The Global Stakes of Germany's Election
Plus: tariffs, quantum computing and the chances of a 'DOGE dividend.'
Welcome back to The Forecast, where we help you think about the future — from next week to next decade.
This week we're looking at Germany's election (happening today) — as well as tariffs, quantum computing and the chances of a 'DOGE dividend.'
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Yahoo
13 hours ago
- Yahoo
Sharp 7% Drop Sends DOGE Toward 22-Cents Support on High-Volume Selloff
Technical Analysis Overview DOGE falls 6.88% in the 24-hour period ending August 12, dropping from $0.24 to $0.22 as sellers overwhelm bid-side liquidity. The heaviest pressure hits at 07:00 on August 11, with price sliding from $0.238 to $0.233 on 485.69M volume — 31% above the daily average of 371.45M. This establishes $0.238 as a major resistance level. Buyers step in at $0.226 during the 11:00 session, generating 793.38M in volume. Secondary resistance forms at $0.231 as multiple rally attempts fail. Final-hour trade sees DOGE range-bound between $0.2247-$0.2253 with volume compression, suggesting potential seller exhaustion. News Background The selloff comes amid broader weakness in digital assets, with regulatory uncertainty and global trade tensions weighing on risk sentiment. Major economies are escalating tariff disputes, pressuring multinational supply chains, while central banks signal potential policy shifts — a mix that has prompted institutional de-risking across crypto holdings. Price Action Summary • DOGE declines 6.88% from $0.24 to $0.22 in August 11 01:00–August 12 00:00 window• $0.238 resistance locked in after 07:00 selling climax on 485.69M volume• $0.226 support sees 793.38M in buy-side flows; $0.231 secondary resistance caps rebounds• Final hour trades in tight $0.2247-$0.2253 range with falling volume Market Analysis and Economic Factors Whale and institutional profit-taking at $0.238 resistance set the tone for the session, triggering a breakdown below $0.23 and forcing retests of $0.226. Support buying was evident on two major volume spikes (11:00 and 21:00), but repeated rejections near $0.231 kept DOGE pinned. With volume thinning at session lows, the structure hints at possible base-building — though macro headwinds could see $0.22 tested again. Technical Indicators Analysis • Resistance: $0.238 (high-volume rejection), $0.231 (secondary cap)• Support: $0.226 initial defense, $0.2247-$0.2249 intraday floor• 24-hour range: $0.019 (7.89% volatility)• Volume compression near lows signals possible seller fatigue• Multiple failed breakouts above $0.231 confirm supply zone overhead What Traders Are Watching • Retest of $0.22 and whether buyer flows reappear at key support• Breakout attempts above $0.231 as a first step toward recovery• Impact of macro headlines on broader meme coin sentiment• Signs of renewed whale accumulation after selling climax
Buzz Feed
a day ago
- Buzz Feed
People Are NOT HAPPY With Trump's White House Renos
Hi, I'm Alexa, and I usually track the unemployment rate, cost of eggs/beef, gas prices, inflation, and more under the Trump administration. BUT, the numbers aren't enough anymore. Actions speak just as loud. Somehow, we've left A LOT in the hands of this guy. And that guy? Well, he's been giving major ✨Marie Antoinette Energy✨ lately. Consider how, for example, nearly 70% of Americans say they're experiencing financial stress amid continually rising prices. Meanwhile, the Trump administration is bragging about all the money supposedly made from tariffs — aka, money partially coming directly out of your pockets via those rising prices. (At least Marie didn't hear that her people were starving and then add an additional tax on bread.) For many online, the leaders' relationships with their disgruntled and financially struggling public isn't where the similarities end. Instead, the glaring overlap seems to be both Marie and Trump's extravagant spending. Look at the difference in the Oval Office. Here's what it looked like under Biden. And now under Trump. Trump's team has added a LOT of gold. Gold decor on the fireplace mantle... ...and on the fireplace itself. Gold around the crown molding. Gold around the presidential seal on the ceiling. Gold details on the walls. Personalized, golden coasters. Tacky gold drapes. And whatever this gold thing is above the Oval Office door. Trump has also taken it upon himself to (in my opinion) needlessly renovate the White House. He took the famed Rose Garden from this... ...to this. And according to White House Press Secretary Karoline Leavitt, more expansions are on the way... Including a gold and white ballroom that's expected to cost around $200 million. And just like the French in the 1790s, Americans are less than impressed. "building a giant ballroom while half the country loses healthcare and is in poverty and can't find housing or rent... i feel like I'm reading about pre-revolution france," one X user wrote. "Listen man, if you wanna live in the palace of Versailles then that's fine, but you can't act surprised when the people eventually start sharpening the guillotine," another added hyperbolically. (This particular tweet was among the most widespread, with 3.3 million views.) Sigh. This administration promised to get rid of wasteful government spending. That was the whole point of DOGE. Yet we're plastering gold on White House walls and building out $200-million ballrooms while nearly 14 million children face hunger in the US as of 2023. Maybe the call is coming from inside the House. Want to know if Trump's economy is actually doing as well as he promised? Subscribe to the Economy Hate Watch newsletter and never miss our monthly update.
