Category: Economy

“The US Is Catching Up”: Competition With China Over DR Congo Minerals Intensifies After years of near-exclusive control over the Democratic Republic of Congo’s (DRC) rich mineral reserves, China now faces growing competition from the United States. Washington is moving aggressively to secure access to cobalt, copper, and lithium—vital for electric vehicles, green energy, and…

Dear New Yorkers: Consider Moving To Dallas, TX Authored by Dallas Mayor Eric Johnson via RealClearPolitics, The rise of socialist New York mayoral candidate Zohran Mamdani has highlighted a fundamental truth that I learned as a former Democratic elected official: the Democratic Party never learns. Sure, Democrats occasionally pay lip service to law and order…

Goldman Reaffirms “Cautious View” On Gov’t IT & Services Coverage Amid Ongoing DOGE Cuts Six months ago, Goldman Sachs analysts sounded the alarm with a “cautious view” on Government IT & Services, as Department of Government Efficiency (DOGE) strike teams began slashing bloated federal contracts. Now, with billions of dollars in cancellations piling up, especially across…

The MAHA Priority Pursued By Lawmakers On Both Sides Of The Aisle Authored by Nathan Worcester via The Epoch Times (emphasis ours), WASHINGTON—The Make America Healthy Again (MAHA) agenda has helped shape the second Trump administration, with early actions targeting mercury in vaccines, artificial food dyes, and ultra-processed foods. The U.S. Capitol in Washington on July 14,…

Top Monk At Shaolin Temple Ousted After Sexual Misconduct, Financial Crime Scandal China has appointed Shi Yinle, former abbot of White Horse Temple, as the new head of the Shaolin Temple—just two days after the monastery confirmed that longtime abbot Shi Yongxin was under investigation for alleged financial crimes and sexual misconduct, according to the…

Credit card companies offer various perks to attract and retain customers. You may get a good welcome bonus if you spend enough money within a few months, and you will also likely receive points or cash back on every purchase. However, a Fat FIRE advocate recently expressed dissatisfaction with Amex Platinum. This individual no longer…

Federal Judge Blocks Big Beautiful Bill’s Medicaid Cuts To Planned Parenthood Authored by Jack Phillips via The Epoch Times (emphasis ours), A federal judge on Monday blocked a provision in the One Big Beautiful Bill Act, saying it likely violates the Constitution. Planned Parenthood signage outside a health care clinic in Inglewood, Calif., on May…

The Real January 6 Wasn’t At The Capitol – It Was At Trump Tower Authored by Steve Cortes via RealClearPolitics, January 6 has become a date of hallowed pagan sacredness to the ruling class – a supposed talisman marking chaos, a shorthand for “threats to democracy.” But the media, predictably, has focused on the wrong…

Midstream energy stocks are the companies involved in the processing, transportation, and storage of crude oil, natural gas, and natural gas liquids. These companies operate in the midstream sector, which falls between the upstream (exploration and production) and downstream (refining and marketing) sectors of the energy industry. They are far less susceptible to spot benchmark…

Billionaire Activist Reid Hoffman Admits Democratic Party Has ‘Alienated’ Silicon Valley When he’s not bankrolling lawsuits against President Donald Trump, defending his connections to Jeffrey Epstein, or funding hoaxes against Republican candidates, Reid Hoffman is coming to grips with the fact that the millions he’s dumped into the Democratic Party might not have been his…

US Reaffirms ‘Unwavering Support’ For Restoration Of Democracy, Justice In Venezuela Authored by Yeny Sora Robles via The Epoch Times, The U.S. State Department issued a statement on July 27 reaffirming that the United States remains steadfast in its support for the restoration of democracy and justice in Venezuela, one year after the election that…

Union Pacific And Norfolk Southern Reach $85 Billion Merger Deal By FreightWaves Union Pacific and Norfolk Southern today announced an $85 billion deal to tie their networks together and create the first U.S. transcontinental railroad. The merged company — which will be called Union Pacific — will transform the U.S. supply chain and economy, strengthen…

North Korea Demands US Recognize It As ‘Irreversible’ Nuclear Power North Korea is demanding that the United States recognize it as a permanent nuclear power, according to the latest words of Kim Yo-jong, the powerful sister of North Korean leader Kim Jong-un and a senior official in the country’s ruling Workers Party. She was commenting Tuesday…

Oil Prices Spike As Trump’s Shortened Deadline For Putin Will Soon Reveal Which Of Them Miscalculated Authored by Andrew Korybko via Substack, Polar opposite understandings of the Sino-Indo prisoner’s dilemma lie at the core of their calculations… Trump announced on Monday that he was shortening his 50-day deadline to Putin for a ceasefire in Ukraine to “about…

Corporations To Acquire 10% Of Ether Supply As Regulatory Arbitrage Accelerates Corporations are buying Ether at a faster pace than Bitcoin, signaling a shift in institutional interest toward the world’s second-largest cryptocurrency as it prepares to celebrate its 10th anniversary, according to a new report from Standard Chartered. Corporate cryptocurrency treasury firms have bought up…

