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Is China's Central Bank Gold-Buying Spree a Precursor for War? Part II of II

The idea of a nation acquiring large gold reserves in preparation for military endeavors is not without historical precedent. Prior to World War I, European powers increased their gold reserves, and a century later, Russia's central bank doubled its gold holdings in the years before its invasion of Ukraine. This same strategic stockpiling of gold could be inferred from China and its pre-war positioning for a Taiwan incursion.

May 06, 2024 04:17 PM EDT


Regulatory Hurdles Remain Despite Cannabis Reclassification

Regulatory Hurdles Remain Despite Cannabis Reclassification

Tuesday afternoon saw a spike in cannabis stocks due to reports that the Biden administration might reclassify the substance as less harmful. T

May 03, 2024 03:16 PM EDT


JPMorgan Predicts No Rate Cuts, Potentially Boosting Returns

JPMorgan Predicts No Rate Cuts, Potentially Boosting Returns

JPMorgan Chase & Co. President Daniel Pinto suggested that the Federal Reserve might not cut interest rates at all this year due to persistently high inflation.

May 02, 2024 02:59 PM EDT


Is Your Luxury Bag Real? Rising Superfake Quality Threatens Your Investment

Is Your Luxury Bag Real? Rising Superfake Quality Threatens Your Investment

Luxury handbag counterfeiting has taken off on social media. The most recent wave of counterfeit handbags, dubbed "superfakes," resembles the real luxury item remarkably well rather than being poorly constructed knockoffs.

May 03, 2024 03:13 PM EDT


Inflation Bites as Low-Income Shoppers Skip Extras

Inflation Bites as Low-Income Shoppers Skip Extras

Several of the most well-known companies in America claim that as prices rise, inflation is pinching their customers.

May 03, 2024 03:12 PM EDT


Protect Your Wallet: FBI Warns of Rising Elder Fraud Targeting Seniors

Protect Your Wallet: FBI Warns of Rising Elder Fraud Targeting Seniors

According to a recently released FBI report, Americans over 60 were the victims of so-called elder fraud crimes more often last year than any other year, accounting for an estimated $3.4 billion in total reported losses.

May 02, 2024 03:08 PM EDT


 Is it Time to Invest in Weed? Pot Stocks Rise on Reclassification, But Caution Urged

Is it Time to Invest in Weed? Pot Stocks Rise on Reclassification, But Caution Urged

Cannabis company shares shot up on Tuesday afternoon following the U.S. Marijuana was reclassified by the Department of Justice (DoJ) as a less harmful substance.

May 03, 2024 03:04 PM EDT


CHINA-ECONOMY

Is China's Central Bank Gold-Buying Spree A Precursor for War? Part I of II

Since 2009, China has more than doubled its gold reserves. In wartime, particularly in wars perpetrated in violation of international law, the resulting international sanctions can force an invader state to rely on its gold reserves. Thus if a country is preparing to go to war and incur sanctions, it will ensure it has an ample reserve of gold.

May 02, 2024 03:08 PM EDT


Milei's Radical Approach to Overhauling Argentina's Fiscal Deficit

Milei's Radical Approach to Overhauling Argentina's Fiscal Deficit

Javier Milei, the libertarian president of Argentina, is intensifying his efforts to reduce the nation's large budget deficit by focusing more on "chainsaw" expenditure cutbacks and "blender" austerity measures that reduce buying power and, he believes, curb out-of-control inflation.

May 02, 2024 03:08 PM EDT


Can Small Businesses Survive Without TikTok?

Can Small Businesses Survive Without TikTok?

As the TikTok ban approaches in the United States, millions of usersâ ncluding owners of small businesses are frantically trying to decide what to do.

Apr 29, 2024 07:50 PM EDT


Is Newark the New Brooklyn? Signs of a City in Transformation

Is Newark the New Brooklyn? Signs of a City in Transformation

Over the past year, a number of significant development projects have been approved in Newark, where there is a surge in construction that mostly consists of new housing.

Apr 29, 2024 07:37 PM EDT


Big Changes for US Workers: Overtime Pay, Non-Compete Restrictions Explained

Big Changes for US Workers: Overtime Pay, Non-Compete Restrictions Explained

This week, the federal government took two steps that could have far-reaching effects for millions of American workers.

Apr 26, 2024 01:34 PM EDT


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