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Precious Metals

“Gold surges to record high after Iran’s president killed in crash”

“Bullion jumped as much as 1.1pc to hit $2,440.59 an ounce after Iranian President Ebrahim Raisi, Foreign Minister Hossein Amirabdollahian and all the other passengers onboard died when the aircraft came down in northwest Iran. His death has added to tensions… Continue Reading…

Economy

“President Biden unveils a historic wave of tariffs on ‘strategic’ Chinese imports”

“The White House formally unveiled a sweeping array of new tariffs on Chinese goods Tuesday that will raise duties on $18 billion in Chinese imports. The long-awaited announcement will touch an array of sectors, with steel to semiconductors to medical… Continue Reading…

Stocks

“DJT shares close down more than 9% as Trump Media hot streak stalls”

“Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%. Trump Media, which trades under the DJT ticker, closed at $45.16 per share, a loss of $4.77 per share. The company, which owns the Truth Social app, is still trading well below the… 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…

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

“Biden visits his Pennsylvania hometown to call for more taxes on the rich and cast Trump as elitist”

“President Joe Biden made a nostalgic return to the house where he grew up in working-class Scranton on Tuesday, kicking off three days of campaigning across Pennsylvania by calling for higher taxes on the rich and casting Donald Trump as an out-of-touch… Continue Reading…

Energy

“Hot oil summer: Soaring prices threaten consumers and Biden”

“…The big picture: Average gas prices are up 24 cents per gallon over the last month to $3.63, per AAA, and summer driving demand typically puts more upward pressure on costs. Threat level: The Middle East crisis has already pushed up oil… Continue Reading…

Stocks

“Trump Media stock closes 21% lower after company reports $58 million loss for 2023”

“The share price of Trump Media closed trading 21.47% lower on Monday, hours after the social media app company tied to former President Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023. Trump Media & Technology Group shares plunged… Continue Reading…

Economy

“Biden okays $60 million in aid after Baltimore bridge collapse as governor warns of ‘very long road ahead’”

“Maryland Gov. Wes Moore warned Thursday of a “very long road ahead” to recover from the loss of Baltimore’s Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse… The sudden… Continue Reading…

Economy, Energy

“8 states are planning to BAN the sale of gas-powered cars entirely – after Biden unveiled ambitious plans to phase them out by 2032”

“At least eight states are planning to ban the sale of new gas-powered cars in the next decade – and others are considering joining them. Only zero-emission vehicles can be sold in participating states beginning from the 2035 model year, according… Continue Reading…