Dr. Doom sounds more like Dr. Boom these days, but Nouriel Roubini still sees plenty of risks looming over the US economy. The economist, who’s often referred to as “Dr. Doom” for his bombastic and frequently bearish predictions in markets, laid out his top fears about the macro environment speaking to Bloomberg this week. Roubini,
ASHEVILLE, N.C. — Treasury Secretary Scott Bessent says he’s urging some of his G20 counterparts to take a page from the Trump administration’s playbook of using tariffs and other measures to crack down on trade imbalances. Bessent told reporters that he had warned other nations at the beginning of President Donald Trump’s second term that
BANGKOK — Shares were mostly lower in Asia and U.S. futures also declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged about 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month. The Trump administration just
For nearly three decades, 59-year-old Eileen Munoz spent her workdays in a cubicle. To her, the tiny confined desk came to represent everything she felt about her 9-to-5 career in insurance: stuck. The most she ever made in a year was $70,000, and she eventually became so burnt out that she would cry on Sundays
Iranian President Masoud Pezeshkian acknowledged his country’s economic woes amid pressure from the U.S., which is strangling its trade while protecting other countries’ ships carrying oil through the Strait of Hormuz. Recent weeks have seen Tehran lose leverage over the critical energy chokepoint as traffic picks up, especially via a southern route along Oman’s coast.
The thought of a billionaire’s lifestyle may conjure up images of Great Gatsby mansion-buying and jet-setting at the drop of a hat. But the life of an heiress with the wealth of two multibillion-dollar American businesses looks a lot different. Mitzi Perdue was born into the Sheraton hotel family, and at just the age of