The cryptocurrency scene has really boomed for the summer, with Bitcoin (CRYPTO:BTC) leading the way higher while newly-public crypto infrastructure firms attracted more capital from excited retail investors. Indeed, it’s a good time to be back in the blockchain trade, which may have legs for further gains going into the new year. Beyond Bitcoin, Ethereum…
Key Points China ranks as the top dog in Asia for tank superiority, with the PLA fielding nearly 7,000 tanks While Russia maintains the largest artillery arsenal in the world, it falls short of the Chinese in this aspect This disparity might be explained by military doctrine or even production capacity Are you ahead, or…
This article will be updated throughout the day, so check back often for more daily updates. The Vanguard S&P 500 ETF (NYSEMKT: VOO) just missed rising last night, while the index the ETF attempts (mostly successfully) to track ended with only the tiniest of gains. It was a surprising result, almost no movement in the…
Key Points China ranks as the top dog in Asia for tank superiority, with the PLA fielding nearly 7,000 tanks While Russia maintains the largest artillery arsenal in the world, it falls short of the Chinese in this aspect This disparity might be explained by military doctrine or even production capacity Are you ahead, or…
Key Points Tax Code Changes: The Big Beautiful Bill allows companies to expense R&D costs within the year instead of over five years, providing significant tax advantages for tech firms. Domestic Manufacturing Incentives: The bill extends domestic credits for building fabrication facilities in the U.S., encouraging companies like Taiwan Semiconductor and NVIDIA to invest in local supply…
No More Mr Nice Guy By Molly Schwartz, cross-asset macro strategist at Rabobank The euro took a hit yesterday, depreciating around 1.3% against USD for the worst intraday performance in two months. Meanwhile, USD had its best day since early May as the DXY Index climbed by more than 1.0%. These moves come as an…
Time again for another one of my multi-post deep dives into a book I found interesting. This time, the book is We Have Never Been Woke: The Cultural Contradictions of a New Elite by Musa al-Gharbi. As always, my next several posts will be my attempts to reflect al-Gharbi’s views rather than my own, and…
End Game: Netanyahu Now Plans To Annex Gaza, Bowing To Extremist Members Of Coalition Having rendered much of Gaza uninhabitable and displacing a huge proportion of its population, Israeli Prime Minister Benjamin Netanyahu is expected to propose a plan by which Israel will begin claiming parts of Gaza to be Israeli territory, with an eye…
“God Bless New York!”: Trump Briefed On Manhattan Skyscraper Gunman Targeting Blackstone Building Update (0928ET): President Trump was briefed about the lone shooter who stormed a Midtown office building and killed four people on Monday evening. “I have been briefed on the tragic shooting that took place in Manhattan, a place that I know and…
Alphabet Inc.’s (NASDAQ: GOOGL) self-driving car company Waymo is moving into Dallas. That is not good for Tesla Inc. (NASDAQ: TSLA). Tesla’s self-driving robotaxi is only available in Austin (as well as a few cities outside the United States). Waymo also operates in Phoenix, Atlanta, Los Angeles, and San Francisco, which gives it at least…
Fortune has come out with its Global 500 issue. Based on revenue, Walmart Inc. (NYSE: WMT) tops the rankings at $681 billion. Amazon.com Inc. (NASDAQ: AMZN) trails at $638 billion. Many of the top 50 are based in China. The United States has 138 companies on the list, while China has 130. 24/7 Wall St….
