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News Headlines
Artemis II reignites deep-space travel. Will it also boost a lunar economy? csmonitor.com
The Artemis II crew made history Monday, reaching the farthest distance humans have ever traveled from Earth. NASA and its commercial partners aim to also pioneer a new space economy through the Artemis missions.
Source: csmonitor.com
Trying to buy or sell a home in today’s economy? We want to hear about it cnn.com
Economic Warnings From Nobel Laureate Joseph Stiglitz barrons.com
The economist has long been worried about deindustrialization. Now he is also concerned about the impacts from tariffs, the Iran war, and AI.
Source: barrons.com
U.S. economy in worse shape than headlines suggest: Portfolio manager cnbc.com
Michael Green, Portfolio Manager at Simplify Asset Management, says that the latest U.S. non-farm payroll data does not account for the birth/death adjustment. He explains that the actual data is likely an inverse of what the job report showed.
Source: cnbc.com
Iran war: India’s high-growth economy gets a Middle East oil shock bbc.com
India’s currency, stocks and growth projections take a beating as the country faces a triple energy shock due to Iran war.
Source: bbc.com
Yuan to Dodge Seasonal Slump on Iran War Resilience, Economy bloomberg.com
China’s yuan is poised to defy its typical second-quarter slump as the nation’s resilience to the Iran war and a burgeoning economic recovery offset seasonal pressures.
Source: bloomberg.com
ICYMI: Bloomberg News: How California’s economy dominates in the Gavin Newsom era gov.ca.gov
Source: gov.ca.gov
As Iran’s civilian economy crumbles, its military economy grows stronger economist.com
Top Fed official sees potential rate hike amid higher gas prices, inflation concerns pbs.org
A top Federal Reserve official said Monday that an interest rate hike could be appropriate if inflation remains persistently above the central bank’s 2% target, the latest sign that some policymakers are moving away from a bias toward reducing borrowing costs.
Source: pbs.org
The upper middle class is now the largest income group in the U.S., study finds cbsnews.com
Source: cbsnews.com
U.S. lawmakers visiting Cuba denounce effects of ‘economic bombing’ under energy blockade pbs.org
Two U.S. lawmakers are calling for a permanent solution to Cuba’s crises after witnessing the effects of a U.S. energy blockade during an official visit.
Source: pbs.org
NYC’s top economic agency still leaderless under Mamdani. Business leaders are worried. gothamist.com
Mayor Zohran Mamdani is approaching 100 days in office. He still hasn’t found someone to run the city’s Economic Development Corporation.
Source: gothamist.com
US lawmakers visiting Cuba denounce island’s ‘economic bombing’ under energy blockade abcnews.com
JPMorgan CEO Dimon: Iran war could reignite inflation and keep Fed rates higher for longer washingtonpost.com
JPMorgan Chase CEO Jamie Dimon warns that a resilient U.S. economy could face renewed inflation pressures if the war in Iran disrupts global energy markets
Source: washingtonpost.com