The world is not “well prepared” for the next pandemic, Tom Frieden, the former head of the Centres for Disease Control and Prevention said, citing the current response to the Ebola outbreak and cuts to US public health efforts. “This Ebola outbreak is not going to cause a pandemic, it’s not going to cause a significant risk to large numbers of Americans,” Frieden, the CEO of Resolve to Save Lives...
The world is not “well prepared” for the next pandemic, Tom Frieden, the former head of the Centres for Disease Control and Prevention said, citing the current response to the Ebola outbreak and cuts to US public health efforts. “This Ebola outbreak is not going to cause a pandemic, it’s not going to cause a significant risk to large numbers of Americans,” Frieden, the CEO of Resolve to Save Lives, said. “It’s a stress test, and it’s a stress test the world is not doing well at. I would say so...
On Sunday, Arsenal will get on an open bus parade to celebrate their Premier League title less than 24 hours after their Champions League final heartbreak.
On Sunday, Arsenal will get on an open bus parade to celebrate their Premier League title less than 24 hours after their Champions League final heartbreak.
With the first Hong Kong astronaut on board, China’s Shenzhou-23 mission has opened up new horizons. It sends a clear message that space technology and exploration is not out of reach for a place traditionally known for its strength in finance and services. With proper leadership, institutional support and a mentality reset, the city can capitalise on the momentum to fly higher. The pride and exci...
With the first Hong Kong astronaut on board, China’s Shenzhou-23 mission has opened up new horizons. It sends a clear message that space technology and exploration is not out of reach for a place traditionally known for its strength in finance and services. With proper leadership, institutional support and a mentality reset, the city can capitalise on the momentum to fly higher. The pride and excitement brought by Lai Ka-ying must now be sustained by long-term efforts to further develop a space...
An American flag flies near the Ever Memo container ship at the Port of Los Angeles on May 28, 2026 in Los Angeles, California. Mario Tama | Getty Images Businesses big and small have started receiving tariff refunds after the U.S. Supreme Court ruled that President Donald Trump lacked the constitutional authority to impose higher import taxes on goods from nearly every other country. The process ...
An American flag flies near the Ever Memo container ship at the Port of Los Angeles on May 28, 2026 in Los Angeles, California. Mario Tama | Getty Images Businesses big and small have started receiving tariff refunds after the U.S. Supreme Court ruled that President Donald Trump lacked the constitutional authority to impose higher import taxes on goods from nearly every other country. The process could grind to a halt, however, after the Trump administration said Friday that it intended to appeal a federal judge's order allowing all companies that paid the invalidated duties to seek refunds, not just those that filed lawsuits. Until the Department of Justice informed the judge of its planned appeal, the refund system overseen by U.S. Customs and Border Protection had worked fairly smoothly. Refunds were deposited into the bank accounts of the first successful applicants on May 12, about three weeks after importers and their customs brokers could begin submitting claims, according to CBP. Applications for refunds totaling $85 billion — more than half of the $166 billion the agency estimated the government owes to companies that paid the tariffs on imported goods — were accepted for processing as of May 22, CBP reported in a legal filing earlier in the week. It said it had so far directed the Treasury Department to issue $20.6 billion in refunds. The administration revealed its appeal preparations while objecting to Judge Richard K. Eaton's demand that CBP Commissioner Rodney Scott appear in the U.S. Court of International Trade on June 9. The judge said he wants to know how long it would take to repay all 330,000 importers that might be eligible for refunds and whether he should require the government to speed up the process. Justice Department lawyers asked Eaton to allow Scott's deputies to appear in his place, arguing that as a high-ranking presidential appointee, the CBP chief could not be compelled to testify. They also argued that Eaton exceeded his authority w...
The Market's Biggest Buyer May Be Disappearing Submitted by QTR's Fringe Finance Yesterday, as part of laying out the two paths I can see the economy taking , I wrote that beneath the surface, the American consumer is tapped out. The average consumer - AKA the "retail investor" - has been a key in driving the stock market higher the past half decade. This morning, I noticed two reports that came o...
The Market's Biggest Buyer May Be Disappearing Submitted by QTR's Fringe Finance Yesterday, as part of laying out the two paths I can see the economy taking , I wrote that beneath the surface, the American consumer is tapped out. The average consumer - AKA the "retail investor" - has been a key in driving the stock market higher the past half decade. This morning, I noticed two reports that came out yesterday that add to the conclusion that this "retail investor" looks increasingly broke. Yesterday The Wall Street Journal highlighted how rising prices and the highest interest rates in decades have pushed even relatively high-income households into financial distress. One example was a hospital operations director earning nearly $200,000 annually who accumulated $15,000 in credit card debt at a 26% interest rate. Despite making the minimum payments, the balance barely moved. And the broader data confirms this isn’t an isolated story. As I’ve noted, the percentage of credit card balances that are 90+ days delinquent climbed to 13.1% in the first quarter, the highest level in 15 years and the worst reading since the aftermath of the 2008 financial crisis. Total credit card balances reached a record $1.25 trillion for a first quarter, while average credit card interest rates have surged from 14.6% in early 2022 to roughly 21% today. Delinquency rates have risen across low-, middle-, and high-income households alike. In other words, this is no longer just a lower-income problem. The financial strain is moving up the income ladder, which fits perfectly with what I’ve been writing about for months. Student loan delinquencies have also exploded higher as repayment obligations returned. Credit card delinquencies have surged to post-financial-crisis highs. Auto loan defaults, particularly among subprime borrowers, are sitting near multi-decade extremes. New data from Experian shows that nearly 19% of new vehicle loans now carry monthly payments of at least $1,000 , up from 17...
A stock usually rises or falls on its own news. You report strong earnings, the shares climb. You miss, they drop. That is the deal investors think they are signing up for. The artificial intelligence (AI) trade has quietly broken that rule. It now moves in layers. Chipmakers sit at the bottom, the ...
A stock usually rises or falls on its own news. You report strong earnings, the shares climb. You miss, they drop. That is the deal investors think they are signing up for. The artificial intelligence (AI) trade has quietly broken that rule. It now moves in layers. Chipmakers sit at the bottom, the ...
It's understandable why many investors are waiting for XRP (CRYPTO: XRP) to soar in value. It's down 65% from its 2025 high and currently trades close to $1. It seems to be a coiled spring, just waiting to explode. But there's a better cryptocurrency to be accumulating right now. Just like XRP, it's down more than 60% from its 2025 high. But it dwarfs XRP in size, and is typically one of the first...
It's understandable why many investors are waiting for XRP (CRYPTO: XRP) to soar in value. It's down 65% from its 2025 high and currently trades close to $1. It seems to be a coiled spring, just waiting to explode. But there's a better cryptocurrency to be accumulating right now. Just like XRP, it's down more than 60% from its 2025 high. But it dwarfs XRP in size, and is typically one of the first cryptocurrencies to move higher during any crypto bull market cycle. Yes, I'm talking about Ethereum (CRYPTO: ETH) . There are two good reasons why you should consider buying Ethereum right now. Both of these could send the world's second-largest cryptocurrency much higher. Continue reading