Biden warns the US risks becoming an 'oligarchy.' What does the term mean?

WASHINGTON (AP) — President in his Wednesday farewell speech to the nation warned that American democracy was sliding into an “oligarchy” of tech billionaires. But what exactly is an oligarchy? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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Biden warns the US risks becoming an 'oligarchy.' What does the term mean? WASHINGTON (AP) — President in his Wednesday farewell speech to the nation warned that American democracy was sliding into an “oligarchy” of tech billionaires. But what exactly is an oligarchy? Continue Reading ➔ Drone Maker Red Cat 'Set To Be Blown Out Of The Sky': Short Seller Claims Management Set 'Almost Impossible' Expectations Short-selling investment firm Kerrisdale Capital believes the recent run in shares of Red Cat Holdings is built on hype rather than reality. Continue Reading ➔ Hurry! Enter These 2 Trades by EOD Tuesday - Ad The man behind THIS plan has used an odd twist on trading options for the past 20 years to rack up incredible profits... even using it personally to retire in just 10 years...with a 5.3 million "nest egg" that helped him sail worry-free through every financial crisis and market crash since... he hasn't closed out a losing trade with this strategy... in more than 8 years. And now he's about to release his latest two trades... Access your first two trades. Federal Reserve says it will leave climate change organization WASHINGTON (AP) — The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change. The Fed's membership has been criticized by Republicans in Congress. Continue Reading ➔ More countries, including China, are grappling with shrinking and aging populations BEIJING (AP) — A growing number of countries are confronting the dual challenges of population decline and aging, as younger generations opt to have fewer children and advances in healthcare extend life expectancy. Continue Reading ➔ Is This Defi Coin Your Next "10-Bagger" Investment? - Ad Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions. Unlock our full analysis and strategy for only $3. Jim Cramer Questions Nvidia's Trading Pattern Amid Positive TSMC Earnings And Biden's China Export Regulations NVIDIA Corp. is facing renewed market scrutiny as Jim Cramer questioned the stock's trading pattern on Thursday, amid growing concerns over China sanctions and positive earnings from key supplier Taiwan Semiconductor Manufacturing Co. Continue Reading ➔ Few know Shalanda Young. But she saved the US from the kinds of economic crises Trump now faces WASHINGTON (AP) — Few Democrats found ways to negotiate with Republicans quite like — whose work as White House budget director stopped several potential economic crises from erupting. Continue Reading ➔ 7 Basic Materials Stocks to Buy to Anchor Your Portfolio - Ad The movement of basic materials stocks requires investors to keep a keen eye on the state of the economy to determine profitability. Raw materials such as plastic, steel, and lumber will always be in demand. Here are 7 stocks to take advantage of the growing demand! Get The Top Stocks By clicking the link above you will automatically opt-in to receive emails from TechnicalTrading and agree to Privacy Policy IRS Commissioner Daniel Werfel says he'll step down on Trump's Inauguration Day WASHINGTON (AP) — said in a letter to IRS workers on Friday that he intends to step down from his position on President-elect Donald Trump's Inauguration Day. Continue Reading ➔ Cannabis Legalization Headed For The Ballot Again In Florida: Advocates Launch New Amendment Initiative Group behind failed attempt to legalize recreational cannabis in FL has launched new initiative for 2026 ballot. Allows adult use with limits and restrictions. Continue Reading ➔ 270x More Lucrative Than NVIDIA? - Ad If you've missed out on NVIDIA's recent 1,600% run... Don't worry. Because there's one AI stock that could be a lot more lucrative. It's currently trading for only $20. Get the ticker here >>> Target's Apparel Performance Provides Optimism, Analyst Favors Top End Of EPS Outlook Target reports 2.8% holiday sales growth and strong apparel performance, with analyst expecting FY24 EPS at the higher end of guidance. Continue Reading ➔ FTC bans GM from sharing driving data to settle claims that the automaker sold data without consent General Motors will be banned for five years from disclosing data that it collects from drivers to consumer reporting agencies as part of a to resolve claims that the automaker shared such data without consumers’ permission. Continue Reading ➔ California officials warn against price gouging as rents soar in fire-stricken Los Angeles Southern California's expensive housing market is going to get a lot more competitive after deadly firestorms torched more than 12,000 homes and other structures in the Los Angeles area, leaving tens of thousands of people without a place to stay. Continue Reading ➔ UK inflation unexpectedly eases in December, which could reduce pressure in bond markets LONDON (AP) — Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month. Continue Reading ➔ Why did 87 miners die trapped underground in South Africa as police tried to force their surrender? CAPE TOWN, South Africa (AP) — South Africa's president is facing calls to order an inquiry into a police operation that was meant to combat illegal mining but ended up as authorities attempted to force them to surrender during a monthslong standoff. Continue Reading ➔ Trump Treasury Nominee Pledges To Maintain Dollar's Global Reserve Status, Outlines Vision For 'New Economic Golden Age' Scott Bessent, Trump's Treasury Secretary nominee, pledged to uphold the dollar's reserve currency status, emphasizing productive investment, supply chain security, and strategic sanctions to bolster U.S. economic dominance. Continue Reading ➔

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