Markets and Business News Review

Why Trump Allies Say Immigration Hurts American Workers

Lydia DePillis — Sat, 23 Nov 2024 00:44:01 -0500

JD Vance and others on the “new right” say limiting immigration will raise wages and give jobs to sidelined Americans. Many studies suggest otherwise.

Amazon Invests $4 Billion in Anthropic, Deepening Its A.I. Ties

Adam Satariano — Sat, 23 Nov 2024 00:29:47 -0500

Since last September, the tech giant has pumped $8 billion into the artificial intelligence start-up, a sign of intense competition in developing tools that are reshaping the tech sector.

Europe’s Leaders Seek Greater Unity to Counter Trump’s ‘America First’ Agenda

Liz Alderman — Sat, 23 Nov 2024 00:01:56 -0500

At a conference in Paris, corporate chiefs, finance ministers and top politicians called for a “Europe First” policy to counter Donald Trump’s protectionist agenda.

Bitcoin and bananas add a new twist to conspicuous consumption

Sat, 23 Nov 2024 00:01:01 -0500

Both have joined the elite world of useless objects that get desirable as they get pricier

Thomas Kurtz, mathematician, 1928-2024

Sat, 23 Nov 2024 00:01:01 -0500

His invention of the Basic programming language paved the way for the personal computer revolution

The delusions behind a bitcoin strategic reserve

Sat, 23 Nov 2024 00:01:01 -0500

It is a resilience strategy for the ‘hodlers’, not the US state

Samsung’s princeling heir Lee Jae-yong grapples with corporate crisis

Sat, 23 Nov 2024 00:01:01 -0500

Chip woes and labour unrest test the mettle of third-generation leader of South Korea’s most valuable company

The Most Important Submarines In History

Michael Muir — Fri, 22 Nov 2024 23:02:16 -0500

Submarines have been a part of naval warfare since the 18th century. The earliest devices were dangerous to use and had limited operational success. The designs improved considerably by the 20th century, and submarines played a key role in both world wars. The actions taken by just a handful of commanders have left an outsized mark on the course of history.

This article examines some of the most consequential submarines ever to take to the seas.

Why This Matters

Military spending is rising sharply worldwide, and many nations are betting big on submarines. Though they have quite limited operational history since World War II, the capabilities and versatility of modern submarines have a great deal to offer armed forces around the world. The impact of the past matters a great deal in forming plans for the future.

Turtle: The First Submarine Used In Combat

The first submarine was a far cry from today’s steel leviathans. Developed during the American Revolutionary War by a Yale graduate and a clockmaker, the Turtle was an imaginative solution to the Royal Navy’s supremacy. It had a single operator and could only submerge for a few minutes at a time.

The idea was to get near an enemy vessel unseen and attach an explosive underwater. Sergeant Ezra Lee was the soldier given the historic task of sinking the HMS Eagle docked in New York Harbor in September 1776. Under the cover of darkness, Lee attempted to attach an explosive to the Eagle’s hull, but it wouldn’t take. Lee slipped away as the morning drew near. The Turtle made two other attempts before the British sank the ship carrying it during the Battle of Fort Lee in November 1776.

HL Hunley: The First Submarine To Sink A Ship

Confederate engineer Horace Lawson Hunley designed the first submarine to successfully sink an enemy vessel. However, Hunley wouldn’t live to see his creation succeed. Hunley and the entire crew died during sea trials in October 1863, and the submarine was christened the HL Hunley in his memory. In February 1864, the Hunley carried out a successful attack on a Union ship.

The USS Housatonic sank when the Hunley attached and detonated a spar torpedo to its hull. In the American Civil War, a torpedo was a static explosive that required a brave crew to get close enough to the enemy to use it. The Hunley succeeded but once again claimed its entire crew as it sank off the coast of South Carolina.