US Home Prices Plunge For 3rd Straight Month In May (Led By Tampa) Home prices in America’s 20 largest cities fell for the 3rd straight month in May (the latest data available from S&P CoreLogic’s Case-Shiller data released this morning). The 0.34% MoM drop matches the plunge in May and is equal to the largest…
Key Points A Reddit user has inherited $200K and wants to use the money to help set himself up for early retirement. He is considering investing in a target date fund, but doing so may not be the best idea. Other posters pointed out the costs and downsides of target date funds and suggested he…
Key Points Social Security can be claimed any time between the ages of 62 and 70. The ages of 62, 67, and 70 are especially popular ages to claim benefits. You need to consider the pros and cons of different claiming ages to make the best choice. Nvidia made early investors rich, but there is…
US Goods Trade Deficit Shrinks More Than All Expectations In June The US merchandise-trade deficit shrank in June by more than expected, reflecting a broad decline in imports as the pre-tariff rush to secure goods unwinds. The shortfall in goods trade narrowed 10.8% from the prior month to $86 billion… Source: Bloomberg This deficit was…
Live Updates Live Coverage Updates appear automatically as they are published. Management Commentary: “In Full Growth Mode” 8:47 am CEO Jason Liberty stated: “We are benefiting from a powerful demand environment, record yields, and a consumer that is prioritizing experiences over goods… This sets the stage for 2025 to be our best year ever.” Liberty…
Live Updates Live Coverage Updates appear automatically as they are published. UNH Slides As Markets Open, But Wall Street Bullish 9:33 am UNH shares are opening down 5.7% following the Q2 earnings miss and cautious margin outlook. However Wall Street maintains its bullish position on United Health Group. Bernstein maintained its Outperform rating and $377…
Live Updates Live Coverage Updates appear automatically as they are published. Branded Margins, Buybacks, and Balance Sheet 8:45 am Transaction margin dollars rose 7% YoY to $3.84B Adj. FCF: $656M, down 42% YoY but stable sequentially Buybacks: 22M shares repurchased for $1.5B in Q2 alone Balance sheet remains robust with $13.7B in cash/investments and net…
DOJ Files Misconduct Complaint Against Judge Handling Key Deportations Case Authored by Aldgra Fredly via The Epoch Times, The Department of Justice (DOJ) on Monday filed a misconduct complaint against District Court Chief Judge James Boasberg, the judge presiding over a case against the Trump administration’s deportation of Venezuelan illegal immigrants to El Salvador in…
Live Updates Live Coverage Updates appear automatically as they are published. Nasdaq could easily see higher highs 9:13 am With excitement over a trade deal with the US-EU, and hopefully with China, the Nasdaq could see higher highs. Helping, we’ll soon see major earnings from some of the top Magnificent 7 stocks, and hopeful hints…
Novo Shares Crash Most On Record After Forecast Slashed On Compounded GLP-1 Headwinds Shares of Danish pharma giant Novo Nordisk crashed the most on record after the company slashed its full-year sales and profit guidance, citing slumping Wegovy sales. The blockbuster obesity drug is losing ground across the U.S. as cheap, compounded GLP-1 knockoffs continue to flood the…
Sarepta Shares Soar After FDA Reverses Pause For Controversial Gene Therapy Elevidys Shares of Sarepta Therapeutics erupted in premarket trading after the Food and Drug Administration (FDA) lifted a voluntary pause on its gene therapy Elevidys, limited to patients who can still walk. The decision follows multiple deaths linked to the drug, which is used to treat Duchenne muscular…
A recent disappointing earnings report for Tesla (NASDAQ:TSLA) caused shares to drop substantially. News of weakening demand in crucial markets also contributed to the sharp plunge in price. The company is currently facing multiple challenges, including increased EV competition, slow sales, and investor concern regarding Musk’s priorities. Some experts point to Tesla’s long-term potential as…
Futures Rise Ahead Of Data Deluge, S&P Set For 7th Straight Record High US equity futures are up again, and set for a 7th consecutive record high into a heavy earnings day and ahead of tomorrow’s Fed decision as attention turns from trade deals to company results and economic data to justify nosebleed valuations. As…
