Tag Archives: politics

Shannon Bray, a U.S. Navy veteran and North Carolinian, is hoping the second time — and one particularly frothy memecoin — will be the charm for his political aspirations.  Previously, Bray ran for Senate in 2020 with no luck. This time around, the 49 year-old dyed-in-the-wool Libertarian honed his agenda to focus on cryptocurrencies — with the Shiba Inu digital coin taking center stage, and China’s crypto mining crackdown the impetus for his ambitions. He’s part of a vanguard of… Source link

Stocks plunged on Monday, with major indices tumbling by over 1% at the opening bell, as investors nervously eyed the potential ripple effects of the default of a major Chinese real estate company, as well as ongoing debates over the debt limit in Washington.  After defying gravity for most of the summer, September is shaping up to be a tough month for markets, with major benchmarks in retreat for three consecutive weeks. At Wall Street’s opening bell, the Dow sank by more than 500 points,… Source link

The White House is pondering whether or not to take the keys to the U.S. economy away from Federal Reserve Chairman Jerome Powell, with the decision likely boiling down to politics. Powell’s term as Fed chairman expires in February of next year, meaning President Joe Biden would have to decide on Powell’s fate relatively soon in order to give the Senate enough time to proceed with the confirmation process. But calls within the Democratic party are emerging to boot Powell. Politico reported… Source link

When it looks like the U.S. has the answers to the pandemic, COVID-19 keeps changing the questions. Parents and teachers must now contend with the Delta variant as millions of students starting or preparing to go back to school. U.S. Secretary of Education Miguel Cardona told Yahoo Finance that he is paying attention not just as a federal official but also as a father. “I want to make sure that when my children return to school, I’m sending them to an environment that’s taking all the… Source link

(Bloomberg) — Problems at a Chinese nuclear power plant near Hong Kong probably aren’t cause for any concern, experts said. Some of the politics behind the situation just might be. An issue discovered inside China General Nuclear Power Corp.’s Taishan Unit 1 reactor, in which presumably damaged fuel rod casings leaked inert gas, has happened enough times in the industry that operators know how to manage it and it’s usually “not any kind of threat,” according to Jeff Merrifield, a… Source link

The battle over bitcoin’s evolving role just became a piece in a complex game of political strategy. Peter Thiel’s talk earlier this week at a Richard Nixon Foundation event thrust the cryptocurrency even further out onto the geopolitical stage and highlighted two important macro narratives that investors should keep an eye on, not just for their potential impact on crypto returns. Here’s one extract from his comments: Related: JPMorgan Testing Blockchain Solution to Improve Transfers… Source link

(Bloomberg) — The National Rifle Association of America, the gun-rights group feared for its lobbying clout but now threatened with dissolution by the state of New York, filed Friday for Chapter 11 bankruptcy with plans to regroup in Texas. Restructuring in court will help the NRA exit “a corrupt political and regulatory environment in New York,” according to a statement on its website. The NRA’s petition listed assets and liabilities of as much as $500 million each. The filing marked… Source link

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TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link

While speaking at the Ronald Reagan Institute on Monday, Maryland Gov. Larry Hogan discussed what he called the “exhausted majority” of Americans who he said are “fed up with politics” and feel ignored by politicians in Washington. Video Transcript LARRY HOGAN: A large majority of Americans are thoroughly convinced that our political system is fundamentally broken, that we, as a people, are tragically divided, and that Washington is completely dysfunctional. Most of us are sick and… Source link