Oppenheimer and HSBC raise year-end targets for S&P 500 amid positive earnings outlook
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Oppenheimer Asset Management has become the most bullish among global brokerages in its year-end target forecast for the S&P 500. It raised its target for the index to 5,500 from 5,200 and also raised its annual S&P 500 earnings-per-share forecast to $250 from $240. HSBC also raised its year-end target for the S&P 500 to 5,400 from 5,000, assuming a soft landing for the U.S. economy. The revised target is based on better earnings expectations, supported by resilient GDP growth and recent earnings beats. The second half of 2024 is expected to be more volatile due to U.S. elections, elevated earnings expectations, and a shifting narrative on interest rate cuts by the Fed .
The S&P 500 reached a fresh closing high of 5,178.51 on March 19, 2024, marking a new milestone for the index. This com...
#newstr #S&p500 #OppenheimerAssetManagement #Hsbc #EarningsForecast #GdpGrowth #InterestRates
Connected TV Advertising in the US Expected to Generate $20 Billion in 2024
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The US ad market is projected to experience 5.6% total growth in 2024, with connected TV (CTV) expected to generate $20 billion in ad revenues this year. This represents an 18% growth compared to the previous year. By 2024, CTV is projected to account for 29% of all TV advertising. In contrast, national TV ad revenues are expected to decline by 3.5% in Q1 and 3.2% for the full year. However, the Olympics is expected to provide a boost to TV advertising. Additionally, the introduction of Amazon Prime Video's new ad-supported tier is anticipated to generate significant revenue. The digital advertising sector is expected to grow its share of ad revenues from 64% in 2023 to 76% in 2028. Commerce media is forecasted to double in size over the next five years, while social media is expected to g...
#newstr #Ctv #Advertising #Us #Revenues #Growth #Tv #DigitalAdvertising #CommerceMedia #SocialMedia
Trump's Proposed Tariffs on Chinese Imports Could Have Significant Economic Impact
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Former President Donald Trump is considering imposing more tariffs, including a 100% tariff on cars made outside the US, if reelected. Trump's previous trade wars have already cost Americans $230 billion, with over half of the duties collected during the Biden administration. Tariffs are a form of tax paid by American importers, not foreign countries. Despite the significant cost, Trump's tariffs were politically successful, as they influenced voters in regions heavily impacted by import tariffs to support Trump and elect Republicans to Congress. However, these tariffs resulted in higher prices for US consumers and job losses in the manufacturing sector. The tariffs were intended to pressure China to address unfair trade practices, but a phase two agreement was never reached between the US...
#newstr #Trump #Tariffs #ChineseImports #Economy #TradeWar
Peter Schiff Discusses Consequences of US Debt Cycle and Criticizes Government Regulation
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Renowned economist Peter Schiff recently gave an interview in which he discussed the consequences of America's debt cycle and criticized government regulation. Schiff highlighted the role of the Federal Reserve in monetizing the debt and emphasized the importance of technological advancement in helping the economy survive while addicted to debt. He expressed his belief that politicians will choose inflation and devaluation as a solution to economic problems, rather than deflation and default. Schiff also criticized government regulation for creating monopolistic firms and argued that antitrust laws are burdensome to the economy. He emphasized that government spending leads to inflation and that the everyday American pays for deficits regardless of who is in power .
These views align with ...
#newstr #PeterSchiff #DebtCycle #FederalReserve #Inflation #Deflation #Default #GovernmentSpending #MonopolisticFirms #AntitrustLaws
Disparity in Central Bank Rate Decisions Raises Concerns About Global Economy
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Monetary policymakers, including the US Federal Reserve, the Bank of Japan, the Bank of England, and the Swiss National Bank, are facing important decisions amidst global economic uncertainty. The week ahead is filled with rate-setting meetings by these central banks, which will be closely watched by investors for any signs of policy changes and economic growth .
The Bank of Japan is holding a two-day monetary policy meeting starting on Tuesday. Recent comments from BOJ officials, including Governor Kazuo Ueda, suggest that the bank may raise interest rates for the first time since 2007 due to positive economic growth figures and wage increases. The BOJ's decision will be influenced by these factors. Markets are already pricing in an exit by June .
Meanwhile, the US Federal Reserve is ...