SM U-20: The Submarine That Sank The Lusitania

Submarines became an important part of warfare during World War One. Germany tried to starve the British into submission by attacking supply ships with U-boats. The Germans abandoned prize rules in 1915 to launch unrestricted attacks on any ship in British waters. In May 1915, the Lusitania, a British passenger liner, was sunk by the German submarine U-20. The German commander, Walter Schwieger, noted in his diary the attack unexpectedly caused a large explosion. While the Germans insisted the Lusitania was carrying munitions, the British seized upon the incident for wartime propaganda. Additionally, 123 Americans were among the 1,195 passengers who perished in the attack. The Lusitania’s sinking badly damaged relations between the neutral United States and Germany. As a result of diplomatic pressure, Germany temporarily abandoned unrestricted submarine warfare in September 1915.

In February 1917, the Germans were reeling from the effects of the Royal Navy’s blockade and resumed attacking commercial ships in the Atlantic. Two months later, the United States entered the war.

USS Archerfish: Sank The Largest Ship Ever Claimed By A Submarine

Just like World War One, German U-boats wreaked havoc on shipping in the Atlantic in World War Two. However, the vital role American submarines played in the Pacific Theater is less known. While the Allies made serious efforts to counter German submarines in the Atlantic, the Japanese failed to respond to the US Navy’s incessant attacks on its convoys. American submarines sank 1,113 Japanese merchant ships and 201 warships. The crews paid a heavy price for the success, 52 American submarines were lost during the war.

The most notable action of all by an American submarine was in November 1944. The USS Archerfish sighted a large Japanese ship and three escorts near Tokyo Bay. After a six-hour pursuit, the Archerfish unleashed six torpedoes to destroy the vessel. It wasn’t until after the war that the crew learned the identity of the ship – the Shinano, a nearly 60,000-ton Japanese supercarrier. It remains the largest ship ever sunk by a submarine.

USS Nautilus: The First Nuclear Powered Submarine

After World War II, the United States commissioned the first-ever submarine powered by a nuclear reactor. When it made its first voyage in 1955, the USS Nautilus represented a huge leap forward in naval warfare. In May 1955, the Nautilus stayed submerged for almost 90 hours. By contrast, submarines in World War Two rarely stayed underwater for much longer than 12 hours while at sea. In combat, while traveling at high speed, a diesel-electric submarine could only submerge for 1-2 hours. Additionally, the Nautilus broke another barrier by traveling under Arctic ice in August 1957.

Though it never directly participated in combat, the submarine was dispatched to Cuba during the height of the crisis in 1962. The Nautilus was decommissioned in 1980 without ever firing a torpedo in anger, but it was a truly revolutionary ship. She is currently housed at the Submarine Force Museum in Groton, Connecticut.

HMS Conqueror: First Blood For Nuclear Powered Submarines

Though they have been around since the 1950s, there is only one recorded instance of a nuclear-powered submarine sinking an enemy ship. The HMS Conqueror, a British submarine, gained that distinction in May 1982.

During the Falklands War, the British created an exclusion zone around the contested islands whereby any vessel entering the area was fair game. The ARA General Belgrano was a light cruiser purchased from the United States in 1951. Though technically outside the exclusion zone, the British believed the Belgrano was a threat to the expeditionary force sent to the islands. Accordingly, the Conqueror was permitted to engage the Belgrano. Three conventional torpedoes were sufficient to sink the aged cruiser, and 323 Argentinian sailors perished in the attack. The escalation was controversial, but it kept the Argentinian Navy out of the conflict and gave the British the upper hand in retaking the islands. Hector Bonzo, the Belgrano’s captain, later said the sinking was a legitimate act of war.

K-141 Kursk: The Disaster That Shook Up Russian Politics

One of the worst naval disasters ever suffered by Russia was not in combat. K-141 Kursk, a nuclear submarine, sank off the coast of the Murmansk Oblast in August 2000. A gas leak caused a torpedo to explode and killed most of the 118-man crew. A handful of survivors in the rear compartment might have been rescued, but Vladimir Putin, in his first year in power, refused international offers of help for several days. Putin, his government, and the Russian navy were sharply criticized for their response to the catastrophe.

Igor Sergeyev, the Defense Minister at the time, was compelled to resign and replaced by a civilian in a major shake-up of the military. Stung by the intense criticism by the media, Putin moved to clamp down on privately owned television networks. Media moguls like Boris Berezovsky and Vladimir Gusinsky were forced to divest and flee the country. The incident prompted a major restructuring of the military as Putin tightened his grip on power.

