Goat Farming Booms as Rising Demand Creates New Opportunities for Small U.S. Farmers
A growing number of small and part-time farmers across the United States are turning to goat farming, transforming what was once considered a niche agricultural activity into one of the fastest-growing segments of small-scale livestock production. Driven by rising consumer demand, lower startup costs and changing demographics, goats are becoming an increasingly attractive alternative to […]
Exxon and Chevron Reap Record Profits as High Fuel Prices Trigger Political Backlash
ExxonMobil and Chevron have reported a combined $26.5 billion in second-quarter profits, benefiting from a sharp increase in global oil prices fueled largely by the conflict involving Iran and disruptions to energy supplies. The results delighted investors but also intensified political criticism, as millions of Americans continue paying elevated gasoline prices during a period of […]
Apollo and KKR Face Regulatory Scrutiny Over Interconnected Investment Structures
U.S. financial regulators are increasing scrutiny of investment structures used by major private equity firms, including Apollo Global Management and KKR, warning that increasingly interconnected financing arrangements could create hidden risks for investors and the broader financial system. Officials are particularly concerned about what they describe as “circular” investment structures, in which capital flows repeatedly […]
Surging AI Borrowing Pushes Wall Street to Find New Investors, New Structures and New Currencies
The artificial intelligence boom is now reshaping credit markets as deeply as it has reshaped technology stocks. Banks are having to become more creative as borrowing tied to chips, cloud infrastructure and data centers surges to unprecedented levels. The reason is simple: the companies building the backbone of AI need so much money that traditional […]
Stronger Dollar Surges on Rising U.S. Rate Expectations and Global Risk Aversion
The U.S. dollar climbed to its strongest level in more than a year as investors increasingly bet that the Federal Reserve may raise interest rates again and sought safety amid a sharp selloff in technology stocks. The dollar index rose to 101.71, its highest level since May 2025, as markets priced in a more hawkish […]
Strong Labor Market Forces Goldman to Drop 2026 Fed Rate-Cut Expectations
Goldman Sachs now expects the Federal Reserve to keep interest rates unchanged through the rest of 2026, delaying its forecast for the next U.S. rate cut until 2027. The bank changed its outlook after stronger-than-expected U.S. jobs data suggested the economy and labor market remain too resilient for the Fed to ease policy soon. The […]
Financial Adulthood Feels Out of Reach for Gen Z and Millennials Facing High Prices and Low Wages
Many young Americans are struggling to reach financial independence as the cost of living rises faster than their wages, leaving them stuck between work, debt, rent, family support and uncertainty about the future. Young adults are entering adulthood in an economy that looks stable in some headline numbers but feels deeply unaffordable in daily life. […]
JPMorgan Warns U.S. Economy May Lose Its “Goldilocks” Moment as Oil Fuels Inflation
JPMorgan economists are warning that the U.S. and global economy may be moving away from the best-case “Goldilocks” scenario investors had hoped for in 2026. That scenario — where inflation cools while growth remains strong — now looks increasingly unlikely. The bank says the Iran war and the related surge in oil prices are likely […]
Rising Gas Prices Hit Poorer Americans Hardest and Deepen the Wealth Divide
Rising gasoline prices are widening the economic gap between wealthy and lower-income Americans, according to research from the Federal Reserve Bank of New York. The study found that the latest gas price spike, driven by the conflict involving Iran and disruptions in global energy markets, is affecting households very differently depending on income. While wealthier […]
Trump Taps Minnesota Economist Christopher Phelan to Lead White House Economic Council
President Donald Trump has nominated University of Minnesota economist Christopher Phelan to serve as his chief economic adviser, filling a key White House vacancy at a moment when economic policy is under heavy political and financial scrutiny. Phelan would become the new head of the Council of Economic Advisers, or CEA, if confirmed by the […]
