Commentary FedEx, the global delivery and logistics company, withdrew its forward guidance after the market closed on Sept 15. The share price collapsed by more than 16 percent in after-hours trading. On Sept. 16, FedEx (FDX) shares opened sharply lower and closed down 21.4 percent by the time the market closed. To give you a…
ESG Is Simply a Socialist Plot by a Group of ‘Corporate Elites,’ Disguised as Free Market: Andy Puzder
Many leftist progressive groups are pushing forward environmental, social, and governance (ESG) standards on companies and investments, claiming that such standards will benefit society. Andy Puzder, a visiting fellow at The Heritage Foundation and author of “The Capitalist Comeback,” warns that ESG is simply socialist ideologies being falsely presented as the free market. In an…
Debt—and Why the Fed Is Trapped
Commentary The massive debt levels provide the single most significant risk and challenge to the Federal Reserve. It is also why the Fed is desperate to return inflation to low levels, even if it means weaker economic growth. Such was a point previously made by Jerome Powell: “We need to act now, forthrightly, strongly as…
Millennial Money: Get Kids Set to Invest With These Accounts
During my late teens, my mom handed me two worn, blue passport-size books with details of my custodial investment accounts. I had no clue what to do with them, but it didn’t matter, because the accounts were empty anyway. Perhaps for the best, because I’m almost certain my assets wouldn’t have stood a chance. I…
Biden’s Spending Policies Result From ‘Lack of Understanding,’ Maybe Beginning of ‘Inflationary Regime’: Portfolio Manager
Tavi Costa, portfolio manager at Crescat Capital, has criticized the Biden administration’s spending measures, warning that Americans’ inflation woes might have only just begun. During the recent White House celebration of the passage of the “Inflation Reduction Act,” the president defended his government’s massive spending by saying that “we spend, but we pay.” Biden said…
Lithium Prices Surge to Record High, Threatening to Push Up Expensive EV Costs Even Higher
The price of lithium carbonate, the key material used to make electric car batteries, has continued to skyrocket, tripling in the past year. The valuable mineral is mainly processed in communist China, which has a monopoly on the battery market. Lithium carbonate prices in China hit $71,315 a ton on Sept. 16, according to data from…
Experienced Business Leaders Steering Clear of Boardrooms Due to Heavy ESG Burden: CEO
Heavy regulatory burdens that come packaged with trendy progressive agendas, like gender quotas, are keeping some of the most experienced executives from joining boardrooms, warns one CEO. Speaking on condition of anonymity, the CEO in charge of an Australian publicly listed company revealed that many individuals choose to take on non-executive roles as a form…
‘Magic Money’ Is Your Money
If you read no further than this first paragraph, in which I ask the rhetorical question, “Who pays?”—that is to say, who pays for the various Biden administration programs, whether it be student debt forgiveness, the Green New Deal, inflation, aid to Ukraine, or pandemic relief payments?—the answer is always the same: you do. If…
What Are Stocks Worth? A Review After Seven Months
Commentary Earlier this year, my Epoch Times article of Feb. 5 attempted to estimate the underlying value of stocks and determine the extent to which stocks were over- or undervalued and by how much. In February, the S&P 500 Index was at 4,500. With the corporate bond rate of 3 percent, my analysis showed the fundamental value of the…
What Are Stocks Worth? A Review After 7 Months
Commentary Earlier this year, my Epoch Times article of Feb. 5 attempted to estimate the underlying value of stocks and determine the extent to which stocks were over- or undervalued and by how much. In February, the S&P 500 Index was at 4,500. With the corporate bond rate of 3 percent, my analysis showed the fundamental value of the…
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