Conclusion

Submarines began as an asymmetric weapon to counter the threat of a more powerful adversary. The United States pioneered the concept as a clandestine way to attack the Royal Navy just as the Confederacy sought creative ways to even the odds against the Union’s much larger surface fleet. Decisions made by individual submarine commanders had a profound impact on the course of both world wars. The Germans used submarines extensively in 1915 and 1917, but the successes against the British drove a permanent and ultimately decisive wedge between the United States and Germany. In World War Two, the unsung heroes of the Pacific Theater were the crews of the American submarines that devastated Japan’s supply lines.

Since World War Two, submarines have become much more advanced and capable but haven’t been used nearly as much in combat. Yet, they still have a significant influence on global events. The British victory in the Falklands was made much easier by the exclusion of the Argentinian navy. Russia’s catastrophic loss of a nuclear submarine paved the way for Vladimir Putin to consolidate his iron grip on power.

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Strong dollar set to hit emerging market bonds, warn investors

Fri, 22 Nov 2024 23:00:59 -0500

EM debt funds suffer outflows as hopes of rate cuts by developing nations fade

Trump Taps Investor Scott Bessent as Treasury Secretary

Alan Rappeport and Maggie Haberman — Fri, 22 Nov 2024 22:09:11 -0500

The hedge fund manager will be responsible for steering President-elect Donald J. Trump’s unconventional economic agenda.

Trump Picks Rep. Lori Chavez-DeRemer for Labor Secretary

Michael M. Grynbaum and Danielle Kaye — Fri, 22 Nov 2024 21:53:07 -0500

A moderate from a swing district, she received endorsements from several unions but narrowly lost her bid for a second House term.

Dr Martin Makary Chosen to Head the FDA

Christina Jewett — Fri, 22 Nov 2024 21:15:50 -0500

A frequent Fox News commentator, Dr. Makary has a penchant for challenging the medical establishment, and stirred pandemic concerns with his views on Covid immunity and vaccine mandates.

Trump’s Treasury pick is Scott Bessent. He’s said it’s absurd to fear ‘Trump-flation.’

Victor Reklaitis — Fri, 22 Nov 2024 20:57:00 -0500

President-elect Donald Trump has selected hedge-fund manager Scott Bessent to serve as secretary of the Treasury Department.

The Destiny Tech 100 ETF (DXYZ) Keeps Ripping Higher

Austin Smith — Fri, 22 Nov 2024 20:50:37 -0500

Key Points:

Because it exposes private tech behemoths like SpaceX and OpenAI, which are otherwise unreachable to ordinary investors, the Destiny Tech 100 ETF has become rather popular.
Both long-term investors in the ETF’s underlying assets and retail traders on sites like Reddit will find great appeal in its notable volatility.
Another important component of the ETF is Klarna, a Swedish business focused in “buy now, pay later” services, which increases its attractiveness even with certain hazards.
Instead of chasing the Destiny Tech 100 ETF higher, look at ‘The Next Nvidia’ stocks that are booming instead.

Watch the Video

https://videos.247wallst.com/247wallst.com/2024/11/The-Destiny-Tech-100-ETF-DXYZ-Keeps-Ripping.mp4

Transcript:

[00:00:00] Doug: We’ve got the destiny tech 100 ETF. We do. The thing is going up a lot, so I don’t get it. If you could explain it to me at the end of our conversation, I’d

[00:00:12] Lee: Okay. Well, the destiny tech 100 etf is, like every other etf is exchange traded fund. The symbol is, D X Y Z And it has been going crazy. I mean ever since, um, the president got elected with, elon musk, riding in on his coattails or Perhaps the president’s on Musk’s coattails.

[00:00:38] Lee: It’s been going nuts. And there’s a simple reason, within the portfolio. There’s a bunch of, big private names that people know, but the two that people are the most interested in is if you buy this ETF, you can own SpaceX. Which is of course, Musk’s, rocket and space company. And you can also own, open AI, which there’s no way to buy now.

