Global markets convulsed Monday, with U.S.stocks dipping 1.5 percent or more in morning trading as the uncertainty caused by slowing growth, roaring inflation, war in Ukraine and the pandemic continue to spook investors. The Nasdaq continued to lead the losses as investors moved away from high-flying tech stocks, shedding 3.3 percent in morning trading.April was…

Mickey Gilley, a musician who scored more than three dozen top-10 country hits and whose honky-tonk club inspired the 1980 film “Urban Cowboy” and the “cowboy chic” fashion trend that followed, died Saturday.He was 86. Gilley died “surrounded by loved ones,” according to a statement from Pasadena, Texas, Mayor Jeff Wagner, who added, “Our prayers…

As of 2017, there were already more guns than people in the US.And the situation has only gotten worse since. Belen Fernandez Contributing editor at Jacobin Magazine.Published On 8 May 2022 8 A man in full military gear poses for a photo holding a gun during the open carry protest ‘Stand with Virginia, Support the…

Donald Trump swore in an affidavit on Friday that he has no idea where four of his old cellphones are.Trump is responding to a subpoena from the NY attorney general’s probe of the Trump Organization.His failure to turn over records and documents has cost him more than $100,000 in fines and counting.Sign up for our…

Elon Musk — the world’s richest man and Twitter’s new owner — expects Twitter to earn almost $10 billion in revenue from subscriptions by 2028, a projection that doubles the $5 billion in total revenue the platform made last year, according to a report from The New York Times . In a pitch deck viewed…

Few issues have vexed Democrats more than the long-running defection of White, working-class voters to the Republican Party.Ohio’s upcoming Senate race will test whether Democrats have a formula to win some of them back.Get the full experience.Choose your plan ArrowRight Ohio Republicans have just come off one of the most expensive Senate primaries in history,…

On Tuesday, we learned U.S.employers had a record 11.5 million job openings as of March.That’s arguably the clearest sign that the economy is booming, as hiring workers isn’t cheap and most employers would only do it if they didn’t already have the staff to keep up with demand. Currently, there are just 5.9 million people…

Paul Constant is a writer at Civic Ventures and the cohost of the ” Pitchfork Economics ” podcast.He spoke with Jim Baker of the Stakeholder Project about how private equity firms take over retailers.Baker says these firms buy struggling retailers, default on loans, and then cash in profits by shutting the company down.This is an…

A few years ago, the idea of private citizens traveling to outer space seemed a bit far-fetched.That, of course, happens now with some regularity . Now, a California-based company is betting big that the trend toward ‘space tourism’ will continue, as it announces plans to open a hotel in space within the next few years.…

Markets were hammered yesterday, with the Dow Jones Industrial Average falling over 1,000 points .Markets are down again today as investors worry about stagflation — a painful economic disease of high inflation and contracting growth that the U.S.hasn’t suffered through since the 1970s. Financial markets are off to their worst start to a year since…