In June, US President Barack Obama passed a grim milestone. His administration has been at war longer than that of any other US president.
When Obama ascended to office, he pledged to end what has become America's longest war.
The conflict in Afghanistan has been ongoing since 2001.
But at Obama's last NATO press conference on Saturday in Warsaw, one reporter noted that he could end up being the only president in the nation's history to have served two complete terms with the country at war (if
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-
Obama had an interesting response when he was asked if Americans should be 'resigned' to living in perpetual war
-
OBAMA: As painful as this week has been, I firmly believe that America is not as divided as some have suggested
Speaking in Poland on Saturday, President Barack Obama addressed the recent events in Dallas, as well as the killings of Alton Sterling and Philando Castile.
"This has been a tough week. First and foremost for the families [of] who'd been killed. But also for the entire American family," he said.
But "as painful as this week has been, I firmly believe that America is not as divided as some have suggested," he added.
Obama's comments come after two black men — -
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This map shows how bad income inequality is in your state
Rising inequality is one of the major problems developed economies face today — and the US is no exception.
The top 1% of American earners captured 20.1% of all the income in the US in 2013, according to a new report from the Economic Policy Institute.
And from 2009 to 2013, the top 1% took home 85.1% of total income growth.
Moreover, the average American one-percenter's income of over $1.1 million is 25.3 times as much as the average income of everyone else & -
The bond market has 99 solutions, and one problem
Central banking policy has had an extraordinary impact on the US corporate bond market.
Over the past 8 years, the market has expanded rapidly and now stands at ~$8.5 trillion in notional size, which is almost double the size of the market in 2006 (~$4.5 trillion).
As US corporations continue to utilize copious amounts of debt capital to finance themselves, the US corporate bond market gradually assumes the position of being the most systemically important market in the US financial system. Desp -
The bond market is 'throwing a curveball' (TLT, TLO)
This could help settle one of the biggest debates in the bond market right now.
US Treasury yields have been falling as strong demand for Treasurys — a safe investment in volatile times — drove up bond prices. On Wednesday, the 10-year yield fell to a record low.
The drop in yields of various durations has flattened the curve that plots them. This flattening is sometimes used as an indicator of a recession.
So we should be worried about a recession, right? Wrong, according to Citi FX -
UBS CIO: There's one election scenario that could completely blindside the market
At UBS' CIO Global Forum last week, attendees were polled about what kept them up at night.
Donald Trump was up there with kids, terrorism, and work.
And so, at least judging from the pros in that room, investors are starting to worry about the downside of a win by the Republican presidential frontrunner.
But they are overpricing that risk, and the real thing they should be focused on has less to do with who becomes president, according to Mark Haefele, chief investment officer at UBS Wealth Man -
The Bahamas just issued a travel warning to the US
The Bahamas issued a travel advisory for its citizens who plan to travel to the US, citing the recent shootings of black men by police officers.
"The Ministry of Foreign Affairs and Immigration has taken a note of the recent tensions in some American cities over shootings of young black males by police officers," the statement says.
"We wish to advise all Bahamians traveling to the US but especially to the affected cities to exercise appropriate caution generally," it continued."In particul -
Something odd is happening right when the stock market closes
The stock market has bounced back after the UK's shock decision to leave Europe, with many equity benchmarks right where they were before the vote.
Does that mean risk-taking is back? Nope.
Big-time traders are back in the market during the day, but they're also avoiding what is called overnight risk.
Credit Suisse took a look at the percentage of the day's US stock trading volume that is in the MOC print, or market on close. This is a kind of order that is executed as -
There's finally a light at the end of corporate America's darkest tunnel (SPY, SPX, USD, DXY, USO, WTI, OIL, VDE, AA)
America's largest companies have had negative profit growth for three straight quarters.
On Monday, when the aluminum giant Alcoa unofficially kicks off the second-quarter earnings season, analysts expect it will report a fourth-straight quarterly decline in year-over-year profits.
But the broader S&P 500 could be different.
Liz Ann Sonders, chief investment strategist at Charles Schwab, thinks that the first quarter may have marked the inflection point of the earnings -
This chart highlights one of Europe's biggest problems
Since the global financial crisis, high youth-unemployment rates have been a problem across the world.
One region that has been hit particularly hard by this problem is Europe — in both its developed economies and its emerging ones.
In a recent note to clients, Bank of America Merrill Lynch's Michael Hartnett and Brian Leung shared a chart showing the youth-unemployment rates across EU countries.
Overall, the EU youth-unemployment rate is about 20%. However, the countries with the highest -
The millennials' children are here, and they need babysitters
Folks, millennials are growing up.
And as millennials grow up, they begin to do things their parents did.
For example: have kids.
In 2014, the US birth rate increased for the first time since 2007, and millennials — which recently became the largest generation in the US, overtaking baby boomers — are beginning to move into their prime family-building years.
And what often follows children? Babysitters! Enter: the jobs.
On Friday, the June jobs report showed that the number of people -
This might be the most bearish thing we've read about Apple so far (AAPl)
Analysts at Oppenheimer are lowering their view of Apple ... again.
The company is usually beloved by investors — 39 of 45 analysts tracked by Reuters think the company will outperform the market in the coming months, which makes the negative outlook even more surprising.
"We downgraded on April 27 at $104.35 based on a bearish outlook for the iPhone 7 cycle. We believe incremental design changes this year will not be compelling enough to drive an upgrade cycle and continue to believe -
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