US Business Should Stay in US
Trump and Biden Can Agree on One Thing… Hi Reader, Here’s what our editors are looking at today… | | | Dan Amoss: The Cost of Keeping US Steel US-Owned Japan’s largest steelmaker, Nippon Steel, wants to acquire US Steel Corporation, which was once the largest company in the world. In corporate takeovers, unions don’t always hold much sway. But due to a combination of timing, circumstance and politics, in this deal, they do. A lot of people thought this landmark deal was a corporate slam dunk, but talks fell apart in less than an hour. The future of the deal is now uncertain. In part, because it’s happening in the crucible of a presidential election. And now, there are huge consequences – for President Biden, former President Trump, and the entire American steel industry. Today on the show, what this fraught US Steel deal tells us about American manufacturing and union politics — and what it could all mean for Joe Biden and Donald Trump. ⇒ Read More Here | |
James Altucher: The Bitcoin halving is coming — How are options traders positioned? In preparation for the Bitcoin halving, professional traders are increasingly turning to options strategies. This approach allows for leveraging positions with a relatively small upfront deposit, sidestepping the direct risk of liquidation prevalent in futures markets. Crypto traders expect the upcoming halving to send BTC price much higher, but what does the options market say about pro traders' expectations? ⇒ Read More Here | |
Alan Knuckman: Dollar stores are shutting down across America. They did this to themselves These are tough times for two big US dollar store chains. In the past month, Family Dollar said it will close nearly 1,000 stores and 99 Cents Only said it will go out of business. Both companies said inflation and shoplifting have contributed to their troubles. While inflation has pressured the companies’ low-income customer base and shoplifting has squeezed their profits, those factors alone can’t explain their difficulties. They never had the right business model. They were never going to get there. Here’s a look at what’s gone wrong at these chains… ⇒ Read More Here That’s all for today, we’ll be back Monday with more of our top articles. Make sure to email us here with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, | | | | | |
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