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Recession fears have dominated headlines since Friday’s jobs report, where the rising unemployment rate triggered a recession indicator known as the Sahm Rule. The rule has an incredible track record of signaling the start of a recession, yet this time is an outlier, according to the rule’s creator. The Sahm Rule states a recession in the…
In 2023, India surpassed China as the most populous country, and is expected to continue growing over the next several decades. Meanwhile, China’s population peaked at 1.4 billion and then began shrinking. China’s population is projected to decrease to 1.3 billion by 2050 or even 770 million by 2100. Watch the video above as Straight…
Japan is reportedly facing an unusual problem: too many tourists. Foreigners are flocking to the country in record numbers in the first half of 2024, with 17.78-million foreigners visiting the country. The added tourism brought around $11.4 billion to Japan’s economy in the first quarter of 2024. The record-number of visitors is largely attributed to…
Investors slammed the sell button the morning of Monday, Aug. 5, with the Dow Jones Industrial Average sliding more than 1,000 points before the opening bell. The tech-heavy Nasdaq lost 6% while the S&P 500 was down more than 4% before the stock market opened. The global sell-off started overseas in Japan with the Nikkei…
It only took moments for Friday’s disappointing U.S. jobs report to stoke fears that a recession could be in the offing. In the wake of the report, Treasury yields took a dive while the Dow, S&P 500 and Nasdaq all faced a selloff, pushing them down more than 2% early in the afternoon. Employers added…
Experts are criticizing the Federal Reserve for being behind the ball after July’s jobs report showed a weakening labor market, two days after the Fed decided to leave its interest rate unchanged. Economists say the Fed’s restrictive monetary policy is now hurting the once-robust labor market. In July, the U.S. economy added 114,000 jobs, a…
Arizona officials claim the land that is planned for use by the Resolution Copper mine contains resources that are crucial for transitioning the U.S. energy sector to renewables. However, Native American tribes and environmentalists are raising concerns over the project’s potential impacts. Indigenous groups assert that the proposed mining site lies on sacred ground that…
According to a new report by MassInc and UMass Donahue, over 450,000 working-age residents in Massachusetts lack English proficiency. that makes up about 10% of the workforce. The report highlights the lack of funding for English-as-a-second-language (ESOL) programs as immigrant numbers continue to rise. The report urges officials to increase and improve access to ESOL…
In Venezuela, the results of a recent presidential election are being reported in two significantly different ways, leading world leaders, including those in the United States, to question the validity of the election. Authoritarian President Nicolás Maduro claims to have won reelection by a narrow majority of 51%, despite exit polls indicating that his challenger…
Former President Donald Trump’s gains with Black voters have narrowed since President Joe Biden dropped out of the 2024 race. Prior to his dropping out, polling indicated that Biden was losing support among Black voters, who had been vital to his 2020 victory. The Trump campaign has been courting Black voters, using the recent Republican…
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