Man convicted in arson attack in Japan sentenced to death
Japan’s NHK broadcaster says the man convicted in the arson attack on a Kyoto anime studio has been sentenced to death
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Britain’s post-Brexit trade talks with Canada break down as they disagree over beef and cheese
LONDON — The British government has called off post-Brexit trade talks with Canada after discussions broke down over disagreements related to the import and export of beef and cheese. The two countries have been negotiating a new trade deal over the past two years since Britain fully left the European Union. Trade between the two…
Home Design beds sold at Walmart, Wayfair, Overstock recalled
More than 580,000 beds sold at retailers including Walmart, Wayfair and Overstock.com have been recalled over reports that they break during use. The Consumer Product Safety Commission said in a recall notice posted Thursday that upholstered platform bed frames made by Home Design Inc. “can sag or collapse during use, posing fall and injury hazards…
Economists Predicted a Recession. Instead, the Economy Grew.
The recession America was expecting never showed up. Many economists spent early 2023 predicting a painful downturn, a view so widely held that some commentators started to treat it as a given. Inflation had spiked to the highest level in decades, and a range of forecasters thought that it would take a drop in demand…
Biden Cancels Another $5 Billion in Student Loan Debt
President Biden on Friday canceled nearly $5 billion in student loan debt for 74,000 people, the latest effort by the administration to deliver piecemeal relief after the Supreme Court struck down Mr. Biden’s more ambitious loan cancellation plan last year. Most of the people who will benefit from the latest round are teachers, nurses, firefighters…
Rising Markets Lift Hedge Funds to Huge Gains
As stock markets soared in 2023, so did the fortunes of many of the world’s biggest hedge funds. The 20 best-performing hedge funds made $67 billion in gains last year, triple what they reported in 2022, according to data released by LCH Investments, a so-called fund of funds that ranks the top 20 firms based…
JPMorgan Chase CEO Jamie Dimon warns US economy heading towards ‘the cliff’ predicts debt ‘rebellion’
JPMorgan Chase chairman and CEO Jamie Dimon says the U.S. is speeding toward a cliff as the nation’s runaway debt continues to mount, sounding the alarm that the situation needs to be tackled before it results in a crisis. The chief executive of the nation’s largest bank issued the warning during a panel discussion at…