Business

Shilling’s Recession Alarm: Veteran Forecaster Sees 30% Stock Plunge as Consumer Ice Cracks
Gary Shilling doesn't mince words. A recession by year-end. Almost inevitable. Stocks could drop 30%. The former Merrill Lynch economist, who nailed the 2008 housing bust, laid...
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Iran War’s Oil Shock Tests Brazil’s Rate Cuts as Inflation Edges Higher
Brazil's central bank policymakers gathered in April, eyes fixed on distant battlefields. The U.S.-Israeli conflict with Iran, now grinding into its fourth month, had already sp...
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Berkshire’s $400 Billion Cash Fortress Signals Buffett’s Enduring Market Skepticism
Berkshire Hathaway's cash reserves have swelled to a staggering $397.4 billion at the end of the first quarter of 2026, marking the highest level in the conglomerate's history a...
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Coinbase Axes 700 Jobs for AI Overhaul as Crypto Slump Bites
Coinbase Global Inc. slashed 14% of its workforce—about 700 employees—on May 5, 2026, pinning the move on a crypto market downturn and artificial intelligence tools that let sma...
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Morningstar Chief Backs SEC’s Bold Bid to Slash Quarterly Filings, Citing Two-Decade Test Run
Morningstar CEO Kunal Kapoor knows quarterly earnings calls intimately. Or rather, he doesn't. His firm hasn't held one since its 2005 Dutch auction IPO. Now, as the SEC prop...
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Bowman’s Fraud Alarm: How Scams Are Infiltrating America’s Banking Core
Federal Reserve Vice Chair for Supervision Michelle Bowman issued a stark warning on Tuesday. Consumer fraud and scams now pose growing risks to the financial system itself. Nea...
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Claude Opus Powers CrowdStrike’s Falcon: AI Arms Race Reshapes Cyber Defenses
CrowdStrike Holdings Inc. just wired Anthropic's Claude Opus 4.7 into its Falcon platform. The move, announced April 30, speeds up vulnerability hunting and patching for cust...
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Iran War Shadows Wall Street Deals: JPMorgan Flags April M&A Slump as Clients Hit Pause
Wall Street's dealmakers hit a snag last month. JPMorgan Chase & Co.'s top executive for mergers and acquisitions called April a “challenging” period, pinning the blame on ge...
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Anthropic’s Finance Agents Target Wall Street Workflows, Sparking Vendor Selloffs and Adoption Rush
Anthropic PBC rolled out ten ready-to-use AI agent templates for financial services on Tuesday, equipping Claude with tools to handle pitchbook creation, valuation reviews, mont...
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$100 F-150 Fill-Ups Signal Consumer Squeeze as Gas Hits $4.48, Spotlighting EV Edge
America's top-selling vehicle just crossed a painful milestone. Filling the Ford F-150's 23-gallon tank now tops $100 at the national average gas price of $4.483 per gallon,...
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Powell’s Warning: Why 4.3% Unemployment Masks a Job Market Frozen in Stasis
Federal Reserve Chair Jerome Powell stepped to the podium for what he called his last press conference as Fed chief, and his words cut through the official statistics like a col...
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Buffett’s Five-Minute Deficit Fix: Congress’s Re-Election on the Line, Backed by Musk and Mounting Fiscal Pressures
Warren Buffett, the investor who built Berkshire Hathaway into a $1 trillion powerhouse, once claimed he could wipe out the U.S. federal deficit in five minutes flat. No spendin...
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IMF Sounds Alarm: Middle East War’s Drag into 2027 Could Spike Oil to $125 and Derail Global Growth
Inflation is picking up. Oil prices hover near $100 a barrel. And now, IMF Managing Director Kristalina Georgieva has issued a stark warning: If the Middle East war stretches...
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Boardroom AI Clash: CEOs Brake as Directors Push the Gas on Fast-Track Rollouts
Sixty-one percent of CEOs say their boards are rushing artificial intelligence transformation. That's the stark finding from Boston Consulting Group's new survey of 625 busin...
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Zoom Poaches Microsoft Teams Veteran to Fuel AI Workflow Push Amid Stock Surge
Zoom Video Communications shares have climbed nearly 30% in the past month. Investors eye fresh momentum. The catalyst? A high-profile hire and overlooked assets coming into foc...
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