An inflation pattern is forming in the consumer price charts in the same way it did in the 1970s, a potentially troubling indicator for the financial markets. Investors should take a look at the shape of the Federal Reserve’s preferred inflation gauge today versus how it looked in the days of Presidents Nixon, Ford and Carter, according to Peter Corey, chief market strategist at Pave Finance. The core personal consumption expenditures price index, which excludes volatile food and energy prices, is currently chopping around 3%. After spiking toward 5.5% in the early days of the pandemic, it has thus far…
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Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty ImagesAdult ChatGPT users can soon access a less censored version of the artificial intelligence chatbot, which will include erotic materials, OpenAI CEO Sam Altman has announced in an apparent policy shift.”In December, as we roll out age-gating more fully and as part of our ‘treat adult users like adults’ principle, we will allow even more, like erotica for verified adults,” Altman said in a social media post…
Newly-elected leader of Japan’s Liberal Democratic Party (LDP) Sanae Takaichi shakes hands with Prime Minister Shigeru Ishiba after winning the LDP leadership election in Tokyo, Japan, on Oct. 04, 2025.Anadolu | Anadolu | Getty ImagesUnder normal circumstances in Japan, the leader of the governing party would be the prime minister, particularly between election cycles.But these are not normal times in Tokyo, with outgoing Prime Minister Shigeru Ishiba staying on in a caretaker role after resigning on Sept. 7.Sanae Takaichi, the current president of Japan’s ruling Liberal Democratic Party and the woman poised to become the country’s first female prime minister,…
Pedestrians pass a Huawei Technologies Co. flagship store in Shenzhen, China, on Wednesday, Oct. 8, 2025. Qilai Shen | Bloomberg | Getty ImagesChina’s consumer prices fell more than expected in September, while the deflation in producer prices persisted, underscoring the impact of sluggish domestic demand and trade worries on consumer and business sentiment.The consumer price index fell 0.3% in September from a year earlier, National Bureau of Statistics data showed on Wednesday, a sharper decline than economists’ forecast of a 0.2% slide. Prices ticked up 0.1% month-on-month.Core CPI, which strips out volatile food and energy prices, rose 1.0% from a…
U.S. President Donald Trump and Iraqi Prime Minister Mohammed Shia al-Sudani gesture as they pose for a photo, at a world leaders’ summit on ending the Gaza war on Oct. 13, 2025 in Sharm El-Sheikh, Egypt. Pool | Getty Images News | Getty ImagesBAGHDAD — Iraq’s Prime Minister Mohammed Shia Al-Sudani said he hopes to end the country’s $4 billion reliance on Iranian gas by 2028, in an effort to diversify the major oil-producer’s economy.Decades of mismanagement, underinvestment and corruption have strained the power grid of Iraq, which is OPEC’s second-largest oil producer after Saudi Arabia.Gas from Tehran fuels nearly…
U.S. President Donald Trump speaks during a ceremony to posthumously award the Medal of Freedom to Charlie Kirk, in the Rose Garden patio at the White House in Washington, D.C., U.S., Oct. 14, 2025. Kevin Lamarque | Reuters U.S. stocks had a rocky day of trading, swinging from highs and lows like the quality of Game of Thrones across its eight seasons. At its lowest during the session, the S&P 500 fell as much as 1.5%, but picked up and traded positive for most of the day after U.S. Trade Representative Jamieson Greer gave an indication that China’s next trade…
Jakub Porzycki | Nurphoto | Getty ImagesSpotify is officially bringing video podcasts to Netflix.The partnership will bring a selection of podcasts from The Ringer, a network acquired by Spotify in 2020, to the streaming company in early 2026 for U.S. users.The podcasts will range from sports to culture to true crime, aiming to both complement Netflix’s current slate and bring in new audiences, pulling from The Ringer’s lineup. The companies said more markets outside of the U.S. are in the pipeline.”This partnership marks a new chapter for podcasting,” Spotify’s Head of Podcasts Roman Wasenmüller said in a statement. “Together with Netflix,…
SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. Cfoto | Future Publishing | Getty ImagesAsia-Pacific markets opened higher Wednesday, breaking ranks with Wall Street’s declines after U.S. and China exchanged blows in a renewed trade feud.U.S. President Donald Trump on Tuesday stateside criticized China for not buying soybeans, calling it an “an economically hostile act.” He also threatened “retribution” such as a cooking oil embargo.”Volatility remains elevated, and the best explanation is the strained relationship between the U.S. and China,” Veteran investor Louis Navellier wrote in a note published…
The only time to consider a cash advanceCash advances are short-term loans with seriously high interest rates, like near 30% APR. That’s more than what your credit card charges on everyday purchases (when you don’t pay your bill each month). It gets worse: The interest on cash advances starts accruing immediately, and you have to tack on fees, which can either be flat or anywhere from 3% to 5% of the cash advance amount.We were curious: Is there ever a situation that would call for resorting to a cash advance? Yes, in emergencies, CFP Otto Rivera, an investment manager at…
European equities 15 years’ of underperformance in comparison to the U.S. has come to an end, according to Deutsche Bank as it upgraded its stance on the region from neutral to positive. “Tactically, we expect further upside for European equities until year-end,” strategists at the bank said in an October note, putting it down to “cheaper valuations, higher diversification and a strong fiscal impulse.” Amid a recent rally on U.S. stocks, which saw the S & P 500 and Nasdaq Composite hit record levels last week , and general inflation of valuations as talk of an AI bubble mounts ,…