Stellar 7Y Auction Sees Highest Stop Through Since 2022, Record High Directs After yesterday’s very poor, tailing 5Y auction which saw dismal foreign demand, the bond market was on edge ahead of today’s sale of belly-busting 7Y notes. It ended up being a non-issue. Moments ago the Treasury announced that the sale of $44BN in…

An Overlooked Vulnerability That Could Cripple America’s Power Grid Authored by Kurt Cobb via OilPrice.com, U.S. transformer wait times have ballooned from 50 to 127 weeks, crippling grid resilience in the face of wildfires, storms, or attacks. The Build America, Buy America Act and global demand for transformers have limited supply, with domestic production covering…

Elon Musk To Cincinnati Police Chief: Clarify “Missing Context” Or Resign Cincinnati Police Chief Teresa Theetge told reporters on Monday that social media users and journalists are “missing context” by shining the spotlight on viral footage of a Black mob attacking White jazz festival partygoers in downtown Cincinnati, Ohio. This is the same police chief currently being sued…

White House Considers ‘Pocket Rescissions’ To Sidestep Congress: What To Know Authored by Jackson Richman & Joseph Lord via The Epoch Times (emphasis ours), President Donald Trump’s administration is considering a move, called a “pocket rescission,” that would effectively rescind federal funding and potentially bypass congressional approval, Office of Management and Budget Director Russ Vought…

“Step Towards War”: Kremlin Slams Trump Ultimatum, Unleashes More Deadly Missile Attacks On Ukraine Former Russian President Dmitry Medvedev issued the Kremlin’s response to President Trump’s Monday announcement from Scotland that he’s reducing a deadline for Russia to agree a peace settlement from 50 days to 10 or 12 days, citing ‘disappointment’ in Putin not ending…

US, China Agree To Extend Tariff Truce As previously reported in what appeared to be a leak by the South China Morning Post, moments ago US and Chinese negotiators have concluded their latest round of trade talks in Stockholm with an agreement to extend their tariff truce, Chinese trade negotiator Li Chenggang told reporters, without…

DOGE Says It Has Helped Save Nearly $200 Billion Authored by Jack Phillips via The Epoch Times, The Department of Government Efficiency (DOGE) says nearly $200 billion has been saved since it was established under the Trump administration earlier this year. According to DOGE’s website, its activities have led to an estimated $199 billion in…

Trump Denies Seeking Summit With Xi, But ‘May’ Visit China, As Stockholm Talks Pave Way President Donald Trump on Tuesday pushed back on reports saying he’s looking for a summit with Chinese President Xi Jinping, but strangely conceded it’s possible he could visit China at Xi’s invitation, which Trump confirmed had been extended. “I may go to…

California’s $20 Minimum Wage Killed 18,000 Restaurant Jobs; New Study Finds Authored by Peter Jacobsen via TheDailyEconomy.org, Perhaps the greatest example that good policymaking intentions go awry is the minimum wage. Proponents of increasing the minimum wage argue that doing so will help the poor.  If we could snap our fingers and make the poor…

If you get employed by a publicly traded corporation, you may be able to buy shares at a discount. It’s practically free money since you start off with a gain, but returns only stay positive and grow over time if a company continues to perform well. A Redditor in the Personal Finance subreddit recently shared…

In a historic milestone, Nvidia (NASDAQ:NVDA) has become the first company to reach a staggering $4.3 trillion market valuation, eclipsing the second-largest company, Microsoft (NASDAQ:MSFT), by $500 billion — a gap so large it is equivalent to the market caps of Starbucks (NASDAQ:SBUX), Nike (NYSE:NKE), and AT&T (NYSE:T) combined, with $80 billion to spare.  This…

Trump Explains Why He Kicked Epstein Out Of Mar-a-Lago; Turned Down Invite To Pedo Island Authored by Debra Heine via American Greatness, President Trump told reporters on Monday about the falling out he had with disgraced financier Jeffrey Epstein years ago that led him to ban the convicted sex trafficker from Mar-a-Lago. Trump also proudly…

Job Openings Slide, As Number Of Hires Unexpectedly Plunges After several consecutive stronger then expected job openings reports and one month after the JOLTS report showed an unexpected surge in job vacancies, moments ago the BLS said that in June (with its usual one month lag, coming just days before the July nonfarm payrolls report),…

Key Points Closed End Funds that pay high monthly dividends are popular among retirees, who are often dependent on the monthly income for their expenses and lifestyle maintenance. Taking advantage of dividend compounding can be a good way to build up a retirement nest egg for future income if the investor has the means to…

Coalition Of Dem AGs Sue Trump Admin Over Effort To Weed Non-Citizens Off Of SNAP Program Authored by Debra Heine via American Greatness, New York, California, and a host of other Democrat-run states are suing the Trump administration over its efforts to weed noncitizens off of the Supplemental Nutrition Assistance Program (SNAP) program. A coalition of 20…

Conference Board Consumer Confidence Continues To Rebound As Inflation Fears Tumble The Conference Board Consumer Confidence Index improved by 2.0 points in July to 97.2, from 95.2 in June (revised up by 2.2 points). The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – fell 1.5 points to…