Warren Buffett is back in the game, sort of. He is only spending 7% of Berkshire’s $137 billion cash pile, but it’s a start. In the aftermath of the 2008 financial crisis, Buffett acted boldly. His distressed-asset deals helped support blue chip companies like General Electric, Goldman Sachs, and Bank of America. This time around, though, Buffett has not been…

The strength of the stock market rebound has been a mystery. (To give you a sneak preview, today we’ll explore a narrative that solves the mystery.) It’s not just that stocks — not all stocks, but a favored group — are showing a kind of bizarre optimism, relative to a catastrophic collapse in the real economy, the ongoing challenges of…

On June 15, Hertz announced plans to raise $500 million in a new share offering. This was controversial because Hertz is in Chapter 11 bankruptcy, the creditors have dibs on the assets, and the new shares have statistical near-certainty of being worth zero. We wrote about this fiasco on June 17. That same day, the Securities and Exchange Commission (SEC)…

The National Defense Authorization Act (NDAA) is an annual bill, passed by Congress, that authorizes the U.S. defense budget. It is the primary means by which America funds its military. For fiscal year 2021, the NDAA laid out a defense budget of just over $740 billion. That money is used for everything from paying soldiers to running military bases to…

If you’re a buyer and holder of cannabis stocks in recent months, you need to read what’s happening in this industry.

Jerome Powell, the Chairman of the Federal Reserve, said extraordinary things in a May 13 speech. And to make sure his points were heard, Powell reiterated them on a May 17 60 Minutes interview. The “extraordinary” part came from the context. Under normal circumstances, a central bank never gives policy advice to the government. Nor does a central bank chief…

In an article earlier this week, I pointed out the growing threat that leading Chinese tech stocks could vanish from U.S. exchanges. Companies like Alibaba (BABA), Baidu (BIDU), and Weibo (WB) are in fact getting pressured from all sides. No wonder their shares listed here in the U.S. are all down about 50% from highs earlier this year.

November brings a change in the color of leaves, pumpkin pie… And killer stock returns!

Let me explain what is happening with the water crisis happening along the Colorado River and how you can invest in real change to address this crisis.

Senate leaders are proposing that banks report directly to the Treasury Department information on any bank account that has inflows or outflows of $10,000 or more. Critics cry that this is yet another effort by bureaucrats to poke their noses into citizens’ affairs. Me? I call it an opportunity.