Of Course A Seattle Cat Lady Wants To Ban The Blue Angels The Blue Angels, America’s elite military aviation stunt team now in its 79th year, may have met its match; a Seattle cat lady who says in a new lawsuit the military jets traumatized her ailing cat to death. It’s not just the cat lady…
Live Updates Live Coverage Updates appear automatically as they are published. Softer Than Expected Outlook 7:35 am by Eric Bleeker We looked into Spotify’s Q2 below, which was mixed (weak revenue and EPS last quarter, but strong free cash flow and subscriber numbers). Let’s look at their guidance now. The company guided to: 710 Million…
Manhattan Skyscraper Gunman Kills Four, Misses NFL Target In Botched Attack The gunman who shot five people, killing four, in a Midtown Manhattan office tower home to Blackstone and the National Football League was identified late Monday as 27-year-old Shane Devon Tamura. He reportedly had grievances with the NFL but ended up on the wrong floor…
Live Updates Live Coverage Updates appear automatically as they are published. SoFi Now Up 7% In Premarket 7:43 am by Eric Bleeker SoFi Shares are now up 7% in premarket trading. SoFi Technologies reported strong financial results for Q2 2025, with net revenue reaching a record $854.9 million, a 43% increase year-over-year. The company achieved…
Investors love dividend stocks, especially those with ultra-high yields, because they provide a substantial income stream and offer significant 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 24/7 Wall…
Back in the 1960s, the teachers’ unions, especially the United Federation of Teachers in New York, had a reputation for being strongly Jewish. But today, the teachers unions—especially the National Education Association—are deeply entrenched in an Everything Leftist movement that has made Palestinian nationalism that often strays into antisemitism a core value. Joining us today…
Netherlands Labels Israel ‘Threat To National Security’ In Unprecedented Move Via The Cradle The Netherlands has, for the first time, included Israel on a list of states which pose a threat to its national security, according to a report from the Dutch National Coordinator for Security and Counterterrorism (NCTV) – the country’s main counterterrorism agency. The report…
Inside The World Of Billionaire Islands From Coastal Australia to the turquoise waters of Fiji, billionaires have snapped up private islands as the ultimate status symbols. The graphic below, by Made Visual Daily, compares the acreage and sticker prices of some of the best-known billionaire islands, revealing just how uneven the market is. Why Size Isn’t…
By Joshua Mawhorter, Mises Institute The title of this article may sound like a jab at MMT’s confidence in monetarily sovereign governments’ lack of fiscal constraint—and it is—but the real focus is on a cherished historical claim of MMT: that governments burned paper money collected through taxation. QTR’s Fringe Finance is a reader-supported publication. To…
Britons Flock To VPNs To Dodge New Age Verification Checks Online Authored by Owen Evans via The Epoch Times (emphasis ours), Downloads of virtual private network (VPN) apps have surged in the UK as users look for ways to bypass new age verification rules introduced after the latest provisions of the Online Safety Act took…
How Trump Just Turned Europe Into A Vassal Market Submitted by Thomas Kolbe On Sunday, the United States and the European Union agreed on a new framework for transatlantic trade. The outcome exposes Europe’s open flank – its dependency on foreign energy. It was a home game for U.S. President Donald Trump, albeit on foreign…
Doug Casey On Global Disintegration: Currency Collapse, Controlled Chaos, & The Rise Of Technocratic Tyranny Via InternationalMan.com, Matt Smith: All right, good morning, Doug. I think the biggest thing in the news is that Obama is a traitor. I mean, we know this officially now. Although a lot of this information had been uncovered in years…
Putin Informs Bibi He’s Ready To Mediate On Iran’s Nuclear Program As Trump Makes More Threats Russia has long offered the West to mediate with Iran over its nuclear program. After earlier this month batting down reports claiming that Moscow is on board with the Trump demand of zero enrichment (the Kremlin rejected that this…
San Francisco Restricts RV Parking In Effort To Combat Homelessness Authored by Dylan Morgan via The Epoch Times, San Francisco has approved a new two-hour parking limit on all oversized vehicles in an attempt to prevent homeless people from living in RVs and to reclaim public spaces across the city. The policy was passed by…
