Risk of a global recession is minimal, IMF economist says — would take 'a lot to derail'
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Stocks may rise into the summer. These 3 risks could derail the rally.
Given how stocks have reacted to the latest flurry of mixed economic data, a summertime rally feels almost inevitable. Still, investors would be remiss not to consider the myriad risks that could possibly derail it.MarketWatch - Business -
Why an uncertain world needs to take on more risk
Scarring from a series of shocks generates a defensive mindset that is holding back growthFinancial Times - World -
A Global Tax on Billionaires? Janet Yellen Says 'No'
The Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax.The Wall Street Journal - World -
Rents just surged 10% in this affordable housing market. It was ‘bound to happen,’ one economist says.
Renters are swapping high-cost cities with expensive rentals for more affordable markets, a Redfin report found.MarketWatch - Business -
Global Economy Will Grow More Than Expected, U.N. Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - Business -
Pope Francis says "the globalization of indifference is a very ugly disease"
In a rare interview, Pope Francis answers questions on global conflicts in Ukraine and Gaza, migrants in the U.S., sexual abuse in the church, and more during a conversation with Norah O'Donnell.CBS News - Top stories -
Steelers RB Najee Harris motivated to 'prove a lot of people wrong' in 2024, trainer says
Harris has made several changes this offseasonCBS Sports - Sports -
Jamie Dimon says JPMorgan stock is too expensive: 'We're not going to buy back a lot'
JPMorgan Chase has seen its shares surge 40% over the past year, reaching a 52-week high on Monday before Dimon's comments dinged the stock.CNBC - Business -
Airbnb carbon monoxide detector mandate would be ‘very hard,’ CEO says
Airbnb CEO Brian Chesky said the company is working to address customer complaints and safety issues but that there are limitations on what it can do to keep customers safe from issues like carbon monoxide poisoning.NBC News - Top stories -
Marco Rubio says he would not accept 2024 election results ‘if it’s unfair’
Republican senator’s comments come as he is considered among Trump’s top candidates for vice-president. The Republican Florida senator Marco Rubio said on Sunday he would not commit to accepting the 2024 presidential election results, insisting ...The Guardian - World -
Salman Rushdie says a Palestinian state formed today would be ‘Taliban-like’
Novelist, who teaches at New York University, says he finds it strange that progressive students currently ‘kind of support a fascist terrorist group’. Salman Rushdie has said that the formation of a Palestinian state “right now” would mean a ...The Guardian - World -
Experts say coral reef bleaching near record level globally because of 'crazy' ocean heat
Scientists say temperatures that have gone “crazy haywire” hot, especially in the Atlantic, are close to making the current global coral bleaching event the worst in historyABC News - Tech -
Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says
The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."CNBC - Business -
Trump says he would have 'no problem' debating RFK Jr. if he qualifies
In an interview with WTMJ's Charles Benson, former President Trump said he would have "no problem" with Robert F. Kennedy Jr. joining the presidential debates if he were to qualify.NBC News - Politics - Donald Trump -
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Economists forecast $500bn annual hit from new Trump tariffs
Peterson Institute says poorest Americans will suffer most if Republican wins election and raises levies as promisedFinancial Times - World - Donald Trump -
America Hits the Global Snooze Button
In an increasingly alarming world, the West can’t afford to rest for much longer.The Wall Street Journal - World -
Suspended Argonauts QB Chad Kelly withdraws from camp, citing desire to minimize distractions
Suspended Toronto Argonauts quarterback Chad Kelly said he will withdraw from training camp and hopes to “learn, grow and better myself” through counseling after his suspension by the leagueABC News - Sports -
Take these two simple steps to get wealthier, says finance guru Dan Solin
‘Wealthier’ offers a deceptively simple way to avoid meme-stock distractions and other investing mistakesMarketWatch - Business -
Democratic Senate campaign chair Sen. Gary Peters says he takes polls "with a grain of salt"
Sen. Gary Peters of Michigan, the chair of the Democratic Senate Campaign Committee, tells "Face the Nation" that he believes Democrats can be elected to the Senate from Arizona and Florida. "I take every poll with a grain of salt," Peters said.CBS News - Top stories -
Taiwan’s new president takes office and calls on China to cease hostile actions
Lai Ching-te uses inauguration speech to push for peace in the region and says future of Taiwan important to future of the world. Lai Ching-te has been sworn in as Taiwan’s new president, urging China to “cease their political and military ...The Guardian - World - China -
Dalvin Cook is 'taking calls', says he's still 'got it all' despite not securing a deal in free agency
Cook did not see much playing time in 2023CBS Sports - Sports -
The Morning Risk Report
U.S. blocks imports from 26 more Chinese companies over forced labor concerns, and the U.S. pitches deal to ease sanctions on Israeli businessman in a quest for metals. Also, Microsoft asks hundreds of China-based AI staff to consider relocating ...The Wall Street Journal - World -
Are the Risks of Marijuana Overhyped or Undersold?
