Visualizing AI Innovation Across The Globe AI is no longer a theoretical tool, only accessible in research labs. Today, it is a ubiquitous technology being adapted across every industry, driving intense global competition and spurring innovation. For the second story in the AI For All series, Visual Capitalist partnered with ACT | The App Association to provide…
Category: Economy
30 Days Of Merz’s Germany: No Chainsaw, No Reform
30 Days Of Merz’s Germany: No Chainsaw, No Reform Submitted by Thomas Kolbe After thirty days under Chancellor Friedrich Merz, the contours of his government are becoming clearer. From an economic policy perspective, the diagnosis is sound—but the treatment will worsen the disease. Those who remember the Bundestag battles between then-Chancellor Gerhard Schröder (SPD) and…
Amazon To Invest $20 Billion In Pennsylvania To Expand Cloud Infrastructure
Amazon To Invest $20 Billion In Pennsylvania To Expand Cloud Infrastructure Amazon Web Services (AWS) is doubling down on its AI ambitions with a $20-billion expansion plan to build two new data center campuses in Pennsylvania, including one directly adjacent to a major nuclear power plant, Reuters reports. AWS is targeting the deployment of multiple…
Plane With Up To 20 People On Board Crashes In Tennessee, Officials Say
Plane With Up To 20 People On Board Crashes In Tennessee, Officials Say Authored by Jack Phillips via The Epoch Times (emphasis ours), A plane with as many as 20 people on board crashed in Tennessee on Sunday, leading to several people being airlifted to hospitals, the state highway patrol confirmed. A plane with as…
Iran Says It Obtained Trove Of Documents On Israel’s Secret Nuclear Arms
Iran Says It Obtained Trove Of Documents On Israel’s Secret Nuclear Arms Iranian Intelligence Minister Esmail Khatib is claiming Tehran has acquired a “treasure trove” of sensitive Israeli documents, including information on Israel’s secret (but long not-so-secret) nuclear weapons program, as well as apparent evidence of US and European knowledge and support. “The transfer of…
60 People Arrested During San Francisco Protest Against Immigration Raids: Police
60 People Arrested During San Francisco Protest Against Immigration Raids: Police Authored by Aldgra Fredly via The Epoch Times (emphasis ours), At least 60 people were arrested on Sunday after protests against federal immigration raids in San Francisco escalated into violence, according to the San Francisco Police Department (SFPD). Protesters confront police in San Francisco…
The demise of the penny?
A recent article in the OC Register discussed a proposal to stop producing pennies: Consumers could get shortchanged by a new U.S. policy to stop making pennies by early next year. While the U.S. Treasury would save tens of millions of dollars by eliminating the 233-year-old 1-cent coin, an unintended consequence would be higher prices…
‘Clean Sweep’: RFK Jr. Boots Entire CDC ‘Rubber-Stamp’ Vax Panel
‘Clean Sweep’: RFK Jr. Boots Entire CDC ‘Rubber-Stamp’ Vax Panel Health and Human Services Secretary Robert F. Kennedy Jr. has fired every member of the CDC’s vaccine advisory panel in a sweeping move he says is meant to restore public trust, but critics are calling it reckless and radical. In an op-ed published in the…
VIDEO: Scott Walter’s Oral Testimony to House DOGE Subcommittee
Scott Walter recently testified and answered questions before the Subcommittee on Delivering on Government Efficiency (DOGE) of the House Oversight and Government Reform Committee: Americans are proud of our nonprofit sector, which has long led the world, because they love real charities that actually help people here and abroad. They don’t think of the nonprofit…
The LA Unrest Poses A Pressing National Security Threat To The US
The LA Unrest Poses A Pressing National Security Threat To The US Authored by Andrew Korybko via Substack, This is because it concerns the country’s second-largest city, could disrupt one of its top economic hubs, and might evolve into an irredentist campaign by Mexican nationalists and their US leftist allies. Large-scale unrest has gripped parts…
China’s Need For US Chemicals Greater Than US Need For Rare Earths
China’s Need For US Chemicals Greater Than US Need For Rare Earths US petrochemical producers may have found themselves on the front line of global trade wars, BNEF reports, with China’s dependence on the US for feedstocks (see “Chinese Plastics Factories Face Mass Closure As US Ethane Supply Evaporates“) blunting the impact of its dominations of…
US To Formalize Military Presence In Syria In Deal With AQ-Linked Govt
