News

North Korea’s ballistic missile test: A show of force or sign of desperation?

Published

3 years ago

October 9, 2022

Ahron Young

On Sunday, North Korea fired two ballistic missiles into the sea, according to the South’s military. This latest launch comes as tensions are high in the region due to US-led military exercises.

North Korea has defended its recent series of missile tests, saying they are a response to the military threats posed by the US and its allies. So, what’s really going on here? Is North Korea simply trying to show its strength, or is there more to this story?

A Show of Force?

On the surface, it would appear that North Korea is simply trying to show its strength. After all, a series of missile tests is a clear display of force. And given the current tensions in the region, it’s not surprising that North Korea would want to send a message to the US and its allies.

However, some experts believe that there may be more to this story than meets the eye. They point to the fact that North Korea has launched more missiles in the past two weeks than it has in the past two years. This sudden increase in activity could be a sign of desperation on the part of North Korea.

A Sign of Desperation?

One theory is that North Korea is feeling pressure from both inside and outside its borders. Economically, things are not looking good for North Korea.

The UN recently imposed new sanctions on the country, and China—North Korea’s biggest trading partner—has been cutting back on its imports from North Korea.

In addition, there have been reports of growing discontent among North Koreans who are tired of living in poverty.

Against this backdrop of economic hardship, it’s possible that North Korea’s recent missile tests are less about sending a message and more about maintaining control. By showing its strength and defiance in the face of adversity, North Korea hopes to keep its citizens united and prevent them from turning against the government.

North Korea’s recent ballistic missile tests have led some to question whether they are a show of force or a sign of desperation. While it’s certainly possible that they are both, it’s also worth considering that they may be neither.

News

This may be the AI market correction, according to traders

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

Published

3 hours ago

November 5, 2025

Ahron Young

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

US stocks have taken a sharp dive as investors grow nervous about stretched valuations and uneven earnings reports from tech giants. Major Wall Street banks, including Morgan Stanley and Goldman Sachs, are warning that the rally could be nearing a 10% correction – a wake-up call for traders betting on unstoppable market momentum.

Nvidia, the world’s most valuable public company, dropped nearly 4%, wiping out around $200 billion in market value. Meanwhile, Palantir slid 6%, dragging other AI and semiconductor names lower. Even gold — a traditional safe haven — dipped 1.6%, signaling widespread investor anxiety.

Bitcoin also broke below the $100,000 mark for the first time since June, underscoring how jittery markets have become. As earnings season unfolds and the US government shutdown looms, investors are questioning whether the bull run that lifted the S&P 35% since April has finally run out of steam.

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News

Dick Cheney dies at 84: The end of an era in American power

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

Published

3 hours ago

November 5, 2025

Ahron Young

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

Former U.S. Vice President Dick Cheney has died at the age of 84, marking the end of one of the most influential — and controversial — political careers in modern American history. Cheney served under four Republican presidents, most notably George W. Bush, where he became known as one of the most powerful vice presidents in U.S. history.

His family confirmed he passed away from complications related to pneumonia and heart disease. Cheney’s decades in Washington were defined by his hardline approach to national security and his role in shaping America’s response to the September 11 attacks.

Even after leaving office, Cheney remained a strong defender of his policies, particularly the 2003 invasion of Iraq. His passing leaves behind a complicated legacy — one that reshaped U.S. foreign policy and continues to influence Republican politics today.

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News

Nasdaq sell-off deepens amid AI stock concerns

Nasdaq sell-off worsens as AI stock valuations spark investor concerns and Palantir shares plummet despite strong earnings

Published

5 hours ago

November 5, 2025

Ahron Young

Nasdaq sell-off worsens as AI stock valuations spark investor concerns and Palantir shares plummet despite strong earnings

In Short:
– Stocks fell due to concerns over AI valuations; S&P 500 down 1.2%, Nasdaq down 1.9%.
– Palantir shares dropped 9% despite strong performance, raising questions about sustainability of high valuations.

Stocks fell on Tuesday as investor concerns regarding artificial intelligence valuations impacted major indices.

The S&P 500 declined by 1.2%, and the Nasdaq Composite dropped by 1.9%, while the Dow Jones Industrial Average lost 304 points, equating to a 0.6% decrease.Palantir shares dropped 9%, despite the company’s strong third-quarter performance and positive forecasts attributed to its AI sector growth. The stock has surged over 150% this year, yet trades at over 200 times its forward earnings, leading investors to question whether such valuations can be sustained.

Other tech stocks also faced declines, including Oracle and AMD, which saw drops of 4% and more than 3%, respectively.

Gains in AI stocks have inflated the S&P 500’s price-earnings ratio above 23, raising concerns about stock valuations. Ameriprise market strategist Anthony Saglimbene highlighted potential risks, stating that investors are questioning if future profit growth will support high capital expenditures.

Market Outlook

Comments from executives at Goldman Sachs and Morgan Stanley further added to market worries.

Both firms predicted potential market pullbacks, with drawdowns of 10% to 20% possible within the next two years. Saglimbene noted a narrow market breadth in recent months, suggesting limited alternatives if a downturn occurs in the tech sector.