Trump’s economic war will bring US further defeat – Iran
Iranian Foreign Minister Abbas Araghchi has rejected US President Donald Trump’s latest economic pressure campaign against Tehran, describing it as another attempt to revive policies that have previously failed to achieve Washington’s objectives.
Araghchi made the remarks on Thursday in response to Trump’s announcement of what the US president described as an unprecedented economic campaign aimed at isolating Iran.
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Read MoreFederal Reserve should discuss rate cuts, says Academy Securities’ Tchir
Peter Tchir, head of macro strategy at Academy Securities, isn’t impressed. The US Treasury just doubled the size of its liquidity support buybacks for longer-dated government debt, and the man whose job is to parse these moves for institutional investors described the whole thing as “kind of mediocre.”
His bigger message: the Federal Reserve needs to start talking about cutting interest rates and explicitly remove hikes from the conversation.
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Read MoreEthereum ETFs Draw $189 Million in Biggest Single-Day Haul in 10 Months
US-listed Ethereum (ETH) exchange-traded funds saw $189.15 million in inflows on August 19, their largest single-day intake since October 28, 2025.
The inflow landed during a market-wide rally that lifted several major crypto ETFs.
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Read MoreMost Americans oblivious to Social Security’s projected demise
New Nationwide Retirement Institute survey reveals eight in ten Americans agree Social Security needs fixing and how.
A new national survey finds eight in ten Americans want Social Security overhauled, with broad agreement across demographics on the same top three fixes.
Along with that strong consensus,
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Read MoreSalesforce vs. CrowdStrike: Which Growth Tech Stock Is a Better Investment in 2026?
The Burst
Is This Old Buffett Favorite Now Worth Buying?
Once upon a time Wells Fargo was beloved by Warren Buffett. Despite scandal after scandal plaguing the company, his conviction couldn’t be shaken, until finally the accumulation of issues appeared to spark a sell.
As a reminder, here are the scandals that rocked Wells Fargo over the years:
- September 2016: The fake account scandal
- September 2016: Improperly repossessing service members’ cars
- December 2016: Wells Fargo fails its ‘living will’ test
- March 2017: More fake accounts
- March 2017: Flunked community lending test
- April 2017: Whistleblower wins $5.4 million and his job back
- August 2017: Lawsuit over overcharging small business retailers
- February 2018: Sacramento sues over discrimination against black and Latino borrowers
- March 2018: Wealth management investigation emerges
- April 2018: $1 billion settlement for mortgage locks and auto-loan issues
- May 2018: Altering business information without client knowledge
- May 2018: $480 million to settle securities-fraud lawsuit
- June 2018: SEC fine for leading investors astray
- July 2018: Refunds over add-ons like pet insurance and legal services
- August 2018: Hundreds of houses foreclosed on due to computer glitch
- August 2018: Wells Fargo pays $2.1 billion for its role in housing bubble
- March 2019: Wells Fargo among advisors sanctioned by SEC for fee-disclosure practices
Since Buffett offloaded his position,
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Read MoreThe Ivy
Is Buffett Primed To Pounce On a Crash?
In 2024, value investing legend Warren Buffett did the seemingly unthinkable by selling stocks aggressively in a year that saw the S&P 500 climb by about 23 percent.
While the exact figures on Buffett’s selling won’t be known until Berkshire Hathaway releases its Q4 earnings report, the total stood at a staggering $133 billion as of the end of Q3.
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Read MoreThe Spotlight
Secret To Billionaire’s Success Is…
Ray Dalio is the founder and co-chief investment officer of Bridgewater Associates, one of the largest and most successful hedge funds in the world. So, what is the secret to his success and how did he get so rich?
How Has Dalio Crushed The Market?
Hedge Fund Research reports that Bridgewater’s flagship pure alpha fund generated an annualized return of 12.6% since its inception in 1991,