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Global selloff underway as traders sour on U.S. government shutdown and doubts about Fed rate cut schedule grow

Stocks sold off in Asia this morning and Europe ticked down as well. U.S. futures were marginally down before the bell following yesterday’s 0.28% decline in the S&P 500. Analysts pointed to the U.S. government shutdown, where a resolution is nowhere in sight. And some no longer see two more rate cuts from the Fed … Read more

U.S. growth forecast cut further by OECD as Trump tariffs sour outlook

Old Navy and Gap retail stores are seen as people walk through Times Square in New York City on April 9, 2025. Angela Weiss | Afp | Getty Images Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump’s tariff turmoil weighs … Read more

Musk’s political baggage: Polls show Americans sour on Trump’s most visible advisor

There’s no denying that billionaire Elon Musk has been the most visible member of President Donald Trump’s administration during Trump’s first ten weeks back in the White House. But with familiarity can come contempt, as recent polling shows the DOGE point man underwater with approval ratings. Musk, the world’s richest person and the chief executive … Read more

Sour Grapes: Fury Refuses To Accept Defeat Against Usyk

Tyson Fury sounded like a poor sport after his loss to unified heavyweight champion Oleksandr Usyk on Saturday night. He said the judges gave the Ukrainian an “early Christmas gift” rather than admitting that he’d lost to the better man in their rematch in Riyadh. Stats Tell The Story Usyk (23-0, 12 KOs) outboxed and … Read more

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