Just in: The New York Times reports the CIA secretly warned Apple, Nvidia, and AMD in 2023 that China could invade Taiwan by 2027.

BREAKING

Just in: The New York Times reports the CIA secretly warned Apple, Nvidia, and AMD in 2023 that China could invade Taiwan by 2027.

Kremlin: We will brief the US on Ukraine's attempts to get nukes.

Kremlin: We will brief the US on Ukraine's attempts to get nukes.

Putin's aide: Kyiv's attempts to obtain nuclear weapons will affect Russia's position on Ukraine - Ifax.

Putin's aide: Kyiv's attempts to obtain nuclear weapons will affect Russia's position on Ukraine - Ifax.

Breaking News

Goldman Sachs warns that artificial intelligence-fueled layoffs could raise the unemployment rate for 2026.

Goldman Sachs warns that artificial intelligence-fueled layoffs could raise the unemployment rate for 2026.

Goldman Sachs identifies a U.S. stock market correction as the primary near-term risk to economic stability. According to economist Pierfrancesco Mei, while 2026 GDP growth is projected at 2.5%, a 10% market decline could reduce growth by 0.5 percentage points, and a 20% drop could subtract almost a full point.

The firm highlights the wealth effect as the central concern, as high-income households, who own the majority of stocks, significantly influence consumer spending. A market correction could reverse this positive impact, exacerbating the K-shaped economic recovery, where lower-income earners are already facing challenges.

Furthermore, midterm election years historically exhibit increased volatility. Intra-year declines have averaged 19%, with a 10% decrease considered a correction and a 20% decrease classified as a bear market. Even a moderate stock market downturn could negatively affect consumer spending and slow economic expansion.

Goldman Sachs identifies a U.S. stock market correction as the primary near-term risk to economic stability. According to economist Pierfrancesco Mei, while 2026 GDP growth is projected at 2.5%, a 10% market decline could reduce growth by 0.5 percentage points, and a 20% drop could subtract almost a full point. The firm highlights the wealth effect as the central concern, as high-income households, who own the majority of stocks, significantly influence consumer spending. A market correction could reverse this positive impact, exacerbating the K-shaped economic recovery, where lower-income earners are already facing challenges. Furthermore, midterm election years historically exhibit increased volatility. Intra-year declines have averaged 19%, with a 10% decrease considered a correction and a 20% decrease classified as a bear market. Even a moderate stock market downturn could negatively affect consumer spending and slow economic expansion.

China is reportedly nearing a deal to sell CM-302 supersonic cruise missiles to Iran. According to Reuters, the missiles are capable of targeting and destroying U.S. aircraft carriers. Negotiations, which have been ongoing for two years, intensified following the Israel-Iran conflict last June.

The CM-302 can travel at four times the speed of sound, carry 250 kg of explosives, and execute zig-zag maneuvers to avoid defenses. It has a range of approximately 180 miles and has not been used in combat.

U.S. carrier strike groups, including the USS Abraham Lincoln and USS Gerald R. Ford, are currently deployed in the region. The U.S. is deploying THAAD and Patriot missile systems in response to potential threats.

China previously sold weapons to Iran in the 1980s and continues to provide political support. Simultaneously, Iran’s Revolutionary Guards have conducted multiple drills in the Gulf and Strait of Hormuz, testing new missiles and tactics, while internal protests continue at Tehran universities.

Analysts caution that the missiles would be difficult to intercept and could significantly alter the naval power dynamics in the region.

China is reportedly nearing a deal to sell CM-302 supersonic cruise missiles to Iran. According to Reuters, the missiles are capable of targeting and destroying U.S. aircraft carriers. Negotiations, which have been ongoing for two years, intensified following the Israel-Iran conflict last June. The CM-302 can travel at four times the speed of sound, carry 250 kg of explosives, and execute zig-zag maneuvers to avoid defenses. It has a range of approximately 180 miles and has not been used in combat. U.S. carrier strike groups, including the USS Abraham Lincoln and USS Gerald R. Ford, are currently deployed in the region. The U.S. is deploying THAAD and Patriot missile systems in response to potential threats. China previously sold weapons to Iran in the 1980s and continues to provide political support. Simultaneously, Iran’s Revolutionary Guards have conducted multiple drills in the Gulf and Strait of Hormuz, testing new missiles and tactics, while internal protests continue at Tehran universities. Analysts caution that the missiles would be difficult to intercept and could significantly alter the naval power dynamics in the region.

