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Cryptocurrencies, Economy, Precious Metals

“Worsening US debt outlook seen more in gold and bitcoin than in bonds”

“…The U.S. budget deficit widened to $1.7 trillion in fiscal year 2023 and is on track to reach $2.6 trillion by 2034, according to the Congressional Budget Office. U.S. government debt held by the public, meanwhile, is on pace to… Continue Reading…

Economy

“Global military spending hit all-time high in 2023 after 7% jump, report finds”

“Global military spending reached a record high of $2.4 trillion in 2023 amid a “global deterioration in peace and security,” the Stockholm International Peace Research Institute said Monday. The figure marked a 6.8% increase from 2022 and the sharpest year-on-year… Continue Reading…

Economy

“Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922”

“…President Biden has formally proposed the highest top capital gains tax in over 100 years… Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New… Continue Reading…

Business

‘Kids Are Giving Up on Elite Colleges—and Heading South”

“…An unprecedented number of students are gravitating away from Ivy League universities and looking to Southern colleges that wouldn’t have been on their radar twenty years ago. The exodus is fueled, sources told me, by warmer weather, great college sports,… Continue Reading…

Economy, Stocks

“Technology stocks show signs of ‘breaking down’ ahead of Big Tech earnings”

“Technology stocks were broadly showing signs of “breaking down,” as the sector struggles in a slump this month that has deepened significantly, according to Bespoke Investment Group.  The S&P 500’s information-technology sector tumbled 7.3% last week, its biggest weekly drop… Continue Reading…

Banking, Business, Economy

“IRS commissioner indicates AI will play growing role in future tax collection”

“You can’t spell Internal Revenue Service without AI, and its commissioner, Danny Werfel, offered a vision this week for how the tax collecting agency intends to use artificial intelligence in the not-too-distant future. Werfel, in remarks made April 17 at UiPath… Continue Reading…

Economy

“House Republican infighting getting worse after foreign aid vote”

“The House came together Saturday to pass a sweeping $95 billion foreign aid package, a rare moment of bipartisan cooperation in the closely divided chamber. But the move only intensified infighting among House Republicans, who split sharply on the strategy… Continue Reading…

Economy, Stocks

“Are Stocks Going to Crash if Donald Trump Wins and Republicans Control Congress? Here’s What History Says About Stock Market Returns When Republicans Win.”

“…There are two potential issues Wall Street and investors might have with a Republican-controlled Congress and Trump at the helm. To start with, Republicans may aim to pass tax reforms that would reduce corporate and personal income-tax rates. While people… Continue Reading…

Economy

“NY Home Depot hires guards, dogs to keep parking lot safe from thieves, aggressive [illegal aliens ]”

“A New York Home Depot has deployed a guard dog — and other stores may be close behind — to protect shoppers from aggressive migrants and thieves flooding their parking lots, The Post has learned… “It’s more about omnipresence,” one… Continue Reading…

Business

“Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand”

“Longtime mall retailer Express filed for Chapter 11 bankruptcy protection in Delaware federal court on Monday, but a group of investors led by brand management firm WHP Global is looking to save the company by acquiring it.  Express, whose portfolio includes its… Continue Reading…