Apple, Google owe whopping tax bills due to EU’s crackdown on Big Tech
Michael Lee, founder of Michael Lee Strategy, analyzes Nvidia's stock valuation and the market impact of the EU antitrust fine. Apple and Google each suffered defeats on Tuesday in their defense against European Union efforts to curb the dominance of big tech companies. The European Court of Justice, the European Union's highest court, sided with […]
Dow drops over 600 points as inflation data dashes hopes for big Fed rate cut
Wall Street's main stock indexes fell on Wednesday after the latest inflation reading beat expectations of further interest rate cuts from the Federal Reserve, while Democrat Kamala Harris' chances of winning the presidential election rose following the televised debate. In recent trading, the Dow Jones Industrial Average fell 635 points, or 1.6%, to 40,102. The […]
Federal Reserve Waters Down Plan To Hike Capital Reserves For Big Banks Amid Wall Street Lobbying Efforts
In a speech on Tuesday, Michael Barr, the Federal Reserve's vice chairman for oversight, announced that the Fed was watering down proposed rules that would increase the amount of cash large banks must hold on hand, following intense lobbying from Wall Street. Federal regulators are revising the final version of Basel III, which would boost […]
Google Exec Says ‘Big Tech, Big Companies’ Are ‘Coordinating’ to Help Kamala Harris Win
James O'Keefe claims that Google growth strategist Dakota Reaser told an undercover reporter from O'Keefe Media Group that there is a “concerted effort by big tech companies and big corporations” to help Vice President Kamala Harris win the 2024 election and become the “next CEO,” adding that Google is “most in our interest” when Americans […]
Adrian Newey and Lawrence Stroll are placing big bets on each other
Netflix documentary series season 6 Drive to Survive The series begins with a focus on Aston Martin and owner Lawrence Stroll's attempts to build a championship team. “I've never been the kind of guy who can sit on the beach or play golf all day. Whatever I do, I've always been fighting to win. That's […]
Big Lots files for bankruptcy, to sell assets to buyout firm
Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection after struggling with declining consumer spending and sluggish sales. The Columbus, Ohio-based company plans to sell its assets and ongoing operations to private equity firm Nexus Capital Management. Big Lots, which sells furniture, home decor and other products, said in a statement on Monday […]
Kamala Harris missed ‘big opportunity’ with one campaign decision, polling expert says — and it could cost her the election
Election data expert Nate Silver said over the weekend that Vice President Kamala Harris missed a “huge opportunity” in choosing her running mate, a move that polling suggests could cost Democrats in key battleground states. Founder of FiveThirtyEight He wrote in the Sunday newsletter, “Silver Bulletin.” The 59-year-old said she “missed a great opportunity to […]
Residents Try To Intervene As State Wants To Ban Big Cat Hunting. Millions Of Dollars And Critical Ecosystems At Stake
Colorado wildlife experts, hunters and residents are battling a proposed ballot initiative that could ban trophy hunting of big cats statewide in November. Wild America's agricultural and natural landscapes are always in a delicate state balanceWildlife management may sound like it goes against God's will, but it's an essential part of our existence and survival […]
Apple’s big reveal: the iPhone 16
Constellation Research founder R “Ray” Wang talks about the importance of Apple's iPhone 16 event on “Varney & Co.” Apple unveiled the latest version of its flagship iPhone at its “Glowtime” event on Monday. CEO Tim Cook described the iPhone 16 lineup as “the first iPhones designed from the ground up for Apple Intelligence and […]
Big Lots Files For Bankruptcy As Biden-Harris Era Inflation Continues To Wreak Havoc On Economy
US discount retail chain Big Lots filed for bankruptcy on Monday as inflation under the Biden-Harris administration continues to weaken consumer spending and drive retailers out of business. The company filed for Chapter 11 bankruptcy protection after posting consecutive quarterly losses and being forced to close numerous stores since 2022. It operated about 1,300 stores […]