To The Moon

In the past month, something that once seemed impossible suddenly became likely. After four years of upheaval, the U.S. now seems to have low inflation, low unemployment, and solid economic growth.The popular term for this is soft landing. A better word is "normal." This is what an economy is supposed to look like.Until Wednesday, one thing still looked abnormal: the Federal Reserve's interest-rate target, which at 5.25% to 5.5%, was much higher than economic conditions called for.The Fed has begun to rectify that abnormality with its half-point rate cut. This vastly improves the odds of a soft landing. It might even leave the economy and interest rates looking more normal a year from now than before the pandemic.To be clear, "normal" doesn't mean idyllic. Some people will be unemployed. Some people's wages will not keep up with inflation. Prices will rise gradually but won't go back to where they were before the pandemic. Normal simply means sustainable, without the excesses that lead

WASHINGTON -- Vice President Kamala Harris declared that her "values have not changed" on key issues such as climate change and immigration despite shifting policy stances, as she and her running mate, Minnesota Gov. Tim Walz, sat for their first major television interview of their 2024 campaign Thursday.Harris and Walz, who have faced criticism that they have avoided tough questions, spoke to CNN's Dana Bash as they took a bus tour through Georgia. In the sitdown, Harris defended herself on her changed stances on issues such as fracking compared with her first campaign for president in 2019.Republicans have accused Harris of ducking reporters and said she was incapable of sitting for a solo interview. Trump sai

Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth.Setting the stage for a two-day appearance on Capito

Stocks to WatchSembcorp Industries (U96): India’s SJVN, a state-owned power producer, has awarded a 440 megawatt (MW) wind-solar hybrid power project to Sembcorp Industries’ wholly owned renewables su

Singapore’s retail sales rose 4 per cent on year in August, climbing from the revised 1.3 per cent growth recorded in July, Department of Statistics (Singstat) data showed on Thursday (Oct 5).The mont

TSM is strategically expanding globally, solidifying its position as a leader in the semiconductor industry.The Arizona plant delay is a short-term setback, but the company will have a stronger intern