A man from Malibu has been convicted of scamming investors and Hollywood stars out of more than $20 million through false claims about his celebrity app’s business performance. Bernhard Eugen Fritsch, the founder and CEO of StarClub Inc., a Santa Monica-based tech company, was held accountable for an elaborate fraud…
Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan video that claimed the president is tanking the stock market on purpose with the endorsement of the legendary investor. Trump on Friday shared an outlandish social media video…
The stock market hoped for curtailment of tariffs on Wednesday, but that didn’t happen. Even the better-than-expected March non-farm payrolls weren’t enough to turn things around. The stock market slid sharply with the S&P 500 ($SPX), Nasdaq Composite, and Dow breaking through key technical support levels and closing very close…
American Water Works (AWK) Why focus on a utility that isn’t reporting earnings this week? It’s because the biggest question of the week is where should you put your money when markets are in turmoil. Hence, we review American Water. Do you want safety with a 2% dividend, a little…
Stocks are in a freefall with selling pressure spreading into industrial metals and other economically sensitive commodities. There are few places to hide in bear markets, and the list of alternatives continues to shrink. Bitcoin, an alternative, is holding up relatively well since March, but this crypto is positively correlated…
Whether Russia is ‘serious’ about achieving a ceasefire in Ukraine should become apparent in a ‘matter of weeks,’ Secretary of State Macro Rubio told reporters Friday. ‘The Russians know our position in terms of wanting to end the war, and we will know from their answers very soon whether they…
President Donald Trump has fired the head of the National Security Agency (NSA), a high-level move driven by mounting pressure from conservative allies to purge officials they view as insufficiently loyal to the president’s ‘America First’ agenda. Gen. Timothy Haugh and civilian Deputy Wendy Noble were let go from their…
A key moderate Democrat is warning his party they are heading the ‘wrong’ way on trade. Rep. Jared Golden, D-Maine, was one of the few Democrats to express some optimism at President Donald Trump’s support for tariffs, specifically his move to add a 10% baseline duty to all U.S. imports. …
Senior Iranian officials are threatening to ramp up the country’s nuclear program as the Trump administration weighs a possible strike against the regime if Tehran does not come to the table for negotiations. ‘The president should be making the regime sweat, pure and simple,’ Behnam Ben Taleblu, an Iran expert…
: Sen. Jacky Rosen plans to introduce amendments ahead of Friday night’s ‘Vote-A-Rama’ that would roll back President Donald Trump’s tariffs on certain materials on key tourism partners, likely forcing her Republican colleagues to go on record defending the policy again. ‘President Trump broke his promise to lower costs, and…