Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial crisis, suggested Federal Reserve Chair Jerome Powell was irresponsibly dovish at last week’s policy meeting by creating “irrational exuberance” among investors. “The focus still needs … Read more
LOS ANGELES — One of the highest-profile video game conventions is being shut down permanently, its organizers said Tuesday. The Electronic Entertainment Expo, known as E3, had been held annually in Los Angeles since 1995 and was a popular spot for game companies to tease their latest creations before they hit store shelves. The event … Read more
One senior government science adviser referred to Sunak in a message to colleagues at the time as “Dr. Death.” COVID campaigners and families of those who died during the pandemic hold placards outside COVID Inquiry at Dorland House, where British Prime Minister Rishi Sunak is giving evidence, in London, Monday, Dec. 11, 2023. (AP Photo/Frank … Read more
NEW YORK — Health officials on Friday released the first nationally representative estimate of how many U.S. adults have chronic fatigue syndrome: 3.3 million. The Centers for Disease Control and Prevention’s number is larger than previous studies have suggested, and is likely boosted by some of the patients with long COVID. The condition clearly “is … Read more
The author behind the best-selling book “The Psychology of Money” is trying to relieve investor anxiety over market downturns. “Realizing how inevitable it is makes it more palatable to deal with when you go through it,” author and behavioral finance expert Morgan Housel told CNBC’s “ETF Edge” recently. It’s one of the major themes in … Read more
