World
Everyone is talking about the Sahm recession indicator. Here’s what you need to know
Global stock markets are in the grip of a deepening rout, prompting investors to turn to one of the most historically accurate indicators to determine whether the U.S. economy is in recession. The so-called “Sahm rule” has observed without fail that the initial phase of a recession has started when the three-month moving average of […]
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UK’s Starmer to hold emergency meeting as riots intensify
PA Video grab of Prime Minister Sir Keir Starmer filming a broadcast clip in Downing Street, central London. The Prime Minister vowed to “ramp up criminal justice” after an emergency Cobra meeting was called in the wake of a sixth day of disorder which saw rioters storm hotels housing asylum seekers. Picture date: Monday August […]
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Investors are unwinding the biggest ‘carry trade’ the world has ever seen, SocGen strategist says
A pedestrian walks past a display board showing the morning numbers on the Tokyo Stock Exchange along a street in Tokyo on August 5, 2024. Richard A. Brooks | Afp | Getty Images A rapid unloading of “carry trades” extended on Monday, with market participants seeking to roll back on the popular strategy amid a […]
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Elon Musk revives lawsuit against OpenAI, Sam Altman in federal court
In this photo illustration, the logo of ‘OpenAI’ is displayed on a mobile phone screen in front of a computer screen displaying the photographs of Elon Musk and Sam Altman in Ankara, Turkiye on March 14, 2024. Muhammed Selim Korkutata | Anadolu | Getty Images Elon Musk has revived a lawsuit against Sam Altman in […]
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Wharton’s Jeremy Siegel says Fed needs to make an emergency rate cut
Wharton’s Jeremey Siegel on Monday called on the Federal Reserve to make an emergency 75 basis points emergency cut in the federal funds rate after Friday’s disappointing jobs report. In addition, there should be “another 75 basis point cut indicated for next month at the September meeting — and that’s minimum,” Siegel, professor emeritus of […]
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The Fed is trying to ‘fight a ghost’ as recession fears mount, investor says
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images LONDON — As a global market sell off continues amid fears of a looming U.S. recession, the Federal Reserve may […]
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Northern Towns See Further Unrest From Far Right Source
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A global stock rout is deepening with investors fleeing to safe havens
A man looks at an electronic boarddisplaying stock prices of the Nikkei 225 listed on the Tokyo Stock Exchange in Tokyo on April 30, 2024. Kazuhiro Nogi | Afp | Getty Images Investors on Monday turned to safe-haven assets as a global stock sell-off deepened, following weaker-than-expected U.S. jobs data at the end of last […]
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European markets plunge 2.5% as global volatility deepens; mining stocks shed 3.6%
A stock exchange in Germany. Torsten Silz | AFP | Getty Images LONDON — European stocks fell sharply at the start of Monday’s session, as global volatility continues amid concerns of a looming U.S. recession. The regional Stoxx 600 index was 2.34% lower by 8:52 a.m. London time, with all sectors and major regional bourses […]
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High temperatures scorch China, spiking power demand
People are enjoying the cool water at a water park in Nanjing, China, on Aug. 4, 2024. Costfoto | Nurphoto | Getty Images Various regions in China continue to bake as temperatures remain elevated, especially in the country’s east, where excessive heat is expected to linger in the provinces of Jiangsu and Zhejiang as well […]
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