STATEN ISLAND, NY – The Staten Island Economic Development Corporation held a public discussion at the Grand Oaks Country Club on the US economy and its impact on Staten Island, with an official from the Federal Reserve Bank of New York. The conference, chaired by SIEDC President, Michael Cusick, brought together business leaders, financial advisors … Read more
Market_Recon_TSP1_KL “A true leader always has something mysterious, which others cannot understand, but which keeps his people happy and breathing.” – President Charles de Gaulle of France Take it twice Your favorite businessman, investor, economist, infantry NCO, hockey player and financial writer are enjoying a meal with someone special on Monday evening. He passed Wawa … Read more
A growing number of Americans are looking for the worst. A recent survey conducted by YouGov found 42% of Americans believe that the country will experience a “complete economic collapse” in the next ten years, while more than a third think that a civil war is likely (1). That level of pessimism reflects a broader … Read more
Market Bottoms The S&P 500 is looking to start in a positive position for the second day in a row, but the market’s biggest problem remains the same: investors are using energy to limit positions. Trump News That Influenced the Future This morning’s hope is due to a Wall Street Journal report that President Trump … Read more
Recently, an anonymous Reddit user asked, “What industry is built entirely on a house of cards and would collapse overnight if people realized the truth about it?” People had a lot of shocking (and scary!) answers to share. Here are some of the most interesting comments: 1. “Traveling kids sports industry. $3,000+ a year so … Read more
NEW YORK — US gas prices rose above an average of $4 a liter for the first time since 2022 on Tuesday as the war in Iran pushed up global fuel prices. According to the AAA motor group, the national average for a gallon of regular gasoline is now $4.02 – a dollar more than … Read more
Item 1 of 5 Shoppers walk along Regent Street in London, Britain, May 15, 2025. REUTERS/Maja Smiejkowska/File Photo [1/5]Shoppers walk along Regent Street in London, Britain, May 15, 2025. REUTERS/Maja Smiejkowska/File Photo Purchase Licensing Rightsopens a new tab UK GDP confirmed at +0.1% in Q4 The Iran war is expected to be a major concern … Read more
India’s crude inventories fell sharply in March, falling 33% to 8.31 million barrels. (AI image) Impact of US-Iran war: Indian diesel prices rose 20% in March amid the ongoing Middle East conflict. A widening gap between crude oil prices and refined diesel prices led India to raise diesel imports by nearly 20% month-on-month in March, … Read more
(This was originally published in the India File newsletter, which is delivered every Tuesday. Subscribe here to get the latest news from India and its relevance to the world.) Battered by outflows, oil fears from the Iran war and faltering investor confidence, the Indian rupee is closing the fiscal year with its worst annual performance … Read more
Item 1 of 2 A worker works on the Nio electric vehicle production line at the JAC-NIO production plant in Hefei, Anhui province, China August 28, 2022. China Daily via REUTERS/File Photo [1/2]A worker works on the Nio electric vehicle production line at the JAC-NIO production plant in Hefei, Anhui province, China August 28, 2022. … Read more