#newstr #CentralBanks #InterestRates #GlobalEconomy #CryptoMarkets #FederalReserve
The Economic Impact of the Oldest National Parks in the United States
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The tourism industry in Arkansas has experienced a strong rebound after the pandemic, with 48.3 million visitors in 2022, spending $9.2 billion. This has made tourism the second-largest industry in the state, generating $15.7 billion in economic activity. The tourism reinvestment tax revenue reached a record high of $24.3 million, which will be used for marketing the state. The Sanders administration aims to continue breaking records in 2023 through smart policymaking. The Natural State Initiative has been established to strengthen the outdoor economy, resulting in reforms to expand access to outdoor recreation and improve state parks. The government's efforts are complemented by businesses and nonprofits, such as the reopening of Little Rock's Museum of Fine Arts and the opening of the Ma...
#newstr #NationalParks #UnitedStates #Economy #Tourism #CorporateBacking
Fact-Checking Biden Administration's Claim of Adding 15 Million Jobs
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US President Joe Biden delivered his 2024 State of the Union address, highlighting accomplishments such as low unemployment and a series of bills aimed at reshaping the US economy. However, recent data shows that US unemployment rose to 3.9% in February, despite the economy adding 275,000 jobs. This increase in unemployment comes as a surprise, given Biden's claims of a strong economy during his speech. The employment situation has been dubbed 'The Great Stay,' with fewer workers leaving their jobs and hiring falling significantly. Working hours in some industries have been cut down to recessionary levels, and the number of people unemployed and looking for work for 15-26 weeks has climbed 53% since March 2022 .
During his State of the Union address, President Biden claimed that 15 millio...
#newstr #UsUnemployment #StateOfTheUnion #BidenAdministration #JobGrowth #Factchecking
Oppenheimer raises S&P 500 target to 5500 on 'remarkable resilience' of US economy
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The S&P 500 reached a fresh closing high of 5,178.51 on March 19, 2024, marking a new milestone for the index. This comes after a year-to-date rally of 9.2% and a 23.9% gain in 2023. The U.S. GDP grew by 2.5% in 2023, up from 1.9% in 2022, and the Atlanta Fed GDPNow predicts a 2.1% growth in the first quarter of 2024. The Federal Reserve's pause on rate hikes and the possibility of interest rate cuts this year have also contributed to market optimism .
The S&P 500's recent rally has been driven by the global adoption of artificial intelligence (AI), and several non-tech stocks within the index have performed exceptionally well. In a recent article, Zacks Investment Research highlights five non-tech S&P 500 stocks that have delivered double-digit returns year-to-date. These stocks include ...
#newstr #S&p500 #UsEconomy #Oppenheimer #EarningsProjection #PricetoearningsMultiple #FederalReserve #MonetaryPolicy #InvestmentLandscape #Innovation #DemographicShifts #GoldmanSachs #Jpmorgan
Mixed Fortunes for US Economy: Jobs Growth, Manufacturing Woes
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The U.S. economy continues to experience mixed conditions, according to recent reports. In the Mid-America region, the overall business conditions index rebounded in September, indicating some improvement. However, the index is still considered weak . North Dakota's overall business conditions index also saw a slight decrease but remains healthy . Additionally, North Dakota's manufacturing exports showed significant growth . Iowa's manufacturing exports expanded by 7.0% from the first 11 months of 2022 to the same period in 2023 . Despite these positive gains, supply managers remain pessimistic about the 2024 economic outlook, with only 9.1% expecting expansion. The wholesale inflation gauge rose to 71.7 in January, and supply managers anticipate a 5.9% increase in input prices for 2024. E...
#newstr #UsEconomy #EconomicConditions #ChicagoFed #BusinessConditions #EconomicOutlook
US Economy Faces Dire Need for Fiscal Responsibility, Says Expert
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Lawmakers in the US are grappling with the issue of a widening budget deficit following the massive spending on pandemic relief, which amounted to $5 trillion. The country is now considering the need for spending restraint, particularly due to the rising expenses of Social Security and Medicare. However, there are concerns about whether the US economy is strong enough to handle austerity measures.
Former Treasury Secretary Larry Summers has warned that the current federal budget deficit poses a significant challenge to the economy, surpassing previous attempts to reduce the deficit through tax increases and spending cuts. Summers suggests that strengthening IRS enforcement could help raise more tax revenue, as seen in the Inflation Reduction Act. However, a House Republican proposal to cu...
