Stocks

“The Magnificent 7 trade is struggling — Here’s why”

https://finance.yahoo.com/news/the-magnificent-7-trade-is-struggling–heres-why-181716458.html I don’t care enough to read what the article has to say. The magnificent 7 are overvalued. It’s that simple. The current stock market is top heavy. Smaller companies are not overvalued as much. If the stock market tanks… Continue Reading…

Business, Cryptocurrencies

“GM expects to mitigate up to 50% of potential North American tariffs, which Ford describes as ‘chaos’”

“General Motors believes it can mitigate up to 50% of potential North American tariffs threatened by President Donald Trump on imports from Canada and Mexico, CEO Mary Barra said Tuesday. That includes GM potentially avoiding short-term impacts of between 30%… Continue Reading…

Economy

“Trump to impose 25% tariffs on steel and aluminum — here are the likely winners and losers”

“U.S. President Donald Trump on Sunday told reporters that he planned to announce new 25% tariffs on Monday, targeting imports of steel and aluminum. Perhaps unsurprisingly, the biggest winner of the trade tariffs is likely to be the U.S. “At… Continue Reading…

Economy

“China imposes retaliatory tariffs on $14bn worth of US goods”

“China has imposed retaliatory tariffs on the US, hitting about $14bn worth of goods and dashing hopes that a trade war between the world’s two largest economies could be avoided. Beijing announced the tariffs last week in response to a US decision… Continue Reading…

Business, Economy

How Media Lies [Half Truths & Deceit]: “Trump calls USAID a ‘tremendous fraud.’ His wife and daughter promoted its work”

“On her four-country jaunt through Africa in 2018 — her first major solo international trip as first lady — Melania Trump offered praise for what she described as “successful” USAID programs as she observed them up close…” https://abcnews.go.com/Politics/trump-calls-usaid-tremendous-fraud-wife-daughter-promoted/story?id=118547473 Long story short the… Continue Reading…

Economy, Precious Metals

“Citi Sees Gold Soaring to $3,000 on Tensions Triggered by Trump”

“Citigroup Inc. expects gold prices to hit a record $3,000 an ounce within three months, with geopolitical tensions and trade wars stoked by US President Donald Trump boosting demand for safe-haven assets…” https://finance.yahoo.com/news/gold-steady-near-record-high-003402782.html This lie that tariffs cause inflation is… Continue Reading…

Economy

“Elon Musk barred from accessing US Treasury payments data”

“A federal judge has barred the US Treasury from handing data from its payments system to outsiders, in an early legal blow to Elon Musk’s crusade to slash government spending. Judge Colleen Kollar-Kotelly put the temporary order in place after… Continue Reading…

Economy

“D.O.G.E…. turns attention to Social Security Administration”

“Elon Musk’s DOGE shuttered USAID. It has searched Medicare payments and gained access to a sensitive Treasury Department payment system. Its initial Labor Department presence prompted a lawsuit. And it’s just getting started. The Social Security Administration is an upcoming focus of the Department of Government… Continue Reading…