[00:01:04] Lee: I think that’s been the trigger for, um, people going into it. And of course it’s the kind of thing that the, Reddit and, Wall Street trader. Young people go, Oh, my God. Oh, my God. I can trade this back and forth. It’s almost like a meme stock. And while it’s probably more value than, GameStop or any of the former meme stocks, it’s a viable if you have a long term perspective, and I mean, long term, it’s a valuable, and viable, Engine to own those companies.

[00:01:44] Lee: And there’s another one in there called Clara, K L A R A, it’s a company based in Sweden, or I think it’s in Sweden and they’re big in the buy now pay later program, which may or not be going to zero, but that’s, the reason this is, I mean, it went from , during the election it went from 24 to 50, then it went back to 26, then back to 35.

[00:02:09] Lee: So it’s become a, stock, a fast money trader’s dream. But for long-term investor, it’s probably worth looking at.

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The post The Destiny Tech 100 ETF (DXYZ) Keeps Ripping Higher appeared first on 24/7 Wall St..

Pam Bondi, a $25,000 Donation and Trump University: Questions Remain

Eric Lipton — Fri, 22 Nov 2024 19:11:54 -0500

While Ms. Bondi, President-elect Donald J. Trump’s pick for attorney general, served as attorney general of Florida, her office declined to investigate allegations of fraud against his for-profit school.

Investors can look ahead to Nvidia, Treasury bonds and a bullish finish to 2024

Lawrence G. McMillan — Fri, 22 Nov 2024 18:31:00 -0500

The stock market is entering its usually favorable holiday season.

Hoping for an OpenAI or Anthropic IPO? Here’s why that’s unlikely anytime soon.

Therese Poletti — Fri, 22 Nov 2024 17:59:00 -0500

Investors hoping for initial public offerings from hot artificial-intelligence unicorns Anthropic and OpenAI sometime next year are probably going to be disappointed.

Qualcomm is moving fast to boost growth and trim its dependence on Apple

Ryan Shrout — Fri, 22 Nov 2024 17:49:00 -0500

Tech giant sees its future in cars, laptops and the Internet of Things.

Mike Shatzkin, Colorful Publishing Industry Guru, Dies at 77

Michael S. Rosenwald — Fri, 22 Nov 2024 17:38:42 -0500

His blog, The Shatzkin Files, was an essential read for industry insiders. His observations about the changes digital publishing would bring were prophetic.

Harold W. Sims Jr., Whose Museum Honored the House Cat, Dies at 89

Clay Risen — Fri, 22 Nov 2024 17:26:46 -0500

He displayed some 10,000 cat-themed artifacts at the American Museum of the House Cat in North Carolina, which welcomed several thousand people a year.

Yelloh, Formerly Schwan’s Home Delivery, Closes

Aimee Ortiz — Fri, 22 Nov 2024 17:12:53 -0500

The frozen food delivery company, known for its yellow trucks, has closed after losing ground to its competitors and renaming itself Yelloh.

Nvidia continues its march to a $4 trillion stock-market valuation. Why it’s inevitable.

Daniel Newman — Fri, 22 Nov 2024 17:02:00 -0500

Two big questions: How does the tech giant grow fast enough to satisfy Wall Street — and how long will that take?

S&P 500 is on a 12-month tear as tariffs threaten 2025 outlook for U.S. stocks

Christine Idzelis — Fri, 22 Nov 2024 16:59:00 -0500

U.S. stocks have been on a tear over the past 12 months — momentum that is threatened in part by the potential for inflation-stoking tariffs under President-elect Donald Trump.

These stocks could bask in the ‘Glicked’ glow as ‘Gladiator II’ and ‘Wicked’ open

James Rogers — Fri, 22 Nov 2024 16:55:00 -0500

“Wicked,” based on the popular musical, and “Gladiator II,” the sequel to the hugely successful historical epic, opened in movie theaters Friday.

Sell Treasury bonds now or hope for a rebound? Here’s what to do now.

Mark Hulbert — Fri, 22 Nov 2024 16:47:00 -0500

Returns aren’t meaningfully different from month to month

Thames Water faced with £100mn bill from creditors’ advisers

Fri, 22 Nov 2024 16:38:13 -0500

Fees represent an additional drain on finances of troubled UK utility as customer bills are set to rise

Super Micro’s stock had a historic week — but it’s still 70% off its highs

Emily Bary — Fri, 22 Nov 2024 16:35:00 -0500

There were various positive developments for Super Micro this week, beyond the news that the company has a new auditor.