#newstr #UsEconomy #FiscalResponsibility #BudgetDeficit #SpendingCuts #TaxIncreases
Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/e2f9e4c9-9b5e-41a3-50e8-5a0723d74f00/public
Sheraton Colombo Hotel and MANI Celebrate International Women's Day with Empowering Events
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International Women's Day is celebrated every year on March 8th to raise awareness about women's rights and promote gender equality. It is a global celebration of women's achievements and a call for collective action to advance women's rights .
Sheraton Colombo Hotel, part of Marriott Bonvoy's portfolio of over 30 extraordinary brands, marked International Women's Day with a powerful event themed 'Women at the Workplace,' bringing together influential women leaders to inspire and empower attendees . The celebration featured keynote speeches from Amanthi Perera, Head of Social Sustainability at MAS Holdings, Sharnila Henry, Partner at Deloitte Sri Lanka, and Roshanie Jayasundera Moraes, CEO of Link Natural Products Pvt Ltd . Female associates of Sheraton Colombo Hotel had the opportunity t...
#newstr #InternationalWomen'sDay #SheratonColomboHotel #Mani #Inclusion #MentalHealth #Nigeria
Imagine This Creative Studio and It Takes A Village Collective: Redefining the Creative Industry
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A new creative studio called Imagine This has recently launched, aiming to reimagine traditional agency models. Led by Toby Walsh, the employee-owned operation offers creative tools for every stage of campaign development to brand and agency clients. Joining as partner and creative director is Dave East, while Robyn Walsham takes on the role of partner-Chief Brand Officer. The studio's mission is to bridge the gap between creative strategy, production solutions, and artist representation. With locations in the U.S., U.K., and South Africa, Imagine This is well-positioned to serve brands globally .
The launch of Imagine This marks a departure from traditional agency models, as the studio seeks to redefine the way campaigns are developed and executed. By offering a comprehensive suite of cr...
#newstr #CreativeStudio #CampaignDevelopment #Branding #Inclusion #Diversity
Speeding driver jailed for causing passenger's death in Hockley
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The Port of Baltimore has experienced a tragic incident when a driver crashed through a closed gate at the South Locust Point Terminal, struck a concrete post, and their vehicle caught fire. The driver was found dead at the scene, and firefighters were able to quickly extinguish the fire. The incident occurred just before 5 a.m. on Sunday morning .
The South Locust Point Terminal, operated by Ports America Chesapeake under a public-private partnership with the Maryland Port Administration, is now the focus of an on-site investigation led by the Maryland Transportation Authority (MDTA) .
This fiery crash highlights the need for enhanced safety measures at the Port of Baltimore. It raises concerns about the effectiveness of the existing gate system and the potential risks associated with h...
#newstr #PortOfBaltimore #SupplyChainSecurity #Burglary #Arrest #MurderInvestigation #CarCollision #SpeedingDriver #Hockley
Tea with Picasso painting session at Bet-Shalom in Polokwane receives positive feedback
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Throughout March, numerous art galleries and collectives in Metro Manila are curating exhibitions and hosting shows that celebrate Women's Month and showcase the talent and resilience of Filipino women . Galerie Stephanie is featuring three solo exhibitions by Jem Magbanua, Jomike Tejido, and Imam Santoso. Lokalakalan 2024, organized by the Asia Foundation, is a trade fair that highlights traditional weaves and handcrafted products by women artisans from the Bangsamoro region. #Women2024: Empower Her Palette is an art exhibit featuring intimate narratives by Filipina and French artists. Woven Networks presented the ReSTORYation exhibit, celebrating sustainable indigenous crafts. Gallery Genesis collaborated with the Female Art Addicts to present the art exhibition 'Making Her Mark'. Galeri...
