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A closely tracked recession signal just got triggered by the July jobs report

Economist Peter Morici criticized the Biden administration’s economic policies, discussing tax cuts on Social Security benefits that former President Trump promoted during his election campaign. Weaker than expected July employment report A reliable recession indicator The policy, closely watched by Wall Street, has rekindled concerns about the health of the U.S. economy and triggered a […]

Top Fed officials signal possible rate cut as inflation cools

The Federal Reserve’s two top officials signalled the central bank could cut interest rates later this year as inflation shows signs of easing, but warned that no cuts were expected this month. John Williams, president of the New York Federal Reserve Bank, He told the Wall Street Journal He said Tuesday that the cooling labor […]

S&P Futures Signal Endurance to Rate-Fueled Rally: Markets Wrap – Yahoo Finance

(Bloomberg) — Stocks hovered near record highs as traders hoped for more clues about the Fed’s outlook as Federal Reserve Chairman Jerome Powell wrapped up a two-day congressional hearing. Most read articles on Bloomberg Stocks rose for a seventh straight day, putting the S&P 500 on track for its longest run of gains since November. […]

Skydance CEO David Ellison — and scandal-scarred media exec Jeff Shell — signal $2B in cost cuts for Paramount

Skydance boss David Ellison and scandal-plagued media executive Jeff Shell have hinted at massive cost-cutting measures at Paramount Global as the two companies merge. Ellison, the son of tech mogul Larry Ellison, whose Hollywood production company produced “Top Gun: Maverick” and “Mission: Impossible: Dead Reckoning,” said Monday that he expects Paramount to make more than […]

Lou Lamoriello’s Brock Nelson call will signal Islanders’ plan

LAS VEGAS — If the Islanders were a different kind of team, run in a different way, when the NHL gathers in Las Vegas for the draft, everyone will be asking: “Who trades Brock Nelson?” Here are the facts: The Islanders finished last season with 39 wins, 27 losses and 16 ties, losing in the […]

Right-Wing Dominance in European Elections Foreshadows Trends That Could Signal Massive Trouble for Biden, Boon for Trump

Former President Donald Trump and US Republicans are heartened by this weekend’s European Parliament elections, which saw right-wing victories across Europe that shocked France and other countries, potentially portending a US electoral landscape similar to the one that followed Britain’s 2016 Brexit referendum that preceded Trump’s US victory that same year. French people ousted President […]