Market veteran Howard Marks says Fed is ‘not going back’ to ultra-low rates

The Federal Reserve will not bring interest rates back down to their post-financial crisis lows, according to veteran investor Howard Marks — and he believes that’s a good thing. “The U.S. economy is doing quite well, and so it’s not clear that it requires stimulus,” Marks told CNBC’s Frank Holland on Tuesday. The current federal … Read more

‘Trying not to die’: Tourism operators loaded with debt despite rising demand

Maureen Gordon has weathered hard times before. She and her husband began running ecotourism outfit Maple Leaf Adventures out of Vancouver about a month before the 9/11 terrorist attacks devastated international travel in 2001. The rebound was relatively quick. Fallout from COVID-19 has proven much more prolonged. “The pandemic of course was incredibly tumultuous and … Read more

JetBlue shares tumble after airline lowers 2024 revenue outlook

Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands.  Nicholas Economou | Nurphoto | Getty Images JetBlue Airways shares tumbled more than 10% in premarket trading on Tuesday after … Read more

‘Arrogant billionaire’: Australia, Musk in war of words over censorship | Social Media

Elon Musk and Australian Prime Minister Anthony Albanese clash over order to remove X posts on church stabbing. Australia and Elon Musk have escalated their war of words over censorship after an Australian court ordered social media platform X to remove footage of a church stabbing. An Australian judge on Monday ruled that X must … Read more

Exclusive | ‘Reform and opening up are not dead’, but today’s China ‘looks risky’: veteran observer David Lampton

Deng Xiaoping reflected his personal experience in the Cultural Revolution and earlier experience in Europe, and all this was reflected in the manner in which he promoted his policies. Then, president Jiang Zemin came along and not only reflected his experience in the Soviet Union but also his exposure to Western-style thinking in his youth … Read more

Unclaimed Baggage sells items in lost luggage at steep discounts

Live snakes, a mounted ram head, a Halloween card signed by Richard Nixon. Those are some of the most fascinating items found in lost luggage in 2023, according to a new report by Unclaimed Baggage, a store that buys lost items from airlines, sight unseen. The company also found a 13-foot vaulting pole, gruesome props … Read more

Volatile global conditions cast shadow over budget

Heightened tensions in the Middle East and fears over China’s economic downturn have led Australia to make cuts to its international economic forecasts, with Treasurer Jim Chalmers warning of a “fraught and fragile” global outlook ahead of the May budget. The budget has upgraded forecasts for China’s GDP growth to 4.25 per cent in 2024, … Read more

‘Children of the Ganges’ – The mallah community of India’s Varanasi | Workers’ Rights

Varanasi, India – “Hum paani ke jeev hain. We are creatures of water,” says 29-year-old Vishwakarma Sahni. Sahni belongs to Varanasi’s community of approximately 8,000 mallah, the boatmen whose lives are deeply intertwined with the Ganges – a river considered sacred in India and which they hold in profound reverence. To them, the Ganges is … Read more

Would the Fed really hike rates? This is what would have to happen

Though it was unthinkable just a short time ago, the question of what it would take the Federal Reserve to raise interest rates further is gaining increasing attention. The answer isn’t very complicated: In short, it would take not only a significant bump in prices but also a change in consumer and business expectations. Even … Read more