“ He knew what he was getting into when he came down the Trump Tower escalator to declare his candidacy back in 2015. But losing a billion dollars is what can happen when you don’t take a salary or make …
The dollar-based long-term price predictions for bitcoin are flawed, according to cryptocurrency exchange Kraken’s CEO Jesse Powell. He proposes measuring bitcoin in luxury car prices, due to the inflationary nature of fiat money. “I think I said bitcoin is going …
No better way to display the true #inflation rate than these astonishing photos from https://t.co/5RWvb23z2R that show how much less the #USD purchases now than just 3 years ago. pic.twitter.com/hpvj1lfCoQ — James Turk (@FGMR) March 22, 2021 Here is Dallas …
Warren Buffett currently owns 249,000 shares of Berkshire Class A stock, giving him a 38% ownership of the conglomerate, according to FactSet. Berkshire’s Class A shares closed at a record high of $399,650 on Wednesday, bringing its 2021 advance to …
https://finance.yahoo.com/news/warren-buffett-bullish-on-banks-jpmorgan-jamie-dimon-095717582.html Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) is bullish on the banks. “They’re a business I understand, and I like the price at which they’re selling relative to their future prospects,” Buffett said in a wide-ranging interview with Yahoo Finance’s …
by Simon Black Usually around the middle of February each year, the US Treasury Department releases an annual report of the federal government’s financial condition. It’s called the Financial Report of the US Government… and it looks a lot like an …
by GoldCore China increased its gold reserves for a third straight month in February, data from the People’s Bank of China (PBOC) showed this morning. The value of China’s gold reserves rose slightly to $79.498 billion in February from $79.319 …
This is a good breakdown on the specifics. Open in a new window and listen! John Huber never showed up! The two guys are “bounty hunters” that investigate fraud of non-profits. They do thins for a living. They audited the …
by Charles Hugh-Smith The social media space is absolutely ripe for a new entrant who demands arduous verification and constantly monitors its user base to eliminate cloned and fake accounts. How many accounts on Facebook are fake? Recent estimates of …
Company Co-Founded By Nancy Pelosi’s Son Charged With Fraud Another day another scandal hits the Democratic machine and this one stinks. A company co-founded by Paul Pelosi Jr., Nancy Pelosi’s son, was just charged with fraud by the SEC …
by markyu007 Largest positive changes to net worth Jeff Bezos (Amazon): +$24 billion Lei Jun (Xiaomi): +$8.6 billion Colin Huang (Pinduoduo): +$6.9 billion Largest negative changes to net worth Georg Schaeffler (Schaeffler Group): -$13.6 billion Amancio Ortega (Zara): -$16.6 …
via commondreams: After being kept in the dark about New York’s $3 billion deal with Amazon, allowing the trillion-dollar corporation to build its new headquarters—complete with helicopter landing pad for CEO Jeff Bezos—in the Queens neighborhood of Long Island City, concerned New York …
The deep state is now trying to come after Trump from all different angles. The bill to protect Mueller did not pass, Flake postpones the meeting on the judges, Schiff is tweeting out of fear. Goodlatte corners Comey says closed …
By Harry Dent Have I mentioned that this bubble in stocks – the one that most economists and analysts still claim “is not a bubble” – is now the greatest by far in its numerical advance, its percentage gains, and time frame? …
Bleeding billions: How net worths of top tech executives have taken a massive hit as Amazon, Apple, Facebook and Google stocks plummet -The Dow closed at 24,465 on Tuesday, 551.8 points down from Monday – Facebook, Amazon, Apple, Netflix and …
Nov. 9 (UPI) — Colt’s Manufacturing Company and FN America have each been awarded $88.6 million by the U.S. Army for the production of M4 and M4A1 carbines. The purchases, announced Thursday by the Department of Defense, are modifications to existing …
The beauty of it is… that she did it to herself. AC
Here is today’s articles mentioned in this news update: 1. Trillions in US net worth vulnerable to recession: IMF https://www.france24.com/en/20181010-… 2. The Next Recession Could Happen Sooner Than We Think https://www.forbes.com/sites/randybro… 3. When the Next Recession Hits https://newrepublic.com/article/15163… 4. The …
by Simon Black Earlier this year I quoted Chicago-based hedge fund manager John Thompson of Vilas Capital Management– who has been incredibly vocal (and blunt) about Tesla. Back in March, Thompson said that he thinks Tesla is going to crash . …
First published on the Daily Caller. “Consumers are paying the price” for President Trump’s tariffs, CNN claims. Millions will feel the pinch; many thousands will lose their jobs. What CNN fails to mention is that millions of Americans already feel the pinch, and millions more …
via CNN: General Electric, once America’s most valuable company, is now in sharp decline. In a year full of dubious landmarks, GE has encountered another: The storied conglomerate is now worth less than $100 billion. That hasn’t happened since March 2009 …
I’m just gonna watch this one from the bleachers, have fun kids. Because of its skyrocketing share price, its $10.2 billion market cap is 263 times greater than its annualized second-quarter revenue. Also, 93% of Tilray’s voting power is held by …
Less than a year ago, traders watched in dumbfounded amazement as bitcoin soared every day as momentum chasers were hooked. Now, it’s all about pot stock Tilray, which is up another 40% on Wednesday morning, soaring to $218 in premarket trading, its …
via CNBC: The roots of the next recession could lie in U.S. corporates’ debt-to-cash ratios, a top U.S. economist warned Wednesday. The cash-to-debt ratio of speculative-grade borrowers reached a record low of 12 percent in 2017, below the 14 percent …
by SSuke You can use this chart to determine where you stand in terms of wealth compared to others in the US. (Should be a bit more useful than comparing only 401K accounts.) Age (head) Average Wealth 99% (2013) 90% 80% 70% …
Obama’s legacy was self-inflicted defeat everywhere we faced Islamist terror. Plus, some history, worth repeating again: Obama whines he just didn’t ‘have the tools’ to act on Syria. Related: Obama seems eager to massage his legacy as it’s being written. We, therefore, …
There is a massive gap in between the rich and the poor. In fact, there has never been such a large gap. The trouble is that a healthy and strong middle class is what builds a country. Without it, there …
by howmuch Female entrepreneurialism is on the rise. According to a new ranking from Forbes, the combined net worth of the country’s top 60 self-made women has increased 15% over last year, totaling an impressive $71B. And the minimum threshold to …
