Pentagon Spends $1 Billion To Acquire More War Robots

According to a new report from Bloomberg, the Pentagon is spending approximately $1 billion over the next several years for a variety of robots designed to complement combat troops on the modern battlefield. In addition to scouting and explosives disposal, these new war robots will reportedly…

Global Military Spending Notches Up

The end of the Cold War didn’t usher in world peace and countries keep spending on militaries and arms. As Staista’s Dyfed Loesche reports, the newest data released by the Stockholm International Peace Research Institute (SIPRI) shows governments around the world spent an estimated $1.7 trillion in…

Gold Hits 2018 Lows As Dollar Soars; Tech Pops, Dow Drops

A Quiet Day with much of the world off on May Day holidays… Stagflation concerns dominate – construction spending and ISM Manufacturing tumbled as PMI/ISM Prices Paid soared to seven year highs – Simply put, hope is gone…   A very mixed picture in equity-land…

Oil Is Breaking Out, So Are Inflation Expectations

Authored by Bryce Coward via Knowledge Leaders Capital blog, After spending the last four months consolidating gains, crude oil is breaking higher again… And it’s taking inflation expectations with it… The break higher in crude isn’t surprising given that oil fundamentals haven’t been this good in…

US Budget Deficit Hits $600 Billion In 6 Months, As Spending On Interest Explodes

The US is starting to admit that it has a spending problem. According to the latest Monthly Treasury Statement, in March, the US collected $210.8BN in receipts – consisting of $88BN in individual income tax, $98BN in social security and payroll tax, $5BN in corporate…

Ann Coulter Slams “Lazy Ignoramus” Trump: “All He Wants Is Goldman To Like Him”

Following the passage of the $1.3 trillion omnibus spending bill last Friday, right-wing pundit Ann Coulter has been on the war path against President Trump – who she called a “shallow, lazy ignoramus,” that isn’t “giving us what he promised at every single campaign stop.” Speaking…

President Trump Explains Why He Signed Ominbus Spending Bill Despite Veto Threat on Twitter

President Donald Trump signed Congress’s $1.3 trillion omnibus spending bill on Friday afternoon, despite widespread criticism of the legislation from his supporters. The president described the 2,232-page bill as “ridiculous” but said he felt the need to sign it because of his duty to protect…

2.8 Million Hong-Kongers Got A HK$4,000 Cash Handout Today

With Trump signing a record $1.3 trillion spending bill, of which $700 billion is set to go to the military, average Americans are wondering if they will each get some cash, or at least an army tank, from the government. And, if they were resident…