Bert Foster

During her visit to Stafford County, Virginia on Monday, U.S. Treasury Secretary Janet Yellen will highlight the significance of investing in rural areas by touring a broadband infrastructure project financed by the $1.9 trillion COVID-19 relief package known as the American Rescue Plan. Nearly 700 households in the area have gained access to high-speed…

According to recent reports, Japanese investment and consulting firm Metaplanet has decided to adopt bitcoin as a strategic reserve asset due to the country’s mounting debt burden and the subsequent volatility in the yen. Metaplanet’s decision follows the lead of U.S.-listed MicroStrategy, which has acquired multiple billions worth of bitcoin, as reported by Bitcointreasuries.net.…

As the trading day progresses, US equity futures continue to climb, following a string of gains in previous weeks. The S&P 500, which recently surpassed its 50-day moving average, has risen by 3.7% this month, with the Dow Jones Industrial Average set for a 40 point gain today. Markets are currently waiting for important…

As the week begins, markets continue to rise with the Dow Jones Industrial Average experiencing its best week in 2024 thus far, gaining 2.16% and marking its fourth consecutive weekly increase. Similar trends were observed for both the S&P 500 and Nasdaq Composite, which added 1.85% and 1.14%, respectively. Investors have expressed optimism following…

In addition to the recent charges against three individuals accused of collaborating with the Hong Kong intelligence service in the UK, Leon Panetta, a former US politician, has raised concerns about a proposed electric vehicle battery plant in Michigan potentially being utilized for Chinese espionage. These revelations come as Prime Minister Rishi Sunak prepares…

As futures for major US indexes rose on Monday, investors eagerly anticipated crucial inflation figures this week to determine the likely timing of future interest rate cuts by the Federal Reserve. Following three consecutive weeks of gains in both the S&P 500 and Nasdaq Composite indices, the Dow recorded its largest weekly surge since…

The global increase in funding for the production of semiconductors, mainly driven by superpowers like the US and EU, is part of a larger geopolitical rivalry with China, specifically regarding cutting-edge technology in the field of semiconductors. This competition is expected to shape the future of the global economy. The US has committed $33…

Chinese authorities have apprehended six individuals who played a role in operating an illicit digital currency conversion service worth approximately 2.14 billion yuan (equivalent to $296 million) through the use of cryptocurrencies. This revelation was reported by the China News Service via their Weixin platform, as disclosed by the Public Security Bureau of Panshi…

The Biden administration is planning to impose new tariffs on Chinese imports, which could potentially target electric vehicles, medical supplies, and solar equipment. These new tariffs are set to be announced as early as Tuesday and would be part of a broader strategy aimed at protecting the US against supply shortages seen during the…

Based on the article, here’s a summary of why three billionaire investors are currently betting big on energy stocks: 1. Chevron (CVX): – Warren Buffett, known for his successful investments, added to his position in Chevron in 2023, indicating confidence in the company. – Chevron provides broad exposure to the energy sector with operations…