The Federal Reserve’s efforts to tame inflation could trigger a recession, BlackRock warned. Mark Makela/Getty Images Investors should avoid most stocks with recession risks rising, according to BlackRock. The Fed and other central banks have underestimated the severity of the recession that their rate hikes could trigger, the asset manager said. “This all implies a…
Monthly Archives: September 2022
Under the plans, airlines would be required to disclose the total cost of a flight the first time it is listed rather than adding hidden fees on top of the original fare. Horacio Villalobos#Corbis/Corbis via Getty Images President Biden has announced new proposals to help customers find the best flight deals. Under new proposals, airlines…
Oath Keepers founder Elmer Stewart Rhodes was charged with seditious conspiracy in the January 6 investigation. Photo by Philip Pacheco/Anadolu Agency/Getty Images Jury selection is set to start in the trial of five Oath Keepers charged with seditious conspiracy. Oath Keepers plan to argue they were waiting on January 6 for Trump to invoke the…
A man holds a Russian flag with the letter Z, which has become a symbol of support for Russian military action in Ukraine, during the Victory Day celebrations in the far eastern city of Vladivostok on May 9, 2022. PAVEL KOROLYOV/AFP via Getty Images Russia said it detained a Japanese diplomat in the city of…
Warren Buffett. AP Images Berkshire Hathaway stock closed at an 18-month low on Monday. Warren Buffett’s company has been hit by fears of inflation, recession, and further market declines. Buffett might seek to strike deals, buy stocks and businesses, and boost buybacks. Shares of Warren Buffett’s Berkshire Hathaway slumped to $264 on Monday, marking their…
Secret Service agents in front of the White House on June 26, 2022 in Washington, DC. Tasos Katopodis/Getty Images Secret Service leadership confiscated 24 agents’ phones in July, NBC reported on Tuesday. The confiscation took place after the DHS watchdog launched a criminal probe into missing Jan. 6 texts. Interest in the phones’ contents increased…
Former Treasury Secretary Larry Summers speaks at the Spring Meetings of the International Monetary Fund and the World Bank in Washington, DC, on April 16, 2015. NICHOLAS KAMM/AFP via Getty Images The UK’s plan to cut taxes is “utterly irresponsible,” Larry Summers tweeted on Monday. The former US Treasury secretary predicted that short-term rates could…
Traders watch the price of X Financial, a Chinese technology personal finance company, following the company’s IPO on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 19, 2018. Brendan McDermid/Reuters Ned Davis Research’s Global Recession Probability Model is at 98.1%, the group wrote in a recent note. The only…
President Volodymyr Zelenskyy with a soldier in newly liberated Izyum, published on Zelenskyy’s Telegram on September 14 2022 Office of the President of Ukraine/Telegram A hotline set up to allow Russian soldiers to surrender is already getting calls, Ukraine claims. Ukraine says its “I Want to Live” hotline guarantees confidentiality and humane treatment. Some Russians…
Google Maps Three men behind last year’s Hometown Deli public markets debacle have been charged in alleged stock market manipulation.The orchestrated scheme helped a local New Jersey deli sport a market capitalization of $100 million.Hedge funder David Einhorn had called out the company as an example of the SEC’s negligence towards stock schemes. Three men…