Posts by Amelia Frost
A Report Concluded That a Republican Rep. Sexually Harassed Female Staffers. He Is No Longer Seeking Reelection.
Congressman Chuck Edwards, R-North Carolina, will not seek reelection following a report that said he sexually harassed female staffers. “After much prayer and reflection, I’ve decided to withdraw from my reelection campaign. I will complete my current term,” Edwards wrote on X. “Serving Western North Carolina has been the honor of my life. Thank you…
Read MoreSpaceX’s AI Spending Has Rattled Investors. Its Stock Is Sinking.
SpaceX stocks are sinking on Wednesday as investors continue to pull money from the company following an earnings report where its spending in AI rattled investors. Shares were falling more than 7% at 10:35 a.m. and hovering below $116, almost $20 less than its IPO price and $100 from its peak. The aerospace giant reported…
Read MoreCitadel Bought Assets From Collapsed Situational Awareness At a Discount. Its Flagship Fund Had Its Best Month In Years
Ken Griffin, founder and CEO of multinational hedge fund Citadel, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2026. Patrick T. Fallon/AFP Citadel’s flagship Wellington fund posted 5.9% returns in July, its largest in years, after the company bought assets from collapsed Situational…
Read MoreEli Lilly Raises Sales Forecast As Weight Loss Drug Demand Soars. Its Stock is Climbing
Eli Lilly raised its full-year revenue outlook after reporting second-quarter earnings and sales that comfortably exceeded Wall Street expectations, as strong demand for its blockbuster diabetes and weight-loss treatments continued to fuel rapid growth across its business. The pharmaceutical company now expects 2026 revenue of $85 billion to $87 billion, up from its previous forecast…
Read MoreInvestor Who Predicted The 2008 Financial Crisis Issues Fresh Warning: ‘Possible a 1987-Type Fall”
Investor Michael Burry, best known for predicting the 2008 housing market collapse, has renewed his warning that U.S. equities could be nearing a major turning point, saying current market conditions could resemble those that preceded the 1987 stock market crash. The caution came even as Wall Street extended its rally on Tuesday. The S&P 500…
Read MoreThe Houthis Said They Struck a Saudi Tanker In The Red Sea Despite U.S.-Iran Talks. Brent Crude Is Up
Yemen’s Houthi rebels said they again struck a Saudi tanker in the Red Sea as they continue to enforce what they have described an embargo on the country’s oil in the region. The group said the incident took place near the coast of Yanbu, a major port for Saudi oil. Prices increased moderately on Wednesday.…
Read MoreFed’s Kashkari Backs His Vote To Hike Interest Rates: ‘Now Is The Time’
Minneapolis Federal Reserve President Neel Kashkari backed his decision to vote in favor of hiking interest rates in last week’s meeting, saying now is “the time to start slowly moving up as we get more data in.” Speaking with CNBC, Kashkari said the most recent information shows the current monetary policy is not “particularly restrictive.”…
Read MoreTrump Hails ‘Very Good Discussions’ With Iran. Says Deal To Reopen Hormuz Strait Could Be Imminent
President Donald Trump said the U.S. is having “very good discussions” with Iran and a deal to reopen the Strait of Hormuz could be announced imminently. Anna Moneymaker/Getty Images President Donald Trump said the U.S. is having “very good discussions” with Iran and a deal to reopen the Strait of Hormuz could be announced imminently.…
Read MoreThe S&P 500 Is at Record Levels. But Some Analysts Aren’t Ready to Celebrate a Breakout Yet
The S&P 500 has climbed back to record territory, but technical analysts on Wall Street say investors should resist declaring victory until the benchmark clears one critical hurdle of several decisive daily closes above a certain number. After rebounding to fresh highs on Tuesday, market strategists are closely monitoring the 7,620 level, which represents the…
Read MoreThe Fed Is Considering Fewer Policy Meetings. The Proposal Could Mark the Biggest Process Change in Decades.
The Federal Reserve could soon make one of the most significant changes to its monetary policy process in decades as Chair Kevin Warsh reportedly considers reducing the number of annual meetings where officials decide interest rate policy. According to a report by The New York Times, the proposal would cut the Fed’s current schedule of…
Read MoreThe Deportation Of a Colombian Activist Illustrates How Partisan Bogota-Washington Relations Have Become
The deportation of Colombian activist Beto Coral signals a deeply partisan (and personal) tightening of U.S. and Colombian relations, according to political experts. Coral, a Colombian activist and prominent critic of Colombian President-Elect Abelardo de la Espriella, was arrested by federal agents on June 16 at his home in Arizona and agreed to be deported…
Read MoreA Report Has Found That a Republican Lawmakers Sexually Harassed Staff Members. He Now Faces Calls To Resign
A Republican congressman found to have violated House rules regarding sexual harassment and creating a hostile work environment is facing calls to resign. Axios reported that the Democratic Women’s Caucus has called upon Chuck Edwards, R-North Carolina, to resign following the conclusions of the House Ethics Committee. A report from the committee found that Edwards’…
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