#newstr #Women'sMonth #FilipinoWomen #Adelaide #BillieJusticeThomson #MilkBarNostalgia #AustralianaCharm #+234artFair #Lagos #NigerianArtists #GeorgeEdozie #25yearArtCareer #SoloExhibition #Gatherings #WheatbakerHotel #Polokwane #MarlizeKenmuir #TeaWithPicasso #PaintingSession
The World of Automotive Performance and the Weirdest Cars Ever Made
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The world of automotive performance is constantly evolving, with brands like Ferrari and Hennessey pushing the boundaries of speed and power. In 2024, Ferrari introduces the Roma Spider, a front-engined Fezza with a soft top that effortlessly accelerates to over 250 km/h . Equipped with an eight-speed transaxle and a twin-turbo V8 engine, it can go from 0 to 100 km/h in just 3.4 seconds. While the rear seats are small and better suited for storage, the trunk capacity of 255 liters provides ample space . On the other hand, Hennessey presents the Venom 775, a modified Ford F-150 that generates an impressive 775 horsepower . With upgrades such as a 3.0-liter supercharger, cold-air induction system, intercooler, upgraded fuel injectors and pump, and a stainless-steel exhaust, the Venom 775 del...
#newstr #Ferrari #Hennessey #Bugatti #RollsRoyce #AfricanCelebrities #AutomotivePerformance #Speed #Power #LuxuryCars #WeirdCars
LivePerson recognized as one of the World's Most Innovative Companies of 2024 for its AI-powered capabilities in workplace communication
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AI is revolutionizing workplace communication by integrating voice into collaborative platforms, automating tasks, and enabling seamless collaboration across teams. This transformation is enhancing communication regardless of geographical location and promising increased efficiency and collaboration within organizations. The future of workplace communication includes the implementation of AI to streamline workflows and VR to facilitate remote collaboration.
AI's impact on workplace communication is evident in the integration of voice into collaborative platforms. This allows for real-time conversations and immediate feedback, making communication more efficient and effective. With voice integration, teams can communicate seamlessly, regardless of their geographical location. This eliminat...
#newstr #Ai #WorkplaceCommunication #Innovation #AiPlugins #Monster'sAward
Former Of Soul and Joy Student Tshepiso Mazibuko Nominated for Discovery Award at Arles Photography Festival
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Prof. Helene Strauss, a distinguished scholar, has been awarded the UFS Book Prize for Distinguished Scholarship . The prize recognizes her outstanding contributions to the field of scholarship and her significant impact on the academic community. Prof. Strauss's work has made a lasting impression on her peers and has advanced knowledge in her area of expertise. This prestigious award highlights her dedication and commitment to excellence in research and scholarship .
In addition to Prof. Strauss, five faculty members from the University of Georgia have also been honored for their exceptional teaching skills. Dainess Maganda, a senior lecturer in the department of comparative literature and intercultural studies, Montgomery Wolf, a principal lecturer in the department of history, Melisa C...
#newstr #Photography #Mentorship #ArlesPhotographyFestival #SouthAfrica
The Evolution of Nigerian Producers to Artists in the Music Industry
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The Nigerian music industry has witnessed the transition of several producers into successful artists, showcasing the versatility and talent within the industry. Pheelz, known for his track 'Finesse' featuring Buju, has achieved remarkable success and became the first Afrobeats artist to perform at the BET Awards Pre-Show . Phyno, initially a producer, made a successful transition to become one of the most influential rappers in Africa. Maleek Berry, a British Nigerian record producer, established himself as a recording artist with hits like 'Kontrol.' Tekno Miles, a former church choir member, not only became a successful producer but also ventured into singing, producing Davido's hit song 'If.' Young John the Wicked Producer, known for his tag in Nigerian songs, also made the transition ...
#newstr #NigerianMusicIndustry #Producers #Artists #Afrobeats #Success
Singer-Turned Pastor Pepenazi Shares Testimony of Overcoming Addiction
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Daysman Woghiren Oyakhilome, commonly known as Pastor Chris’ nephew, is a rising leader and influencer within the Christ Embassy community. He is the CEO of Carel Films Enterprise, producing Christian music videos for renowned artists like Sinach, Rozey, and TB1. He is also involved in education and mentorship through LoveWorld Next Academy and the LoveWorld Institute of Innovation and Technology. Pastor Chris' nephew has made significant contributions to the entertainment industry, producing music videos, documentaries, and inspirational films. He empowers young artists and encourages technological advancement through collaborative projects and educational initiatives. Pastor Chris Oyakhilome serves as a source of inspiration and guidance for his nephew, and they work together to create o...
#newstr #Pepenazi #Addiction #Alcohol #IllicitSubstances #Testimony #Faith