Author: Global Desk

A Divided Economy Nearly half of all U.S. states are now either in recession or teetering on the edge, according to Moody’s Analytics chief economist Mark Zandi. While national figures may still show slow growth, the picture at the state level tells a very different story — one of deep regional inequality and growing economic strain. Zandi describes the situation bluntly: “Roughly half of the country is hanging on by its fingertips.” His analysis paints an increasingly fragmented national economy, where some states are still expanding, while others are shrinking under the weight of inflation, high interest rates, and weakening…

In a stunning display of audacious risk-taking, a trader who reportedly indulges in a taste for Ferraris has left Wall Street reeling after a single $2.6 billion bond trade went spectacularly wrong. The bet, leveraged at 11,000-to-1, has ensnared some of the world’s most prominent banks, including Citigroup and MUFG, and is now at the center of a high-profile London lawsuit, highlighting potential lapses in client oversight and risk management. The trade, executed earlier this year, targeted European sovereign and corporate bonds with the trader apparently betting on a market anomaly that would yield enormous returns. While details of the specific securities remain confidential, insiders describe…

The U.S. president’s ambitious pursuit raises eyebrows in Norway and fuels speculation about international tensions. President Donald Trump has once again stirred controversy, this time with his public pursuit of a Nobel Peace Prize, describing the potential denial as “a big insult” to the United States. The president’s remarks have not only ignited debate within U.S. political circles but have also raised eyebrows in Norway, home of the Nobel Committee, where some officials quietly express concern about possible diplomatic fallout. Trump’s Unconventional Campaign for Peace Recognition Unlike traditional nominees, Trump has aggressively promoted his peace-related achievements, from brokering Middle East negotiations to advancing U.S.-led multilateral…

Across the globe, Gen Z is taking to the streets, demanding change and challenging entrenched political and economic elites. From the bustling streets of Casablanca to Jakarta’s crowded squares, young people are mobilizing in unprecedented numbers, driven by frustration over inequality, unemployment, and lack of opportunity. Analysts say this surge of activism signals a generational shift with potentially lasting political consequences. A Rising Tide of Global Discontent The current wave of protests, fueled by social media activism and global connectivity, reflects deep dissatisfaction among young people who feel excluded from decision-making. In Morocco, thousands of students and young workers rallied against rising living costs, limited job prospects, and…

Wall Street is brimming with optimism, with investors driving the S&P 500 to new heights in a rally that many analysts are now describing as entering a “manic” phase. Despite lingering economic uncertainties, record corporate earnings, and expectations of an upcoming Federal Reserve rate cut, bullish sentiment is fueling one of the most intense buying frenzies seen in recent years. The S&P 500 Surge Over the past few weeks, the S&P 500 has posted consistent gains, with tech and growth stocks leading the charge. Analysts point to several key drivers behind the rally: Market sentiment has reached levels reminiscent of past periods…

Amazon has agreed to pay a record $2.5 billion settlement over allegations of deceptive practices tied to its Prime membership program. On paper, the deal is being described as “historic,” both for its size and its implications for consumer protection in the digital age. But scratch beneath the headlines, and it becomes clear that Amazon may have gotten off far easier than it appears. For a company that generates more than $575 billion in annual revenue, the settlement amounts to less than 0.5% of sales—hardly a material hit. For critics, the case reflects a broader pattern: Silicon Valley giants facing eye-catching fines that make…

Steve Harvey, one of America’s most recognizable comedians, television hosts, and entrepreneurs, has become a living testament to the power of resilience, persistence, and savvy financial management. His rise from sleeping in his car while living on $50 a week to amassing a fortune in the multimillions is as inspiring as it is instructive. Yet, Harvey emphasizes that making money is difficult—but keeping it is even harder. Early Struggles and Humble Beginnings Born in West Virginia and raised in Cleveland, Ohio, Steve Harvey’s path to success was far from glamorous. He experienced poverty firsthand, often living paycheck to paycheck and even enduring periods…

JPMorgan Chase CEO Jamie Dimon has issued one of his starkest warnings yet about America’s fiscal health, arguing that while President Donald Trump’s drive to cut waste and streamline government operations may help, it will not be enough to prevent a looming debt crisis. Speaking at a business forum in New York, Dimon said the United States is drifting toward a debt-to-GDP imbalancethat could threaten both domestic stability and global financial leadership. “Like most problems, it’s better to deal with it than let it happen,” Dimon said, warning that the costs of inaction would only compound over time. Efficiency Is Not…

Artificial intelligence (AI) may soon play a transformative role in combating climate change, according to Amazon’s sustainability chief and a leading climate scientist. Far from being just a tool for business efficiency or consumer convenience, AI could become a cornerstone in the global effort to reduce emissions, optimize energy usage, and monitor environmental impacts in real time. AI’s Climate Potential During a recent panel discussion on technology and sustainability, Amazon’s sustainability director emphasized that AI is capable of analyzing vast datasets, predicting trends, and driving efficiencies in ways previously unimaginable. From reducing waste in supply chains to optimizing renewable energy deployment, the technology could…

David Ellison, the newly appointed head of Paramount, has inherited a company at the center of one of the most challenging eras in modern media. While Ellison successfully navigated a major merger to consolidate Paramount’s assets, transforming the studio into a resilient, forward-looking powerhouse will require both strategic vision and deft political navigation. A Merger Achieved, But Challenges Remain Ellison’s first major victory came in the form of a high-profile merger, giving Paramount increased scale and new creative and distribution capabilities. The move was hailed as a necessary step to compete with streaming giants like Netflix, Disney+, and Amazon Prime…