'Different from anything in the past 80 years of dollar dominance': U.S. sanctions spur a 'paradox' pushing allies away from American currency - Fortune

Michigan And New York Drive Jump In Initial Jobless Claims, Continuing Claims Near 2-Year-Lows

Michigan And New York Drive Jump In Initial Jobless Claims, Continuing Claims Near 2-Year-Lows The number of Americans filing for unemployment benefits for the first time rose to 209k last week, rebounding off the lowest levels since 1969... Michigan and New York saw the largest surge in initial jobless claims last week, while Puerto Rico and Ohio saw the biggest weekly declines... Continuing jobless claims, however, dipped back bel

Treasury Proposes Tax-Free Employer Contributions To Trump Accounts

Treasury Proposes Tax-Free Employer Contributions To Trump Accounts Authored by Naveen Athrappully via The Epoch Times, The Department of the Treasury on Aug. 11 issued guidance on employer contributions to Trump Accounts, proposing rules for how companies can run a valid contribution program for their employees. President Donald Trump speaks during the Trump Accounts summit at the Andrew W. Mellon Auditorium in Washington on Jan. 28, 2026. Madalina Kilroy/The Epoch Times A Trump Account is a savings and investing account designed to help children get a kickstart to reaching financial wellness and can be opened in the name of any individual younger than 18 with a valid Social Security number. American children born between 2025 and 2028 get a one-time deposit of $1,000 to start off. The account

"BlackDiamonds Are Forever": How To Profit From The China-Driven Germanium Squeeze

"BlackDiamonds Are Forever": How To Profit From The China-Driven Germanium Squeeze Piper Sandler initiated coverage of LightPath Technologies with an "Overweight" rating and a 12-month price target of $15, citing the defense supplier's proprietary BlackDiamond infrared glass, which completely "circumvents" the need for Germanium amid "significant cost increases and scarcity stemming from recent Chinese export controls." Clarke Jeffries, vice president and senior equity research analyst at Piper Sandler, specializes in industrial software and defense technology. In a note titled "BlackDiamonds Are Forever," Jeffries outlined the core value proposition underpinning LightPath's investment thesis: Central to LightPath's value proposition is the exclusive license to BlackDiamond, a synthetic glass that circumvents significant cost increases & scarcity from recent Chinese export controls on germanium. With an exclusive license, and now competing at cost parity (or below) to

'Safe Space': New Taxpayer-Funded Berlin Pool For 'Blacks Only' On Fridays

'Safe Space': New Taxpayer-Funded Berlin Pool For 'Blacks Only' On Fridays Via Remix News, A temporary open-air pool erected outside Berlin’s iconic theater was supposed to represent the ultimate low-barrier urban oasis. Instead, a plan to allow only Black people to attend on Fridays has sparked outrage and accusations of racism. Conceived as a free, non-commercial refuge requiring no identity checks — though reliant on a competitive online reservation system — the €300,000 project was introduced to the public as a shared summer meeting point. However, the organizers have implemented a protocol that excludes anyone non-Black one day a week, a clearly discriminatory practice. Tensions arose over a specific event slated for Friday, Aug. 14. According to the official program, “During this period, the public bath is exclusively open to Black communities.” Between 12:00 p.m. and 6:00 p.m., general admi

Norway $2.3 Trillion Wealth Fund Posts Record-High Profit in H1

Norway $2.3 Trillion Wealth Fund Posts Record-High Profit in H1 By Michael Kern of OilPrice.com The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, posted a record-high profit of $185 billion for the first half of 2026, as Asian technology stocks boosted its returns and profit on the portfolio. Norway’s Government Pension Fund Global (GPFG), which is commonly referred to as 'Norway's oil fund' because it was created with oil and gas revenues, is a shareholder in many large companies in the world, with more than half of the value of its equity investments in the U.S. market. The Norwegian fund was created in the 1990s, and today it holds, on average, 1.5% of all listed companies in the world. For the first half of the year, the fund posted

Ann Arbor Is The 'Most Educated' City In America