Recession Indicators Fail to Predict Economic Downturn as Stock Market Reaches New Highs
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#4ec4e84a ver:0.46
Despite the recent record highs in the stock market, two popular recession indicators, the yield curve and the Conference Board's Leading Economic Index, have failed to accurately predict economic downturns in recent years. The yield curve, which inverts when the yield on the 10-year note falls below the yield on the 2-year note, has historically been followed by recessions. However, the inverted yield curve is not very precise in predicting when recessions will start. Similarly, the Conference Board's Leading Economic Index, which combines market and economic metrics, has also failed to forecast recessions in recent years. Despite these indicators falling short, the stock market has performed well and the economy remains strong. The Federal Reserve has maintained its benchmark interest ra...
#newstr #Recession #StockMarket #YieldCurve #LeadingEconomicIndex #FederalReserve #HomeSales #UnemploymentClaims #NewHomeConstruction
Biden and Trump Ask Voters if They're 'Better Off' Than They Were 4 Years Ago
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#1cd666af ver:0.15
A new perspective on voters' perception of former President Donald Trump's presidency has emerged from New York Jets owner Woody Johnson. Johnson stated that voters remember that life was 'better' under Trump, specifically referring to the state of the economy, border security, and grocery prices. Johnson's observation aligns with recent polling data that shows Trump with a 22% lead over President Joe Biden in handling the economy . Additionally, a separate poll revealed that a majority of respondents believe Trump would beat Biden in a potential rematch .
However, a recent analysis by The Washington Post challenges the notion that the country was better off under Trump's last year in office. The article highlights that four years ago, the stock market was collapsing as the country spiral...
#newstr #Trump #Biden #2024Election #Covid19 #Pandemic #Economy #Poll
United States Slips Out of Top 20 Happiest Countries, Youth Bear Economic Discontent
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#c456655c ver:0.5
The United States has slipped out of the top 20 happiest countries in the world, with its youth bearing the brunt of economic discontent. Economic maven Mike Shedlock blames President Joe Biden's policies for sowing division and argues that Black Americans and those under 30 face an uphill battle. Shedlock highlights high home prices, stagnant salaries, student debt, and a challenging job market as factors contributing to the discontent. Shedlock notes a shift in political sentiment among the youth, potentially foreshadowing future electoral outcomes. However, defenders of the administration, like comedian Bill Maher, point to economic indicators like a soaring stock market and successful pandemic recovery as reasons for optimism. Shedlock rebuffs these arguments, emphasizing that economic...
#newstr #Happiness #EconomicDiscontent #Youth #JoeBiden #BlackAmericans #HomePrices #Salaries #StudentDebt #JobMarket #PoliticalSentiment #EconomicIndicators #StockMarket #PandemicRecovery #FederalReserve #GreenEnergy #Inflation #Affordability #EconomicReforms
The Potential of AI to Drive Economic Growth in South Africa
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#59e330d0 ver:0.19
Artificial intelligence (AI) has the potential to unlock South Africa's economic potential, according to an article from CNBC Africa . The article features insights from industry experts, including Professor Mark Nasila, Chief Data & Analytics Officer at FNB Chief Risk Office, Charity Wayua, Director at IBM Research Africa, Vaughn Naidoo, GM: B2B Technology at MTN Centre of Excellence (CoE), Venolan Naidoo, Lawyer at Fasken Law Firm, and Niall Ferguson, an author and commentator.
The article emphasizes the importance of AI in driving economic growth and highlights the potential benefits it can bring to South Africa. While specific numbers, dates, and timelines are not provided, the experts discuss how AI can contribute to various sectors, including finance, healthcare, and telecommunicati...
#newstr #Ai #Technology #Moore'sLaw #Agi #JobMarkets #AiAdoption
Cameroon Expresses Interest in Joining BRICS Alliance, Further Strengthening De-Dollarization Efforts
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#bddbf015 ver:0.33
BRICS, consisting of Brazil, Russia, India, China, and South Africa, is gaining international attention as it currently accounts for one-third of the world's GDP and represents 40% of the global population. The term BRIC was coined in 2002 by British economist Jim O'Neill. However, BRICS still lacks a well-organized organizational structure and political convergence. The New Development Bank, founded in 2014, aimed to compete with the IMF and the World Bank but has not achieved its goals. The BRICS countries can be divided into two groups based on their economic structures: Russia, Brazil, and South Africa rely heavily on raw material exports, while India and China exhibit industrializing tendencies. India and China were less affected by the 2009 crisis and have sustained GDP growth rates ...
