Markets see ‘all hat, no cattle’ in Fed’s inflation credibility: Chart of the Day

Markets see 'all hat, no cattle' in Fed's inflation credibility: Chart of the Day

Federal Reserve Chairman Kevin Warsh told reporters during his post-decision press conference last week that the central bank will “deliver 2% inflation and not a whisper more.” But markets responded with a clear warning that Warsh’s tough talk means little without meaningful action. Long-dated bond yields surged following the Fed’s midweek decision, with the 30-year … Read more

Authorities arrest man in connection with Spokane wildfires

Authorities arrest man in connection with Spokane wildfires

SPOKANE, Wash. (AP) — A man who went to prison for killing his father in 2010 has been charged with intentionally setting the largest of the wildfires that have destroyed hundreds of buildings in and around Washington state’s second-largest city and forced tens of thousands of people from their homes.Aaron F. Farinacci, of Spokane, was … Read more

Ukraine-Russia war latest: Putin accused of war crime after drone hunts down market vendor in grim ‘human safari’

Ukraine-Russia war latest: Putin accused of war crime after drone hunts down market vendor in grim ‘human safari’

Why Japan says security threat is most ‘severe’ since World War IIThe security environment around Japan has become as severe and complex as it has ever been since the end of theSecond World War, the country’s latest defence report said, as it warned against growing defence coordination between Russia, North Korea and China.The assessment, outlined … Read more

Why Massachusetts lost its mojo

Why Massachusetts lost its mojo

Write to us at startingpoint@globe.com. To subscribe, sign up here.A new Globe series — “Why Massachusetts lost its mojo — and how we get it back” — examines the reasons for the state’s lagging economy and what needs to be done to fix it. Today’s first installment prompted Starting Point to ask Trendlines columnist Larry … Read more

The sneaky economics of healthwashing : Planet Money : NPR

The sneaky economics of healthwashing : Planet Money : NPR

This article first appeared in the Planet Money newsletter. You can sign up here. If you go to a store like Whole Foods, you’ll find a lot more than … whole foods. You’ll also find bougie packaged snacks, cereals, and all sorts of other processed foods and drinks. Often they’ll have buzzwords on their packaging. … Read more

A forgotten Swedish economist’s 130-year-old theory explains why investors won’t quit funding America’s near-$40 trillion pile of debt

A forgotten Swedish economist’s 130-year-old theory explains why investors won’t quit funding America’s near-$40 trillion pile of debt

In the pantheon of famous economists, Knut Wicksell is hardly a household name. Unlike Adam Smith, the Swedish interest-rate expert never made it to the face of a banknote. Yet a theory he developed more than a century ago is suddenly relevant again.In 1898, Wicksell shared the idea that inflation and economic instability stem from … Read more

Kuwait PMI rebounds above 50 as Egypt remains in contraction in July: S&P 

Kuwait PMI rebounds above 50 as Egypt remains in contraction in July: S&P 

RIYADH: Kuwait’s non-oil private sector returned to growth in July, with the Purchasing Managers’ Index rising to 50.8 from 46.4, while Egypt’s PMI remained in contraction territory for a seventh consecutive month.  The latest S&P Global PMI surveys showed Kuwait’s headline reading moving back above the neutral 50-point threshold for the first time in five months, … Read more

Master Your Mind: Build Mental Strength As An Entrepreneur

Master Your Mind: Build Mental Strength As An Entrepreneur

Master your mind: build mental strength as an entrepreneur gettyYou cannot predict the tough times. A client leaves. A launch flops. A hire you believed in walks out the door. You will face every one of them, and how well you stay calm when they hit decides how much energy you have left for the … Read more

Debt consolidation hits record as Americans cope with rising costs

Aug. 3, 2026Updated Aug. 4, 2026, 10:17 a.m. ETA record number of consumers entered debt consolidation in the first half of 2026, with an average balance of about $40,000, according to one of the nation’s largest debt-management nonprofits. Nearly 15,000 new clients entered debt-management plans with Money Management International in the first six months of 2026. That is … Read more