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The Latest Breaking News from Torsten Slok

Top analyst says China is playing a ‘key role’ in the price of gold going through the roof, and he’s got the data to prove it

“Higher business uncertainty in the U.S. is also pushing gold prices up,” according to Apollo chief economist Torsten Slok.

Fortune

New China tariffs announced during government shutdown and AI valuation debate are a ‘perfect storm coming together,’ top economist says

Expect the new round of tariffs to spur inflation and put "downward pressure" on GDP, he added.

Fortune

Trump's Controversial Tariffs Generate Nearly $350 Billion, Becoming 'Very Significant' US Revenue Source, Says Economist

The controversial tariffs imposed by President Donald Trump have turned into a major revenue stream for the U.S. government, amassing approximately $350 billion at an annualized pace.

Benzinga

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Trump's tariffs are bringing in a 'very significant' amount of revenue, top analyst says: Roughly $350 billion a year

Fortune's Shawn Tully and Steve "the money doctor" Hanke have argued that they bear a strong, uncanny resemblance to a tax western Europe has had for decades.

Fortune

Jerome Powell says the Gen Z hiring nightmare is real: 'Kids coming out of college...are having a hard time finding jobs’

"You've got a low firing, low hiring environment" in the economy right now. When asked if it's AI, Powell shrugged: "there may be something there."

Fortune

Why Active Investors Are Losing The Game In Today's Stock Market

Beating the SP 500 used to be the goal for active investors — now it's more like chasing a mirage.

Benzinga

'Human skills' are at a premium again now that big companies are backpedaling on error-prone AI

“What I'm seeing happening is the humans are coming back into the loop," Kelly Monahan, MD of the Upwork Research Institute, told Fortune.

Fortune

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Top economist Torsten Slok warns of an ‘inflation mountain’ in a potential repeat of the ’70s

“The risks are rising that we could see another ‘inflation mountain’ emerge over the coming months,” Apollo Global’s chief economist said.

Fortune

Truflation's Inflation Spike Rockets To 7-Month Peak, Casting Doubt On Fed Rate-Cut Cheerleaders, Says Jim Bianco

The President and founder of Bianco Research LLC., Jim Bianco, is sounding the alarm on inflation, pointing to a recent surge in a real-time inflation metric as a challenge to hopes for Federal Reserve rate cuts.

Benzinga

‘It’s almost tragic’: Bubble or not, the AI backlash is validating one critic’s warnings

Gary Marcus told Fortune that AI valuations remind him of Wile E. Coyote. “We are off the cliff.”

Fortune

Powell’s ‘unusual’ Jackson Hole remarks reveal he’s boxed in by Trump’s tariffs and deportations, risking a 1970s-style mistake, economist Slok says

If inflation starts climbing again after a rate cut, “the Fed will have to reverse course—and in the worst case, start hiking again,” Slok said.

Fortune

Unemployment Claims Rise–And That's A Problem For The Fed

After more than a month of steady declines in weekly jobless claims, the first signs of weakness are starting to emerge, as a rise in unemployment is once again drawing attention to the disappointing jobs report released last week.

Benzinga

AI Bubble Is More Unhinged Than Dot-Com—A Chilling Warning From The Inside

Today's AI-fueled market frenzy is even more dangerously inflated than the 1990s internet bubble that ended with a historic crash in 2000.

Benzinga

The AI boom is now bigger than the '90s dotcom bubble—and it's built on the backs of bots, maybe more than real users

Automated bots now make up more than half of global internet traffic, surpassing human-generated activity for the first time in 2024.

Fortune

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Fortune

CEOs are in distress and consumers fear job losses amid ‘stagflation shock,’ economist warns

New research from Apollo Global Management outlines the tariff impact on U.S. businesses and consumers. Signs are pointing toward recession by summer.

The Independent UK

Recession ‘absolutely’ will happen if Trump’s tariffs remain, top financial expert says

‘We will have bankruptcies of retailers of very significant magnitudes if this is allowed to continue,’ Torsten Slok says

The Independent UK

Will the tariffs lead to a recession? Here's how to know if we're in one

President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession

Fortune

The housing market now has more ‘downside risks’: layoffs from DOGE and the trade war

A week of back-to-back housing data revealed a tiny boost in sales and modest improvement where home prices and mortgage rates are concerned. But don’t be fooled, housing is still unaffordable for many.

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Fortune

A staycation nation: Americans hit a 15-year low in travel planning

Blame policy uncertainty on Trump 2.0, according to Apollo chief economist Torsten Slok.

Fortune

Top economist: More people are looking for a job, but not because they were laid off

The unemployment rate reflects the fact that the number of workers is growing, not that more people are losing their jobs.

Fortune

Apollo's chief economist defies Fed’s hawkish pivot; no rate hikes this year despite ‘dramatic turnaround’

Yet Federal Reserve Bank of Minneapolis President Neel Kashkari recently refused to rule out interest rate hikes.

Fortune

Americans still haven’t run out of pandemic savings quite yet, JPMorgan study finds

The biggest question facing economists is when will consumers burn through their COVID-era piggy bank.

Fortune

The most predicted recession ever maybe won’t happen. Get ready for the ‘asset class recession’

An asset class recession would hit at a uniquely vulnerable time, as the share of Americans invested in stocks hasn’t been so high since the Great Financial Crisis.

Fortune

'The credit crunch has started' and it could have big recession implications

It was easy to put things on the proverbial credit card during the free money era.

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