Latest News, Updates & Breaking Headlines
File: Canada Prime Minister Mark Carney (Adrian Wyld/The Canadian Press via AP) The Canadian economy unexpectedly contracted in the first quarter of the year, marking two consecutive quarters of annualized decline and triggering debate among economists over whether the country has entered a technical recession. According to data released by Statistics Canada on Friday, May…
During a 2020 podcast conversation with Lewis Howes, early in the COVID‑19 crisis, Kiyosaki broke people into three categories: fragile, robust, and “antifragile.” The fragile are like glass—when the economy hits them, they break. The robust are like rocks; they endure the blows but don’t really grow from them. The antifragile, however, are the ones…
Elon Musk predicts a significant economic boom for the US, forecasting double-digit GDP growth within 18 months, driven by advancements in artificial intelligence. He believes AI will act as a productivity proxy, potentially leading to triple-digit growth in five years. This optimistic outlook contrasts with concerns about wealth disparity and economic risks. Tesla CEO Elon…
File photo: Nvidia CEO Jensen Huang (Picture credit: AP) Nvidia CEO Jensen Huang struck a dramatic tone during a recent town hall meeting with the employees. During the town hall, Huang told the employees that the company’s performance has become so critical to the global economy that ‘the only thing standing between America and recession…
File photo: US treasury secretary Scott Bessent (Picture credit: AP) US treasury secretary Scott Bessent has insisted the United States is not heading for a recession in 2026, expressing strong confidence that President Donald Trump’s tariff strategy and new trade agreements will bring economic relief over the next year. Speaking to NBC News’ Meet the…
Amazon founder Jeff Bezos has once again issued one of his starkest warnings yet about the global economy. Bezos has urged the consumers and businesses to postpone their large purchases as the fear of recession is mounting. Speaking to CNN’s Chole Melas in an interview, Bezos has cautioned that the coming months could bring prolonged…
FILE – President Donald Trump, left, shakes hands with China’s President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka. AP/PTI(AP10_13_2025_000160B) US Treasury Secretary Scott Bessent has accused China of attempting to undermine the global economy by imposing export controls on critical rare earth minerals and resources essential for technology…
Mark Zandi, chief economist at Moody’s Analytics feels that the US economy may be teetering on the edge of recession. In an interview with Business Insider, Zandi revealed that the combination if policy missteps and speculative market behaviour including the rise of meme assets like Dogecoin (DOGE)—as key contributors to the slowdown. “The reason why…