A recent Redfin survey indicates that approximately 49% of United States residents are experiencing difficulty in meeting their rent or mortgage obligations. The financial strain is most pronounced among Generation Z, with 67% reporting struggles, compared to 53–54% of millennials and Generation X, and 36% of baby boomers.

Elevated home prices and mortgage rates necessitate an annual income of $111,000 to afford the typical U.S. home, exceeding the median household income by $25,000. Many young Americans have not accumulated sufficient savings for down payments or ongoing monthly expenses.

To manage these payments, Americans are implementing various cost-cutting measures and making sacrifices: 39% are reducing their spending on dining out, 34% are forgoing vacations, 17% are working additional hours, and 16% are selling personal belongings. Some individuals are also skipping meals (15%) or delaying medical care (14%). Generation Z is particularly affected, with 18% skipping meals and 15% moving in with their parents.

Homeownership rates remain low among young adults; only 27% of Generation Z own homes, compared to over half of millennials. Slight improvements are anticipated in 2026 due to the stabilization of mortgage rates and wage increases.

A recent Redfin survey indicates that approximately 49% of United States residents are experiencing difficulty in meeting their rent or mortgage obligations. The financial strain is most pronounced among Generation Z, with 67% reporting struggles, compared to 53–54% of millennials and Generation X, and 36% of baby boomers. Elevated home prices and mortgage rates necessitate an annual income of $111,000 to afford the typical U.S. home, exceeding the median household income by $25,000. Many young Americans have not accumulated sufficient savings for down payments or ongoing monthly expenses. To manage these payments, Americans are implementing various cost-cutting measures and making sacrifices: 39% are reducing their spending on dining out, 34% are forgoing vacations, 17% are working additional hours, and 16% are selling personal belongings. Some individuals are also skipping meals (15%) or delaying medical care (14%). Generation Z is particularly affected, with 18% skipping meals and 15% moving in with their parents. Homeownership rates remain low among young adults; only 27% of Generation Z own homes, compared to over half of millennials. Slight improvements are anticipated in 2026 due to the stabilization of mortgage rates and wage increases.

Zelenskyy: We want fast track for eu membership.

Zelenskyy: We want fast track for eu membership.

Iran's takht-ravanchi: a u.s. strike on iran is "a real gamble" - state media.

Iran's takht-ravanchi: a u.s. strike on iran is "a real gamble" - state media.

Iran's deputy foreign minister Takht-Ravanchi says Tehran is ready to take any necessary step to reach a deal with U.S.

Iran's deputy foreign minister Takht-Ravanchi says Tehran is ready to take any necessary step to reach a deal with U.S.

View more breaking news →

Top News

Tesla Halts Model S/X Production to Accelerate Robotaxi and Optimus AI Focus

Tesla Halts Model S/X Production to Accelerate Robotaxi and Optimus AI Focus

Nvidia Earnings Set to Confirm Trajectory of Sustained AI Chip Demand

Nvidia Earnings Set to Confirm Trajectory of Sustained AI Chip Demand

Intel Faces Six-Month Delays on Xeon Shipments Amid Severe China Supply Crunch

Intel Faces Six-Month Delays on Xeon Shipments Amid Severe China Supply Crunch

SoFi Accelerates Digital Asset Strategy with Successful Crypto Relaunch

SoFi Accelerates Digital Asset Strategy with Successful Crypto Relaunch

Securities Fraud Lawsuit Targets Plug Power Over Disputed $1.66B DOE Loan Guarantee

Securities Fraud Lawsuit Targets Plug Power Over Disputed $1.66B DOE Loan Guarantee

Ford Restructures EV Strategy Amid Massive Charges, Targets Affordable Level 3 Autonomy by 2028

Ford Restructures EV Strategy Amid Massive Charges, Targets Affordable Level 3 Autonomy by 2028

American Airlines Quantifies Historic Financial Hit from Severe Winter Storm Disruptions

American Airlines Quantifies Historic Financial Hit from Severe Winter Storm Disruptions

View more top news →

Download Our App

Stay up-to-date with the market and manage your portfolio on the go