• US debt load could undercut Warsh‘s plan to shrink Fed balance sheet

    [WASHINGTON] Incoming Federal Reserve chief Kevin Warsh‘s plans to shrink the US central bank’s “footprint” in financial markets could be constrained by rising federal debt and the potentially lost luster of US Treasuries, analysts said, with rising long-term interest rates a sign of the challenge awaiting the new Fed chair.Yields on US Treasury bonds headed higher on Friday, with interest on the 2-year bond, a rough proxy for monetary policy, up more than half a percentage point, to more than 4 per cent, since the start of the US war with Iran raised new inflation concerns.The interest rate on the 30-year…

Business

  • US-Iran War Costs Hit $25 Billion As Political Pressure Mounts Ahead Of Midterms

    The United States’ ongoing military campaign against Iran has already cost an estimated $25 billion, according to a senior Pentagon official, marking the first formal disclosure of the financial toll of the conflict that began earlier this year. Testifying before the House Armed Services Committee, Pentagon comptroller Jules Hurst said…

Lifestyle

  • Don’t let RFK Jr distract from the big health threat: Sugar

    It’s not the food dye in Froot Loops that Americans should fear; it’s the more than 66 pounds of sugar they consume a year ARE there “toxic chemicals” in food killing Americans? That fear is getting lots of attention thanks to Robert F Kennedy Jr, president-elect Donald Trump’s pick to…

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  • Upset Taylor Swift says she was told Ticketmaster could handle demand

    POP superstar Taylor Swift said on Friday it was “excruciating” for her to watch fans struggle to secure tickets for her upcoming U.S. tour after she had been assured that Ticketmaster could handle large demand. The New York Times reported that the US Justice Department was investigating whether Ticketmaster parent…

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