Retailers Paint a Worrying Picture of American Consumers
The retail sector suffered a severe blow this week. Macy’s and Kohl’s reported significant sales declines, indicating deeper underlying problems. Stock values plummeted across the...
Corporate America Is Hurting on China’s Worsening Economy
China’s worsening economic downturn is negatively impacting major American businesses operating in the country, especially those linked to its declining manufacturing, construction, and export sectors....
The Fed Has Laid the Seeds of a Crisis That Wall Street Can No Longer Ignore
In a concerning move, Fitch downgraded America’s credit rating, emphasizing the country’s growing financial vulnerability due to prolonged Washington dysfunction. The Fed’s attempts to combat...
Homelessness in America is Now at a Record Rate
The U.S. has witnessed a significant surge in homelessness, with preliminary data indicating an 11% rise from 2022, marking the largest increase since 2007, according...
Is AI's Rapid Rise the New Dot-Com Bubble About to Burst?
Despite the recent tech rally driven by generative artificial intelligence, concerns rise as Nvidia’s shares have almost tripled in 2023, with some attributing this surge...
Washington's Fiscal Blowout: Interest on Federal Debt Has Hit 15.5% Of All Federal Debt
President Biden and Congress have set alarming records with their skyrocketing spending and deficits. In just the first 10 months of the fiscal year, the...
China's Deflation Wave Could Ripple Across the Globe
China’s rising deflationary pressures spell disaster, threatening to drag the nation and potentially the global economy into a devastating slump. Plummeting prices erode corporate profits,...
China Controls Minerals That Run the World—It Just Fired a Warning Shot at U.S.
China’s recent move to impose export restrictions on minerals used in various industries serves as a stark reminder of its control over global mineral resources....
One-Fifth of Investors 85 or Older Have Nearly All Their Money in Stocks: WSJ
Many older Americans are defying conventional wisdom by remaining heavily invested in the stock market instead of shifting to bonds to protect their nest eggs....
Big Banks Stay Cautious as Stress Doesn’t End With a Test: WSJ
Largest banks brace for looming challenges as stress test results fall short. Concerns arise as buybacks remain conservative, signaling anticipated difficulties ahead. The Federal Reserve...