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Recessions and depressions

Why an indicator that has foretold almost every recession doesn’t seem to be working anymore

by Adrian Jhonsan
Why an indicator that has foretold almost every recession doesn’t seem to be working anymore

Pedestrians walk along Wall Street near the New York Stock Exchange (NYSE) in New York, US, on Thursday, May 16, 2024.  Alex Kent | Bloomberg | Getty Images Wall Street’s …

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Categories World

Chance of Biden dropping out of presidental race is 40%, Stifel says

by Adrian Jhonsan
Chance of Biden dropping out of presidental race is 40%, Stifel says

There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls …

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Categories World

CNBC Daily Open: Presidential debate

by Adrian Jhonsan
CNBC Daily Open: Presidential debate

Traders work on the floor of the New York Stock Exchange during afternoon trading on Jan. 17, 2024 in New York City. Michael M. Santiago | Getty Images News | …

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Categories World

Roaring Kitty, Nike flops, inflation on deck

by Adrian Jhonsan
Roaring Kitty, Nike flops, inflation on deck

A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City.  Angela Weiss | Afp | Getty …

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Categories World

Recession risk remains low despite jump in unemployment rate, experts say

by Adrian Jhonsan
Recession risk remains low despite jump in unemployment rate, experts say

People walk past a restaurant, with a hiring sign outside, in Washington, D.C., on Oct. 5, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The unemployment rate, which has remained …

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Categories World

Economist Sahm, who devised recession rule, says the Fed is ‘playing with fire’

by Adrian Jhonsan
Economist Sahm, who devised recession rule, says the Fed is ‘playing with fire’

Economist Claudia Sahm on CNBC’s The Exchange. CNBC The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author of a …

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Categories World

Cuban troubadour Silvio Rodríguez, icon of the revolution, dwells on island’s troubles in new album

by Shawn Butlere
Cuban troubadour Silvio Rodríguez, icon of the revolution, dwells on island’s troubles in new album

rewrite this content and keep HTML tags HAVANA — He was the poetic voice of the Cuban Revolution, an inspiration for millions of Latin Americans living under dictatorships throughout the …

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Categories Entertainment

Romance Writers of America files for bankruptcy after tumultuous split spurred by racism allegations

by Shawn Butlere
Romance Writers of America files for bankruptcy after tumultuous split spurred by racism allegations

rewrite this content and keep HTML tags The Romance Writers of America has filed for bankruptcy protection following several years of infighting and allegations of racism that fractured the organization, …

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Categories Entertainment

Walmart bubble due to high-income grocery spending, warns Bill Simon

by Adrian Jhonsan
Walmart bubble due to high-income grocery spending, warns Bill Simon

Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat on quarterly results, former Walmart U.S. CEO Bill Simon warns …

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Categories World

Steward Health Care says it is selling the 30+ hospitals it operates nationwide

by Shawn Butlere
Steward Health Care says it is selling the 30+ hospitals it operates nationwide

Steward Health Care said it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection. The Dallas-based company, which operates more than 30 …

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Categories Health
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