Department of Motor Vehicles Headlines U.S. Politics 

Forget Facebook — Here’s Who’s Really Been Selling Your Data – CCN.com

If you think Facebook is scary, get this: one state-level government agency has been selling citizens’ personal data from right under their noses. | Source: AFP While many people remain at least partially wary of Facebook and other Big Tech giants leaking their data or sharing it with other companies, one government agency has been selling citizens’ personal data from right under their noses. The Department of Motor Vehicles in some U.S. states has allegedly been raking in tens of millions of dollars by selling drivers’ personal data to the…

Read More
bitcoin Cryptocurrency News gold U.S. Politics us-china trade war 

Trump Ups the Ante on China While Bitcoin & Gold Shine Bright

As Charles Schwab’s Liz Ann Sonders points out, this rift between President Trump and China is no longer just a “skirmish.”  | Source: Shutterstock By CCN Markets: China had to see this one coming. After China President Xi Jinping revealed his intentions to slap fresh tariffs on $75 billion in U.S. goods, President Trump raised the stakes, revealing in a tweetstorm that two could play that game. He decided to increase the tariff rate on $250 billion worth of Chinese goods to 30 percent from 25 percent. In addition, whatever…

Read More
Denmark Donald Trump Greenland Headlines Op-ed U.S. Politics 

Why Buying Greenland Would Be Trump’s Best Real Estate Deal Ever

If President Trump can wheel and deal his way into buying Greenland, it would undeniably be his best real estate purchase – ever. | Source: AP Photo / Evan Vucci (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Though he is no longer active in the day-to-day activities of the Trump Organization, the U.S. president’s reported desire to acquire Greenland could be the most brilliant real estate deal he will ever make – if it comes to fruition. This is precisely for one reason – the vast mineral…

Read More
Dow Jones Trump U.S. Business News U.S. Market News U.S. Politics 

Dow Futures Pump 100 points, but Ex-White House Insider Warns of Recession

Dow futures jump 100 points despite warning from former White House advisor and Treasury Secretary. Source: Shutterstock The US stock market looks set to open in positive territory on Wednesday as Dow futures pump 100 points higher in early trading. Despite the bounce, experts are increasingly nervous about flared tensions between Trump and China. Lawrence Summer, former US Treasury Secretary and White House advisor, said the threat of recession has magnified since May’s trade deal breakdown. “[Chance of recession is] “much higher than it needs to be and much higher…

Read More
Donald Trump Opinion U.S. Politics us-china trade war 

Trump May Not Be President in Time for US-China Trade Deal

With the U.S. and China taking a hard-line stance, Goldman Sachs noted that it’s not expecting a trade deal before the 2020 election. | Source: AFP PHOTO / Brendan SMIALOWSKI Goldman Sachs is no longer confident that a U.S.-China trade deal will be on the table before the 2020 election. Trade tensions between two of the largest global economies took a devastating turn over the last few days. This came after negotiations between the two countries broke down. This is not good news for President Trump. The Trump administration moved…

Read More
JPMorgan S&P 500 U.S. Market News U.S. Politics 

Wall Street Disagrees on Size of Rate Cut Ahead of Fed Meeting

Most of Wall Street is expecting the Fed to cut interest rates in coming days, but the question is by how much? For the most part, economists fall in one of two camps – a 25 basis-point cut or a 50 basis-point cut. But according to one White House official, half-a-point is just not going far enough. White House Economic Adviser Larry Kudlow appears to prefer to see the Fed cut interest rates by 75 basis points when they meet for a two-day meeting next week, telling Fox Business: “I…

Read More
Cryptocurrency News Donald Trump gold Iran U.S. Politics 

Iran Punks Trump With Historic Gold-Backed Crypto Scheme

Days after President Trump slammed bitcoin and the very idea of crypto, geopolitical foe Iran revealed that it is ready to unveil its own gold-backed cryptocurrency. Gold held in reserve by the Middle East country’s central bank will back the value of tokens on the blockchain of Iran’s new central bank “cryptocurrency” – which might be a generous term. The crypto will be mined by a small consortium of private Iranian tech companies. The move could further complicate tensions between the oil-rich country and the United States. News of the…

Read More
china Cryptocurrency News Iran russia U.S. Politics venezuela 

Study Exposes How Russia, Iran, & China Are Weaponizing Crypto

It’s no secret that foes of the United States – including Venezuela, Iran, Russia, and China – are experimenting with cryptocurrency technology as they seek to render their economies immune to crippling US sanctions. However, a new study from the Foundation for Defense of Democracies (FDD) exposes the lengths to which these rogue nations are willing to go to make this a reality. “For decades, U.S. adversaries have been trying to evade and undermine this power, but there has been no way to conduct significant international commerce without moving through…

Read More
Cryptocurrency News Donald Trump federal reserve judy shelton U.S. Politics 

Trump’s Fed Pick Isn’t Just a Gold Bug

White House economic adviser Judy Shelton made headlines last week after President Donald Trump nominated her to the Federal Reserve Board of Governors. The mainstream press and finance industry were surprised to learn Trump’s Fed pick is a “gold bug.” She advocates returning the U.S. Dollar to the “gold standard.” President Trump’s Fed Nominee Dr. Judy Shelton discusses her support of a return to the gold standard and her critical take on central bank activity “Money is meant to serve as a reliable measure.”@CNBC pic.twitter.com/4wxKOgjRf4 — Squawk on the Street…

Read More
Donald Trump S&P 500 U.S. Market News U.S. Politics 

Bullish S&P 500 Index Signals Likely Trump 2020 Victory

Up almost 50 percent since his election and recently hitting fresh all-time highs, the S&P 500 index could be signaling expectations Trump may be reelected. Stock Market Suggests Investor Confidence The economy under Trump has shown few signs of slowing down. The economy gained 224,000 jobs in June, according to a monthly employment report released Friday. That brings monthly job growth for April, May, and June to an average 171,000 jobs. Wages are also on an uptick, 3.1 percent up for hourly paid workers over the past year. But it…

Read More