Commentary As is well known, TikTok is a national security threat because communist China has laws that give it access to the data of its almost 1.7 billion global users. Yet naive teenagers around the world download the app on their smartphones, thirsty for the latest kid craze trend. TikTok’s algorithm then channels these users more…
TikTok Lawfare Against America
July 1, 2023
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Apple’s Market Value Ends Above $3 Trillion for First Time
Apple Inc’s stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving inflation and bets that the iPhone maker will successfully expand into new markets. Shares of the world’s most valuable company jumped 2.3 percent to $193.97, giving it a market capitalization of $3.05…
Tesla Set to Report Record Quarterly Vehicle Deliveries, Fueled by Incentives
SAN FRANCISCO—Tesla is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to boost sales in the face of economic uncertainty and rising competition. Tesla is expected as early as this weekend to report global deliveries of 445,000 vehicles in April to June, according to the average…
China’s Factory, Service Sectors Stumble as Economic Malaise Broadens
BEIJING—China’s factory activity declined for a third straight month in June and weakness in other sectors deepened, official surveys showed on Friday, adding pressure for authorities to do more to shore up growth as demand falters at home and abroad. Services sector activity for June also recorded its weakest reading since the Chinese regime abandoned…
George Soros’ Foundation Slashing 40 Percent of Staff
George Soros’ foundation, which is now controlled by the billionaire activist’s son, plans to cut 40 percent of its workforce, according to reports and a statement from the Open Society Foundations (OSF) The board of directors of OSF, which George Soros founded in 1979 and personally led until about a month ago, has approved “significant…
United CEO Scott Kirby Apologizes for Private Jet Flight During Travel Disruptions
United Airlines CEO Scott Kirby issued a formal apology on Friday after facing criticism for chartering a private jet during the height of nationwide travel disruptions caused by adverse weather conditions. Kirby expressed regret for his decision to take a private jet from Teterboro Airport in New Jersey to Denver, Colorado, on Wednesday, acknowledging it was…
Stock Market Today: Another Rally Sends Wall Street Nearly 16 Percent Higher for the First Half of the Year
NEW YORK—Wall Street blazed to another rally Friday to close a winning week, month and first half of the year after reports suggested pressure on inflation may be easing. The S&P 500 climbed 1.2 percent to reach its highest level since April 2022. The Dow Jones Industrial Average rose 285 points, or 0.8 percent, and…
FDA Approves First Cell Therapy for Type 1 Diabetes in the US
The first cellular therapy for type 1 diabetes, called Lantidra, was approved by the Food and Drug Administration (FDA) for use in the United States. This is potentially good news for the 1.9 million people in the United States living with type 1 diabetes. The FDA approved the drug on June 28, after two clinical…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 30)
June 30, 2023
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Benchmark U.S. crude oil for August delivery rose 78 cents to $70.64 a barrel Friday. Brent crude for August delivery rose 56 cents to $74.90 a barrel. Wholesale gasoline for July delivery rose 2 cents $2.63 a gallon. July heating oil rose 3 cents to $2.45 a gallon. August natural gas rose 10 cents to…
How Major US Stock Indexes Fared June 30
Wall Street rallied to cap a winning week, month and first half of the year after reports suggested pressure on inflation may be easing. The S&P 500 jumped 1.2 percent Friday to reach its highest level since April 2022. It surged 15.9 percent in the first half of the year. The Dow rose 0.8 percent…
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