TODAY’S NEWS FLASH:
Political Landscape
Trump seeks to defend his economy in prime-time speech to the nation
Amid slumping approval ratings, President Donald Trump used a prime-time speech Wednesday to deride his predecessor, assert that his economic plan is working and suggest that Americans need to be patient as his policies start to kick in.
Ghislaine Maxwell asks court to toss out her conviction as DOJ expected to release Epstein files this week
Ghislaine Maxwell asked a federal judge on Wednesday to vacate her 2021 conviction on sex trafficking charges, just two days before the federal government is expected to release a massive trove of documents on her associate, Jeffrey Epstein.
3 Tricks Billionaires Use to Help Protect Wealth Through Shaky Markets
“If I hear bad news about the stock market one more time, I’m gonna be sick.”
We get it. Investors are rattled, costs keep rising, and the world keeps getting weirder.
So, who’s better at handling their money than the uber-rich?
Have 3 long-term investing tips UBS (Swiss bank) shared for shaky times:
Hold extra cash for expenses and buying cheap if markets fall.
Diversify outside stocks (Gold, real estate, etc.).
Hold a slice of wealth in alternatives that tend not to move with equities.
The catch? Most alternatives aren’t open to everyday investors
That’s why Masterworks exists: 70,000+ members invest in shares of something that’s appreciated more overall than the S&P 500 over 30 years without moving in lockstep with it.*
Contemporary and post war art by legends like Banksy, Basquiat, and more.
Sounds crazy, but it’s real. One way to help reclaim control this week:
*Past performance is not indicative of future returns. Investing involves risk. Reg A disclosures: masterworks.com/cd
Global Impact
Calls for NSW government to remove recreational hunting as a reason to own firearms after Bondi massacre
The Greens, independent MPs and gun safety advocates are urging the Minns Labor government to remove recreational hunting as a “genuine reason” for owning guns in New South Wales as the government prepares to introduce urgent legislation after the Bondi massacre.
US announces massive package of arms sales to Taiwan valued at more than $10 billion
The Trump administration has announced a massive package of arms sales to Taiwan valued at more than $10 billion that includes medium-range missiles, howitzers and drones, a move that is sure to infuriate China.
Read More Here
Economic Pulse
Fact-checking Trump: Economy, wages, immigration and more
President Donald Trump on Wednesday evening offered a rapid-fire series of claims about the economic, military and societal impact of the first year of his second administration — some accurate or close to reality, while others appeared to be either misleading or wrong.
Read More Here
Bitcoin’s Silent Exodus Hits Crypto as Long-Time Buyers Cash Out
Bitcoin’s most entrenched investors are still cashing out — and the pressure is starting to show.
Quick Takes
Kim Kardashian Didn’t Think She Would Take the Bar Exam Again, Has ‘Mental Breakdown’ Over Stress
Do this before breakfast and watch how much smaller your belly looks in just a few minutes.
French court finds ‘twisted’ anaesthetist guilty of killing 12 patients
L.A. County medical examiner releases Rob and Michele Reiner causes of death
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