Putin and Xi Herald the Virtues of Globalism, Critiquing the U.S. on Trade

ST. PETERSBURG, Russia — In back-to-back speeches at an investment conference Friday, the leaders of Russia and China cast themselves as the champions of free markets and global trade, an overt show of opposition to what they portrayed as the United States’ retreat into protectionism with sanctions and tariffs. President Xi Jinping of China spoke expansively about his country’s firm support for globalization and open borders, saying that “we all must work to bring about a harmonious world.” In his speech, President Vladimir V. Putin of Russia took a much…

Trump says ‘not nearly enough’ progress in talks with Mexico; tariffs to begin Monday if no deal

President Donald Trump said “not nearly enough” progress was made in talks with Mexico to mitigate the flow of undocumented migrants and illegal drugs, raising the likelihood that the U.S. will follow through with tariffs next week. U.S. and Mexican officials wrapped up discussions on Wednesday at the White House and Trump said talks are set to resume Thursday. Immigration discussions at the White House with representatives of Mexico have ended for the day. Progress is being made, but not nearly enough! Border arrests for May are at 133,000 because…

U.S. Wholesale Inventories Climb More Than Expected In April

Wholesale inventories in the U.S. increased by slightly more than anticipated in the month of April, according to a report released by the Commerce Department on Friday. The report said wholesale inventories climbed by 0.8 percent in April after coming in virtually unchanged in March. Economists had expected inventories to rise by 0.7 percent. Inventories of durable goods jumped by 1.0 percent in April after rising by 0.3 percent in the previous month. Automotive inventories led the way higher, spiking by 3.8 percent. The Commerce Department said inventories of non-durable…

Analyst believes FANG stocks are past their prime, with one exception

FANG — Wall Street’s widely used acronym for Facebook, Amazon, Netflix and Google parent Alphabet — has lost nearly half a trillion dollars in market value since each stock’s 52-week high. Alphabet has been the biggest loser, shedding $173 billion since April. As regulators set their sights on big tech, the future of FANG is being called into question. TradingAnalysis.com founder Todd Gordon on Thursday called the group “dead money.” Citing a chart of the NYSE FANG+ Index, which tracks the four FANG stocks along with other major tech players…

How to Invest in Stocks Like a Venture Capitalist for Triple the Upside

By Marin Katusa via Iris.xyz What I’m about to show you is frightening to some people… And will become lucrative to a select few others. So there’s no way to sugar-coat this. The mining industry loaded itself up to the gills with low-cost debt when commodity prices were a lot higher than they are today. This was in an attempt to advance their assets towards production. The Secret Investment Vehicle of the Ultra Rich – Debt Here’s something critical in the hierarchy of a company’s capital structure that you need to…