The persistence of inflation caught economists, analysts, and, most importantly, members of the Federal Reserve by surprise.Tyler Le/BI What a difference three months makes. At the end of 2023 and the start of 2024, it appeared that the US was on a glide path to what I termed “economic nirvana“: Growth would stay steady, if […]
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Astronomers may have finally solved the mystery of how superdense dead stars called white dwarfs keep their heavy metal shells fresh — by cannibalizing what remains of their planetary systems. Our sun is destined to turn into a white dwarf in around five billion years, after it runs out of the hydrogen that fuels nuclear […]
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By Luc Cohen NEW YORK (Reuters) – Manhattan prosecutors started and stopped the investigation that culminated in Donald Trump‘s upcoming criminal trial so many times that it came to be known as a “zombie case,” like the mythical character who returns from the dead. The first-ever criminal trial of a former U.S. president is set […]
In the year 1181, an extraordinarily bright supernova lit up the night sky like a firework for an incredible 185 consecutive days. Astronomers have since located its remnants within the constellation Cassiopeia and imaged it — appropriately, it looks like a giant firework. NASA’s Chandra X-ray Observatory released this new composite image of SNR 1181 that combines […]
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A recession is coming in 2024Getty Images Investors need to wait for a recession and accompanying rate cuts before putting more cash into stocks, Canaccord’s Tony Dwyer says. He describes the US economy as a “zombie” that needs to be “killed” before a recovery can start. Under such a scenario, the Fed would leave interest […]