How Nvidia booting Intel from the Dow could bust a proven stock-trading strategy

Jurica Dujmovic — Fri, 22 Nov 2024 16:25:00 -0500

Do traditional market patterns matter in the artificial intelligence era?

Leveraged hedge funds magnified August market sell-off, Fed says

Fri, 22 Nov 2024 16:24:49 -0500

US central bank report pins blame for trading volatility partly on investors that had taken on too much debt

Leveraged hedge funds magnified August market sell-off, Fed says

Fri, 22 Nov 2024 16:21:17 -0500

Uber may use tech from Chinese autonomous-driving company Pony AI outside the U.S.: report

Steve Gelsi — Fri, 22 Nov 2024 16:21:00 -0500

PonyAI increased the size of its IPO ahead of its U.S. stock-market debut. with Uber as a potential investor.

Trump is now selling a line of guitars for up to $11,250 apiece. Could it land him in legal trouble?

Charles Passy — Fri, 22 Nov 2024 16:17:00 -0500

Now that he’s again headed to the White House, Trump may not be in the same position to hawk his branded items, experts say.

Early Revolut investors cash out at least $300mn in share sale

Fri, 22 Nov 2024 15:56:04 -0500

Buyers of UK fintech’s stock include wealthy Goldman Sachs clients

2-year Treasury yield has 8th straight week of gains on improved U.S. outlook

Vivien Lou Chen — Fri, 22 Nov 2024 15:45:00 -0500

Treasury yields finished mixed on Friday, as the 2-year rate continued to rise on growing confidence about the U.S. outlook while long-dated rates fell on worse-than-expected eurozone data.

What Elon Musk Needs From China

Keith Bradsher — Fri, 22 Nov 2024 15:41:44 -0500

From electric cars to solar panels, Mr. Musk has built businesses in high-tech manufacturing sectors now targeted by Beijing for Chinese dominance.

U.S. oil prices score a more than 6% weekly gain on supply risks tied to the Russia-Ukraine war

Myra P. Saefong — Fri, 22 Nov 2024 15:31:00 -0500

Oil futures settled higher on Friday, with the U.S. crude benchmark up by more than 6% for the week as traders monitor escalating tensions between Ukraine and Russia, which is among the world’s biggest oil producers.

‘I’m at a loss’: My boyfriend of nearly 10 years is naming his elderly parents as beneficiaries and giving them power of attorney. Am I right to be upset?

Quentin Fottrell — Fri, 22 Nov 2024 15:23:00 -0500

“I own the house we live in and he pays me a small amount of rent every month to help cover my mortgage and utilities.”

‘My house is paid off’: How do I ensure my son-in-law never gets my money — even if my daughter dies before he does?

Quentin Fottrell — Fri, 22 Nov 2024 15:16:00 -0500

“I would like it to go to only my daughter and grandchildren.”

I’m a Democrat who drives a Tesla. A guy shouted abuse at me for driving a car made by Elon Musk. Am I a hypocrite? Should I sell my car?

Quentin Fottrell — Fri, 22 Nov 2024 15:12:00 -0500

“I live in a pretty liberal neighborhood, but am I now supposed to feel guilty for owning this car?”

Inside the Lobbying Career of Susie Wiles, Trump’s New Chief of Staff

Kate Kelly and Kenneth P. Vogel — Fri, 22 Nov 2024 14:55:25 -0500

Before managing the campaign of President-elect Donald J. Trump, Susie Wiles represented a tobacco company and a mining project, among others.

What’s stopping you from achieving the American dream? Money — and here’s how much people say they need.

Andrew Keshner — Fri, 22 Nov 2024 14:53:00 -0500

An exclusive YouGov poll for MarketWatch finds 3 in 4 people say the cost of living has become a major roadblock to reaching the American dream.

The High Risk, High Reward Trump Market

Jeff Sommer — Fri, 22 Nov 2024 14:43:36 -0500

Faced with unconventional and disruptive proposals, investors are figuring out how to place their bets.

