The U.S. House of Representatives Committee on the Judiciary is reportedly preparing a bill to pressure the OPEC oil producers’ group to punish OPEC for the recent positive developments out of the Middle East. In early May, the U.S. House of Representatives Committee on the Judiciary was reportedly considering a bill to
During the annual shareholder meeting of Berkshire Hathaway, Peter Flaherty, the chairman of the National Legal and Policy Center, exposed the putrid underbelly of woke capitalism. Corporate intrigue reached a fevered pitch on May 6, 2023, in Omaha, Nebraska, when a shareholder was arrested during the annual shareholder meeting of Berkshire Hathaway.
According to investigative journalist Lee Fang, Google, Meta, and Amazon have been hiring low-paid foreign workers following layoffs in the United States. Some of the biggest companies in tech including Google, Meta, Amazon, Microsoft, and Salesforce have hired foreign workers just weeks after reducing headcount by thousands of employees, according to
China has also increasingly promoted the global usage of the yuan and expanded foreign investors’ access to its commodity exchanges in order to erode the dominance of the US dollar in global trade agreements. The US dollar is nowhere close to being dethroned as the dominant reserve currency and standard
According to data provided by PitchBook, here is a list of the biggest startup bankruptcies of all time. Vice Media has filed for bankruptcy, despite having raised over $1.6 billion from venture capitalists. The big picture: Vice now joins an ignominious club of well-funded flameouts. What follows are companies (excluding ones from China) that
India’s semiconductor dream is under threat as none of the major chipmaking companies, including Intel, TSMC, Samsung, Global Foundries, and Micron, have applied for the incentives provided. In the 1970s, India made quite a visionary bet — on chips! We’re talking about semiconductors, of course. We realized that almost everything in the
Douglas Boneparth, a 38-year-old financial adviser from New York, stated that the Greatest Wealth Transfer in History is no longer an impending phenomenon; it is now a present reality. An intergenerational transfer of wealth is in motion in America — and it will dwarf any of the past. Of the
Data from Incrementum AG and Crescat Capital LLC show the relationship between commodities and U.S. equities, and the next commodity super-cycle might be right around the corner. In recent years, commodity prices have reached a 50-year low relative to overall equity markets (S&P 500). Historically, lows in the ratio of
Erewhon, which is said to be America’s most expensive grocery store, is frequented by a host of celebrities, including musicians, authors, and the Kardashians. A luxury grocery store is proving so popular with customers that some allegedly work multiple jobs just to afford its produce. Erewhon, which is said to be