‘The psychiatric hospitals I oversee are consistently occupied by patients suffering from complications due to cannabis.’The Wall Street Journal - World -
The Morning Risk Report
Binance gets two compliance monitors in settlements with U.S. authorities, and JPMorgan's Jamie Dimon led bank CEOs to fend off tougher capital rules. Also, the U.S. fears undersea cables are vulnerable to espionage from Chinese repair ships.The Wall Street Journal - World -
Slow: the Lithuanian asexual romcom that raises ‘a lot of questions’
Marija Kavtaradze’s new film is a love story with a truly radical approach to intimacy. She reveals how she made a will they/won’t they tale that strays into little-known territory. They meet cute in a dance rehearsal studio. She’s a contemporary ...The Guardian - World -
Top 20 Global Concert Tours from Pollstar
AP Global Top 20 Pollstar Week of 05/20/24ABC News - Entertainment -
As American global hegemony ends, multi-alignment rises
Unlike the rigid alliances of the Cold War, multi-alignment involves a strategic flexibility that empowers nations to navigate the complexities of a multipolar world.The Hill - Politics -
Gold's Global Rally Is Sparking a New Investor Class
Gold is hitting record highs— bucking long held trends for the commodity. WSJ breaks down the factors behind its rally and why that’s bringing in a new class of investors.The Wall Street Journal - World -
Britain risks throttling a golden goose
By restricting student visas, the UK is endangering its world-class university sectorFinancial Times - World - United Kingdom -
Agents of manipulation (the real AI risk)
Artificial agents will make our lives better. At the same time, these superpowers could easily be deployed as agents of manipulation.VentureBeat - Tech -
Scientists Calculated the Energy Needed to Carry a Baby. Shocker: It’s a Lot.
In humans, the energetic cost of pregnancy is about 50,000 dietary calories — far higher than previously believed, a new study found.The New York Times - Health -
Will an antitrust settlement actually settle college sports? Lots of questions remain
A settlement worth more than $2.7 billion could be reached next week. But plenty of questions regarding implementation will remain.ESPN - Sports -
‘I did a lot of yelling’: Tom Burke on socks, controversy and Mad Max
Yes, there were more flame-throwers, but working on Furiosa was pretty similar to starring in Joanna Hogg’s The Souvenir, says the actor. So how does he duck the crossfire that comes with playing JK Rowling’s Strike?. When Tom Burke was cast in ...The Guardian - World -
On a Hollywood studio lot, a new New York comes to life
As a legendary New York City set on Fox Studios' backlot aged, a new one was needed. The set is the centerpiece of a movie studio that is itself a leading character in Hollywood lore.Los Angeles Times - Entertainment - New York -
Kirk Cousins on investigation into alleged tampering by Falcons: 'There's not a whole lot there'
Two of the most high-profile signings remain under investigationCBS Sports - Sports -
Desperate Biden must debate to win — but there are risks
Trump’s campaign has to guard against dirty tricks.The Hill - Politics - Joe Biden -
Steelmakers warn ministers that UK faces dumping risk
Plans to bring in carbon tax a year after EU will see shipments ‘diverted’ to Britain, industry saysFinancial Times - World - United Kingdom -
Prosecuting Netanyahu Has Risks for International Criminal Court
U.S. support for the ICC, which grew with the Ukraine investigation, is collapsing after prosecutor Karim Khan targets Israeli leaders.The Wall Street Journal - World -
Honor of Kings gets a global rollout on June 20 on mobile
TiMi Studio Group and Level Infinite, both divisions of Tencent, have confirmed that Honor of Kings will have a global roll-out on June 20.VentureBeat - Tech