Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10%

What Zohran Mamdani Could Learn From His Father Authored by Peter Jacobsen via The Daily Economy, Before Zohran Mamdani burst onto the scene of NYC politics with promises of cheap groceries, rent control, and calls to seize the means of production, his father, Mahmood Mamdani, was making important political contributions himself. The elder Mamdani's work is more academic in nature and generally more interesting than the "free stuff" brand of left-wing politics. A family welcomes a new baby in rural India. Shutterstock.In particular, Mahmood was decades ahead on one issue that other...

US Removes Syria, Including Al-Nusra Front, From Its List Of Terrorism Sponsors Following a decade-and-a-half of a Washington-led full economic siege of the Syrian state, and after a fierce CIA-backed proxy war (Timber Sycamore) to oust Assad over that same period, this week has witnessed the huge milestone of the United States finally removing Syria from its state sponsors of terrorism list. The designation itself had stretched back several decades, and it placed major hurdles in the way of international investment, but with the Monday move by the State Department many of...

Goldman's State Of U.S. Consumer Outlook Gets More Grim Goldman consumer analysts Kate McShane and Bonnie Herzog cut their 2026 discretionary cash-inflow growth forecast for the second time this year, citing a worsening squeeze on U.S. households as slower disposable income growth collides with higher fuel prices at the pump. The revision points to a softening among cash-strapped consumers as the US-Iran conflict enters its third month. McShane and Herzog cut their 2026 U.S. discretionary cash inflow growth to 3.7% from the previous forecast of 4.2% in early April, as...