FINANCE
Trump Bans Dealings w/ Chinese Owners of TikTok, WeChat
(Headline USA) President Donald Trump has ordered a sweeping but vague ban on dealings with the Chinese owners of social media apps TikTok and WeChat on security grounds, a move China's government criticized as “political manipulation."
The twin executive orders issued Thursday — one for each app — add to growing...
Exodus from Manhattan: NYCity Moving Companies Overwhelmed by Demand
New York Gov. Andrew Cuomo's delusion that the mass exodus from New York City is a short-term problem was quickly dispelled by a report on Big Apple moving companies that continue to see unprecedented demand.
Oz Moving, for instance, said it has seen an uptick in requests for quotes to...
US Adds 1.8M Jobs, Exceeding Expectations as Virus Resurged
(Headline USA) The United States added 1.8 million jobs in July, with the unemployment rate declining from 11.1 percent to 10.2 percent, which exceeded many economists' forecasts.
Even counting the hiring of the past three months, the economy has now recovered only about 42% of the 22 million jobs it lost...
Cuomo Begs Wealthy NYC Residents to Return, Help Pay COVID Shortfall
New York Gov. Andrew Cuomo begged wealthy Manhattanites who fled the Big Apple during the height of the coronavirus pandemic to return to the city and help ease the financial burden caused by the pandemic.
“I literally talk to people all day long who are now in their Hamptons house...
Has the Fed Let the Inflation Genie Out of the Bottle?
The dramatic ascent of precious metals markets this summer reflects what could be just the start of a longer-term decline and fall in the Federal Reserve Note's value and status.
With gold prices surpassing $2,000/oz recently, the monetary metal has now made new all-time highs versus all the world’s major...
REPORT: Chinese Companies Got Millions in PPP COVID-Relief Grants
Even as President Donald Trump was promising to hold China accountable for its role in the spread---and possible creation---of the novel coronavirus, one of his signature economic stimulus programs was funneling big bucks to the communist super-power.
A new analysis revealed that more than 125 Chinese companies received between $192...
Trump Fires Chair of Federally-Owned TVA for Hiring Foreign Workers
(Headline USA) President Donald Trump said Monday that he had fired the chair of the Tennessee Valley Authority, criticizing the federally owned corporation for hiring foreign workers. Trump told reporters at the White House that he was formally removing chair Skip Thompson and another member of the board, and he...
Energy Dept. Recovers $200M from Failed Obama-Era Solar Energy Boondoggle
The U.S. Department of Energy recently announced that it’s clawing back $200 million from the now-defunct Crescent Dunes solar power plant near Tonopah, Nevada.
The bad news, however, is that the Obama-era debacle cost taxpayers $737 million in crony loan guarantees, and the project’s developer was unable to repay another...
Navigating Cynical Politics and Rigged Markets to Investment Profits
It’s a cliché that gets repeated every four years: This is the most important election of our lifetime!
Perhaps this one, a national referendum on the presidency of Donald J. Trump, will prove to be so. What we can say with more certainty is that this will be the most...
Gold Climbs 27% to $1,941 Per Ounce; Ranks as the Best Investment of the Year
(Headline USA) Wall Street is in the throes of a gold rush, as investors drive the price of the precious metal to new heights.
Gold has been the best investment of the year so far. The price of the precious metal has climbed nearly 27% this year, more than triple...
Dem. Officials Eye Tax Hikes after Virus Shutdowns Drained Their Coffers
State and local governments placed citizens under house arrest and forcefully closed businesses, destroying the livelihoods of many
Now they are demanding that they pay higher taxes, The Daily Wire reported.
Members of the Nashville City Council voted to increase property taxes by 34 percent in order to give more funding...
MNUCHIN: GOP Set to Approve New Round of $1,200 COVID-Relief Checks
(Headline USA) Treasury Secretary Steven Mnuchin said Saturday that Republicans were set to roll out the next COVID-19 aid package Monday.
He assured that there was backing from the White House after he and President Donald Trump's top aide met to salvage the $1 trillion proposal that had floundered just...
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