US To Formalize Military Presence In Syria In Deal With AQ-Linked Govt Authored by Dave DeCamp via AntiWar.com, The US is working to formalize its military presence in Syria by signing a deal with the new al-Qaeda-linked government, according to a report from The New Arab. The report was published Friday and said that a high-level US…
Sen. Tuberville Blasts Zelensky For Seeking To ‘Lure NATO’ Into A War Ukraine Is ‘Losing’
Sen. Tuberville Blasts Zelensky For Seeking To ‘Lure NATO’ Into A War Ukraine Is ‘Losing’ Republican Senator from Alabama Tommy Tuberville has blasted Ukrainian President Volodymyr Zelensky for trying to “lure NATO” into their war with Russia, given Ukraine knows it is ‘losing’ the over three-year long conflict. “There is no doubt, because he cannot win this war on…
“Buying The Dip” – Here’s A Technical Way To Do It
“Buying The Dip” – Here’s A Technical Way To Do It Authored by Lance Roberts via RealInvestmentAdvice.com, Recently, I did an interview about “buying the dip” in the market, which generated many comments. Most were, “You’re stupid; the market is going to crash,” but one comment deserved a more thorough discussion. “When buying the dip, how do you know when to do…
HOME SELLERS BEGIN TO PANIC, INVENTORY RISING, PRICES DROP
In this economic/financial news report we discuss The current U.S. housing market is signaling growing weakness, particularly through rising inventory levels and price reductions in select cities like Austin, Texas, and various locations in Florida. While a full home price crash is unlikely without a drastic external shock, the steady increase in homes for sale—reaching…
7 Examples Of The “Mostly Peaceful” Los Angeles Riots Becoming Even More “Peaceful”
If they keep telling us that the riots in Los Angeles are “mostly peaceful”, do they think that we will eventually believe it? Over and over again, reporters are telling us that the protests are “mostly peaceful” as they literally stand in front of burning vehicles. It is the exact same sort of gaslighting that…
Robotaxis Enter Commercialization Phase In North America With Hyperscaling Next
Robotaxis Enter Commercialization Phase In North America With Hyperscaling Next Tesla’s robotaxi reveal and Waymo’s rapid expansion across U.S. cities have dominated the conversation around autonomous vehicles (AVs) in North America. A new note from Goldman Sachs provides a framework showing that AVs have officially entered the commercialization phase in ridesharing and trucking, and their proliferation…
Nearly 30-Year-Old Capital Gains Tax Exemption Rules Blamed For US Housing Shortage
Nearly 30-Year-Old Capital Gains Tax Exemption Rules Blamed For US Housing Shortage Authored by Mary Prenon via The Epoch Times (emphasis ours), With median home prices exceeding $1 million in many U.S. housing markets, some real estate professionals are drawing attention to a 28-year-old capital gains tax law, citing it as one factor contributing to…
Vast and Vital: Unlocking America’s Birthright
This post Vast and Vital: Unlocking America’s Birthright appeared first on Daily Reckoning. I remember the day we filed our very first permit — full of optimism, convinced we’d soon unearth America’s next great copper deposit. But months blurred into years as our project sank into bureaucratic quicksand: 27 permits… four federal agencies… and environmental…
Russia To Build Eight Nuclear Power Plants In Iran Amid Standoff With US
Russia To Build Eight Nuclear Power Plants In Iran Amid Standoff With US It’s been no secret that Russia has been getting more heavily involved in Iran’s nuclear program, and interestingly at a moment Moscow has offered to mediate between Washington and Tehran on the question of uranium enrichment and a new nuclear monitoring deal. On…
AI Models Still Far From AGI-Level Reasoning: Apple Researchers
AI Models Still Far From AGI-Level Reasoning: Apple Researchers Authored by Martin Young via CoinTelegraph.com, The race to develop artificial general intelligence (AGI) still has a long way to run, according to Apple researchers who found that leading AI models still have trouble reasoning. Recent updates to leading AI large language models (LLMs) such as…
Retailers Offer Goldman A Consumer Reality Check As One Thing Remains Clear
Retailers Offer Goldman A Consumer Reality Check As One Thing Remains Clear With just three weeks left in the second quarter and the summer season in full swing, a key question emerges: What’s the state of the consumer? Goldman Sachs analysts Kate McShane, Mark Jordan, and others published a note on Monday offering valuable insights…
If I withdraw from my IRA before age 75, will it affect my RMDs?
