US economy shrinks for a 2nd quarter, raising recession fear

July 29, 2022 10:40 pm

PAUL WISEMAN WRITES On 28 July.WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday in the gross domestic […]

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Iran Ramps Up Drone Exports, Signaling Global Ambitions

7:15 pm

Evelyn Blackwell writes ✍️ :21 hours ago:Iran has made steady advances in the design and production of military drones in recent years, and has stepped up their transfer to militant groups across the Middle East as it seeks to shift the dynamics of battlefields from Yemen to Gaza. Those efforts […]

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Gone With A Shot? Hopeful New Signs Of Relief For Migraine Sufferers

July 26, 2022 8:36 pm

LAUREN GRAVITZ WRITES:Humans have suffered from migraines for millennia. Yet, despite decades of research, there isn’t a drug on the market today that prevents them by targeting the underlying cause. All of that could change in a few months when the Food and Drug Administration is expected to announce its […]

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Russia and China are out to undermine the US dollar, and if they succeed it will change the world for ever

July 25, 2022 10:08 pm

America’s superpower status is cemented by the global might of the dollar, but a growing movement aims to build a new financial order. Michael Day writes: There is only one true superpower. Since the end of the Second World War, we’ve seen the United States bestride the world like a […]

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Same-sex marriage debate poses problems for Republicans

July 24, 2022 7:49 pm

ALEXANDER BOLTON WRITES:07/23/22 11:55 AM ETA proposal to protect same-sex marriages through federal law is turning into a political liability for Senate Republicans who would rather talk about inflation and gas prices than a hot-button social issue that could provoke a backlash from their party’s base. Making matters worse for […]

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Global population projected to exceed 8 billion in 2022; half live in just seven countries

July 22, 2022 5:05 pm

CONRAD HACKETT WRITES:The world’s population will cross 8 billion in November, according to recently released projections from the United Nations. And more than half of all people live in just seven countries. China has the world’s largest population (1.426 billion), but India (1.417 billion) is expected to claim this title […]

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The Awkward Truth of Italy’s Relationship with the European Central Bank

July 21, 2022 7:20 pm

Leslie Lipschitz writes:July 8, 2022 1:23 pm ETThe European Central Bank has undertaken to tighten financial conditions to reduce inflation. In doing so it faces a conundrum, one that markets already anticipate. Tighter monetary policy may increase the interest rate spread on Italian government borrowing and thereby precipitate a financial […]

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Billionaire Mike Novogratz says the crypto industry is suffering from a credit crisis – and that he was ‘darn wrong’ on leverage risks

5:03 pm

Zahra Tayeb writes:Dated: 20, 2022, 19:24 ISTBillionaire investor Mike Novogratz said he was “darn wrong” about leverage risks in the crypto industry.“It turned into a full fledged credit crisis, with complete liquidation and huge damage on confidence in the space,” he said.Billionaire investor Mike Novogratz has said he misjudged just […]

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Cryptomining Capacity in U.S. Rivals Energy Use of Houston, Findings Show

July 18, 2022 7:38 pm

The findings, by a congressional investigation, highlight how the surge in activity has caused consumers’ electrical bills to rise and makes it harder to fight global warming.By Hiroko TabuchiPublished July 15, 2022Updated July 17, 2022Seven of the largest Bitcoin mining companies in the United States are set up to use […]

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The Dollar Is Extremely Strong, Pushing Down the World

7:18 pm

The Article Is Written By Karl Russell, Joe Rennison and Jason Karajan Dated: July 16, 2022The value of the U.S. dollar is the strongest it has been in a generation, devaluing currencies around the world and unsettling the outlook for the global economy as it upends everything from the cost […]

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