Stocks

“U.S. stock market loses $5 trillion in value in three weeks”

“The S&P 500′s rapid 10% decline from a record high into correction territory has wiped out trillions of dollars in market value. The market value of the S&P 500 at its Feb. 19 peak was $52.06 trillion, according to FactSet. Thursday’s… Continue Reading…

Economy

“Billionaires at Trump’s Swearing-In Have Since Lost $209 Billion”

Click link to read: https://www.msn.com/en-us/money/economy/ar-AA1ADH6d the meat of the article is at the bottom where it lists who lost what. In any case billionaires lost money because the stock market is down. Many people, including warren buffet, seen this a… 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…

Business, Economy

“About 100,000 eggs worth $40K stolen from trailer in Pennsylvania”

“Thieves poached about 100,000 eggs from the back of a distribution trailer, authorities in Pennsylvania said. The theft occurred around 8:40 p.m. Saturday at Pete and Gerry’s Organics LLC in Greencastle, police said in a report. The eggs are worth about… Continue Reading…

Cryptocurrencies

“Bitcoin tumbles back toward $60,000 as tensions in the Middle East rise”

“…Bitcoin has struggled to break its ceiling of $70,000, though the $55,000 threshold has provided strong support for the crypto asset. Some investors are doubtful that October will be the month it finally comes back to life, but most remain… Continue Reading…

Business

“Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power”

“The Global Artificial Intelligence Infrastructure Investment Partnership is initially looking to raise $30 billion for new and existing data centers. The fundraising, which could total $100 billion, will also be used to invest in the energy infrastructure needed to power… Continue Reading…

Stocks

“Microsoft Announces $60 Billion Buyback, 10% Dividend Hike”

“…Microsoft also will increase its quarterly dividend by 8 cents, to 83 cents a share. It’s the company’s 20th straight year of increasing its dividend. Microsoft stock rose 0.9% to 435.07 on Tuesday. MSFT stock has risen for seven straight… Continue Reading…

Business

“UK investment platform Hargreaves Lansdown agrees to $6.9 billion takeover by CVC consortium”

“…British investment platform Hargreaves Lansdown said on Friday it had agreed to a takeover offer equivalent to £5.4 billion ($6.9 billion) by a group of investors including CVC Group… Shareholders in Hargreaves Lansdown — the U.K.’s biggest stockbroker — will get 1,110 British pence… Continue Reading…

Economy

“Average consumer now carries $6,329 in credit card debt. ‘People are stretched,’ expert says”

“Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year, according to a separate quarterly credit industry insights report from TransUnion…” https://www.cnbc.com/2024/08/08/credit-card-debt-and-delinquencies-are-on-the-rise-reports-finds.html I… Continue Reading…

Banking, Economy

“Warren Buffett’s Selling Over $3.8 Billion Worth of Bank of America Stock in 2 Weeks Is an Ominous and Unmistakable Warning for Wall Street”

https://finance.yahoo.com/news/warren-buffetts-selling-over-3-092100064.html While the timing is good lets be honest here. Selling that much stock would cause a flash crash even in a strong economy. At a certain point one has to ask does removing so much money from a sock… Continue Reading…