#newstr #Brics #Cameroon #Dedollarization #LocalCurrencies
Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/9030cdb1-fd27-4a8a-ba9b-ed73422fec00/screenshot
April 2024 Total Solar Eclipse and First Lunar Eclipse of 2024 Offer Unique Celestial Experiences in the USA
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#d744bb76 ver:0.31
During the total solar eclipse on April 8, 2024, spectators will have the chance to participate in scientific experiments and contribute to research conducted by NASA and other organizations. This eclipse is expected to be a scientific bonanza due to the proximity of the moon to Earth and the availability of new spacecraft and telescopes. Spectators will act as 'citizen scientists' and assist in various research activities. They will have the opportunity to photograph the sun's corona, observe changes in animal behavior, measure temperature drops, monitor cloud formations, and use ham radios to assess communication disruptions. Additionally, rockets will be launched into the ionosphere, and NASA's high-altitude jets will study the sun's corona and surrounding dust. More than 600 weather ba...
#newstr #TotalSolarEclipse #LunarEclipse #Usa #Astronomy
RBI initiates special audit for regulatory breaches by IIFL Finance and JM Financial Products
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#3ee023f6 ver:0.04
The Reserve Bank of India (RBI) has taken action against IIFL Finance Ltd and JM Financial Products Ltd (JMFPL) for non-compliance with regulatory guidelines. As a result, the RBI has initiated the process of appointing auditors to conduct a special audit of both companies to further investigate their regulatory breaches .
The RBI has issued separate tenders for the appointment of auditors for IIFL Finance and JM Financial Products. The deadline for submitting bids is April 8, and the selected firms will be awarded the work on April 12, 2024. This special audit is expected to provide a detailed examination of the companies' operations and shed light on the extent of their regulatory breaches .
Earlier this month, the RBI imposed restrictions on IIFL Finance and JM Financial Products due ...
#newstr #Rbi #Audit #RegulatoryBreaches #IiflFinance #JmFinancialProducts
The Looming Crisis for Social Security: Benefit Cuts and Proposed Solutions
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#c5a4a3da ver:0.04
Nikki Haley, a Republican presidential hopeful for 2024, has gained support by addressing the hard fiscal truths about social program spending and the national debt. She has proposed raising the Social Security retirement age, pegging cost-of-living adjustments to a lower inflation measure, and limiting entitlement benefits for higher-income retirees . However, the feasibility of these proposals has been questioned. An article by MarketWatch highlights that raising the retirement age and reining in benefits for higher earners would not have an immediate impact on the Social Security budget and would only fill in a small portion of the funding gap . While these ideas may be reasonable, they are not sufficient to solve the problem. Despite this, Haley's campaign has gained traction, with pol...
#newstr #SocialSecurity #Retirement #Benefits #Taxes #Congress #FiscalConservatism #RetirementAge #EntitlementBenefits #FundingGap #MentalCompetencyTests #TermLimits #SupremeCourt #PotentialRetirement
The Inclusion of Women's Household Work in US CPI Consumption Survey
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#28d773c2 ver:0.16
Republican lawmakers across the U.S. are increasingly supporting plans to invest in child care, recognizing it as a crucial economic issue . In North Dakota, Republican state Rep. Emily O'Brien successfully advocated for a $66 million investment in child care to address the state's workforce shortage . Similarly, Missouri's Republican Governor, Mike Parson, has proposed spending nearly $130 million to help low-income families access child care and create tax credits for child care providers . Other red states, including Louisiana, Alabama, and Texas, have also made significant investments in child care . However, child care advocates argue that these investments are not sufficient and call on Congress to authorize new funding to sustain the child care industry .
A Bank of America analysis...
#newstr #GenderDisparity #LaborMarket #Women'sEmployment #UsCpi #ConsumptionSurvey
Financial Challenges and Loneliness Contribute to Decline in Happiness Among Young Americans
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#c456655c ver:0.49
The US economy is showing signs of improvement, with the GDP growing by 3.3% in the fourth quarter of 2023 and the unemployment rate below 4%. However, despite these positive indicators, many Americans are still facing financial challenges .
According to Northwestern Mutual’s 2024 Planning & Progress Study, Americans have a more optimistic view of the direction of the US economy than they did a year ago, but their feelings of financial insecurity have hit a record high. Just over half (54%) of US adults think that the US will enter a recession this year, a drop from the two-thirds (67%) who predicted a recession last year. At the same time, one-third (33%) of adults said that they do not feel financially secure, representing a jump from 27% who said the same last year and is the highest l...
