The probability of a US recession in 2025 is 0%, according to a top economist. Here’s what to worry about instead.
People walk past a “now hiring” sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. The probability of a US recession materializing in 2025 is 0%, according to a Monday note from Torsten Sløk, the chief economist at Apollo. He released his top 12 risks to watch for global markets in…
A reporter who criticized Blake Lively denies she was part of Justin Baldoni’s alleged smear campaign
Blake Lively in June 2024. Kjersti Flaa, a Norwegian journalist who helped fuel a backlash against Blake Lively in the summer, denies being part of an alleged smear campaign against the actor. In August, Lively was promoting her latest movie “It Ends With Us,” which was overshadowed by rumors that she and her co-star and…
These 2 defensive sectors are primed for gains as market sentiment soars, according to Goldman Sachs
With Wall Street pricing in high levels of economic growth next year, Goldman Sachs’s new sector model says to position more defensively. The analysts say their forecast for above-consensus US economic growth in 2025, plus potential fiscal policy changes, generally supports a tilt toward cyclicals, but the market appears to be pricing in even greater…
A ship sent to evacuate Russian troops from Syria broke down near Portugal, Ukraine intelligence says
A Maxar satellite image from December 17, 2024, shows ships at the port of Tartus. A ship sent to evacuate Russian troops and equipment from Syria broke down while in the open sea off Portugal, according to Ukrainian intelligence. In a Telegram post on Monday, Ukraine’s main intelligence directorate said that the Sparta cargo ship’s…
Invest in your social life like it’s a 401(k): Older Americans share how loneliness and money are connected in retirement
Taffi Ozenne has a few simple and inexpensive joys in her life. When she feels lonely, she counts them: a hot-fudge sundae at McDonald’s ($3.79), a walk with her dogs (free), and the first puff of her cigarette ($9.63 for a pack) on a sunny afternoon in northern California. The 68-year-old repeats the list over…
Nissan and Honda start merger talks to take on Tesla and create the world’s 3rd-largest car company
Nissan and Honda are aiming to finalize merger talks by the end of January. Nissan and Honda, two of Japan’s largest car companies, have announced that they’re beginning merger talks. The two automakers have agreed to continue discussions on building a “strategic partnership focused on intelligence and electrification,” a statement posted Monday on Nissan’s newsroom…
I spent a week buying every meal from an app that saves food from being wasted. Despite some letdowns, I was impressed.
Too Good To Go lets users buy unsold food for a third of the original price. Everything is expensive right now. It’s rare that I ever leave the grocery store having spent less than I wanted to. I’ve heard of apps like Too Good To Go, which sell surplus food at a discount, but never…
Bayer’s CEO said budgets represent the worst of corporate bureaucracy. He decided to turn the process on its head.
Bayer CEO Bill Anderson talked to B-17 about how he manages the company in 90-day cycles. The annual budget process can be a parade of lengthy meetings and red tape — so one CEO decided to try something different. Since becoming CEO at Bayer, Bill Anderson has introduced a set of striking changes to the…
‘My small business is failing’: How entrepreneurs on TikTok are embracing their worst business days — and seeing results
Small businesses on TikTok are telling their customers about their worst business struggles. In the last couple of years, small businesses have littered TikTok with confessionals. “My small business is failing,” is how they often begin. “If you’ve been following me for the last couple of months, you may think that it’s not,” craftsperson Laura…
