Austin Smith - Editor for 24/7 Wall St.
Lastest Stories by Austin Smith
: The U.S. set a record for oil production in December, the highest ever by any country. Shale production continues to debunk “peak oil” predictions. Geopolitical tensions in the Middle East...
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: Significant drop in oil prices due to weak demand and oversupply. Traders are using a dual strategy: shorting gasoline and going long on crude oil. Master Limited Partnerships (MLPs) offer high...
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: The EU aggressively targets big tech companies, especially American firms, with antitrust and tax penalties. Recent fines include $14.4 billion for Apple and $2.7 billion for Google. The EU’s...
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: F-16s with JASSMs could deter Russian actions by expanding Ukraine’s operational range. The potential of these weapons might be more impactful as a deterrent than their actual use. The situation...
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: Russia doesn’t currently have full air superiority, which has prolonged the conflict. Ukraine’s limited F-16s and air defense capabilities are crucial but insufficient for significant impact....
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: The Flying Tigers in WWII offer a parallel to Ukraine’s need for skilled pilots. F-16s’ widespread use provides a potential pool of volunteer pilots, though this could escalate tensions....
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: F-16s are ideal for Ukraine, but pilot training is a major bottleneck. Ukraine’s pilot pipeline is limited, with only about 20 pilots being trained this year. Training and maintaining F-16s...
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: Fear of escalating the conflict into a regional war limits F-16 support to Ukraine. Donor countries impose conditions, restricting F-16 use within Russian territory. Domestic politics and security...
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: The F-16 is highly versatile, making it valuable for Ukraine despite being a 50-year-old aircraft. Its wide availability and flexibility in fitting different munitions make it an ideal choice for...
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: Katie Britt of Alabama is currently the most partisan Republican senator. Senators from the South and Bible Belt are generally less bipartisan. Britt may become more bipartisan over time as she...
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: U.S. Steel is struggling financially and needs a buyer, with Nippon Steel offering a potential solution. The Biden administration is likely to block the deal, citing national security concerns....
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: Bipartisan Leaders: Susan Collins and John Cornyn are key bipartisan Republicans in the Senate. Ideology and Flexibility: Strong ideologies don’t hinder bipartisanship; experience often leads to...
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: Top Bipartisan Democrats: Gary Peters (MI), Maggie Hassan (NH), and Joe Manchin (WV). Independents: Three independents, including Kirsten Sinema and Angus King, rank high in bipartisanship....
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: Chris Pappas (NH-01) is the top bipartisan Democrat in the House. Don Davis (NC-01) has been highly active, sponsoring 800 bills since 2023. Bipartisan lawmakers focus on pragmatism and effective...
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: U.S. Steel is struggling financially and needs a buyer, with Nippon Steel offering a potential solution. The Biden administration is likely to block the deal, citing national security concerns....
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