#newstr #UsEconomy #FinancialChallenges #Happiness #Loneliness #YoungAmericans
Bluzelle (BLZ), Zebec (ZBC), and FUZE (FUZE) Tokens Face Different Levels of Risk as Prices Drop
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#6db93b3f ver:0.07
Bluzelle (BLZ), a blockchain company that aims to empower content creators and innovators, is facing moderate risk as its token price drops. According to a recent risk assessment by InvestorsObserver, Bluzelle has received a medium Risk/Reward Score, indicating a moderate risk investment . The token has traded -7.12% lower over the past 24 hours, with volume below average and a decrease in market capitalization. Despite the price volatility, investors are not overly concerned about the token's manipulability at the moment. Bluzelle currently has a market capitalization of $168,650,358.26, and $51,828,713.83 worth of the token has traded in the last 24 hours .
In contrast, Zebec (ZBC) has received a low Risk/Reward Score based on a proprietary scoring system that calculates the risk of man...
#newstr #Bluzelle #Zebec #FuzeToken #Cryptocurrency #RiskAnalysis #Investment
New Police Commissioner Announces Major Leadership Changes in Jamaica Constabulary Force
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#7e6a0d34 ver:0.09
The newly appointed Police Commissioner of Jamaica, Dr. Kevin Blake, has announced significant changes to the leadership roles within the Jamaica Constabulary Force (JCF). The changes were published in the JCF's weekly Force Orders, marking the first publication since Commissioner Blake assumed his role on March 19, 2024. The changes affect various levels of the JCF, including the High Command, senior management, and middle management.
Effective April 2, 2024, the following changes will take effect:
- Deputy Commissioner of Police (DCP) Clifford Blake will oversee the Inspectorate & Professional Standards Oversite Bureau (IPROB).
- Assistant Commissioner of Police (ACP) Warren Clarke will be responsible for the Strategic Operations Portfolio.
- ACP Karina Powell Hood will lead the Force ...
#newstr #JamaicaConstabularyForce #LeadershipChanges #KevinBlake
UConn Huskies and Syracuse Orange Advance in NCAA Basketball Tournament
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#b0bc18e8 ver:0.21
The UConn Huskies emerged victorious in their basketball game against the Stetson Hatters in the NCAA Round of 64 . The game took place on March 22, 2024. The UConn Huskies, currently ranked 2nd in the ASUN D-I conference, faced off against the Stetson Hatters, who are ranked 1st in the BIGE D-I conference .
Unfortunately, the article does not provide specific details about the final score or the leading scorers in the game .
For those interested, the Yahoo Sports website provides live game updates, stats, and play-by-play coverage of the UConn Huskies vs. Stetson Hatters basketball game .
In addition to the game coverage, the article also mentions various merchandise related to the Stetson Hatters, including a Women's Gameday Couture Charcoal Stetson Hatters Victory Lap Leopard Standar...
#newstr #NcaaTournament #SurvivorPool #Strategy #Advice #SecondRound #Picks #WinOdds #FutureValue #Popularity #BracketPools #Diversification
'Kingpin Of Crime Finally Brought To Justice': Smriti Irani On Arvind Kejriwal's ED Custody
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#278ebcde ver:0.23
Justice N Santosh Hegde, a former Supreme Court judge and Lokayukta of Karnataka, has expressed his disappointment with Arvind Kejriwal, the Chief Minister of Delhi. Hegde's disappointment stems from what he perceives as Kejriwal's failure to fulfill his promises and live up to the expectations of the people. Hegde, who had previously supported Kejriwal and the Aam Aadmi Party (AAP), stated that he is now 'totally disappointed' with Kejriwal's performance. He believes that Kejriwal has not been able to effectively address the issues of corruption and governance in Delhi, which were the main reasons for his support. This statement by Justice Hegde adds to the growing criticism of Kejriwal and the AAP government in Delhi.
In another development, Arvind Kejriwal, the Chief Minister of Delhi,...
#newstr #ArvindKejriwal #EnforcementDirectorate #AamAadmiParty #Delhi #ChiefMinister #Arrest #WaterSupply #Government #Jail
HP Unveils Lightweight AI-Enhanced Pavilion Aero 13.3 inch Laptop PC
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#2efab2aa ver:0.24
HP Inc. has announced the HP Pavilion Aero 13.3 inch Laptop PC, a lightweight consumer laptop with AI-enhanced technology and a sustainable design. Weighing under 2.2 lbs, the laptop features a recycled magnesium-aluminum chassis. It offers a 5 MP AMD display with AMD FreeSync support, a 2.5k resolution WQXGA display for virtual meetings, and a manual camera shutter for privacy. The laptop also includes Windows Hello facial recognition for enhanced security. With up to 12 hours of battery life and HP Fast Charge via USB-C, the Pavilion Aero is designed for portability and productivity. Gadget Flow rates the laptop 9.3/10 for its uncompromising efficiency. The HP Pavilion Aero 13.3 inch Laptop PC is available for purchase directly from trusted sellers.
