Asset class poised to rise 38% as markets overestimate risk of global recession, Goldman says

Still reeling from Fed Chairman Jerome Powell higher ratings for longer last weeka riskier asset like equities is set to take another hit on Monday. “You can’t see the stock market crashing more than 5% on the words of one man,” grumbled FWDBONDS chief economist Chris Rupkey, who sees a major credibility problem for the … Read more

Mississippi weather: A train is derailed and roads are washed out after torrential rains in the region

CNN — Wading through thigh-deep water, dozens of nursing home residents clung to a rope stretched across a flooded parking lot on Wednesday as they were evacuated from a Mississippi nursing home. Residents, aided by firefighters, volunteers and state troopers, passed submerged cars as they departed by school bus from the Peach Tree Village assisted … Read more

Ukraine grain deal ‘lays foundation for permanent peace environment’, Turkey says

CNN — Some 27 ships loaded with grain left Ukrainian Black Sea ports since August 1 under a United Nations-brokered export deal with Turkey, which laid “the foundations for a permanent environment of peace”, Turkey’s defense minister said in a speech on Saturday. . “Since August 1, a total of 53 vessels have sailed for … Read more

Freya, the 1,300-pound walrus that sinks boats in Norway, has been euthanized

CNN — The Norwegian government euthanized his celebrity walrus Freya early Sunday morning after warning the public to stay away from her. “The decision to euthanize the walrus was made based on a comprehensive assessment of the continued threat to human safety,” said Frank Bakke-Jensen, director general of the Norwegian Directorate of Fisheries, in a … Read more