Key Points Withdrawing money from your IRA prior to age 75 won’t count toward your RMDs because you’re not required to make withdrawals until age 73 or 75 (depending on your birth year). Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you…
Is $2,200 a year too expensive for long-term care insurance?
Key Points The younger and healthier you are when you purchase a long-term care policy, the lower the premiums are likely to be. Paying today for a long-term policy can help preserve wealth later in life. The cost of long-term care for women tends to be higher than the cost for men due to life…
Israel Unveils Unprecedented Transfer To Ukraine Of ‘Several’ Patriot Missile Batteries
Israel Unveils Unprecedented Transfer To Ukraine Of ‘Several’ Patriot Missile Batteries In early May it was first reported that a US-supplied Patriot air-defense system that was based in Israel would be refurbished and sent to Ukraine. This was despite what the White House’s National Security Council said at the time in a statement: “President Trump…
Rethinking My Financial Strategy – Should I Invest More in Life Now and Less Later?
Key Points The earlier you begin to invest, the more time compound interest has to supercharge your portfolio. It only makes sense to wait if you’re carrying high-interest debt or haven’t built an emergency savings account. No one is born knowing how to invest, so don’t worry. You’ll learn what you need to know along…
IRS Reminds Taxpayers Of June 16 Payment Deadline, And The Penalties
IRS Reminds Taxpayers Of June 16 Payment Deadline, And The Penalties Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Estimated tax payments for the second quarter of 2025 are due on Monday, June 16, with taxpayers who fail to pay on time facing underpayment penalties, the Internal Revenue Service (IRS) said in a…
The Single Best Dividend Stock Yielding Over 6%
When seeking top dividend stocks with high yields, a proven history of distributions is paramount. Among those yielding over 6%, Altria Group (NYSE: MO) stands out as a “Dividend King.” With a track record of increasing its annual dividend for over half a century, Altria’s consistent commitment to shareholder value is hard to beat. Management…
Green Dominoes Fall: Sunnova Files For Bankruptcy After SunPower’s Collapse
Green Dominoes Fall: Sunnova Files For Bankruptcy After SunPower’s Collapse Sunnova Energy International Inc. has become the second major publicly traded rooftop solar firm to file for bankruptcy within a year following SunPower’s collapse in August 2024. The bankruptcy filing in Texas underscores the mounting pressure across the green energy space, as the recent Republican-led budget…
Housing Restrictions Hit Harder Than Tariffs
When I started to write this article, I was ready to blame Krugman for not discussing this far more important economic restriction. Then I did some research. Research is most useful when it changes your mind, and my research did change my mind. It turns out that Krugman has been very good at laying…
Leaked Audio: Verging On Tears, DNC Chair Tells Hogg ‘I Don’t Know If I Wanna Do This Anymore’
Leaked Audio: Verging On Tears, DNC Chair Tells Hogg ‘I Don’t Know If I Wanna Do This Anymore’ In leaked audio from a mid-may Zoom meeting of Democratic National Committee officers, DNC National Chairman Ken Martin nearly breaks into tears as he confesses to having doubts about carrying on in the role, and zeroes in…
The Fed Could Cut Rates in September: 3 Ultra-High-Yield Dividend Stocks Could Explode Higher
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. In other words, the total return on an investment or a portfolio consists of income and stock appreciation. At 247 Wall…
I want to retire at age 62 in 5 years with $1.1 million in a 401(k) and a paid-off $475K home; is this possible?
