Dysfunctional US economy propped up by countries supplying it with goods it can’t produce itself – Peter Schiff

America has turned into a consumption economy, according to veteran stockbroker Peter Schiff, who points out that economies can’t run on consumption because then they become “bubble economies.”

“Bitcoin Fixes This”: Silicon Valley Icon Slams “Job-Crushing” Biden Tax Plan, “Oppressive Government”

Bloomberg quickly polled several Wall Street traders who focused on the policy’s implications for investing, and concluded that while it was too soon to panic, prospects of a higher levy on stock profits could spark near-term selling as investors look to skirt a higher rate.

Exports from China’s Xinjiang province to US more than doubled this year despite sanctions

Direct exports from China’s northwestern Xinjiang region to the US surged 113% year-on-year in the first quarter of 2021 despite Washington’s import ban on cotton and other products.

US, Japan to Invest in 6G to Defeat Beijing (Video)

The United States and Japan are teaming up to invest $4.5 billion in 6G technology. The goal is to create an alternative to a Beijing-led 5G data network.

Foxconn Mostly Bails On $10 Billion Wisconsin Factory

Taiwan electronics manufacturer Foxconn has all but bailed on a $10 billion factory in Wisconsin which was supposed to employ 13,000 workers - only to have been plagued with setbacks and confusion from the start.

Procter & Gamble Will Raise Prices in September

Price increases on baby products, adult diapers and feminine-care brands come as the company reports slowing growth in latest quarter

Wall Street slips off record highs, Tesla drops after fatal crash

U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc shares fell after a fatal car crash.

Peloton, consumer watchdog spar over alert to stop using treadmill after child’s death, injuries

Consumer Product Safety Commission warned Americans to stop using the Peloton Tread+ treadmill following 39 reports of injuries, including one death

Dollar Slumps to 6-Week Low, Bitcoin Steadies After Weekend Drop

LONDON—The dollar slumped to a six-week low against major peers on Monday, with Treasury yields near their lowest in five weeks, after the U.S. Federal Reserve reiterated its view that any spike in inflation was likely to be temporary.

Bezos Lays Out Amazon’s Strategic Shift, Defends Work Practices After Failed Union Bid

'We are going to be Earth’s Best Employer and Earth’s Safest Place to Work,' Bezos said

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