Last week, the Biden administration stepped up its crackdown on Chinese technology in what is becoming the global conflict of the century. An executive order signed this past Wednesday roadblocks and regulates United States investments in Chinese technology, ranging from advanced computer chips and microelectronics to quantum IT and AI. We’re knocking on the door…
September West Texas Intermediate crude oil prices posted 5 consecutive weekly gains as we concluded last week’s trading. Gains were credited to tighter supply control by Saudi Arabia and Russia. This recent display of uptrend followthrough comes despite fears over slowing economic growth and reduced energy demands due to potential central bank interest rate hikes.…
Fitch Ratings downgraded the United States’ long-term foreign currency issuer default rating to AA+ from AAA. Pointing to “expected fiscal deterioration over the next three years,” an erosion of governance and a growing general debt burden. The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management. Back in May, the agency…
Back in March of 2022, President Joe Bozo issued an executive order directing the Office of Science and Technology Policy to prepare a report on the risks and benefits of creating a digital dollar for the United States of America The digital dollar is referred to as a CBDC for short, meaning a central bank…
Today’s big question: Is inflation really under control? It’s tough to say with crude oil prices on the rise. WTI is up more than 15% in July. Many analysts have Brent price targets in the mid 90s before year end. Gasoline prices have been experiencing a surge lately as well, with futures soaring to a…
Because it’s the furthest thing from it… The market is where the most disciplined investors and traders are able to earn more money than ever imaginable. Those are the facts! While the Powerball drawing is likely to hit $900 million, frankly I could give a poop about it. The media pushes these fantasies on people…
There’s one thing the Republicans sure do efficiently, and that’s internally divide their political party. It’s likely the reason they get nearly nothing done! Contrast this with their counterparts, the Democrats. As radical as their ideology is, it’s very rare that members of their party push back. I even believe this to be true for…
What’s your stock picking process look like? Today I’m going to share a glimpse into my stock picking “process of elimination” with you by breaking down what I factor into consideration. FACTOR #1: Momentum The momentum factor alone can be a total hit or miss. Some years, it was the gleaming factor: 2015, 2017 and…
Saudi Arabia said it would voluntarily cut its oil production by another 1 million barrels daily next month in a bid to prop up global oil prices. Benchmark oil prices rallied before falling back. One other member of the cartel, the UAE, was allowed to actually increase its output by about 200,000 BPD, while several…
The names of two of FTX co-founder Sam Bankman-Fried’s guarantors were revealed on Wednesday, after an unsealing motion from media companies including CNBC was granted by a Manhattan federal judge. Bankman-Fried was released on $250 million recognizance bond in December after he was indicted on criminal fraud charges. In all, there were four guarantors, including…