Key Points Only the specifics of your financial situation can determine whether you can meet your five-year goals. If these goals are important to you and your finances don’t allow you to come up with the extra money you need, consider giving yourself a few more years to work. Don’t allow yourself to believe that…
Supreme Court Rules 9–0 Wisconsin Violated First Amendment By Denying Tax Exemption To Catholic Charity
Supreme Court Rules 9–0 Wisconsin Violated First Amendment By Denying Tax Exemption To Catholic Charity Authored by Matthew Vadum via The Epoch Times (emphasis ours), The U.S. Supreme Court on June 5 ruled unanimously that Wisconsin violated the First Amendment by not granting a Catholic charity an exemption from paying unemployment tax. The Contemplation of…
3 Bargain Dividend Stocks to Buy Today
While dividend stocks are often the heroes of the stock market, offering investors income streams when the chips are down in the bond market, even they can get caught in a market downturn. Even as they continue to make distributions, their share price can come under pressure at times, giving strategic investors a window of…
Visa, Eli Lilly or Netflix— Which Stock Will Be A Trillion Dollar Company Next?
Key Points Visa, Netflix and Eli Lilly are moving closer to the trillion dollar club. While all three have the potential, one will reach $3 trillion sooner than the others. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today….
$400 Billion Pours into ETFs: Why This One Is Investors’ Top Pick
While the stock market has been vulnerable to the whims of the trade war, investors have not lost confidence in ETFs. According to the latest flow data, investors poured $23.5 billion into ETFs in the week ended May 23 alone. That’s a drop in the bucket when you look through a wider lens. Year to…
China FX Diversification And The Dollar
China FX Diversification And The Dollar By Martin Lynge Rasmussen of Money: Inside and Out China has been preparing for further tension in the US-China relationship since Trump’s first term, including by increasing the resilience of the Chinese financial system to external shocks. One key part of such plans is likely to reduce the importance…
Can We Continue Receiving Grandma’s Social Security After She’s Passed?
Millions of retired individuals rely on Social Security, whether partially or fully, to support their post-career lifestyle. Though we mostly associate these monthly benefits with retirees or seniors, Social Security covers more than just the aging population. The program also benefits those with disabilities, blind citizens, and family members of deceased recipients. When someone receiving…
Newsom Nightmare: Trump ‘Would Arrest’ CA Governor As Bessent Warns Over ‘Criminal Tax Evasion’
Newsom Nightmare: Trump ‘Would Arrest’ CA Governor As Bessent Warns Over ‘Criminal Tax Evasion’ As Los Angeles grapples with escalating riots targeting ICE agents conducting immigration enforcement operations, California Governor Gavin Newsom faces a mounting cascade of crises. On Monday – as LA continues to spiral out of control amid anti-ICE protests – which resulted in…
UBS Warns On Slumping iPhone Demand As WWDC 2025 Kicks Off
UBS Warns On Slumping iPhone Demand As WWDC 2025 Kicks Off Watch WWDC 25: * * * Update (1312ET): That was quick. APPLE TURNS NEGATIVE DURING PRESENTATION AT DEVELOPER’S CONF. APPLE SAYS APPLE INTELLIGENCE MODELS ARE COMING FOR DEVELOPERS And puke. * * * Apple’s annual Worldwide Developers Conference has kicked…
Billionaire Larry Fink Says Financial Systems Are ‘Safe and Sound’—Is He Right?
