Dollar Dominance: Rising Debt Threatens the Buck, Blackstone CEO Says
The dollar could come under threat if the government doesn't "keep some discipline," the Blackstone CEO said after Fitch's downgrade.
Source: businessinsider.com
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Stock Market Outlook: Rate Hikes on the Cards Due to Strong Jobs Numbers
Wages are still rising fast and that could push inflation back up, forcing the Federal Reserve to tighten some more.
Source: businessinsider.com
China Is Telling Economists Not to Discuss Deflation: FT
Beijing is discouraging economists from discussing deflation, slumping growth, or falling foreign direct investment, according to the Financial Times.
Source: businessinsider.com
Panama Canal Water Level Falls in Drought, Limiting Ship Traffic
Dry weather in Panama has forced officials to limit the number of ships that can get through, eating into the revenue it can generate.
Source: businessinsider.com
Bitcoin's Finally Trading Like Gold, Because Nobody Cares About Crypto
Investors fled digital assets after a nightmarish 2022, and the largest token by market capitalization now trades way below its record high.
Source: businessinsider.com