Newsweek
a day ago
- Newsweek
Social Security Warning Over Changes Issued by Bernie Sanders
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Senator Bernie Sanders issued a warning about potential changes to Social Security implemented by the Trump administration on the program's 90th anniversary this week. A Social Security Administration (SSA) spokesperson told Newsweek on Friday: " As Commissioner Bisignano has repeatedly emphasized, ensuring the long-term financial health of these trust funds remains a top priority. The Social Security Administration is committed to working with Congress and other stakeholders to protect and strengthen these vital programs, ensuring that millions of Americans can continue to rely on Social Security for a secure retirement and support in times of disability—both now and in the future." Why It Matters August 14 marked the 90th anniversary of Social Security, relied on by millions of Americans who receive retirement, survivor and disability benefits. About 74 million people receive benefits administered by the SSA, the agency said in July. While the program remains broadly popular among Americans, the program has faced questions about whether it could become insolvent as soon as the 2030s without significant reform. Many Americans are concerned about potential cuts to the program or that individuals who are paying into Social Security may not receive benefits when they reach the age of retirement. Senator Bernie Sanders, a Vermont independent, speaks during the Democratic National Convention on August 20, 2024. Senator Bernie Sanders, a Vermont independent, speaks during the Democratic National Convention on August 20, 2024. CHARLY TRIBALLEAU/AFP via Getty Images What To Know Sanders, a Vermont independent who caucuses with Democrats, sounded the alarm about changes to the program in a video posted to X on Thursday. He warned that individuals like President Donald Trump and Elon Musk, the billionaire who led the Department of Government Efficiency (DOGE) before his falling out with Trump, have been "working overtime to try to dismantle Social Security and undermine the confidence that the American people have in it." "Since Trump took office, his administration has fired at least 7,000 employees at the Social Security Administration, shut down Social Security field offices and made it more difficult for seniors and the disabled to receive the benefits they have earned over the telephone," he said. SSA field offices lost nearly 5 percent of their staffs between March 2024 and March 2025, according to union data from the AFGE Social Security General Committee. Some states, however, saw more than 10 percent of SSA workers leave in that time. Sanders also ripped claims by DOGE that millions of Americans who had been marked deceased, some up to 360 years old, were still receiving benefits as an "unmitigated lie." "Our job today is to stop any and all efforts to destroy Social Security," Sanders said, touting new legislation that would reverse Trump administration cuts to the SSA and prevent the closure of field offices. Trump released a statement Thursday pledging to defend Social Security, "rewarding the men and women who make our country prosperous, and taking care of our own workers, families, seniors, and citizens first." He wrote that his efforts to "aggressively" root out waste and abuse, which includes "stopping payments to the deceased and eliminating benefits for those who do not legally qualify," will strengthen the program. "These measures will save American taxpayers billions of dollars every year and ensure that future generations receive the benefits they spent their lives paying into. At the same time, I am making the Social Security Administration more efficient, more responsive and more effective than ever before—reducing wait times and delivering the payments the American people worked hard to earn," Trump wrote. A YouGov poll released in March found that 54 percent of Americans believed Social Security cuts would have a negative effect on their financial security. Only 13 percent said it would have a positive effect, while 16 percent said it would have no effect. The poll surveyed 3,567 adults on March 12. What People Are Saying Senator Bernie Sanders, a Vermont independent: "In a world of complexity and uncertainty, Social Security has done exactly what its name implies. It has provided rock bottom security for our nation's elderly and disabled." Senator Sheldon Whitehouse, a Rhode Island Democrat, on X: "Right now, the Trump administration and Republicans in Congress are quietly creating problems for Social Security so they can later hand it off to their private equity buddies." Elon Musk told Fox News in March: "What we're doing will help their benefits. Legitimate people, as a result of the work of DOGE, will receive more Social Security, not less." What Happens Next Social Security remains a challenge that Americans will face over the coming years as lawmakers work to prevent the program from going insolvent.
