White House hails the end of the supply chain nightmare

cnn.com White House officials on Thursday hailed the unclogging of supply chains and suggested that further easing of bottlenecks will help cool inflation. The one-two punch of the…

The housing market looks bad

finance.yahoo.com Americans overall are feeling worse about the housing market — unless, of course, you’re trying to sell your home. Fannie Mae’s index measuring housing sentiment decreased…

A new wave of mass migration has begun

economist.com L 1.2m people moved to Britain—almost certainly the most ever. Net migration (ie, immigrants minus emigrants) to Australia is twice the rate before covid-19. Spain’s…

The stock market's new normal is a future of neverending chaos

finance.yahoo.com Wall Street's insistence on clinging to the past is about to screw over a lot of investors Wall Street desperately wants the stock market to go back to the good ol' days.…

How deep is the rot in America’s banking industry?

economist.com B confidence trick. Financial history is littered with runs, for the straightforward reason that no bank can survive if enough depositors want to be repaid at the same time.…

With the debt ceiling over, here's the next problem for investors: Morning Brief

aol.com The tentative debt ceiling deal between President Joe Biden and Speaker Kevin McCarthy is a much welcomed way for investors to return from the Memorial Day holiday weekend.…

'No wiggle room': Why more young Americans are falling behind on auto loan payments

aol.com More young Americans are late to paying their car loans – approaching levels not seen since the Great Recession, according to a report from the New York Fed. In the last…

Will the recent banking chaos lead to an economic crash?

economist.com H things change. Not long ago analysts thought the global economy was powering ahead; now they worry about a deep recession caused by fallout from the banking turmoil. “From…