US government could get Claude AI for only $1

Dear Reader,

China just shocked the world.

A team of engineers created a quantum computer that solved a problem in 200 seconds that would take our fastest supercomputers over 500 million years.

That’s not a typo. Five hundred MILLION years.

But that’s not the most interesting part of all this…

The breakthrough material that made this possible? It’s manufactured by a little-known American company that Wall Street has almost completely overlooked.

It’s currently trading for under $20…

But my estimates show it could become a $300 stock in the coming years.

Discover the hidden opportunity.

Regards,

Marc Lichtenfeld
Chief Income Strategist, The Oxford Club

This ad is sent on behalf of The Oxford Club, 105 W. Monument Street Baltimore, MD 21201. If you would like to opt out from receiving offers from The Oxford Club please click here.

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US deficit grows to 1 billion in July despite surge in tariff revenue

(Reuters) -The U.S. government’s budget deficit grew nearly 20% in July to 1 billion despite a billion jump in customs duty collections from President Donald Trump’s tariffs, with outlays growing faster than receipts, the Treasury Department said on Tuesday.

The deficit for July was up 19%, or billion, from July 2024. Receipts for the month grew 2%, or billion, to 8 billion, while outlays jumped 10%, or billion, to 0 billion, a record high for the month.

The month of July this year had fewer business days than last year, so the Treasury said that adjusting for the difference would have increased receipts by about billion, resulting in a deficit of about 1 billion.

Gross customs receipts in July grew to about billion from about billion a year earlier due to higher tariff rates imposed by Trump, a Treasury official said. This data builds on tariff-related momentum in the past couple of months, as companies importing goods paid those duties.

For the first 10 months of the fiscal year, the Treasury reported a .629 trillion deficit, up 7%, or 2 billion, from the same period a year earlier. Receipts were up 6%, or 2 billion, to .347 trillion, a record high for the 10-month period, while outlays grew 7%, or 4 billion, to .975 trillion, also a 10-month record.

(Reporting by David Lawder)

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US deficit grows to 1 billion in July despite surge in tariff revenue

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