back. It…

This post The World According to Rick Rule appeared first on Daily Reckoning. This week I’m down in Boca Raton, Florida with Jim Rickards and Byron King at Rick Rule’s annual investment conference. Rick is a legend in the natural resource investing space. This conference is a bit like Mecca for gold, silver, and hard…

Iran ‘Rapidly’ Beefs Up Air Defenses With Chinese Help After Israel Ceasefire Via Middle East Eye Iran has taken possession of Chinese surface-to-air missile batteries as Tehran rapidly moves to rebuild defensives destroyed by Israel during their recent 12-day conflict, sources have told Middle East Eye. The deliveries of Chinese surface-to-air missile batteries occurred after a de-facto truce was struck…

Trump Extends Federal Hiring Freeze Until October President Donald Trump issued a memorandum on July 7 extending the federal hiring freeze until Oct. 15, while maintaining exemptions for positions related to the armed forces and public safety. Trump initially imposed a hiring freeze in January, at the start of his second term. It was later…

Saudi Arabia Keeps Executing Foreigners On Drug Charges At ‘Horrifying’ Rate Via Middle East Eye There has been a surge in executions in Saudi Arabia, particularly in relation to drug offences, a new report published by Amnesty International on Monday has revealed. The kingdom executed 1,816 people between January 2014 and June 2025, according to the official Saudi…

Oil Markets Are Tighter Than They Look Authored by Neil Crosby via OilPrice.com, Diesel spreads and refinery margins are no longer reliable on their own for gauging oil demand, as extreme weather and supply chain issues distort short-term signals. Refinery closures in the West and lagging new capacity in Asia are creating regional imbalances, with…

Amazon Prime Day Kicks Off With Disappointing Early Sales U.S. consumer health remains a mixed picture. Goldman Sachs sees signs of cautious optimism, while UBS highlights a rebound in confidence among low-income households. Still, stubborn inflation and high interest rates persist, casting a dark cloud over long-term outlooks. New data from Momentum Commerce offers an…

Ugly, Tailing 3Y Auction Sees Record Directs As Foreign Demand Slides With bond long-ends blowing up across the globe, driven by among other things, justified fears of a looming surge in supply, moments ago the US Treasury sold $58 billion in 3Y notes. And while the auction consisted of relatively low duration paper, one could…

DOJ Sues More States Over In-State Tuition For Illegal Aliens Authored by Cully Stimson & Hans von Spakovsky via The Epoch Times, Attention, all parents and college students worried about the ever-rising cost of college tuition. The Department of Justice has finally—after three decades—started enforcing the federal law that prohibits states from offering in-state tuition to illegal aliens…

Copper Soars To Record High As Trump Unleashes 50% Tariff Is President Trump ‘weaponizing’ copper? Just over two months ago, we noted that drastic tightening of the Chinese copper markets and since then, copper stocks in China have continued to dwindle as stocks of copper at COMEX (US) have soared… With COMEX copper stocks now…

“They Were Child Porn. They Will Never Be Released”: Trump & Bondi Punt On Epstein Questions President Donald Trump and AG Pam Bondi completely punted over a question over Jeffrey Epstein during Tuesday’s televised cabinet meeting.  Reporter: “Your memo and release yesterday on Jeffrey Epstein – it left some lingering mysteries. I guess one is whether he…

Illiquid, Overvalued Authored by Charles Hugh Smith via OfTwoMinds blog, As “dip buyers” get eviscerated, more dominos fall, and at a tipping point, the herd realizes the tide has reversed and it’s time to sell–but alas, it’s too late. Illiquid, Overvalued describes a great many assets that are on the books as “rock-solid investments.” Illiquidity means there are…