“Whites Only” Town Draws Anger While “Blacks Only” Town Gets Applause Last week, Cincinnati, OH made the national news after video footage went viral of crowds exiting a “black culture” jazz music festival. Marauding groups of the fatigue subset (the usual suspects) attacked at least three unsuspecting white victims as they walked along the bustling…
In this economic/financial news report we discuss the high cost of living is causing more big trouble for people and now we see a huge surge in people unable to pay for their pets and thus shelters are overflowing. We also discuss recent housing market news, economists are going extinct, loan defaults, FDIC going away,…
Multiple People Shot At Blackstone’s New York Headquarters; Shooter Killed Himself Watch live feed here: * * * Update (2030ET): U.S. Attorney General Pam Bondi wrote on X that U.S. Attorney for the Southern District of New York, Jay Clayton, has set up a command post to assist with the shooting at 345 Park Avenue,…
Chinese Intel-Linked Bankers Reportedly Fundraised For L.A. Mayor Karen Bass A Daily Caller News Foundation (DCNF) investigation has revealed that disgraced Los Angeles Mayor Karen Bass appointed two Chinese Communist Party (CCP)-linked bankers, Dominic Ng (CEO, East West Bank) and Simon Pang (co-founder, Royal Business Bank), to her mayoral transition advisory team in 2022. The investigation found that the…
“This Isn’t Cultural Drift – It’s Social Engineering…” Authored by Josh Stylman via The Brownstone Institute, The other day, I found my high school yearbook. My kids were flipping through it, laughing at old photos and hairstyles, and one of them paused, surprised. “You and your friends were in all these clubs?” Debate, theater, student…
CDC Releases Update On ‘Long COVID’ Symptoms Authored by Jack Phillips via The Epoch Times, The U.S. Centers for Disease Control and Prevention issued an update on July 24 urging health care providers and public health officials to raise awareness of the symptoms of “long COVID,” a condition the CDC states can last weeks, months,…
Houthis To Escalate Attacks On Ships Linked To Firms Dealing With Israel ‘Regardless Of Nationality’ Just last week, Prime Minister Netanyahu recalled his Israeli negotiating team from Doha – which is certainly not a first instance – as talks broke down, also after the US representative mentioned dissatisfaction with Hamas’ position. On Sunday night, the…
Electric Utilities Will Invest More Than $1.1 Trillion By 2030 To Meet Demand Growth By Robert Walton of Utility Dive Investor-owned U.S. electric utilities will invest more than $1.1 trillion in the 2025-2029 period, marking a rapid increase in capital expenditures as the sector rushes to meet growing power demand, according to a Wednesday report from…
These Companies Just Scored Robotaxi Commercial Licenses In Shanghai China’s Robotaxi revolution is shifting into a higher gear. In May, we highlighted a Goldman Sachs note forecasting that 500,000 autonomous robotaxis would be operating across ten major cities by 2030. New data from the bank’s analysts now show acceleration: a wave of new commercial operating…
This post Ron Paul: Nobody for Fed Chairman appeared first on Daily Reckoning. President Trump has recently suggested that, unless Federal Reserve Chairman Jerome Powell cuts interest rates, the president might revert to his The Apprentice days and tell Powell, “you’re fired.” President Trump backtracked on firing Powell after the president’s comments caused stock markets…
If you want to get a really good indication of where the U.S. economy is heading, just look at what is happening in Las Vegas. During good times, hotel occupancy rates are very high and lots of money is thrown around in the casinos. But when times are getting tough, less people head to Las…
Cynical, Aloof And Insatiable: The Rise Of The Postmodern State Aristocracy Submitted By Thomas Kolbe While the political class freely taps into outsized debt programs, it urges citizens to embrace austerity. The increasingly brazen plundering of taxpayers’ dwindling resources signals the emergence of a detached state aristocracy in Berlin. Two legendary quips—likely apocryphal—best capture the decadent…
Sydney Sweeney Wears Jeans In Ad, Woke Liberals See Nazis American Eagle Outfitters’ marketing pivot from the toxic ‘woke’ era, which originated from cultural Marxism, to actress Sydney Sweeney’s ‘assets’ appears to be the correct move for the clothing company, given that the Overton Window has shifted center-right, with mainstream Americans cheering the ‘end of…
