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RECESSION COMING IN US
An island of colorblind people: Around 1775, just 20 people survived a Pacific typhoon, and one rare mutation still affects the vision of many descendants todayA remote Micronesian island, Pingelap, is home to a unique genetic condition where a significant portion of its population experiences comp...- US Stock Market: Rising equity financing costs cast shadow over Wall Street's rallyUS stock markets are facing a new hurdle as borrowing costs for financing equity positions surge. Record demand for leveraged investments a...
- What are the Fed's bank 'stress tests' and what's new this year?The US Federal Reserve is releasing its annual bank stress test results today, assessing how major lenders would fare in a severe economic ...
- Quote of the day by Charlie Munger: "I figure that I want to swim as well as I can against the tides. I’m not trying to predict the tides"Charlie Munger’s quote on swimming against market “tides” highlights his belief that investors should not try to predict markets but instea...
- US retail sales beat expectations in May as energy costs stay highUS retail sales significantly exceeded expectations in May, climbing 0.9 percent to $763.7 billion, driven by a substantial 3.4 percent inc...
- Reassure homes, not just economy: Why India’s growth feels weaker at household levelThe ripples of global disruptions are felt in the everyday lives of Indian families, shaping individual narratives beyond simple data point...
- Can’t find a job after graduation? Blame WFH, not AIRecent graduates are blaming AI for a tough job market, but new studies suggest remote work is the primary culprit. WFH policies make it ha...
- Employers added 172,000 jobs last month as US job market shows resilience despite Iran warAmerica's job market is surprisingly strong. Employers added many jobs in May, and unemployment remains low. This hiring rebound is seen ac...
- Collapse is near: Trump's window to resolve Iran crisis closing fastWest Asia tensions are escalating, impacting global markets. Iranian attacks and US strikes near the Strait of Hormuz are disrupting oil su...
- Rising bond yields and inflation remain key risks for markets: Candace BrowningGlobal investors are focusing on artificial intelligence driven earnings growth, overshadowing geopolitical concerns. Strong US corporate p...
- Laptops, tablets, learning apps in schools across U.S. facing backlashes. Here's whyIn Los Angeles, concerned parents last year formed a group, Schools Beyond Screens, and pressured the district by speaking out at school bo...
- Republicans clash with Trump over payouts tied to ‘weaponization’ claimsRepublicans in the US Congress are opposing President Donald Trump's proposed $1.776 billion fund for alleged victims of government weaponi...
- India can’t escape global oil shock; fuel prices hurting economy, says former BPCL execIndia's economy is significantly impacted by the global oil shock, with crude prices surging by nearly 60%. Former BPCL Marketing Director ...
- What if the Strait of Hormuz didn’t reopen?The Strait of Hormuz, a vital oil route, faces potential prolonged closure. This situation mirrors past disruptions, raising concerns about...
- US pins hopes on mediator Pakistan in push to end Iran warUS Secretary of State Marco Rubio voiced hope of progress on ending the war with Iran, as he looked to Pakistani mediators to help advance ...
- Iran has destroyed roughly $1 billion worth of US Reaper dronesIran has destroyed at least 24 MQ-9 Reaper drones operated by the US since the war began, with total losses possibly reaching 30, according...
- Hormuz closure threatens recession rivaling 2008, Rapidan Energy Group saysRapidan Energy Group warns that if the Strait of Hormuz remains closed through August, the world economy could face a downturn approaching ...
- War weighs on global growth with price worries intensifyingGlobal economic momentum is slowing. Businesses face rising inflation pressures due to an energy crunch. Manufacturing and services sectors...
- US jobless aid filings fell to 209,000 last week as layoffs remain low despite economic uncertaintyJobless claims saw a dip last week, indicating continued low layoffs. However, the economy faces significant challenges. The Iran war has d...
- Global bond rout deepens as Iran war drags on and underscores inflation fearsGlobal bond markets are experiencing significant losses as rising energy prices, fueled by the Iran conflict, ignite inflation fears. Inves...
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