Jeffrey Gundlach, the chief executive of investment management company DoubleLine Capital, expects a U.S. recession as soon as this year, he said on Thursday, as higher interest rates pressure U.S. consumers and companies. Signals of brewing trouble in the U.S. economy such as rising credit card delinquencies and softer retail sales data suggest the possibility of an economic contraction is more imminent than the risk of an inflationary rebound, he said. "There's a lot of recessionary signals out there," he said, speaking at a webinar hosted by David Rosenberg, founder and president of Rosenberg Research.
A Holocaust museum in New York City will offer free educational field trips to eighth grade students in public schools in a program announced Thursday aimed at combating antisemitism. The program will allow up to 85,000 students at traditional public schools and charter schools to tour Manhattan’s Museum of Jewish Heritage over the next three years, starting this fall. New York City is the largest school district in the nation, serving more than a million students.
A woman who left during a one-day van tour in the iconic park and didn’t return was rescued the following day from a steep, loose ridge.