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Dow futures rise as Wall Street and the Fed brace for updates on how much Trump’s tariffs are stoking inflation
Jason Ma -
Markets were pointing toward another rally on Sunday evening as investors brace for fresh economic data that will deliver new clues on how much President Donald Trump’s tariffs are impacting inflation.Stocks closed the prior week on a positive note, with...
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Trump says homeless people must leave Washington, DC, immediately — ‘We will give you places to stay, but FAR from the Capital’
AFP -
President Donald Trump said Sunday that homeless people must be moved “far” from Washington, after days of musing about taking federal control of the US capital where he has falsely suggested crime is rising.The Republican billionaire has announced a...
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More than half of industries are already shedding workers, a ‘telling’ sign that’s accompanied past recessions, top economist says
Jason Ma -
The U.S. economy isn’t in a recession yet, but the number of industries cutting back on headcount is concerning, and future revisions to jobs data could show employment is already falling, according to Moody’s Analytics chief economist Mark Zandi.In...
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The Money Doctor and ‘Captain Pakistan’: Steve Hanke on his last call with Imran Khan and the doom loop gripping South Asia
August 5th marked another grim day for Imran Khan, the former Prime Minister of Pakistan and one of the world’s greatest cricketers. It was the second anniversary of his incarceration in Rawalpindi’s Adiala jail on trumped-up charges. Thanks to...
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How once-iconic Intel fell into a 20-year decline
What happens when a U.S. president tries to take down the CEO of a publicly traded company?We’re about to find out in a bizarre case that could alter not just the career of a CEO but also a one-time...
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Air Force bid for Tesla Cybertrucks in target practice symbolizes the ‘evolving’ relationship between the Pentagon and Big Tech, expert says
The U.S. Air Force is taking steps to acquire Tesla Cybertrucks—for the express purpose of blowing them up. But while the vehicles in this context are meant to be destroyed, the Air Force seeking out the Tesla brand is...
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Sam Altman says the AI talent war is a bet that a ‘medium-sized handful of people’ will make superintelligence breakthroughs
Jason Ma -
Amid the cutthroat war for AI talent, tech giants are offering astronomical sums to lure a tiny pool of top engineers from rivals. OpenAI CEO Sam Altman expects the market for these geniuses to remain intense, but estimated there...
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Ousted vaccine regulator Vinay Prasad to return to FDA
Vinay Prasad, who was recently ousted as the top vaccine and gene therapy regulator at the US Food and Drug Administration, is returning to his role, the Department of Health and Human Services said Saturday. Prasad is returning at the...
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Masked thieves stole all the Labubu dolls from a Los Angeles-area store. ‘We are still in shock’
A group of masked thieves stole about $7,000 worth of Labubu dolls from a Los Angeles-area store this week, authorities said.The incident took place early Wednesday morning at a store in La Puente, a city about 18 miles (29...
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Putin will meet Trump as a ‘fiscal crunch’ is about to hit Russia’s war machine
Jason Ma -
Russia’s economy has been surprisingly resilient in the face of Western sanctions that were triggered by President Vladimir Putin’s invasion of Ukraine in 2022.But as Putin gets set to meet President Donald Trump in Alaska on Friday to discuss...
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Israel’s southern airport hit by drone fired by Yemen’s Houthi rebels
A drone fired by the Houthi militants in Yemen breached Israel's air defenses on Sunday...
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