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Capitalist Countdown: Wealthy VC’s Top 5 Investing News Stories of the Week

Last Updated: 19.5.2023 10:47

Welcome to Wealthy VC’s Capitalist Countdown

The Capitalist Countdown is a weekly series that features the biggest stories from the market’s hottest stocks as well as news from under-the-radar hidden gems capable of delivering mutibagger returns to your portfolio.

Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of May 15th – 21st, 2023.

5. Home Depot Braces for First Quarterly Earnings Dip in Three Years (VIDEO)

Investors Are Keeping a Close Eye on Home Depot’s Financials For the First Quarter of 2023

The home improvement retailer is expected to report an earnings shortfall for the first time in three years.


4. Here’s How the Alberta Wildfires Are Impacting Investments in the Energy Sector (VIDEO)

Energy Investors Affected By the Alberta Wildfires Can Only Hope That Any Potential Negative Impact is Temporary

Here’s how the larger oil extraction and energy stocks are being hit heavily because of these wildfires and why this time is different than the wildfires of 2016.


Source: Shutterstock

3. Why the U.S. Could Soon Default on its Debt For the First Time Ever (VIDEO)

Prominent Wall Street Investors Are Taking Preemptive Measures to Hedge Against This Potential Economic Disaster

If Congress still hasn’t addressed the debt ceiling crisis by June 1, 2023, the United States could be set to default on its debt for the first time in the nation’s history.


2. Impact of Unexpected Rise in Canadian Inflation

In a Surprising Turn of Events, Canada’s Annual Inflation Rate Surged in April For the First Time in Ten Months

Contrary to the anticipated slight dip to 4.1%, the inflation rate climbed to 4.4%. This unexpected uptick is likely to reignite discussions around the interest rate, which has been stable since January.


1. U.S. Debt Crisis Looms: Progress Confirmed by Speaker

The United States is approaching a Potential Default on its Debt Which May Be Avoidable

After keeping you updated in our previous article here, there’s been a new development. House Speaker Kevin McCarthy recently expressed optimism about averting the much-feared US debt default. Here’s why the development might offer some respite to the investment community.


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Ryan Troup

Ryan Troup is the Editor in Chief of Wealthy VC and TCI. Ryan has 15+ years of investing experience. Twitter | Email

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