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Latest Finance stories, analysis, and updates from SOFREP.
One hundred and five percent of GDP: This is the value of the total debt owed by the United States. Put differently, the value of the debt burden owed by the United States government is five percent larger than the total value of all production and consumption in the U.S. economy during the course of […]
Although the flu is not something most healthy Americans go around worrying about, the Centers for Disease Control and Prevention (CDC) is warning that this year’s flu season could be a brutal one. According to a press release issued just days before Christmas of last year, the flu season was officially declared on December 15, […]
As the new year dawns, most people wonder what 2019 will bring—especially when it comes to finance. The previous year was full of ups and downs, but the declining stock market in the latter half of the year has left a sour feeling in the stomachs of many investors. So what are experts predicting for […]
At this point, it is not news that the President of the United States is a fan of tariffs. He has gone so far as to (sarcastically or not) christen himself “Tariff Man,” in a tweet earlier this month. What is also not new is that President Trump seems to fundamentally misunderstand how international trade […]
Tech companies like the FAANG group (Facebook, Amazon, Apple, Netflix, and Google) are constantly making headlines. Whether it be new product releases, congressional hearings, or security concerns, most investors know to watch for these companies. However, outside of that circle, there are several other tech companies making huge waves — and profits — in the […]
With operations in Syria ramping up, Turkey’s Trade Minister, Ruhsar Pekcan, told reporters on Thursday that she expected the United States to extend the current waiver which allows the country to buy Iran’s crude oil. In November, the US placed sanctions on Iran’s oil exports, but granted several exemptions to the Gulf state’s biggest customers, allowing […]
E-commerce superpower Amazon is celebrating its best holiday sales period ever thanks to a record-breaking number of items bought across the globe. The company released its holiday sales information on Wednesday and claimed “all-new Echo Dot, L.O.L. Surprise! Glam Glitter Series Doll, fashion items from Carhartt, and Bose QuietComfort Wireless Headphones,” along with other items, […]
This is the final installment in a 3 part series. Read parts 1 and 2 here. President Trump’s wall will increase the power of the most dangerous drug cartels, it will contribute to the introduction of more dangerous variants of drugs it makes in short supply, and it is unlikely to pay for itself because […]
A stock market in seeming free fall, flagging consumer confidence and the lengthy recovery from the Great Recession of 2007-09 all point toward another recession… perhaps in 2019 or 2020. The Christmas Eve stock market declines were not encouraging. The Dow’s plunge on Monday of 2.91% and the S&P 500’s shedding of 2.71% marked the […]
North Korea has been ordered to pay more than half a billion dollars to the family of Otto Warmbier, a US citizen and student who was tortured and eventually died after being arrested by North Korean officials in 2016. Officials from the communist regime claim that Warmbier was arrested for allegedly attempting to steal a […]
On Thursday, President Trump signed the 2018 farm bill, officially ushering in the era of legalized hemp and cannabidiol (CBD). Although both hemp and marijuana come from similar Cannabis plants, Medium reports only marijuana contains the high-inducing Tetrahydrocannabinol, commonly known as THC. While it lacks THC, hemp has several industrial applications while CBD has been […]
This is part 1 of a 3 part series. In the latest round of negotiations and public stumping for his border wall, President Trump told Congress he wants $15 billion in wall funding attached to the year-end spending bill. The president’s desire to build a “big, beautiful” wall on the southern border is nothing new; […]
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Praesidus builds rugged, American-assembled watches inspired by historic military timepieces. Designed for accuracy and tested for endurance, each watch is made for outdoor explorers, everyday adventurers, and anyone who needs reliability when it matters.
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