global economy
US economy cools as GDP growth hits lowest level since 2022 , inflation remains sticky to send Dow spiraling
Fresh data released Thursday morning showed that he US economy's growth slowed to 1.6% in the first three months of 2024, sending markets into a tailspin.
Canadian police warn of revolt amid rising prices, paranoia as millennials 'unlikely' to ever buy a home
Canadian police warned the nation’s leadership in a “secret” memo of the possibility of a revolt amid rising prices, conspiracy theories and paranoia, as those younger than 35 are “unlikely”...
The world’s drowning in debt — brace yourself for economic turbulence
As Harvard’s Kenneth Rogoff and Carmen Reinhart said in their book “This Time Is Different: Eight Centuries of Financial Folly,” unless addressed promptly overindebtedness almost always ends in tears.
Top US venture capitalists invest billions in Chinese tech — at the expense of American national security
Nearly half of the most powerful American players in venture capitalism are quietly investing billions in Chinese tech startups over US competitors for massive returns.
China is hungry for investment funding — but why is Beijing unable to raise cash at home?
Major Chinese businesses like Shein are seeking money from American investors — and there's a good reason why they aren't able to find capital at home, despite being a land of...
Is the Federal Reserve prepared for the coming deflationary shock from China?
Anyone doubting that China has pursued an unsustainable growth model need only look at its property and credit market bubble.
Davos's party secrets: Caviar, magic mushrooms, champagne and A-list private concerts
A wine party features $995 bottles and there's a war to get ultra-elite guests to your dinner. One CEO is alleged to have brought his sex slave.
Biden's $100B CHIPS Act doles out just $35M -- as top semiconductor firms hit pause in US until 2025
Samsung was initially scheduled to begin massively scaling production and manufacturing at its plant in Taylor, Texas, in the second half of 2024.
Biden does nothing as Iran-backed Houthis humiliate us
The world’s lone superpower has been unable to protect one of the most important commercial arteries on Earth from a band of Third World rebels. Welcome to the latest humiliation...
Here's what to fear in the new year — according to Nostradamus and Baba Vanga
As we deck the halls, overindulge and welcome the new year, the time is nigh for predictive calamity courtesy of two dead prophets of doom; Nostradamus and Baba Vanga. For...
House panel demands US 'stop digging our own grave,' detach from China
The House Select Committee on the Chinese Communist Party on Tuesday issued 150 legislative recommendations to better compete economically with Beijing and lessen US trade reliance on the adversary.
Argentina elects libertarian economist and tantric sex teacher who cloned his dog as president
Javier Milei had English mastiff Conan cloned and his sister trained as a medium to talk to the dead pet. He wants to take a chainsaw to government.
Weak China equals US opportunity, end daily White House press briefings and other commentary
“China’s weakening economy offers an opportunity to win meaningful changes in Beijing’s policies,” argues Thomas J. Duesterberg at The Wall Street Journal. But “it will take a hard-line approach.”
Expert warns inflation could persist for decades as US spends 'like a drunken sailor'
Billionaire Ken Griffin warned that elevated inflation rates could persist "for decades" -- and blamed out-of-control US spending.
Jamie Dimon says central banks got forecasts '100% dead wrong' -- and it doesn't matter if Fed hikes rates again
Jamie Dimon said central banks 18 months ago got their economic forecasts "100% dead wrong" -- and said it doesn't matter whether the Fed hikes rates again this year. The...
If Xi Jinping's Hong Kong goons don't ease up and free Jimmy Lai, China's economy faces even rougher waters
The show trial of Lai, 75, for supposed national-security crimes was to start last week, Sept. 25, but Hong Kong authorities already kicked it back to December.
Gas prices in LA soar to over $6 a gallon as oil keeps climbing
Oil prices reached $95 a barrel for the first time this year on Tuesday -- a trend fueled by supply cuts by Saudi Arabia and Russia.
Lithium deposit found in northwest US may be the world's largest
A deposit estimated to hold between 20 to 40 million metric tons of lithium has been discovered at the McDermitt Caldera crater along the Nevada-Oregon border, which could make it...
Asleep at the wheel: Mistake-prone Fed Reserve could be sending us into recession
Judging by all the policy mistakes Jerome Powell’s Federal Reserve is making, one has to wonder whether next year it will be accused of having been asleep at the wheel...
Russia's, China's economic eclipse proves US system is still the best
For all its faults, our democratic and free-market economic system beats hands down the top-down and autocratically run economies of our main political rivals.