False posts claim ‘8 million Buddhists killed’ in Indonesia anti-communist purges

Posts repeatedly shared in Myanmar falsely claimed Muslims massacred “eight million Buddhists” in Indonesia in 1965, completely wiping out Buddhism in the archipelago. Multiple scholars told AFP the posts, which shared unrelated photos, misrepresented mass killings in Indonesia in the mid-1960s which they said targeted communists and not Buddhists. The latest government data showed there … Read more

MicroStrategy Slumps 14% After Short Seller Says Stock Trades at an Unjustifiable Premium to Bitcoin

Kerrisdale Capital is short MicroStrategy stock and long bitcoin. The stock’s relative attractiveness doesn’t justify paying more than double for the same coin, Kerrisdale said. MicroStrategy is no longer a unique way to gain access to bitcoin, it said. MicroStrategy’s (MSTR) shares fell as much as 14% on Thursday after a prominent short seller, Kerrisdale … Read more

Pennsylvania man in ‘Scream’ mask killed neighbor with chain saw, then went home to watch a movie, police say

A Pennsylvania man attacked and killed his neighbor this week using a knife and a chain saw while wearing a mask and costume like the one from the movie “Scream,” officials said. The man then returned home and watched a movie until police came, according to a criminal complaint from the Pennsylvania State Police. Police … Read more

Georgia teachers and state employees will get pay raises as state budget passes

ATLANTA (AP) — Pay raises for Georgia’s public school teachers and state employees were never in doubt politically from the moment Gov. Brian Kemp proposed them, but lawmakers finally clinched the deal on Thursday, passing a budget that also boosts spending on education, health care and mental health. Senators and represenatives worked out their differences … Read more

The Fed’s rate-cut projections are pointing to an imminent recession, economist says

Yuichiro Chino/Getty Images The Fed’s interest rate forecasts signal an imminent recession, economist David Rosenberg says. In previous soft landings, the Fed usually cut rates by 75 basis points, but they’re forecasting a 150 basis-point reduction by 2025. Stock investors are eagerly awaiting the central bank’s pivot to looser monetary policy. The Federal Reserve’s interest … Read more

Thinking of buying a home soon? Read this first. Today’s top stories

Happy post-Opening Day Friday, Cincinnati. I’m Enquirer business reporter Randy Tucker. As someone who’s been covering the housing market for the past several years, I was surprised by the latest monthly data showing more homes for sale and inventory levels creeping up. I thought buyers might finally catch a break in a market that has … Read more