The Real Threat Is Artificial Credit, Not Artificial Intelligence

Many observers of the highly dysfunctional President Donald J Trump administration have noted how a major contributing factor for the foreign policy disasters might well derive from the appointment of two real estate billionaires personally linked to the president as its top negotiators. That Steve Witkoff and son-in-law Jared Kushner had no diplomatic experience right […]

Iranian Parliament Speaker Mohammed Bagher Ghalibaf said on Wednesday that American voters have said “no to war,” referencing the crushing defeat of Republicans in the US midterm elections, and warned the US government that it would face a “nightmare” if the conflict continues. “Conscience or the cost of living, Americans said NO TO WAR, and […]

La-Z-Boy Crashes Most Since 2022 As Frozen Housing Market Crushes Sofa Demand La-Z-Boy shares suffered their steepest decline in 4.5 years on Wednesday after the furniture maker's second-quarter guidance missed expectations, providing even more evidence that weak housing turnover has suppressed demand for big-ticket discretionary goods such as sofas and recliners. With mortgage rates elevated and home prices near record levels, affordability remains severely stretched, keeping transaction volumes depressed, thus limiting replacement purchases that typically drive furniture demand. La-Z-Boy forecasted second-quarter sales of $475.7 million, down 3% from a year earlier and well...