Key Points Larry Fink, CEO of the largest asset manager in the world, believes the financial system is safe and sound. But given tariffs and the ballooning federal deficit, the investor who called the sub-prime mortgage crisis of 2008 warned that the economy is not out of the woods yet – not even close. Are…
OPEC Oil Production Fell Short Of OPEC+ Target In May
OPEC Oil Production Fell Short Of OPEC+ Target In May By Charles Kennedy of OilPrice.com OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement which had a large output hike planned for last month. All 12 OPEC members produced 26.75 million barrels per day (bpd) in May, up by…
Cathie Wood Comeback: These 2 Ark ETFs are Sailing Higher Again
Famed innovative tech investor Cathie Wood is having a far better 2025 than 2024, with the broad basket of Ark funds now comfortably in the green. Her flagship ARK Innovation ETF (ARKK) is up just over 7% in a single day, while the S&P 500 rose 1%. Indeed, it’s far too soon in the game…
China Exports To US Tumble As Transshipments To Evade Trump Tariffs Soar
China Exports To US Tumble As Transshipments To Evade Trump Tariffs Soar Overnight China published its latest inflation/trade data dump. It showed that, as expected, China is still unable to kickstart its economy as it remains mired in deflation, with May CPI printing -0.1% (the last time CPI was positive was in January) while PPI…
Trump Did It: Executives & Administrators Are Increasingly Using TDI To Fight DEI
Trump Did It: Executives & Administrators Are Increasingly Using TDI To Fight DEI Authored by Jonathan Turley, “Trump made me do it.” Across the country, this is a virtual mantra being mouthed everywhere from businesses to higher education. Corporations are eliminating woke programs. Why? Trump did it. Universities are eliminating DEI offices and cracking down…
Should I Convert My $300K SCHD into SPYI and QQQI for Higher Yields Before Retirement?
The Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) is a popular choice for dividend investors, tracking the Dow Jones U.S. Dividend 100 Index, which focuses on high-quality U.S. companies with consistent dividend payments and strong fundamentals. Launched in 2011, SCHD holds approximately 100 stocks across sectors like financials, consumer staples, and industrials, with top holdings including…
Inflation Expectations Tumble As Latest NY Fed Survey Suggests Fed Late To Cut
Inflation Expectations Tumble As Latest NY Fed Survey Suggests Fed Late To Cut For the first time since 2024, inflation expectations tracked by the NY Fed survey of Consumer Expectations dropped across all three horizons in May. One-year-ahead inflation expectations declined by 0.4% to 3.2%, three-year-ahead inflation expectations declined by 0.2% to 3.0%, and five-year-ahead…
3 Ridiculously Cheap Growth Stocks Investors Can Buy Right Now
In this market environment, investors of all stripes have their work cut out for them. This market can best be described as one which provides an incredible assortment of options for investors looking to pick individual stocks to choose from, but also a wide assortment of investable options with valuations and balance sheets that may…
British Gov’t: Western Cultural Concerns Are Signs Of “Right-Wing Terrorist Ideology”
British Gov’t: Western Cultural Concerns Are Signs Of “Right-Wing Terrorist Ideology” Authored by Jonathan Turley, Free speech in the United Kingdom has long been in free fall, with expanding criminalization and regulation of speech. Much of this effort is carried out to combat disinformation or radicalism. The subjectivity of such “Prevent” standards is evident in…
Advance Into Central Ukrainian Region Is Part Of Putin’s ‘Buffer-Zone’: Kremlin
Advance Into Central Ukrainian Region Is Part Of Putin’s ‘Buffer-Zone’: Kremlin We detailed Sunday that Russian forces have begun advancing into Ukraine’s Dnipropetrovsk region for the first time in the three-year-plus long war, marking a significant territorial escalation amid stalled peace talks. The Kremlin on Monday described the expanded offensive as key to establishing President Vladimir…
