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Meme Stock NVIDIA Hits $1 Tn
Cathie Wood — whose Ark Investments recently divested a bulk on its NVIDIA stake ahead of the stock’s massive rally last week — thinks the chipmaker’s shares are too costly. This isn’t the first time the chipmaker has been over-valuated though. In late 2021 NVIDIA’s share price had experienced a major parabolic trend based on…
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Can Investors Brave The Crypto Winter?
At US$999 per ticket you too can spend a couple days with 12,000 other Bitcoin enthusiasts engaged in decentralized camaraderie. The event is Bitcoin 2023 in Miami Beach, FL. Activities range from a bitcoin art gallery to testing the latest and greatest bitcoin mining rigs and attending panels. That 12,000 figure is less than half…
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Senator Cotton Vies for Immediate US Withdrawal from New Start Arms Control Treaty
On Feb 2 2019 the US began its withdrawal from the Intermediate-Range Nuclear Forces (INF) Treaty. At that time Secretary of State Michael Pompeo said, Russia remained in material breach of its obligations not to produce, possess, or flight-test a ground-launched, intermediate-range cruise missile system with a range between 500 and 5,500 kilometers. According to…
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Martha Stewart on Her Sports Illustrated Swimsuit Debut at 81: ‘I Better Look Really Good’
Culinary queen Martha Stewart is scheduled to make history as she becomes the oldest federal criminal to grace the cover of Sports Illustrated. Chef and lifestyle expert Martha Stewart built a $400 million empire on the importance of self-care in many forms—delicious recipes, home decor, comfortable shoes, CBD gummies—and insider trading. Stewart was convicted of…
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Foreign Ownership Exposed
Over a year ago a story emerged over the trepidation relating to President Biden’s decision to release millions of barrels of oil from the country’s strategic oil reserves. While the oil was released to stabilize global energy markets and lower the prices of gas, of late the oil reserve release has been controversial. Some of…
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Warren Buffet Drops TSMC for a ‘Fistful of Dollars’
In a seemingly sudden and bold move, Warren Buffet of Berkshire Hathaway has announced the divestment of 86% of its TSMC stake in February. Taiwan SemiconductorManufacturing Corporation is the he world’s largest dedicated semiconductor foundry and a major beneficiary of the CHIPS Act. A subsidy galvanizing an oligopoly between the world’s biggest manufacturing and design…
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Gene Edited Twins Spawn a New Epoch in US BioPhysics
With Vertex Pharmaceuticals and CRISPR Therapeutics announcing that they had completed the rolling submission of their Biologics License Applications (BLAs) for the investigational therapy exagamglogene autotemcel (exa-cel; previously known as CTX001) for the treatment of sickle cell disease (SCD) and transfusion-dependent beta thalassemia (TDT), an insight into the exploratory pioneering done on a seemingly negligent…
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Where The Deposits Are Going
With the down-sloping economy wrought with an inverted yield curve, bank runs, US bailouts, and an unprecedented diminishing of deposits within the retail and commercial banking systems, people are wondering where the money is going. There currently is an excess supply of cash looking for short term investments. Deposits at small banks fell $119 Bn…
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Storms in California Claim lives and Derail Amtrak Train
An unwieldy, barometer-bending storm has hit the golden state with unfortunate casualties and massive property damage in its wake. The storm hit San Francisco yesterday and Los Angeles today in what’s being called the worst one in California since Hurricane Nora in 1997. As it ravaged Northern CA, it split off resulting in a “doubled-barreled…
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