Newsom Issues EO For California Cities To Remove Homeless Encampments After Supreme Court Ruling
Newsom Issues EO For California Cities To Remove Homeless Encampments After Supreme Court Ruling After years of encouraging rampant crime and degeneracy among the homeless population, and just in time for an election talking point, California Governor Gavin Newsom issued an executive order on Thursday for the removal of homeless encampments across the state. The […]
Nestle’s Guidance Downgrade Adds To Rough Start For Consumer Earnings Season
Nestle’s Guidance Downgrade Adds To Rough Start For Consumer Earnings Season Just over a month ago, Goldman advised clients to begin shorting stocks with exposure to middle-income consumers. This came just a month after analysts targeted stocks exposed to low-income consumers. On Thursday, Goldman analyst Natasha de la Grense told clients, “Not a great start to earnings season in Consumer, with very […]
US Hits Record High Electricity Generation From Natural Gas
US Hits Record High Electricity Generation From Natural Gas Authored by Julianne Geiger via OilPrice.com, Natural gas power generation hit a record high in the US on July 9th due to extreme heat. Despite record demand, natural gas prices remain relatively low due to high storage levels. The surge in gas demand highlights the fuel’s […]
U.S. GDP Surges 2.8% in Q2, Outpacing Expectations as Inflation Eases
The U.S. economy grew at an annualized rate of 2.8% in the second quarter, surpassing economists’ expectations of 2% and improving from the first quarter’s revised 1.4% growth. This stronger-than-anticipated performance, coupled with easing inflation, suggests a robust economic outlook for the period. However, economists like Oren Klachkin of Nationwide predict this may be the […]
Southwest Airlines Is Abandoning ‘Free-For-All’ Boarding Policy For Assigned Seats
Southwest Airlines Is Abandoning ‘Free-For-All’ Boarding Policy For Assigned Seats Passengers familiar with Southwest Airlines know the sometimes chaotic free-for-all boarding policy has been around for decades. However, this policy is ending as the airline plans to introduce assigned seating. The change aims to boost revenue in response to worsening revenue challenges and mounting pressure from an activist investor […]
Elon Musk Sounds Alarm on U.S. Fiscal Health as Debt Interest Consumes Tax Revenue
Elon Musk has warned that “America is going bankrupt” in response to a report highlighting the alarming proportion of U.S. income tax revenue being consumed by interest payments on the national debt. According to economist E.J. Antoni’s analysis of the latest Monthly Treasury Statement, in June 2024, interest payments on Treasury debt securities amounted to […]
Triple Threat: U.S. Stocks, Gold, and Dollar Defy Economic Logic
The U.S. stock market, gold prices, and the dollar have all been soaring simultaneously, defying traditional economic explanations. While factors such as AI advancements, geopolitical uncertainties, and monetary policy expectations have been suggested as reasons, none fully account for all three trends. The most plausible explanation appears to be the robust U.S. economy, which has […]
93% Of Top-Ranked University Presidents Donate To Democrats
93% Of Top-Ranked University Presidents Donate To Democrats Authored by Kate Roberson via The College Fix, About 93 percent of the 25 top-ranked U.S. universities’ presidents donated to Democrat campaign funds, according to a College Fix analysis of federal and state political campaign donation data. Of the 15 presidents that The Fix found data on, […]
JP Morgan's Warning Sparks Gold Rush
The current economic landscape, including geopolitical tensions, central bank purchases, and the upcoming U.S. presidential election, are creating a bullish environment for gold, according to analysts at JP Morgan. As equity markets face a significant downturn, gold is being touted as a “massive buying opportunity.” Analysts predict a potential “new super bull” run for gold, […]
Gold: A Winning Investment In An Uncertain World
Gold: A Winning Investment In An Uncertain World Authored by Daniel Lacalle via The Epoch Times (emphasis ours), Why is the price of gold rising if the global economy is not in recession and inflation is under control? This is a question often heard in investment circles, and I will try to answer it. A […]