SELECT LANGUAGE BELOW

Leading Economic Index Declines, Driven By Manufacturing and Housing Weakness

The leading U.S. economic index fell 0.5% in September, continuing a decline that could signal a slowdown in the coming months. The LEI, which predicts future economic activity, has fallen 2.6% over the past six months, with weak manufacturing orders and an inverted yield curve contributing to the decline. Economists had expected a decline of […]

The Fed’s 50 Basis Point Cut Was a Mistake Driven by Political Pressure

Fed Rate Cuts: A Premature Mistake Caused by Politics The Fed's 50 basis point interest rate cut in September was not only premature; driven by political pressure. Last Friday's employment statistics revealed a misjudgment. 254,000 new jobs, unemployment rate down to 4.1%Rather than stagnate, the labor market is growing stronger. Wages rose 4% from a […]

Bitcoin price recovery driven by growing US financial concerns – Cointelegraph

Bitcoin (BTC) has risen 2.4% since retesting the $59,900 support level on October 3, despite facing initial resistance at $62,000. The Oct. 4 rally was driven primarily by macroeconomic factors, including U.S. employment data, expectations for Japan's economic stimulus, and growing concerns about the U.S. financial system. In the United States, the economy is strong, […]

‘Charlamagne tha God’ calls on Democrats to run against ‘ego’ driven Biden

Radio host “Charlaman the God” on Tuesday urged Democrats to accept President Biden’s challenge to face him at the Democratic National Convention. Amid calls for him to step down and put another Democrat in the running for the top spot, Biden declared Monday in a telephone appearance on MSNBC’s “Morning Joe” that “I’m not going […]

Archegos collapse driven by Bill Hwang’s ‘lies and manipulation’: prosecutor

The 2021 collapse of Song Kook “Bill” Hwang’s Archegos Capital Management was driven by “lies and manipulation,” federal prosecutors said Monday in a criminal trial over the collapse of a private investment fund worth a combined $36 billion. Jurors heard closing arguments from the prosecution and defense in Manhattan federal court in the trial of […]

Golden State was driven by its beef with CP3

When Chris Paul joined the Golden State Warriors in 2023, everyone agreed it was… pretty weird. On the surface, the reason is obvious: opposing forces. Stephen Curry’s Warriors won multiple championships in the 2010s, but they were all at Paul’s expense in some way. Paul got no personal accolades because Curry surpassed him as an […]