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☆ We have more insights as to where the economy is headed — and it's not good
  + stars: | 2024-04-26 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at how the latest GDP data has shifted the expectations of where the economy is headed. Now, the economy will need some type of event (see: bubble popping) for rate cuts to become an option anytime soon, Miskin said. Energy price shocks could bring the world economy to a "vulnerable moment," chief economist Indermit Gill warned.
Persons: —, TikTok, they're, you'd, Jia Feng, It'll, Insider's Madison Hoff, It's, Jerome Powell, Anna Moneymaker, BI's Filip De Mott, Jamie Dimon, Matt Miskin, Miskin, Mark Zuckerberg, C, Cox, Jenny Chang, Rodriguez, Goldman Sachs, Guess what's, Indermit Gill, Alphabet's, Redmond, Tyler Le, Doug McMillon, execs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Reserve, stagflation, JPMorgan, Wall Street, John Hancock Investment Management, Galatioto Sports Partners, Bank, Google, Big Tech, Microsoft, Health, Linkedin, YouTube, ExxonMobil Locations: Chevron, New York, London
☆ What the latest inflation data means for interest rates
  + stars: | 2024-02-14 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
In today's big story, we're looking at what a hotter-than-expected inflation report means for markets and the econom y . That silver lining doesn’t address the elephant in the room: What does the latest CPI data mean for interest rates? AdvertisementMadison Hoff/Noah Sheidlower/Business InsiderThe hot inflation report comes just a few weeks after some industry experts felt the market was in a perfect position. Stubbornly elevated inflation means Powell might be less willing to cut rates and risk further fueling inflation. It’s particularly painful for smaller companies, which tend to carry floating-rate debt more susceptible to elevated interest rates.
Persons: —, Angela Weiss, Insider’s Madison Hoff, BI’s Aruni Soni, Madison Hoff, Noah Sheidlower, we’ve, Jerome Powell, Powell, Jim Zelter, BI’s Yuheng Zhan, Alyssa Powell, Peter Thiel, bitcoin, Noah Berger Sam Altman’s, Jensen Huang, Altman's, Mark Zuckerberg, Jeff Bezos, Bezos, Rob Dobi, doomsayers, Brace, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Dow Jones, Bank of America, Apollo Global Management, Federal Reserve Bank of New, BlackRock, Strategic Investors Group, BI, Fund, Reuters, Apple Vision, BI Sky, Employees, Cisco Systems, Sony, McLaren Locations: Federal Reserve Bank of New York, Dubai, Miami, Washington, New York, London
☆ New all-time highs are coming next year as a multi-year bull market rally kicks off, a veteran chartmaster says — and these 5 leading sectors look ready to dominate
  + stars: | 2023-09-03 | by ( James Faris | ) www.businessinsider.com   time to read: +7 min
Late last summer, veteran technical strategist and hedge fund manager David Lundgren urged his clients to bet against US stocks. "That pile of wood is just sitting there waiting for a catalyst, and I think it's coming," Lundgren said. "It's not our job to agree with the market's assessment of the fundamentals," Lundgren said. 5 sectors with strong momentum right nowMany investors remain concerned about a possible recession, but Lundgren has learned to lean on market trends instead of his gut. Coincidentally — or not — 11 of the names were in one of the five sectors that Lundgren highlighted.
Persons: David Lundgren, who's, we're, Lundgren, isn't, MOTR, I'm, there's, Guess what's, Industrials, — Organizations: MOTR Capital Management & Research, Dow Jones Market, MOTR Capital Management, Research, Investors, Bank Locations: cyclicals
☆ It's becoming clear that AI is going to whack the mediocre middle of office workers
  + stars: | 2023-06-02 | by ( Matt Turner | ) www.businessinsider.com   time to read: +7 min
More specifically, AI could disproportionately impact the middle class of white-collar workers — the folks who are mid-career, mid-ability, mid-level, and yes, in some cases, mediocre. In other words, the lessons learned from months or years of experience are baked into an AI tool. Microsoft CEO Satya Nadella for example recently told Time that the same could be true for software developers. This doesn't mean the great software developers won't remain great software developers but the ability for more people to enter the field will increase. That's good news for many wannabe software developers, but it's also bad news for many existing software developers.
Persons: —, Erik Brynjolfsson, Lindsey R, Raymond, Danielle Li, Satya Nadella, it's, Aki Ito, Carl Benedikt Frey, Uber, Frey, Mark Muro, Jacob Zinkula, Richard Baldwin, Aaron Mok Organizations: Service, Fortune, Microsoft, Oxford Martin School, London, BT Group, Workers, Brookings Institution, Geneva Graduate Institute Locations: London, British, Switzerland
☆ Why Coca-Cola doesn't want to tell you what's in those weird flavors
  + stars: | 2022-09-07 | by ( Danielle Wiener-Bronner | Cnn Business | ) edition.cnn.com   time to read: +5 min
Over the past several months, Coca-Cola has rolled out a number of curious products: Coca-Cola Starlight Byte and Dreamworld . "We're engaging with people," said Selman Careaga, global category president of Coca-Cola Trademark, which includes Coke drinks but not other Coca-Cola products like Fanta, Sprite or others. "Without a doubt, it's a Coca-Cola product." Developing new Coke flavors can be risky if they stray too far from the signature flavor, Stanford noted. "The longevity of the brand has been all about that very unique Coke taste," he added.
☆ Ukraine's Independence Day darkened by deadly missile strike
  + stars: | 2022-08-23 | by ( Tara John | Yulia Kesaieva | ) edition.cnn.com   time to read: +8 min
The day was darkened by a missile strike on an eastern Ukrainian train station which killed at least 22 people -- fulfilling warnings by Ukrainian officials. On the eve of Independence Day, crowds of people were seen in Khreshchatyk, inspecting the display. "I don't feel festive about (Independence Day), I rather feel sad," she added. International solidarityUS President Joe Biden marked Ukraine's Independence Day Wednesday by reiterating the US' commitment to Ukraine with a new $2.98 billion investment in security assistance. Daria is also worried about an attack on Independence Day.
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