“A Post-Apocalyptic Scene”: North Carolina Communities ‘Wiped Off The Map’ By Helene, Governor Says
“A Post-Apocalyptic Scene”: North Carolina Communities ‘Wiped Off The Map’ By Helene, Governor Says Authored by Jack Phillips via The Epoch Times (emphasis ours), The governor of North Carolina said that “hundreds of roads” were destroyed and that entire communities were “wiped off the map” because of storm Helene last week and over the weekend. […]
Bank Of America Customers Report Widespread Outage, Zero Balances
Bank Of America Customers Report Widespread Outage, Zero Balances Bank of America customers on Wednesday reported having problems accessing their bank accounts or that their account balances currently show $0. The outage started at around 12:30 p.m. E.T. on Wednesday, according to the tracking website Downdetector. About an hour later, more than 20,000 user complaints […]
Unsurprisingly, The Bitcoin Price Follows Global Liquidity
Unsurprisingly, The Bitcoin Price Follows Global Liquidity Authored by Vivek Sun via BitcoinMagazine.com, I have been intrigued by the significant increase in global liquidity during 2024, driven by extensive money printing and debt expansion, and how it impacts Bitcoin’s price. Bitcoin is an expression against the government’s monetary expansionist policies, so its price follows global […]
Wings Clipped: Red Bull Owners Get Lowest Payout In Four Years As Sales Stumble, Competition Grows
Wings Clipped: Red Bull Owners Get Lowest Payout In Four Years As Sales Stumble, Competition Grows Red Bull’s owners have seen their ‘wings’ clipped a bit, as the energy drink maker distributed its “lowest payout in four years” to owners this year, according to a new report from Bloomberg. Its two groups of shareholders, Mark Mateschitz and […]
America’s Dwindling National Wealth
America’s Dwindling National Wealth Authored by Michael Wilkerson via The Epoch Times, What is a rich country? In relative financial terms, it is a country whose net investment position is positive. The net investment position reflects how much one country owns of all other countries’ assets, less how much those countries own of it. Throughout […]
Bonds Drop, Dollar Pops As Traders Brace For Jobs
Bonds Drop, Dollar Pops As Traders Brace For Jobs US markets chopped around today after yesterday’s risk off tape as Geopolitics remain the focus, and while Chinese stocks rallied, Goldman Sachs trading desk noted that for the first time in a week they’re seeing more balance in their China flows: “Seeing both HF and LO […]
JPM Analysts Flip-Flop iPhone 16 Demand Forecast In Just Three Days
JPM Analysts Flip-Flop iPhone 16 Demand Forecast In Just Three Days Apple shares are hovering around $227 on Wednesday afternoon, commanding a market capitalization of $3.45 trillion. With shares near all-time highs, the last thing bulls want to hear is how quickly some of Wall Street’s top analysts are downshifting their outlook on iPhone 16 demand. In other words, […]
Life In Kamala’s California
Life In Kamala’s California Authored by Edward Ring via American Greatness, It’s election season, and because California is a one-party state, we don’t see very many campaign ads for Kamala Harris. But ballot initiatives are another story. One hotly contested ballot initiative, Proposition 33, if approved by voters, will enable California’s cities and counties to impose […]
OPEC+ Leaves Current Output Cut Policy Unchanged at JMMC
OPEC+ Leaves Current Output Cut Policy Unchanged at JMMC The OPEC+ joint ministerial monitoring committee meeting (JMMC) concluded on Wednesday, with the ministers refraining from making any changes to production policy, maintaining the plan to start raising output in December. “The JMMC emphasized the critical importance of achieving full conformity and compensation. Furthermore, the Committee […]
Biden Scolds Ocean Carriers For Not Paying Dockworkers “Fair” Wages
Biden Scolds Ocean Carriers For Not Paying Dockworkers “Fair” Wages By John Gallagher of FreightWaves President Joe Biden broke his silence on the labor dispute between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) by accusing employers of hoarding profits. “Ocean carriers have made record profits since the pandemic and in […]