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☆ China's April retail sales data 'a little bit of a blip,' economist says
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's April retail sales data 'a little bit of a blip,' economist saysLouise Loo of Oxford Economics says, however, that a "mild improvement" in consumer confidence can be expected.

Persons: Louise Loo Organizations: Oxford Economics

☆ Michael Cohen gives Donald Trump his best day in hush money trial so far
▼ + stars: | 2024-05-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —Donald Trump finally had a good day in court. But on Thursday, he got to savor his former fixer-turned-enemy Michael Cohen wobbling on the stand under a fearsome cross-examination. And now, the prosecution faces a stiff challenge in repairing the damage when they get to their redirect examination of Cohen’s testimony following the close of cross-examination next week. “I think it was a very interesting day, it was a fascinating day. And it also raises the possibility that some jurors might believe that they have been lied to by Cohen earlier in the trial.

Persons: Donald Trump, Michael Cohen wobbling, Cohen, Stormy Daniels, “, ” Ryan Goodman, CNN’s Erin Burnett, ” Trump, Matt Gaetz, Trump, Todd Blanche, Blanche, Daniels, ’, Keith Schiller, Schiller, …, ” Blanche, President Trump, doesn’t, ”, Juan Merchan, Nikki Lotze, “ Jim, Norm Eisen, ” Eisen, CNN’s Anderson Cooper, George Conway, ” Cohen, kingpins, Cohen’s Organizations: CNN, GOP, Trump, NYU Law, Florida, Conservative

☆ A key sign of strength in Warner Bros. Discovery's latest earnings report would take a massive hit if TNT loses the NBA
▼ + stars: | 2024-05-10 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

And while WBD's $0.40-per-share loss was 4 cents better than last year, it was still lower than analysts had hoped for. Warners added about 2 million net streaming subscribers globally in the first quarter, bringing its total to 99.6 million. There's a simple explanation for WBD's streaming ad growth despite modest subscriber additions: the advent of live sports on Max. As impressive as WBD's burgeoning streaming ad business looks now, it may be nothing more than a blip if Comcast's NBC outbids TNT for NBA media rights in the league's next TV deal. Suddenly, it seems like Zaslav is taking an even bigger risk by playing hardball with the NBA.

Persons: Discovery's, David Zaslav, Max, Warners, WBD, it's Organizations: Warner Bros, Business, NBA, Warners, Max, MLB, NHL, NBC, TNT, Media, UBS, hardball

☆ Weekly jobless claims jump to 231,000, the highest since August
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: +2 min

Initial filings for unemployment benefits hit their highest level since late August 2023 in a potential sign that an otherwise robust labor market is changing. Also, job openings have been declining amid expectations that the labor market is likely to slow through the year. The four-week moving average of claims, which helps smooth out weekly volatility in numbers, increased to 215,000, up 4,750 from the previous week. "One week does not a trend make, but we can no longer be sure that calm seas lie ahead for the US economy if today's weekly jobless claims are any indication." Markets reacted little to the jobless claims release, with stock market futures slightly negative and Treasury yields mixed.

Persons: Dow Jones, Christopher Rupkey, Robert Frick Organizations: Labor Department, Navy Federal Credit Union Locations: New York

☆ Corporate America Is Going Un-Woke: Reversing DEI, Sustainability Plan
▼ + stars: | 2024-05-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

Plenty of companies are reining in their rhetoric and in some cases action on issues such as sustainability and diversity. Over the past decade, many corporations have at least professed to take a more active role in social issues, under pressure from their customers and, more importantly, employees. After last year's Bud Light debacle, which was a real blow to its business, executives fear they'll be the next target of some anti-woke outcry. For the fourth quarter of 2020, 131 companies mentioned ESG, and 34 mentioned DEI or diversity and inclusion. This may be a great un-wokening, but maybe corporate America was actually never that committed to the idea in the first place.

Persons: Paul Polman, It's, Naomi Wheeless, Eventbrite, Donald Trump, Larry Fink, George Floyd's, ESG, Andrew Jones, there's, Bud Light, influencer Dylan Mulvaney, haven't, Philip Mirvis, Bud, they'll, they'd, Jones, it's, Fink, FactSet, — we're, wasn't, Alison Taylor, University's, we've, Roe, Wade, Taylor, isn't, Dylan Mulvaney, Bud Light's, Kenneth Pucker, Emily Stewart Organizations: Unilever, Unilever wasn't, Unilever isn't, Companies, Business, Sporting Goods, Conference Board's ESG, Morningstar, Babson, AIG, Amazon, ExxonMobil, University's Stern School of Business, Anheuser, Busch, Fletcher School, Tufts University Locations: Plenty, America, ESG, New, Charlottesville

☆ Analysis: Biden’s Rafah warning sends immediate shockwaves through US and global politics
▼ + stars: | 2024-05-09 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Hospitals are overstretched as Palestinians die in Israeli attacks on the suburbs and tens of thousands of people have already fled. For Netanyahu, the eradication of the group that carried out the October 7 attacks may be a matter of political survival. • Can Israel — as Netanyahu vows — go ahead alone in an operation even the US has disowned? • How would a full-scale offensive in Rafah further hamper already faltering attempts to secure a ceasefire between Israel and Hamas? Initially, Biden’s warning, delivered in an interview with CNN’s Erin Burnett in the swing state of Wisconsin on Wednesday, looks like a case of political whiplash.

Persons: Joe Biden’s, —, Reagan, Benjamin Netanyahu, ”, Biden, Donald Trump, Netanyahu, Will Biden’s, Israel —, pummel, he’s, Erin Burnett, CNN Alon Pinkas, CNN’s Becky Anderson, ” Pinkas, CNN’s Erin Burnett, Joe ”, Israel’s, Gilad Erdan, Yoav Gallant, “, dissing Biden, Mike Johnson, ” Trump, Trump, Bill Clinton, Barack Obama, Ronald Reagan’s, Massachusetts Sen, Elizabeth Warren Organizations: Washington CNN, CNN, Israeli, Gaza Health Ministry, United Nations, Democratic, Republicans, Trump, voters, Republican, House, Hamas, Party, GOP, CNBC Locations: Israel, Rafah, Washington, Gaza, Rafah —, New York, Wisconsin, United States, Europe, