With public debt at 100 percent of GDP economists warn the US has far less fiscal headroom to respond to energy-driven stagflation than it did during the 1970s.
Tag: Business
Kevin Warsh Takes Oath as New Federal Reserve Chairman Amid Iran Energy Crisis
New Federal Reserve Chairman Kevin Warsh was sworn in on May 22 immediately facing the challenge of managing inflation fuelled by the ongoing US-Iran conflict.
Bitcoin and Crypto Markets Steady as Geopolitical Risks Dominate Investor Attention
Cryptocurrency markets held broadly steady as investor focus shifted to geopolitical risk around the Iran deal and Ebola outbreak rather than crypto-specific catalysts.
Dow Jones Industrial Average Stands at 50579 as US Stocks Eye Positive Week
The Dow Jones index was at approximately 50,579 as the week ended with markets positioned for gains driven by Iran ceasefire optimism and strong early 2026 economic data.
US Private Payroll Growth Surged to 2.5 Times 2025 Monthly Average in Q1 2026
Treasury data shows average monthly private-sector payroll growth in Q1 2026 reached more than two and a half times the pace recorded throughout 2025.
Qualcomm Stock Pops as Investors Wake Up to AI Device Boom
Qualcomm shares rallied sharply as investor enthusiasm for the AI device cycle prompted analysts to upgrade their outlook for the chipmaker’s mobile AI chip business.
India’s Total Startup Funding in 2026 Reaches $6.91 Billion Across 686 Equity Rounds by May
India’s startup ecosystem attracted $6.91 billion in equity funding across 686 rounds from January through May 2026 according to Tracxn data.
Two Top Walmart Executives Leave Company Under New CEO John Furner
Two senior Walmart leaders departed the retailer as new chief executive John Furner implements structural changes at the world’s largest retailer.
Home Depot Comps Finally Catch Lowe’s Opening Door for Stock to Rally
Home Depot reported comparable store sales that matched rival Lowe’s for the first time in years signalling a potential turning point for the home improvement giant’s stock.
IEA Forecasts Sharpest Global Oil Demand Contraction Since COVID-19 Pandemic in Q2 2026
The International Energy Agency revised global oil demand for Q2 2026 down by approximately 1.5 million barrels per day the steepest fall since the COVID-19 pandemic.