Latest Clips
Concentration of Critical Minerals Production Is a Risk: International Energy Agency
Between now and 2030, as much as 75 percent of growth in the supply of lithium, nickel, cobalt, and rare earth elements will come from just a handful of countries, according to the latest Global Critical Minerals Outlook report by the International Energy Agency. For the types of graphite used in batteries, nearly 95 percent […]
New Policies to Save China Property Sector Lacking: Expert
China announced “historic” steps on Friday to stabilize its crisis-hit property sector, with the central bank facilitating $1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy “some” apartments. NTD speaks to China economic analyst Antonio Graceffo for further insight.
Republicans Investigate US Chamber of Commerce After $12 Million Donation From Left-Leaning Group
Rep. Jason Smith (R-Mo.), chairman of the House Ways and Means Committee, is investigating the U.S. Chamber of Commerce after finding out it received a $12 million donation from the left-leaning Tides Foundation.
Facebook and Instagram Face Fresh Scrutiny Over Child Safety
The European Union opened investigations Thursday into Facebook and Instagram over concerns that the social media platforms are failing to protect children online and that Facebook and Instagram have violated the EU’s Digital Services Act.
Walmart’s Combination of Factors Attracting Customers Across Income Groups: Expert
Walmart has reported better-than-expected first-quarter results and raised its full-year forecast. During its earnings call, executives said it’s attracting more affluent customers and seeing growth in its online sales. NTD dives deeper into Walmart’s results with Diya Iyer, the retail director at S&P Global Ratings. Ms. Iyer takes a look at a combination of factors […]
Dow Jones Hits Record 40,000 Points
The Dow Jones Industrial Average rose to a record 40,000 on Thursday, fueled by investor hopes that softer inflation data would prompt the Federal Reserve to cut interest rates. Unlocking this milestone signaled “confidence” in the U.S. economy, according to President Joe Biden. The benchmark stock market index, featuring 30 companies listed on U.S. stock […]
OpenAI Co-founder and Safety Expert Departs Company
OpenAI co-founder and chief scientist Ilya Sutskever is leaving the startup. The announcement of Mr. Sutskever’s departure comes one day after OpenAI unveiled its latest artificial intelligence model, GPT-4o, in a presentation that showcased a huge upgrade in the chatbot’s capabilities.
US Leads in Global Defaults but Europe Defaults Attracting More Attention: Expert
Global defaults reached a four-year high in April, according to a report by S&P Global Ratings. It increased to 18, bringing the year’s total to 55. We reviewed the data with Nicole Serino, a credit research director at S&P Global Ratings. Consumer products, media, and entertainment had the largest number of defaults. She explained that […]
Population Collapse: Birthrates Plummeting Worldwide
Recent data shows populations across the world are falling fast, threatening economic collapse. The Population Research Institute’s Steve Mosher said Asia and Europe are literally dying and fertility rates in the United States are at the lowest the group has ever seen.
Biden’s Tariffs Will Hinder China’s Unfair Trade Tactics: Gordon Chang
President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports including electric vehicle batteries, computer chips, and medical products, as he woos American voters who give his economic policies low marks. NTD speaks to China expert Gordon Chang, author of the book “China is Going to War,” for analysis of […]
Clear Trend of Disinflation in Economy: Strategist
U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation. NTD speaks to Lance Roberts, chief strategist for RIA Advisors, to break down the numbers.
GameStop Shares Skyrocket After ‘Roaring Kitty’ X Post
Shares of videogame retailer GameStop surged double digits on Monday after Roaring Kitty returned to social media platform X after a three-year hiatus from social media. Keith Gill, known as “Roaring Kitty” on YouTube, is credited with sparking the 2021 meme stock rally that shot GameStop stock up 21-fold over two weeks just before it […]
Uber and Lyft in Court Again Over Employee Classification
Uber and Lyft went to court Monday over whether their drivers should be classified as employees instead of independent contractors after similar lawsuits in California and New York. Massachusetts Attorney General Andrea Joy Campbell said they are employees and should receive benefits such as a minimum wage, overtime pay, and earned sick time.
Analyst Describes Company Earnings Season as Sluggish
With earnings season almost wrapped up, we take a look back at overall performance with Chief Analytical Officer at S&P Global Ratings Gregg Lemos-Stein. In general, he describes the earnings as sluggish and flatlining. Mr. Lemos-Stein also breaks down, sector-by-sector, which are flourishing and which are struggling. He also explains how high interest rates are […]
Biden’s China Tariffs Increase a Means to Get Votes: Analyst
President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major hike in levies on electric vehicles (EVs), according to three people familiar with the matter. The full announcement, expected Tuesday, will maintain existing tariffs on many Chinese goods set by former President Donald Trump, according […]
US Consumers Are on Life Support: Peter Schiff
U.S. consumer sentiment sagged to a six-month low in May as households worried about the higher cost of living and unemployment, but economists cautioned against drawing conclusions on the implications for the economic outlook. The larger-than-expected drop in sentiment reported by the University of Michigan on Friday was across all age, income, and education groups […]