Many argue the Federal Reserve missed the boat after failing to cut rates to ease financial conditions two days before latest jobs report triggered a recession indicator on Friday, Aug. 2. The Federal Open Market Committee is not scheduled to meet again until Sept. 17-18. Now, experts are making the case for deeper rate cuts…

The creator of a recession indicator that was triggered this past week said her rule is broken this time around and there’s no recession right now. But not everyone agrees. In fact, a different recession indicator points to the U.S. having entered a recession in October of last year. “We’re not in a recession,” Sahm…

The Nobel Peace Laureate who will be Bangladesh’s interim leader is set to be sworn in Thursday, Aug. 8. Muhammad Yunus was asked to step in after the country’s prime minister resigned and fled the country on Monday, Aug. 5, amid deadly anti-government protests. Yunus had expressed support for the student-led protests that ended Prime…

A recent report by the Rockefeller Foundation found that the success of the renewable energy transition may depend heavily on the world’s poorest nations. According to the report, the 72 most energy-poor countries will need to generate twice the current energy output of the United States from renewable sources by 2050. If those countries fail…

President Joe Biden is expressing his concerns over a peaceful transfer of power should former President Donald Trump lose November’s election. In a preview of a CBS News interview President Joe Biden released by the network on Wednesday, Aug. 7, reporter Robert Costa asked Biden about a peaceful transfer in January. Biden replied, “If Trump loses,…

With a month to go until Hunter Biden’s federal tax trial, prosecutors are making new allegations the president’s son accepted payments from a Romanian businessman to influence U.S. policy. And new details are emerging about the terror plot that resulted in the cancellation of Taylor Swift’s concerts in Austria. These stories and more highlight The Morning Rundown for…

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…