Recession Looms, But Markets Haven’t Got the Message

After 28 trading days away from the markets*, I’ve come back to find that a new narrative of impending recession is quickly taking hold. Yet, look at the markets themselves and the story isn’t much reflected in asset prices, which are still beholden to the Federal Reserve. This creates both risks and opportunities. Start with … Read more

SEC’s Gensler warns Americans are diverting savings to ‘speculative crypto assets,’ says market needs investor protection

Securities and Exchange Commission Chairman Gary Gensler reiterated his intention to bring cryptocurrency exchanges and lending platforms into its regulatory purview during a speech before the North American Securities Administrators Association on Tuesday. “Over the past year, several bank executives have shared their personal concerns with me about the sheer number of depositors who have … Read more

US and Japan Embrace the Open Internet

A branch of Rakuten Mobile in Tokyo, Dec. 14, 2017. Photo: kim kyung-hoon/Reuters Tokyo Most Americans think of Japan as manufacturing world-class cars and consumer electronics. But Japan is also a tech-services superpower that encourages online commerce, embraces artificial intelligence, exports innovative video games, and works in partnership with the US to revolutionize mobile connectivity. … Read more

US and Japan Embrace the Open Internet

A branch of Rakuten Mobile in Tokyo, Dec. 14, 2017. Photo: kim kyung-hoon/Reuters Tokyo Most Americans think of Japan as manufacturing world-class cars and consumer electronics. But Japan is also a tech-services superpower that encourages online commerce, embraces artificial intelligence, exports innovative video games, and works in partnership with the US to revolutionize mobile connectivity. … Read more

Shooting along Indiana highway where SUV was stopped kills 2

Authorities say two men were fatally shot after a police officer and two good Samaritans stopped along a southern Indiana highway to help a driver who was stopped in the roadway ByThe Associated Press May 17, 2022, 2:56 PM • 2 min read Share to FacebookShare to TwitterEmail this article PALMYRA, Ind. — Two men … Read more

Stock Market Today: Dow Futures Rise, Tech Outperforms, China Lockdowns to Ease

text size Fed Chair Jerome Powell is one of six officials from the central bank speaking Tuesday. Tim Williams/Getty Images Stocks rose as China moved to curb Covid-19 lockdowns that have threatened global disruption, with a wave of US economic data and Federal Reserve speakers in the day ahead as investors continue to focus on … Read more

Rain brings relief to massive, record-wildfire in New Mexico

Lightning has sparked a few new small fires in the drought-stricken Southwest By SUSAN MONTOYA BRYAN Associated Press May 17, 2022, 4:31 AM • 4 min read Share to FacebookShare to TwitterEmail this article Lightning sparked a few new small fires in the drought-stricken Southwest Monday but the thunderstorms brought welcome rain to the monster … Read more

Arizona state senator slammed for Buffalo shooting comments

The Arizona Senate has voted to open an ethics investigation into a firebrand Republican member who tweeted inflammatory comments about last weekend’s racist attack at a Buffalo, New York, supermarket By BOB CHRISTIEAssociated Press May 17, 2022, 1:14 AM • 4 min read Share to FacebookShare to TwitterEmail this article PHOENIX — The Arizona Senate … Read more

Asian markets gain as China COVID progress outweighs Wall Street losses

Shares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets. Hong Kong’s Hang Seng HSI, +2.23% gained 2.2% while the Nikkei 225 NIK, +0.29% in Tokyo edged 0.4% higher. In Seoul, the Kospi 180721, +0.79% pink 0.8%. Australia’s S&P/ASX 200 XJO, +0.15% added 0.2% while the … Read more

Falling Markets Will Crush Government Budgets

A trader works on the floor of the New York Stock Exchange, Aug. 21, 2015. Photo: Brendan McDermid/REUTERS Investors are painfully aware of the plunge in stock and bond markets so far in 2022. Are federal and state officials aware of the damage plunging markets will soon do to public budgets and finances? Tax revenue … Read more