Interest On U.S. Debt Tops $1 Trillion For The First Time
The U.S. government's interest burden on its public debt has already exceeded $1 trillion this year, marking the first time that interest costs have crossed the $1 trillion threshold. The Treasury Department said Thursday that interest payments totaled $1.05 trillion in the first 11 months of the fiscal year, up 30% from a year ago. […]
Houthi chaos in the Red Sea: Where’s our $1 trillion US military?
The Suez Canal is one of the most important shipping routes in the world. De facto A blockade by 80 Islamic militants has attacked over 80 ships, containers and oil tankers in the past year, while the US military is powerless to respond and the political system and media are covering up the most serious […]
Rate Cut Mania Now Crushing Stocks after Whipping Stocks into Frenzy or Whatever. Mag 7 Down $2.5 Trillion from Peak, Nasdaq Bloodied, Semis Crushed – WOLF STREET
A 4% drop puts the Nasdaq back to where it was in November 2021. Amazon, Tesla and Alphabet are already back to levels from 3-4 years ago. Nvidia is -24% from its peak. From WOLF STREET by Wolf Richter. The rate cut is coming, and will take effect on September 18. The stock market dream […]
Dow record, Buffett’s $1 trillion win and Boar’s Head’s crisis
Former CEO of the Federal Reserve Bank of St. Louis James Bullard discusses interest rate cuts and the labor market on “The Craman Countdown.” U.S. stocks ended a mixed week and month with healthy gains as investors headed into the long Labor Day weekend, with the Dow Jones Industrial Average hitting a new record high […]
Buffett’s Berkshire hits $1 trillion market cap, first non-tech firm to do so
Jack Oliver, Managing Partner at RBO & Co., discusses his investment strategy and reveals his stock picks. Market value Warren Buffett's Berkshire Hathaway The company's market capitalization surpassed $1 trillion for the first time on Wednesday, making it the first non-technology company in the United States to reach that level. Buffett's company joins six other […]
Trump economic plans would cost more than $4 trillion over a decade: Analysis
The analysis projects that former President Trump's spending and tax proposals could increase the national budget deficit by more than $4 trillion over a decade. The Wharton School of the University of Pennsylvania's budget model The analysis published Monday It estimates the impact of a series of economic proposals from the Trump campaign, including extending […]
Kamala Harris Wants to Boost Taxes by $5 Trillion
Democratic presidential candidate Vice President Kamala Harris’ economic plan would increase taxes by $5 trillion over 10 years, according to the American Tax Reform Association. Harris’ campaign Announced President Donald Trump on Monday unveiled a massive economic stimulus package that would reverse former President Donald Trump’s tax cuts, billing it as part of a “fiscally […]
Kamala Harris Wants to Boost Taxes by $5 Trillion
Democratic presidential candidate Vice President Kamala Harris’ economic plan would increase taxes by $5 trillion over 10 years, according to the American Tax Reform Association. Harris’ campaign Announced President Donald Trump on Monday unveiled a massive economic stimulus package that would reverse former President Donald Trump’s tax cuts, billing it as part of a “fiscally […]
Harris’s economic pitch could cost $1.7 trillion: Snalysis
A new analysis finds that Vice President Harris’ recently unveiled proposal to ease the burden on American families could increase the national budget deficit by $1.7 trillion over 10 years, even as her campaign pledges to offset the deficit through taxes on the wealthy. Harris Published President Trump on Friday unveiled several proposals as part […]
Brutal Selloff Skims Froth From Japan’s $6 Trillion Stock Market – Yahoo Finance
(Bloomberg) — Japanese stocks suffered their biggest three-day drop on record in early August, wiping $1.1 trillion from their market value, giving bullish investors another reason to buy into one of the hottest trades of 2024. Most read articles on Bloomberg The hardest hit were the fastest-rising stocks, which saw their prices fall to more […]