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The Latest Breaking News from David Kelly

Top analyst sees 'genuine cracks for mid- to lower-end consumers' as the K-shaped economy continues to bite

Mid- to lower-income households are struggling with an "affordability crisis," notes Lisa Shalett of Morgan Stanley Wealth Management. Credit stress is "flashing yellow."

Fortune

Morning Mail: Hannah Clarke’s last texts, Korea’s coal change, Trump ‘panicking’ over Epstein

Our investigation sheds new light on the final weeks of the Brisbane mother’s life; exporters put on notice over country’s fossil fuel switch off

The Guardian - AU

Trump blames 'Too Late Powell' for the housing crisis—but top analysts say low rates 'snapped the trap shut' on Millennial and Gen Z homeowners in the first place

Despite multiple Fed cuts, mortgage rates remain elevated as lenders largely ignore monetary policy amid tight housing supply, pandemic-era buying.

Fortune

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'Going Broke Slowly': Top Strategist Sounds Alarm On Mounting US Debt Fueled By Political Decisions

The U.S. is heading towards a financial crisis, and the process is happening at a slow pace, cautioned David Kelly, the chief global strategist at J.P. Morgan Asset Management.

Benzinga

Stock Market Today: S&P 500, Nasdaq Futures Rise— Bank Of America, Morgan Stanley, Abbott Earnings In Focus (UPDATED)

Editor’s note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.

Benzinga

America is ‘going broke slowly’ says J.P. Morgan, as national debt balloons and tariff revenue looks shaky

The risk is “that we move from going broke slowly to going broke quickly,” Kelly says.

Fortune

Leading across borders: How Hilton adapted a winning culture to 50 European countries

Part of Hilton's success as an employer comes from a comprehensive set of structured employee benefits and support programs.

Fortune

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Hero waiter foils potential bloodbath after overhearing customers talk about shooting up nearby bank: police

Police allegedly found David Kelly and Bryan Hardin sitting in a car outside a Wells Fargo bank when they were arrested

The Independent UK

The 'Warren Buffett Indicator' has surged above 200%, meaning the market's price is far ahead of the economy's size

Buffett has likened investing in this environment to "playing with fire."

Fortune

Top analyst says the U.S. bull market dates all the way back to the 1980s, and stocks just hit a potentially unsustainable 363% of GDP

It was only 212% at the height of the dotcom bubble, according to calculations by JP Morgan Asset Management's David Kelly.

Fortune

The Fed got it wrong and is late again, top economist says, as job gains collapse

"So could they play catch-up? Yes, they could. Hopefully they will, but it's a more risky operation than a lot of people expect it to be."

Fortune

Frank Grimes obituary

Actor who had a long career on the London stage, mentored by Lindsay Anderson, and appeared in films and popular TV series

The Guardian - UK

US Could See 5-Year Worker Growth Slump, Warns Wall Street Strategist, Calls For 'Exceptional Caution' Before Rate Cuts

The U.S. labor market could potentially see no growth in workers over the next five years, warns David Kelly, chief global strategist at JPMorgan Asset Management.

Benzinga

Top analyst says the next 5 years could see 'no growth in workers at all' and sends a warning about the fate of the U.S. economy

Investors may want to think twice about betting broadly on a “strongly rising U.S. economic tide,” JPMorgan’s David Kelly writes. Same with lower interest rates.

Fortune

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The Guardian - UK

Lisa Nandy trying to bully BBC over its Gaza coverage, says Wolf Hall director

Exclusive: Peter Kosminsky accuses government of acting like ‘tinpot dictatorship’ in pressuring director general

The Guardian - AU

As a male kinder teacher I agree more needs to be done to protect children. But the solution is not to vilify people like me

Children deserve the best educators, regardless of gender. And the men who choose to work in this field deserve to do so without being seen as threats

The Guardian - AU

Harvey Coyne is facing triple-heart bypass surgery. His social housing provider wants to evict him

Court documents allege the 66-year-old Noongar man was sent termination notice while hospitalised and grieving the death of his nephew

Evening Standard

Iraqi asylum seeker has deportation delayed after people smuggler ‘threw away his phone and ID’

The man reportedly fled Iraq after he was threatened with arrest for alleged exam fraud

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The Guardian - AU

Minns says alleged Islamophobic threats against Lakemba mosque ‘truly disgusting’ – as it happened

This blog is now closed

The Independent UK

Golden State Warriors blend sports and music with new album from their groundbreaking record label

The Golden State Warriors are known for their electrifying plays and superstar Stephen Curry, but now the team is pioneering a fresh gameplan: blending sports and entertainment in a way no NBA franchise has before

The Guardian - AU

Queensland’s veteran human rights warrior on ‘miscarriages of justice’ past and present

Retiring criminal lawyer Terry O’Gorman, who famously took on Joh Bjelke-Petersen, is withering about David Crisafulli’s new law and order crackdown

The Guardian - UK

David Hill obituary

No 10 director of communications for Tony Blair who was respected by politicians and the media for his honesty

Fortune

The S&P 500 will jump 10% over the next year to 6,300, Goldman Sachs says

The index has rallied 20% so far this year.

Fortune

The economy is headed for a soft landing but investors should still reduce risk, JPMorgan strategy chief warns

Investors are "passively allowing risk to accumulate," JPMorgan Asset Management’s chief global strategist David Kelly told Business Insider.

The Conversation

A new play brings Trent Dalton’s Love Stories to the stage in a joyful and exuberant celebration of love

Unapologetically sentimental, uncynically joyful, and brimming with wholeheartedness, Love Stories delivers exactly what its title promises.

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