Stock prices sank on Tuesday, Wednesday, and Thursday last week as investors showed new concerns about whether massive investments in artificial intelligence (AI) will ever return a profit.
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TRUMP’S POLITICAL GANG RAISES $429M BEFORE MIDTERMS
President Donald Trump may be sinking in the polls, but he continues to benefit from having a massive funding stockpile that could help influence this year’s Midterm Elections.
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WHILE DADDIES PLAY GOVERNMENT, SONS PLAY CRYPTO BUSINESS TYCOONS
President Donald Trump and his family have made a new fortune in the crypto game and he is bringing Steve Witkoff’s adult son along for the ride, according to a report last week in The Wall Street Journal that went into great detail on how World Liberty Financial has been the key money-maker, and is generating “cash far faster than the president’s decades-old real-estate business.”
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CHINA HAWK WINS SNAP ELECTION IN JAPAN TO THE DELIGHT OF THE TRUMP ADMINISTRATION
Sanae Takaichi, Japan’s prime minister, won a snap election on Sunday, drawing praise from the Trump administration because of her hawkish approach to China.
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DEATH OF JOURNALISM: BILLIONAIRE BEZOS GUTS WASHINGTON POST’S NEWSROOM
The Washington Post, one of the U.S.’s top papers, fired roughly 300 of its reporting staff to try to get a grip on its expenses as the paper experienced a drop in advertising revenue, which prompted criticism of Jeff Bezos, the billionaire owner of the newspaper, for ignoring calls to save the jobs.
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AMAZON SEES TAX BILL FALL AFTER TRUMP’S CUTS
President Donald Trump’s tax cuts helped Jeff Bezos’s Amazon save billions of dollars in 2025 compared to the year before, despite the company seeing a 45 percent jump in profits, according to a report.
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BILLIONAIRE GRIFFIN CALLS OUT TRUMP’S GRIFT
Ken Griffin, the billionaire founder of Citadel, offered rare criticism of President Donald Trump from a business leader last week when he raised questions about the Trump family’s business dealings and its pay-to-play tactics.
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TRUMP NOW WANTS HARVARD TO PAY $1 BILLION OVER HANDLING OF ‘ANTISEMITISM’ PROTESTS
President Donald Trump took to Truth Social last week to up the ante in his standoff with Harvard and said the Ivy League school must now pay $1 billion to the federal government over its unacceptable tolerance of antisemitism on campus during the spring of 2024.
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CONGRESS LAUNCHES PROBE INTO TRUMP FAMILY’S WORLD LIBERTY FINANCIAL
Rep. Ro Khanna, D-Calif., the top Democrat on the House Committee on Competition, announced last week that he launched a probe into the Trump family’s crypto company World Liberty Financial (WLFI) that took a $500 million investment from a royal in Abu Dhabi that raised questions if the deal had anything to do with the major U.S. chip sale to the UAE that raised national security concerns.
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ECONOMIC UPDATE – MARKET OVERVIEW
As we have long forecast, the 20th Century was the century of the United States but the 21st Century will be the Chinese century.