Global market volatility and geopolitical turbulence following President Donald Trump’s return to the White House have raised concerns about a potential U.S. recession, but economists like Holger Schmieding of Berenberg Bank believe that a downturn is not imminent. Schmieding labeled Trump as an “agent of chaos and confusion” due to his unpredictable tariff policies, but pointed out that the U.S. economy remains resilient with strong consumer spending, a stable labor market, and potential tax cuts and deregulation on the horizon, reducing the risk of a recession in the near future.
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Number of missing in Texas floods drops from nearly 100 to 3 in hard-hit county
Officials in Kerr County, Texas, have reported a significant reduction in the number of missing persons from nearly 100 to just three following devastating floods earlier this month. The overall death toll from the July 4 flooding across Texas reached 134, with 107 fatalities in Kerr County, including 70 adults and 37 children. Explain It To Me Like I'm 5: Officials in Kerr County, Texas, say the number of people missing after the floods earlier...
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