Cooling inflation prompted a rotation in stocks that favored small-cap names, helping to depress the S&P 500 and Nasdaq by 0.9% and 2%, respectively. The Dow rose 0.1% and the Russell 2000 soared 3.6%.
BHP Group will shutter its Australian nickel operations later this year due to a global glut of the metal, a key element in electric-vehicle batteries.
Delta Air Lines reported a sharply lower profit in the second quarter as it faced a new challenge during the busy summer travel season: airlines are flying too much.
PepsiCo reported a 1% increase in revenue and a 2% drop in sales volume in the June quarter globally, with sales volume for its North America beverage business down 3%.
Stephen Ross stepped down as chairman of Related, the real-estate company he founded 52 years ago, and is managing a new concern based in West Palm Beach, Fla.
A U.K. government agency said that Amazon.com risks a formal investigation if it doesn’t improve its treatment of grocery suppliers.
Biden held a high-stakes news conference in which he was forceful and defiant, vowing to pursue re-election and finish the job he started, but he also made some flubs as he tried to slow a stream of Democratic defections that risked turning into a mutiny.
China warned the U.S. and its allies not to “provoke confrontation” after NATO took the unusual step of explicitly identifying Beijing as a threat to its interests.
Israel’s military blamed itself for failing to defend against Hamas militants’ rampage through a community on the Gaza border where scores were killed or taken hostage on Oct. 7.
China faces a demographic crunch that the United Nations predicts will reduce the country’s population by more than half by the end of the century.
The U.K. economy expanded more than expected in May, providing a tailwind for newly elected Prime Minister Keir Starmer, who has pledged to raise the country’s growth rate after more than a decade of weakness.
The world’s population is growing more slowly and will peak at a lower level than previously projected, new estimates from the U.N. show.
The tendency to cast Trump as a tool of the ideological right serves the purposes of both sides. The right needs to believe Trump is a warrior for its causes to justify its support for him, and the left wants to believe the same to justify its opposition.
The European Parliament, the biggest democratic institution in the world, now features three far-right groups. Two of them, Patriots for Europe and Europe of Sovereign Nations, emerged only this week, from the ashes of failed alliance negotiations.
Like the case of Rome before it, Empire is bankrupting America. The true fiscal cost of the national security budget is now upwards of $1.3 trillion per year (counting veterans expense and international operations and aid), but there is no way to pay for it. That’s because the 78-million strong Baby Boomers are in the … Continue reading "The Folly of Empire and the Albatross of Debt"
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With a total of 480 marks out of 600, Varsha Arora scored 80% in the CA Final exams.
Reprinted from Common Dreams. The world is at its most dangerous moment since the Cuban Missile Crisis of 1962. Back then, however, the fear of total destruction consumed the public; today, few people seem even to be aware of this possibility. It is easily imaginable that nuclear war could break out between Russia (and perhaps … Continue reading "NATO’s Endgame Appears to Be Nuclear War"
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Here are some hints to help you win Wordle #1,119.
KUALA LUMPUR: Indonesian singer Afgansyah Reza or Afgan, 35, often visits Malaysia to entertain fans.
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Democrats aren’t upset that President Joe Biden is senile. They’re upset that they can’t hide it from the public any longer.
In its reply, the country’s second-largest private-sector lender ICICI Bank’s affiliate firm argued that the applicants have no locus standi whatsoever, to file the applications or raise any objection.
Hamburg’s massive flak tower has been planted with thousands of trees and relaunched as a hotel, concert hall and ‘gastronomy hub’
When a system requires perfection from operators, the consequences can be troubling