Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stock futures are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its … Read more

Petro and Colombia’s Rule of Law

Former M-19 rebel Gustavo Petro won Colombia’s runoff presidential election Sunday with 50.5% of the vote. His opponent, businessman Rodolfo Hernandez, received 47.3%. The rest of the votes were either intentionally blank or annulled by electoral authorities. With nearly half of all voters declining to endorse Mr. Petro, there is no mandate for radical change. … Read more

Sweden’s Kurds face anxious time as country seeks NATO membership

Gothenburg, Sweden CNN – At the Kurdish Fine Arts Association on the outskirts of Gothenburg, Nawzad Bahir and his neighbors were preparing for their summer carnival. “It’s our local highlight; a chance to celebrate our culture, ”Bahir beamed, before conceding that the celebrations felt bittersweet this year, now that Sweden’s Kurdish community has found itself … Read more

Texas A & M’s Unreported Foreign Funding

Intellectual property theft and economic espionage by foreign governments have become major problems at US colleges and universities. That’s why federal law requires colleges to report foreign-sourced gifts and contracts worth at least $ 250,000 in a calendar year. The Education Department in 2019 launched an investigation into foreign funding at several prominent American institutions … Read more

Texas A & M’s Unreported Foreign Funding

Intellectual property theft and economic espionage by foreign governments have become major problems at US colleges and universities. That’s why federal law requires colleges to report foreign-sourced gifts and contracts worth at least $ 250,000 in a calendar year. The Education Department in 2019 launched an investigation into foreign funding at several prominent American institutions … Read more

Europe is making it much harder for Russia to ship oil anywhere

London CNN Business – The European Union’s embargo on 90% of the oil it imports from Russia is the toughest punishment it’s inflicted on the Kremlin since President Vladimir Putin ordered the invasion of Ukraine. But a smaller part of the latest sanctions package could prove just as significant. A ban on insuring ships carrying … Read more

Top Palestinian envoy to Israel says cooperation has limits

RAMALLAH, West Bank – Hussein al-Sheikh, a senior Palestinian official increasingly seen as a successor to the 86-year-old President Mahmoud Abbas, says relations with Israel have gotten so bad that Palestinian leaders cannot go on with business as usual. But even if they are serious this time around, they have few options. And they appear … Read more

Biden to visit Saudi Arabia after a stop in Israel, determining it’s time to engage kingdom he once called a ‘pariah’

CNN – President Joe Biden will visit Saudi Arabia next month, the White House announced Tuesday, a foreign policy trade-off that completes the reversal of his campaign pledge to make the kingdom a “pariah.” The trip, set for mid-July, will also include Biden’s first stop in Israel as President as well as a visit to … Read more

The S&P 500 is clinging to a key support level after Friday’s meltdown, here’s what happens if that fails

Last week’s shock US inflation number continues to tear through markets, with dip buyers seemingly in hiding. Hardest hit Nasdaq-100 futures are down 3%. Investors are now focused squarely on Wednesday’s Fed outcome, with expectations the central bank may need to do something bold, driving even more anxiety out there. The aftermath of Wall Street’s … Read more