The U.S. economy still faces a recession risk: Gary Shilling
The U.S. may still have a recession, says financial analyst Gary Shilling. Shilling discusses the Federal Reserve, jobs and more.
Brazil Supreme Court justice opens inquiry into Elon Musk, escalating dispute over misinformation
Judge Alexandre de Moraes is a staunch supporter of regulations designed to rein in misinformation online in Brazil.
$1.3 billion Powerball jackpot drawing delayed over ticket verification issue
The jackpot would be the fourth largest in Powerball history.
Trump says going to jail for gag order violation would be a ‘great honor,’ compares himself to Mandela
President Joe Biden’s reelection campaign lambasted Trump for comparing himself to Nelson Mandela.
Elon Musk says Tesla will unveil its robotaxi on Aug. 8; shares pop
Tesla will reveal its robotaxi product on Aug. 8, CEO Elon Musk said in a social media post on X.
Georgia inmate serving life mailed bombs from prison to D.C. office building, Alaska court, feds charge
David Cassady, who is serving a life sentence for kidnapping, allegedly built two bombs while in a Georgia prison and then mailed them to federal buildings.
Fed caution may be justified if the labor market starts to deteriorate. Here’s why that could happen
March’s robust job gains may push the Fed into a more cautious stance regarding potential rate cuts.
Wall Street gets key inflation data next week amid concerns the stock market is overbought
March inflation numbers may show investors that inflation is heading toward the Fed’s 2% target. If not, base case expectations for rates may need a revamp.
Move over, ‘Big Tech’ — this strategist says ‘old economy’ industrial and energy names will win in 2024
Strategist Larry Tentarelli sees undervalued sectors likely outperforming this year, naming some nondigital stocks among his top picks.
Fed Governor Bowman says additional rate hike could be needed if inflation stays high
Bowman said that it’s possible more hikes could be needed, rather than the cuts the market is expecting.