HP Inc. announced the industry’s lar...
#newstr #HpPavilionAero #Laptop #AienhancedTechnology #Portability #Collaboration #SustainableDesign #AmdDisplay #BatteryLife #Privacy #Security
Etesian Wealth Advisors Inc. Adjusts Holdings in Multiple ETFs
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#f81c1d9d ver:0.08
Cambridge Investment Research Advisors Inc. and Etesian Wealth Advisors Inc. have made adjustments to their holdings in several exchange-traded funds (ETFs) in recent quarters, according to filings with the Securities and Exchange Commission (SEC).
In the second quarter, Cambridge Investment Research Advisors Inc. increased its holdings in iShares Core MSCI Europe ETF by 7.5%, purchasing an additional 1,419 shares. As of the most recent filing, Cambridge Investment Research Advisors Inc. now owns 20,214 shares of the ETF, with an estimated total value of $1,064,000. This move reflects the firm's confidence in the European market and its belief in the long-term growth potential of the iShares Core MSCI Europe ETF.
In the third quarter, Cambridge Investment Research Advisors Inc. reduced i...
#newstr #Etf #Investment #EtesianWealthAdvisorsInc #CambridgeInvestmentResearchAdvisorsInc
Northwest Indiana's Economy Thriving and on the Right Path, Says Economist Micah Pollak
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#35cb4386 ver:0.07
Northwest Indiana's economy is on the right path to success, according to an interview with Micah Pollak, an associate professor of economics at Indiana University Northwest . Pollak highlights the region's economic advantages, including its proximity to Chicago, strong logistics, quality schools, and recreational amenities. He acknowledges the challenges the region has faced in the past, such as population out-migration and a focus on single industries and housing. However, he believes that as Northwest Indiana addresses these challenges and develops a more diverse mix of industries and housing, the gap between the region and the state and nation will continue to narrow. Pollak points to recent population growth in the region, driven by positive net domestic migration, as a positive sign ...
#newstr #NorthwestIndiana #Economy #MicahPollak #PopulationGrowth #HousingMarket #IndustrialSector #ServiceSector #TechnologySector #RetailSector
Boubyan Bank's General Assembly Approves Distribution of Dividends and Bonus Shares
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#bd3d68a0 ver:0.05
Bank of America (BofA) reported a net income of $7.8 billion for the third quarter, representing a 10% increase compared to the same period last year. The bank's revenue also rose to $25.2 billion, slightly surpassing expectations .
The growth in profit was driven by several factors. Bank of America's consumer banking unit experienced a 6% increase in revenue, with spending on debit and credit cards rising by 3%. Additionally, the bank saw strong performance in its investment banking and trading divisions, with investment banking fees rising 2% and sales and trading revenue reaching its highest level in over a decade, up 8% .
Bank of America's average deposit balances rose to $1.9 trillion, while average loan and lease balances increased to $1 trillion. However, the bank also reported un...
#newstr #BankOfAmerica #FirstAbuDhabiBank #AlAnsari #AttijariwafaBank #BoubyanBank #Dividends #BonusShares #FinancialResults #Strategy #Growth #IslamicBank #DigitalBanking #Awards #NomoBank
US Market Rally Broadens as Investors Seek Winners Beyond Tech Giants
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#1dc04428 ver:0.17
The US stock market rally is showing signs of broadening as investors shift their focus beyond the mega-cap tech stocks that have been driving gains. A more reassuring economic outlook and dovish signals from the Federal Reserve have prompted investors to seek winners in sectors such as financials, industrials, and energy, which are outperforming the S&P 500's year-to-date gain of 9.7%. This broader rally indicates that market leadership is becoming less concentrated and less susceptible to a correction.
The Magnificent Seven tech stocks, including Nvidia and Meta Platforms (formerly Facebook), have been responsible for a significant portion of the S&P 500's gain so far this year. However, the rally in other sectors such as financials, industrials, and energy is reducing the dominance of ...
#newstr #UsStockMarket #TechGiants #FederalReserve #Inflation #EconomicGrowth