• What a TikTok ban in the US could mean for you

    TikTok won’t suddenly disappear from your phone. Nor will you go to jail if you continue using it after it is banned.

    • WLNS

    What a TikTok ban in the US could mean for you

    No, TikTok will not suddenly disappear from your phone. Nor will you go to jail if you continue using it after it is banned. After years of attempts to ban the Chinese-owned app, including by former President Donald Trump, a measure to outlaw the popular video-sharing app has won congressional approval and is on its []

  • What A TikTok Ban In The US Could Mean For You

    After years of attempts to ban the Chinese-owned app, including by former President Donald Trump, a measure to outlaw the popular video-sharing app has won congressional approval and is on its way to President Biden for his signature.

  • The Next Global Hegemon Has To Be Even Larger Than The US

    The Next Global Hegemon Has To Be Even Larger Than The US By Michael Every of Rabobank "Where it will end is very much up for grabs." Yesterday’s manufacturing PMIs shouted “stagflation”, even if some heard “rate cuts”. German manufacturing was 42.2, French 44.9, and Eurozone 45.6, as services were 53.3, 50.5, and 52.9 - but Europe must now factor in logjams appearing at key ports due to unsold Chinese EVs and the knock-on effects of the Houthi’s blockage of Suez; the UK prints...

  • What $61bn US aid boost could mean for Ukraine

    After weeks of Russian advances, there are three areas where Ukraine could now strengthen its defences.

  • Corporate debt defaults rose steeply in 2023

    S&P Global Ratings found there's also a rise in companies that default multiple times.

  • JPMorgan CEO Dimon says US economy is booming

    (Reuters) -JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. The U.S. economic boom is "unbelievable," Dimon said at an Economic Club of New York event on Tuesday. Dimon, who has run the largest U.S. lender for more than 18 years, has cautioned that inflation could be more persistent than expected, keeping interest rates higher for longer.

  • 29% of US Households Are Considered 'ALICE': What Does That Mean And Are You One?

    In the United States, a term is used to refer to citizens who earn too much to qualify for government schemes but still live in poverty. These households are known as ALICE, which stands for Asset-Limited, Income-Constrained, and Employed.ALICE households face significant challenges in affording necessary expenses such as healthcare, childcare, rent, food, gas, and clothing.According to the U.S. Bureau of Labor Statistics, rent increased by 6.1% between January 2023 and January 2024, while car...

  • IMF Sees Slow and Steady Growth of Global Economy

    By David Lawder WASHINGTON, April 16 (Reuters) – The global economy is set for another year of slow but steady growth, the International Monetary Fund said on Tuesday, with U.S. strength pushing

  • Global economy strong but challenges lie ahead: IMF

    The International Monetary Fund has slightly upgraded its global economic growth forecast but warned about progress on inflation on the back of conflicts in the Middle East and Europe. Global growth 2024 is expected to rise by 3.2 per cent in the April world economic outlook, 0.1 percentage points higher than in the previous update […]

  • IMF Steps Up Its Warning to US Over Spending and Ballooning Debt

    (Bloomberg) -- The International Monetary Fund leveled an unusually direct criticism at US policymakers Tuesday, saying the country’s recent standout performance among advanced economies was in part driven by an unsustainable fiscal policy.Most Read from BloombergChina Tells Iran Cooperation Will Last After Attack on IsraelBeyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROITreasury Yields Hit 2024 Highs as Powell in Focus: Markets WrapIMF Steps Up Its Warning to US...

  • Breakfast briefing: Risks facing the global economy pile up

    China new yuan lending underwhelms; China exports drop; India industrial production up; US sentiment dips; bitcoin falls; UST 10yr 4.52%; gold slips but oil holds; NZ$1 = 59.3 USc; TWI-5 = 69.2