‘We’re living in uncertainty’: My sister has Alzheimer’s disease. How do I know the right time to take control of her finances?

Quentin Fottrell — Fri, 22 Nov 2024 14:33:00 -0500

“My eldest sister has asked me to take on her power of attorney for her, and together we met with her attorney.”

Thanksgiving travelers can be grateful for the lowest gas prices since 2021

Myra P. Saefong — Fri, 22 Nov 2024 14:27:00 -0500

Gasoline prices are at their lowest since 2021, leading to a 75% rise in the number of travelers expected to take a road trip for the Thanksgiving holiday this year compared to last year.

Logging Is the Deadliest Job, but Still an Oregon Way of Life

Kurtis Lee and Kristina Barker — Fri, 22 Nov 2024 14:20:35 -0500

Logging has long been a way of life for rural communities in the Pacific Northwest and South. It also comes with grave risk.

This Country Has More Guns Than People

Jennifer Geer — Fri, 22 Nov 2024 14:10:17 -0500

Of the one billion firearms in the world, the Small Arms Survey predicts 85% of those are owned by civilians, rather than military or police. Although not every country permits its civilians to own guns, civilians can own firearms in over 175 countries. However, some countries have stronger regulations on gun ownership than others and there is, therefore, a wide range in the number of citizen-owned guns per country. (Also see: This Is the Country Where the Most People Die Violent Deaths.)

To identify the countries where people own the most guns, 24/7 Wall St. reviewed estimated civilian firearm possession in 230 countries from the Small Arms Survey’s Global Firearms Holdings database. The study, which, it is important to note, reflects conditions in 2017, was done using surveys, expert estimates, as well as analogous comparisons. Countries on the list are ranked by the estimated number of civilian firearms per 100 people. We used the total number of guns to break ties. We also added gross domestic product per capita in current U.S. dollars for 2022 or the most recent year available from the World Bank. For reference, the world GDP per capita was $12,688 in 2022. Of the 35 countries on the list with GDP data, only 11 have a lower GDP per capita than the world average. Meanwhile, 13 of the 25 wealthiest countries in the world are on the list, including the richest three.

Why it matters

The U.S. surgeon general issued on Tuesday an advisory, declaring firearm violence in America a public health crisis. In 2022, 48,204 people died from firearm‑related injuries, including suicides, homicides, and unintentional deaths. This is about 20% more than in 2019 and a whopping 50% increase from 2010. It is important to understand the role gun ownership plays.

40. Paraguay

Estimated civilian firearms holdings: 16.7 per 100 people
Firearms in civilian possession: 1,140,000 – #58 most out of 230 countries
Registered firearms: 392,000 – 34.4% of all firearms
Violent firearm deaths, 2021: 370 or 5.52 per 100,000 people (#47 highest)
GDP per capita: $6,153 (#91 lowest of 211 countries)
Country 2017 population and region: 6,812,000 (South America)

39. United Arab Emirates

Estimated civilian firearms holdings: 16.7 per 100 people
Firearms in civilian possession: 1,569,000 – #44 most out of 230 countries
Registered firearms: N/A
Violent firearm deaths, 2021: 5 or 0.05 per 100,000 people (#47 lowest)
GDP per capita: $53,708 (#22 highest of 211 countries)
Country 2017 population and region: 9,398,000 (Western Asia)

38. Saudi Arabia

Estimated civilian firearms holdings: 16.7 per 100 people
Firearms in civilian possession: 5,468,000 – #19 most out of 230 countries
Registered firearms: N/A
Violent firearm deaths, 2021: 233 or 0.65 per 100,000 people (#110 lowest)
GDP per capita: $30,448 (#49 highest of 211 countries)
Country 2017 population and region: 32,743,000 (Western Asia)

37. Cyprus, North

Estimated civilian firearms holdings: 17.4 per 100 people
Firearms in civilian possession: 61,000 – #160 most out of 230 countries
Registered firearms: 49,142 – 80.6% of all firearms
Violent firearm deaths, 2021: 0 or 0.00 per 100,000 people (#1 lowest)
GDP per capita: N/A
Country 2017 population and region: 349,000 (Western Asia)

