#Legendary investor sees recession by year end

#Legendary investor sees recession by year end

Bill Gross, the co-founder of Pacific Investment Management Co. (PIMCO), predicted that the United States will be in a recession by the fourth quarter. Gross said that he will buy futures that are connected to the Secured Overnight Financing Rate (SOFR). The Federal Reserve of New York defines the SOFR as “a broad measure of the cost…

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#Supreme Court will hear Biden social media case this term

#Supreme Court will hear Biden social media case this term

The Supreme Court said Friday it will consider a social media censorship case brought against Biden administration officials in its next term, setting up a legal battle with resounding implications for online speech.   The high court also issued a stay in an injunction ordered by the 5th U.S. Circuit Court of Appeals, pausing its effect until the justices decide…

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