A “wall of money” is headed for the stock market this summer and will drive equities to record highs, according to a recent note from Goldman Sachs’ trading desk.Scott Rubner, a managing director at Goldman Sachs, highlighted in the note that a record $7.3 trillion is sitting in money market funds, and a large chunk…
A famous waterfall in China has drawn even more attention than usual – after a video revealed that its majestic falls may be artificially supplied by a water pipe.The Yuntai Waterfall is located in Yuntai Mountain Park, a major tourist attraction in China’s north-central Henan province. The park has an AAAAA rating – the highest given to a tourist…
ABC News anchor George Stephanopoulos clashed with former President Trump’s attorney, Will Scharf, in a Sunday interview, over the former president’s unsubstantiated claims that President Biden played a role in bringing the hush money criminal case against Trump in New York.In an interview on “This Week,” Scharf repeatedly echoed claims of the former president, arguing…
By Jack Queen(Reuters) – Donald Trump’s criminal conviction for illegally covering up a hush money payment to a porn star will not prevent the Republican candidate from pursuing his campaign to retake the White House, even if he were sentenced to prison before the Nov. 5 election.Here’s why.HOW CAN TRUMP BE PRESIDENT DESPITE THE CONVICTION?The…
EL PASO, Texas (Reuters) -Dallas Federal Reserve Bank President Lorie Logan said on Thursday she believes inflation is still heading to the Fed’s 2% target, although she can imagine “other paths” that the Fed ought to be prepared for, and it is too early to consider cutting interest rates.”I think there’s good reasons to think…
Conservative Supreme Court justice Samuel Alito’s goofy excuse for flying an inverted U.S. flag outside his Virginia home—that his wife did it because she was upset about a neighbor’s sign—has deteriorated more swiftly than civil rights under the high court.In an interview with The New York Times, Alito neighbor Emily Baden detailed a series of…
Stubborn inflation has been hitting Americans at every level: From grocery prices to those of housing, high costs have placed an enormous toll on consumers. Thus, it came as no surprise that the Federal Reserve chose to keep its rates steady following its Federal Open Market Committee (FOMC) meeting which concluded on May 1. In…
The U.S. stock market is one of the best predictors of whether the incumbent party will win a presidential election.That’s important to know because of the widely mixed messages of the electronic prediction markets, to which many until now have turned to get reliable predictions. Many fans of those markets have of late become disillusioned…
WASHINGTON (AP) — The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time.…
Former President Donald Trump suddenly stopped talking for more than 30 seconds during a speech at the National Rifle Association’s annual meeting in Dallas, Texas over the weekend, leading the Biden campaign to capitalize on the speculation about whether his Republican opponent is fit for office.The presumptive Republican presidential nominee addressed gun owners after receiving…
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