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US RECESSION FEARS 2024
Early Anthropic backer Menlo lands $3 billion in its largest-ever haulMenlo is set to announce that it’s raised $3 billion for a set of funds dedicated to backing AI startups, marking the venture firm’s larges...- 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 ...
- Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slidesTechnology stocks came under heavy selling pressure on Tuesday, putting the Nasdaq 100 on track to lose more than $1 trillion in market val...
- US Stock Market: AI spending fears hammer US tech giants, Alphabet leads selloffWall Street’s AI-driven technology rally faced pressure as investors questioned whether rising infrastructure spending can generate suffici...
- Best Proverb of the Day: “To ask is a moment’s shame, but not to ask is a — Life lessons on knowledge, self-improvement, courage, overcoming fear and why curiosity is the key to learningBest Proverb of the Day highlights the meaning of “To ask is a moment’s shame, but not to ask is a lifetime of shame.” The Japanese proverb...
- African Proverb of the Day: “Do not follow a person who is… — Life lessons on judgment, awareness, decision making, responsibility and why understanding a situation matters more than following the crowdAfrican Proverb of the Day highlights the meaning of “Do not follow a person who is running away.” The saying reflects the importance of in...
- Keir Starmer resigns as UK Prime Minister: What went wrong after Labour's historic victory?In a stunning political upheaval, Keir Starmer has resigned as UK Prime Minister and Labour leader after just two years in power. His decis...
- Psychology says many adults who keep everyone at a distance aren’t loners by nature, and what’s hard is that they learned early that openness invited harm so they built a life that stays sealed offSome adults seem comfortable keeping everyone at arm's length. But psychologists say distance is not always a personality trait. Emerging r...
- Staggering amounts of fentanyl hit US streets as the DEA watched and took no action, records showDEA agents in New Mexico allegedly allowed hundreds of thousands of fentanyl pills onto streets between 2023-2025, prioritizing larger case...
- Quote of the Day by Morris West 'If you spend your whole life waiting for the storm, you’ll never enjoy the sunshine' offers life lesson on how friendship, love can help overcome setbacks, disappointmentsQuote of the Day by Morris West offers a timeless lesson about happiness, gratitude, and living in the present. While challenges and uncert...
- Quote of the day by Jim Carrey: ‘Many of us choose our path out of fear, disguised as practicality. So we never dare to ask the universe what we really want.’ The Truman Show actor on breaking free from fearActor Jim Carrey's 2014 commencement speech powerfully advises graduates to confront fear, not eliminate it. He argues that 'practical' dec...
- 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...
- Investing in SpaceX all about believing in Elon Musk: Chris Wood of JefferiesJefferies' Chris Wood says investing in SpaceX is ultimately a bet on Elon Musk rather than valuation metrics. He highlighted the explosive...
- Quote of the day by Charles Ellis: "There’s an old market saying about stocks to the effect that they all go down together"Charles Ellis highlights how stocks often decline together during market stress, challenging the perceived safety of diversification. The p...
- People who are obsessed with charging phones to 100% aren't doing it due to any phone addiction; studies say they are not addicted to their phones, they fear losing connectionMany people repeatedly charge their phones not due to addiction, but a deep-seated fear of being unreachable. This anxiety stems from the p...
- Microsoft makes big AI inroads in China by selling OpenAI modelsMicrosoft is significantly growing its AI business in China, with ByteDance reportedly spending over $1 billion annually on its cloud and A...
- French spies drop AI giant Palantir over US overreliance fearsFrance is moving away from American AI technology for its intelligence services. The government announced it will stop using Palantir's dat...
- IMF chief says no global slowdown in sight yet, but risks are highThe global economy is holding strong despite the Middle East war. Commodity prices and inflation have risen, but a global slowdown is not y...
- US markets plunge: Dow Jones, S&P 500 and Nasdaq crash as Trump’s Iran threat sparks a risk-off market selloff, pushing the U.S. dollar higher and oil prices sharply upwardDow Jones, S&P 500 and Nasdaq crashed as Trump’s Iran threat reignited fears of a wider Middle East conflict. Investors rushed into the U.S...
- US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwindsAmerica's jobless claims saw a slight increase last week, yet remain historically low. This comes despite economic challenges linked to the...
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