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MainStreet Investment Advisors, LLC
We are a full-service investment advisory firm committed to providing high quality advisory services to our clients.
38.5 million
According to the U.S. Geological Survey, the number of metric tons of rare earth metal and oxide reserves believed to be in Greenland, more than 20 times the proven reserves in the U.S. These minerals, which include lithium, niobium, hafnium, and zirconium, are critical inputs to high-end battery cells and cutting-edge military equipment. President-elect Trump has recently suggested the U.S. may purchase the semi-autonomous island nation from Denmark due to its geostrategic importance and mineral wealth.
$50 billion
According to a JPMorgan analysis, southern California's recent wildfires have caused an estimated $50 billion in total losses. More than 2,000 structures have been destroyed and 30,000 acres have been scorched. Hundreds of thousands of people have been left without power and 180,000 forced to evacuate as of last Friday. The estimated insured losses of $8 billion currently remain below the 2018 Camp Fire in north-central California, which caused an inflation-adjusted $12.5 billion in losses, the costliest wildfire on record.