Small Stocks Keeled Over after Brief Super-Hyped “Rotation” Spike. Magnificent 7 lost $1.3 trillion in Seven Days – WOLF STREET
$1.3 trillion came and went in less than a month and people didn’t even notice. Amazing. From WOLF STREET by Wolf Richter. The week was marked by a continued sell-off in tech stocks and a wilting of the much-touted “rotation” into smaller caps. The S&P 500 fell 2.0%, the Nasdaq Composite fell 3.6%, the Nasdaq […]
Dems’ $3.5 Trillion Spending Bill ‘Existential Threat’ to Economy
Estimated Reading Time: 3 minutes One of the nation’s leading economic and business groups is warning that the $3.5 trillion spending bill before Congress is an “existential threat” to the nation’s economy. The U.S. Chamber of Commerce has launched a six-figure television ad campaign targeting the proposed tax hikes in the measure that would be […]
4 Ways to Understand Democrats’ $3.5 Trillion Spending Bill
Estimated Reading Time: 3 minutes House Democrats have unveiled pieces of the $3.5 trillion spending bill over the past several weeks. Most legislation focuses on specific issues, which makes it possible to have constructive debate. However, this bill covers welfare, immigration, taxes, energy, families, and much more, making it extremely difficult to comprehend. Providing context […]
Democrats’ $3.5 Trillion Socialist Dream Is Tax-and-Spend Nightmare
Estimated Reading Time: 3 minutes House Speaker Nancy Pelosi plans a vote soon to push Sen. Bernie Sanders’ $3.5 trillion socialist dream budget one step closer to law The news gets worse from there. Every other detail about this onerous legislation merits scorn, revulsion, and rejection. The so-called Build Back Better budget resolution boasts a $3.5 trillion […]
BlackRock Posts Earnings Beat, Assets Jump 13% to Record $10.6 Trillion. Stock Rises. – Barron's
BlackRock Inc. said on Monday that its second-quarter profit rose 11% from a year earlier, beating analysts’ expectations. The firm currently manages a record $10.64 trillion in assets for its clients, up 13% from last year. The world’s largest asset manager reported quarterly adjusted net income of $1.55 billion, beating expectations of $1.47 billion. That […]
TERENCE P. JEFFREY: Joe Biden Is The $7 Trillion Dollar Man
Since President Joe Biden was inaugurated, the federal debt has increased by more than $7 trillion. On Jan. 20, 2021, the day of Biden’s inauguration, it was $27,751,896,236,414.77, according to data published by the U.S. Treasury Department. As of this Fourth of July, it was $34,847,568,990,054.13. That is an increase of $7,095,672,753,639.36 — in less […]
Asia’s growing tribe of ETF investors swells assets to US$1.3 trillion – South China Morning Post
Luke is part of a growing group of investors in Asia who are investing in ETFs. Low-cost, diversified and transparent, these products are becoming an increasingly go-to option for both retail and institutional investors, with the region becoming the fastest growing in the world. According to independent research and consulting firm ETFGI, total ETF assets […]
Heritage report breaks down precisely how to hold China accountable for the COVID-19 cover-up, $18 trillion in damages
In recent years, there have been several attempts to place full or partial blame for the pandemic on the Chinese government. For example, Rep. Troy Nehls (R-Texas) wrote: China lied and people died The bill, enacted last year, would “prohibit the use of Federal funds for any program, project, or activity in the People’s Republic […]
Commission finds COVID pandemic caused $18 trillion in economic damage to US
Speaking on “The Bottom Line,” Fox News contributor Dr. Nicole Safia reflects on the media’s fear-mongering around COVID-19 four years into the pandemic. According to a new report by the Heritage Foundation’s bipartisan Commission on China and COVID-19: COVID pandemic It caused an economic loss of $18 trillion to the United States and held the […]
American student loan ballance tops $1.6 trillion, half of borrowers haven’t resumed repayment
U.S. student loan borrowers are taking their time to resume making payments after the last pandemic-related pause on payments expired late last year. Repayments for federal student loan borrowers were suspended from mid-March 2020, when the COVID pandemic began, and remain in effect until September 1, 2023, three and a half years after the payment […]