Articles

: Biden says Trump’s policies weakened the U.S. while hailing new ties with Japan, South Korea

President Joe Biden criticizes Donald Trump's approach to foreign policy, with his remarks coming as he talked up stronger ties with Japan and South Korea.

: Jet.AI’s stock more than doubles after AI-based booking app released on Apple’s App Store

Shares of recently debuted Jet.AI more than doubled Friday after the aviation-booking platform announced its AI-based app was available on the Apple store.

: Hurricane Hilary expected to drench California as a tropical storm, first in 84 years

Owed to cooler ocean temps and a high-pressure system, storms rarely hold enough strength to make landfall as a tropical storm or a hurricane in California.

Key Words: Fed ‘almost guaranteed to be wrong’ about avoiding recession: Jeremy Grantham

Longtime stock-market bear Jeremey Grantham says the Federal Reserve is almost certainly wrong about avoiding recession.

Market Extra: How the higher-for-longer theme in interest rates is playing out in SOFR futures trading

Attention is shifting away from the question of how much higher interest rates may go and toward how long it will be before Federal Reserve officials start to cut rates.

: As COVID hospitalizations rise, Pfizer and Moderna say updated shots show promise against Eris variant

Free shots for people without health insurance may not be available at retail pharmacies until mid-October.

: Striking workers need unemployment pay — and fast, this lawmaker says

As employees increasingly walk off the job, California will try to become third and biggest state to offer them unemployment benefits.

: What recession? The labor market is sizzling in these states.

The unemployment rate fell in seven states in July. What's the job situation where you live?

The Fed: Jackson Hole: Fed’s Powell could join rather than fight bond vigilantes as yields surge

Federal Reserve Chairman Jerome Powell and his colleagues might welcome the recent rise in bond yields rather than try to stamp out the fire, economists said.

Crypto: Bitcoin’s tumble: Here’s what may have sparked selloff — and why it may spell trouble for other assets

Bitcoin fell below its 200-day moving average on Friday, as investors remain worried that global interest rates will stay high for longer while economy may slow down. 

The Margin: ‘Magnificent Seven’ stocks are losing some of their shine, but their bonds are doing fine

Meta, Apple, Microsoft and Nvidia shares are all in correction territory, but investors are still buying their bonds.

In One Chart: Stocks might not get trampled by central bank ‘elephants.’ We were wrong, says UBS CIO

'We have greater confidence the U.S. will avoid a recession in the next 12 months,' says UBS chief investment officer for wealth management.
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