Indy100

A top economist has warned that a "crash of a lifetime" is due to occur in 2025.Harry Dent, a financial author and economist, has cautioned that we're in for a financial crash bigger than the Great Recession.Speaking to Fox News, Dent said the "everything" bubble has still not burst.“In 1925 to ‘29, it was a natural bubble. There was no stimulus behind that, artificial stimulus per se. So this is new. This has never happened,” Dent said on Tuesday. “What do you do if you want to cure a hangover? You drink more. And that’s what they’ve been doing.”“Flooding the...

Top economist predicts financial ‘crash of a lifetime’ within months

Wednesday features a one-two punch of news that starts in the morning with the pivotal consumer price index reading for May, and ends with the Fed's policy meeting in the afternoon. Economists expect CPI to show just a 0.1% increase from April, though that still would equate to an aggregate...

Fed meeting and inflation report both hit Wednesday, and the impact could be huge

Markets Insider

Trump's vows to carry out a major deportation campaign is a stagflationary threat, Adam Posen told Bloomberg TV. The think tank expert says this would lead to a manufacturing-centered recession. Adding to inflation risk are also Trump's trade proposals, as he pledges to lift tariffs. Donald Trump's vow to initiate...

Trump's pledge to deport the most US workers in history could trigger recession and an inflation spike, economist says

The Associated Press

WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates. After some persistently high inflation reports at the start...

Fed Chair Jerome Powell: US inflation is cooling again, though it isn’t yet time to cut rates

TheStreet

Here's what could happen to the U.S. economy next.

Wall Street analyst unveils startling prediction about the economy

New York Post

Talk to enough Wall Street executives and you come away with something very unsettling: No one knows what’s going to happen with markets and, by extension, the economy — and it’s scary. 

I know what you’re saying, these guys never really know what’s going on or they would have seen the 2007-08 financial crisis months before it happened. 

Truth be told, they did see it coming, but most were too terrified to say anything about it, while others, like hedge funders, didn’t want to draw attention to their market bets. 

No, this time is different. 

Market prognostications are all over the place...

Wall Street is going toward a straight free fall — no one knows what’s going to happen with the market

Georgia State

Masonville, NY

Five members of a Georgia family died in a plane crash in upstate New York, state police said in a news release Monday.

5 members of a Georgia family returning from a baseball tournament are dead after a plane crash in upstate New York

ARMs can offer temporary relief for homebuyers who want to avoid paying higher mortgage rates — however, they also come with risk.

Thousands of homeowners are about to get slammed with higher monthly payments

As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate.

‘I can’t get paid.’ Cyberattack affecting car dealerships brings chaos for sellers, buyers and workers

The company behind Donald Trump’s Truth Social just raked in a solid chunk of change. Trump Media & Technology Group on Tuesday said it took in more than $105 million through the cash exercise of warrants between June 20 and Monday, July 1. The company had previously said it expected to raise just $69.4 million from the warrants. If all the warrants covered by its registration statement are exercised for cash, Trump Media could eventually receive as much as $247 million.

Trump Media just got a $105 million cash infusion as it expects to keep losing money

Governments owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations.

The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming

The head of Gaza’s largest hospital has claimed he was repeatedly tortured during his seven months in Israeli detention, following his sudden release Monday, in a move that highlighted growing rifts in the Israeli establishment.

Senior Gaza doctor alleges ‘severe torture’ following release from Israeli detention as politicians clash over decision

The Trump Organization revealed plans Monday to develop a luxury Trump Tower in Saudi Arabia.

Trump Tower is coming to Saudi Arabia

Unexpectedly high inflation readings during the first three months of this year threw a wrench into the Federal Reserve’s plans to ease monetary policy. The data from April and May have been much more favorable. They have provided reassurance that inflation is indeed on a downward trajectory. This means that the Federal Reserve Open Market Committee (FOMC) will be in a position when it meets later in July to signal that it will soon start to ease policy.

Economics Watch: The Fed Gets the Inflation News It Has Been Waiting For

America's stimulus-fueled shopping spree looks just about over — and lower spending could be a signal that a consumer-led downturn is on the horizon, economic experts say. Consumers are finally starting to rein in their spending habits, which could weigh on the economy after a long period of robust spending has propped up economic growth over the past few years. Retail spending ticked 0.1% higher in May, but sales volume has dropped 1.3% year-over-year over the last three months, US Census data shows.

Americans' spending patterns are flashing a warning of a possible consumer-led recession

Shannon Carpenter was proud his daughter had the confidence to come out to him but admits his response wasn’t perfect. Here’s how parents can show their support.

My daughter came out, and I missed the punchline

Treasury Secretary Janet Yellen thinks the Federal Reserve could hit its 2% inflation target in 2025, with a soft landing well in her sights. Yellen told Yahoo Finance in an interview published Monday that she does “not see the basis” for a U.S. recession, pointing to the Fed’s caution around cutting interest rates too soon to avoid tipping the economy into the red as “the balancing act that they have.”

Janet Yellen says inflation will return to normal without a recession

Newark, NJ

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Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

The Motley Fool

Ark Investment Management just updated its financial forecasts for electric vehicle giant Tesla, and even Elon Musk thinks they will be tough to meet.

1 Magnificent AI Stock Set to Soar 1,366%, According to Cathie Wood's Ark Invest

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Total Apex Sports & Entertainment

Do you find it difficult to find what you are looking for? Is it difficult to find ways to organize your house, your office, and your life? Who are those managers of organization? I know I see them all of the time, I'm sure you do too. Those people who seem to always have it all together. Those people with planners, calendars, organized shelves and closets, nice neat cars. Who are they? Let's find out.

Top 3 Most Organized Zodiac Signs

NewsBreak

A massive day for the US economy is coming: What to watch

The CPI report and Fed policy meeting have fallen on the same day just seven times since 2014, according to Bank of...

A massive day for the US economy is coming: What to watch

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