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Bridgewater founder Ray Dalio on Wednesday warned that a significant supply-demand problem regarding U.S. debt could have a profoundly disruptive impact on the global economy. It is the latest in a series of stark warnings about America’s mounting debt from the U.S. hedge fund billionaire, with the country’s national debt currently standing at more than…
A Delta Airlines and American Airlines plane are seen at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 1, 2023. Stefani Reynolds | AFP | Getty Images Airlines are cutting their first-quarter profit and sales estimates, warning that a weaker economic backdrop is weighing on travel demand. Ahead of a JPMorgan industry conference,…
The White House on Monday downplayed the weekslong stock market sell-off, insisting that recent moves by business leaders suggest a brighter outlook for the U.S. economy. “We’re seeing a strong divergence between animal spirits of the stock market and what we’re actually seeing unfold from businesses and business leaders,” a White House official told reporters…
Baggage handlers load luggage onto a Southwest Airlines Boeing 737 at Austin-Bergstrom International Airport on August 24, 2024 in Austin, Texas. Kevin Carter | Getty Images News | Getty Images It’s happening: Southwest Airlines will start charging passengers to check bags for the first time. It’s a stunning reversal that shows the low-cost pioneer is…
Rosemont is banning installation of new electric vehicle charging stations in parking garages. A fire occurred here on the first floor of the Fashion Outlets of Chicago garage in January 2024. Christopher Placek/cplacek@dailyherald.com Prompted by an electric vehicle fire that required a large response by firefighters, Rosemont officials Monday placed a temporary moratorium on…
DOGE chief Elon Musk said Monday that he is running his businesses “with great difficulty,” as shares of his automotive firm Tesla suffered their worst drop in a half-decade, and as his social media company X experienced several outages. Musk also said during an interview on Fox Business that he expected to remain in the…
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images For years, American financial companies have fought the Consumer Financial Protection…
Listen to article KARACHI: The State Bank of Pakistan (SBP) is set to announce its monetary policy decision on Monday, March 10. The ongoing rate-cutting cycle, which began in June 2024 from a peak of 22% and has gradually reduced to 12% by March 2025, has certainly helped restore macroeconomic stability. However, the debate is heating up…
Robert F. Kennedy Jr. speaks in the Oval Office of the White House, on the day he is sworn in as secretary of Health and Human Service in Washington, D.C., U.S., Feb. 13, 2025. Nathan Howard | Reuters The nation’s new top health official could further erode already falling U.S. vaccination rates against once-common childhood…
Northbound Interstate 25 is closed south of Crossroads Boulevard near Loveland due to a fatal vehicle crash, police say. Colorado State Patrol wrote in a social media post at 8:39 a.m. that the roadway was closed. Colorado’s Department of Transportation warns that drivers should expect delays and use Exit 259 or alternate routes to avoid…
