The Coming Storm Will Clean Out Zombie Companies Like Peloton
David Trainer, CEO of research firm New Constructs, had been telling anyone who will listen that many tech stocks are trading at bubble levels, without the fundamentals to support their…
Home Sales Decline, But Prices Are Still Strong, For Now
According to the National Association of Realtors, existing home sales showed the worst result in two years, thanks to rising interest rates. Existing home sales in May dropped 3.4%, according…
$7.5 Billion In Student Loan Relief Under Education Department Settlement
On Thursday the education secretary announced that about 264,000 student loan borrowers will be given about $7.5 billion in debt relief under a settlement of claims. The settlement was made…
UK Inflation At 40 Year High Of 9.1%
In Britain inflation is ravaging the average consumer. In May it hit a 40 year high, as soaring food prices drove the overall number up to 9.1%. That is the…
Powell Conceded Rate Hikes Might Produce Recession
Federal Reserve Chair Jerome Powell, in his testimony to Congress Wednesday, admitted that Federal Reserve interest rate hikes could precipitate recession, as they try to tame runaway inflation. Mr. Powell…
Germany Activates “Alarm” Phase Of Gas Emergency Plan
Germany declared it is facing a crisis with respect to natural gas supplies due to Russian disruptions, as it activated the second “alarm phase” of its three-level energy emergency plan.…
Tesla Humanoid Bot – Prototype By September
It appears Tesla’s humanoid robot program may have a working prototype by the end of September. Elon Musk had announced there would be a second Tesla “AI Day” on August…
Goldman Sachs Analysts – Recession Is More Likely.
Goldman Sachs Analysts are beginning to view a recession as more likely. Goldman Sachs Chief Economist Jan Hatzius wrote in a new note, “We now see recession risk as higher…
Stocks End Two Day Rally As Fed Testimony To Congress Cuts Both Ways
Even as traders expect the Fed to closely monitor the impact of its interest rate cuts and adjust its strategy aggressively to avoid a recession, stocks dropped Wednesday due to…
Mobius Says Bitcoin Is The Leading Indicator Of Market Bottom
Mark Mobius, co-founder of Mobius Capital Partners says if you trade stocks, you should probably be taking a long close look at the behavior of Cryptocurrencies right now. In an…