36. Greece

Estimated civilian firearms holdings: 17.6 per 100 people
Firearms in civilian possession: 1,920,000 – #41 most out of 230 countries
Registered firearms: 1,010,000 – 52.6% of all firearms
Violent firearm deaths, 2021: 32 or 0.31 per 100,000 people (#91 lowest)
GDP per capita: $20,867 (#61 highest of 211 countries)
Country 2017 population and region: 10,893,000 (Southern Europe)

35. Venezuela, Bolivarian Republic of

Estimated civilian firearms holdings: 18.5 per 100 people
Firearms in civilian possession: 5,895,000 – #17 most out of 230 countries
Registered firearms: N/A
Violent firearm deaths, 2021: 8,255 or 29.27 per 100,000 people (#9 highest)
GDP per capita: N/A
Country 2017 population and region: 31,926,000 (South America)

34. Jordan

Estimated civilian firearms holdings: 18.7 per 100 people
Firearms in civilian possession: 1,473,000 – #48 most out of 230 countries
Registered firearms: 120,000 – 8.1% of all firearms
Violent firearm deaths, 2021: 31 or 0.28 per 100,000 people (#88 lowest)
GDP per capita: $4,311 (#74 lowest of 211 countries)
Country 2017 population and region: 7,877,000 (Western Asia)

33. Bahamas

Estimated civilian firearms holdings: 18.8 per 100 people
Firearms in civilian possession: 74,000 – #156 most out of 230 countries
Registered firearms: 17,110 – 23.1% of all firearms
Violent firearm deaths, 2021: 133 or 32.61 per 100,000 people (#5 highest)
GDP per capita: $31,458 (#48 highest of 211 countries)
Country 2017 population and region: 397,000 (Caribbean)

32. Luxembourg

Estimated civilian firearms holdings: 18.9 per 100 people
Firearms in civilian possession: 110,000 – #144 most out of 230 countries
Registered firearms: 86,000 – 78.2% of all firearms
Violent firearm deaths, 2021: 1 or 0.16 per 100,000 people (#69 lowest)
GDP per capita: $125,006 (#3 highest of 211 countries)
Country 2017 population and region: 584,000 (Western Europe)

31. Monaco

Estimated civilian firearms holdings: 19.6 per 100 people
Firearms in civilian possession: 7,000 – #193 most out of 230 countries
Registered firearms: N/A
Violent firearm deaths, 2021: 0 or 0.00 per 100,000 people (#1 lowest)
GDP per capita: $240,862 (#1 highest of 211 countries)
Country 2017 population and region: 38,000 (Western Europe)

30. French Guiana

Estimated civilian firearms holdings: 19.6 per 100 people
Firearms in civilian possession: 55,000 – #164 most out of 230 countries
Registered firearms: N/A
Violent firearm deaths, 2021: 24 or 8.07 per 100,000 people (#34 highest)
GDP per capita: N/A
Country 2017 population and region: 283,000 (South America)

29. Réunion

Estimated civilian firearms holdings: 19.6 per 100 people
Firearms in civilian possession: 171,000 – #127 most out of 230 countries
Registered firearms: N/A
Violent firearm deaths, 2021: 12 or 1.24 per 100,000 people (#99 highest)
GDP per capita: N/A
Country 2017 population and region: 873,000 (Eastern Africa)

28. Iraq

Estimated civilian firearms holdings: 19.6 per 100 people
Firearms in civilian possession: 7,588,000 – #15 most out of 230 countries
Registered firearms: N/A
Violent firearm deaths, 2021: 4,620 or 10.61 per 100,000 people (#27 highest)
GDP per capita: $5,937 (#89 lowest of 211 countries)
Country 2017 population and region: 38,654,000 (Western Asia)

27. France

Estimated civilian firearms holdings: 19.6 per 100 people
Firearms in civilian possession: 12,732,000 – #11 most out of 230 countries
Registered firearms: 4,501,235 – 35.4% of all firearms
Violent firearm deaths, 2021: 250 or 0.39 per 100,000 people (#97 lowest)
GDP per capita: $40,886 (#35 highest of 211 countries)
Country 2017 population and region: 64,939,000 (Western Europe)

