As the U.S. economy continues to tread through turbulent waters, a recent Deutsche Bank survey reveals that there’s an unsettling 50% chance the country is edging toward a recession. With a probability of 43% for a downturn within the next year, this statistic strikes a chord of anxiety among the businesses and consumers alike. Despite
US
The financial markets recently witnessed a stunning pivot that has left many investors breathless. A staggering $90 billion surged into bond funds in just one month, flipping the script on an increasingly volatile stock market. This surge represents a critical shift that reflects investor sentiments amid heightened uncertainty fueled by evolving economic policies and geopolitical
In a stunning turn of events that marks a potential watershed moment for the entire cryptocurrency landscape, the U.S. Securities and Exchange Commission (SEC) has officially halted its relentless pursuit of Ripple Labs. After an arduous four-year legal conflict, Ripple announced that the SEC had dropped its lawsuit—initially filed under Jay Clayton’s leadership. This suit
In the world of finance and economic policy, uncertainty is often a lurking specter that haunts decision-makers and impacts businesses at every level. Recently, Austan Goolsbee, President of the Chicago Federal Reserve, illustrated this concern during an interview on CNBC, revealing a precarious sentiment brewing among businesses in his region. While Goolsbee maintains a guarded
The technology landscape is evolving at breakneck speed, and amidst this whirlwind, one startup, Perplexity AI, stands at the center of discussions regarding the future of artificial intelligence. With expectations to raise between $500 million and $1 billion at a staggering post-money valuation of $18 billion, Perplexity is undoubtedly riding the wave of the generative
In the competitive realm of human resources software, two rising stars, Rippling and Deel, have found themselves embroiled in a troubling legal battle. The San Francisco-based startup, Rippling, recently accused Deel of orchestrating a series of espionage activities that involved stealing trade secrets. According to Rippling’s lawsuit, a former employee of theirs—dubbed the “Deel spy”—was
President Donald Trump’s administration has painted an unpredictable economic landscape with its erratic tariff policies. As uncertainty looms, National Economic Council Director Kevin Hassett’s recent remarks on the future of tariffs suggest this chaos isn’t merely an inconvenience; it could potentially plunge the nation into economic turmoil. The consistent revisions and abrupt announcements surrounding tariffs
In today’s economic climate, the discourse around tariffs and their implications on the market has never been more resonant. As President Trump staunchly defends his aggressive tariff policies, the risks of recession loom larger than ever, shaking the confidence of even the most stalwart investors. The S&P 500, once a bastion of American economic strength,
Silicon Valley is undergoing a profound transformation thanks to the rapid advancement of artificial intelligence (AI), particularly at the crucial startup stage. As we find ourselves amidst an AI revolution, the environment for budding entrepreneurs is shifting dramatically. Companies like Y Combinator, a powerhouse in the startup accelerator space, are riding this wave and witnessing
In a world where nations are often tested by the whims of powerful leaders, Canada’s new Prime Minister Mark Carney has drawn a firm line in the sand regarding the sovereignty of his country. Shortly after assuming office, Carney bravely countered President Donald Trump’s outrageous suggestion that Canada could become the 51st U.S. state. Such