After repeatedly churning out disappointing economic data, banks are slashing China’s growth outlook for 2023. Many economists now say the modest 5% growth target China set in March is now at risk, with JPMorgan Chase cutting its estimate to 4.8% and Barclays going down to 4.5%. The world’s second-largest economy cut two key policy rates…

Five Americans imprisoned in Iran are a step closer to coming home. A proposed agreement with Iran calls for the U.S. to hand over $6 billion in Iranian assets blocked under U.S. sanctions in exchange for the eventual return of five U.S. citizens who are now under house arrest. Straight Arrow News contributor Peter Zeihan explains…