26. Germany

Estimated civilian firearms holdings: 19.6 per 100 people
Firearms in civilian possession: 15,822,000 – #8 most out of 230 countries
Registered firearms: 5,830,000 – 36.8% of all firearms
Violent firearm deaths, 2021: 60 or 0.07 per 100,000 people (#53 lowest)
GDP per capita: $48,718 (#27 highest of 211 countries)
Country 2017 population and region: 80,636,000 (Western Europe)

25. Portugal

Estimated civilian firearms holdings: 21.3 per 100 people
Firearms in civilian possession: 2,186,000 – #38 most out of 230 countries
Registered firearms: 1,400,000 – 64.0% of all firearms
Violent firearm deaths, 2021: 28 or 0.27 per 100,000 people (#86 lowest)
GDP per capita: $24,515 (#58 highest of 211 countries)
Country 2017 population and region: 10,265,000 (Southern Europe)

24. Greenland

Estimated civilian firearms holdings: 22.3 per 100 people
Firearms in civilian possession: 13,000 – #185 most out of 230 countries
Registered firearms: N/A
Violent firearm deaths, 2021: 1 or 1.78 per 100,000 people (#85 highest)
GDP per capita: $57,116 (#16 highest of 211 countries)
Country 2017 population and region: 56,000 (Northern America)

23. Pakistan

Estimated civilian firearms holdings: 22.3 per 100 people
Firearms in civilian possession: 43,917,000 – #4 most out of 230 countries
Registered firearms: 6,000,000 – 13.7% of all firearms
Violent firearm deaths, 2021: 4,208 or 1.82 per 100,000 people (#83 highest)
GDP per capita: $1,589 (#24 lowest of 211 countries)
Country 2017 population and region: 196,744,000 (Sout

DirecTV Calls Off Plans to Acquire Dish Network

Lauren Hirsch — Fri, 22 Nov 2024 14:08:13 -0500

The deal, which would have created one of the largest pay-TV providers in the United States, fell apart after strong objections from Dish’s lenders.

AMC’s stock slid this year, but its most-liquid bond is a different story

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Bond investors are applauding AMC’s debt restructuring efforts

Why Germany’s Economy, Once a Leader in Europe, Is Now in Crisis

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The country is facing a second year of zero growth, with industry leaders gloomy and worried about potential tariffs from President-elect Donald Trump.

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Markets and Business News Review

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Bitcoin and bananas add a new twist to conspicuous consumption

Thomas Kurtz, mathematician, 1928-2024

The delusions behind a bitcoin strategic reserve

Samsung’s princeling heir Lee Jae-yong grapples with corporate crisis

The Most Important Submarines In History

Why This Matters

Turtle: The First Submarine Used In Combat

HL Hunley: The First Submarine To Sink A Ship

SM U-20: The Submarine That Sank The Lusitania

USS Archerfish: Sank The Largest Ship Ever Claimed By A Submarine

USS Nautilus: The First Nuclear Powered Submarine

HMS Conqueror: First Blood For Nuclear Powered Submarines

K-141 Kursk: The Disaster That Shook Up Russian Politics

Conclusion

Get Ready To Retire (Sponsored)

Strong dollar set to hit emerging market bonds, warn investors

Trump Taps Investor Scott Bessent as Treasury Secretary

Trump Picks Rep. Lori Chavez-DeRemer for Labor Secretary

Dr Martin Makary Chosen to Head the FDA

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The Destiny Tech 100 ETF (DXYZ) Keeps Ripping Higher

Key Points:

Watch the Video

Transcript:

Smart Investors Are Quietly Loading Up on These “Dividend Legends”

Pam Bondi, a $25,000 Donation and Trump University: Questions Remain

Investors can look ahead to Nvidia, Treasury bonds and a bullish finish to 2024

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This Country Has More Guns Than People

Why it matters

40. Paraguay

39. United Arab Emirates

38. Saudi Arabia

37. Cyprus, North

36. Greece

35. Venezuela, Bolivarian Republic of

34. Jordan

33. Bahamas

32. Luxembourg

31. Monaco

30. French Guiana

29. Réunion

28. Iraq

27. France

26. Germany

25. Portugal

24. Greenland

23. Pakistan

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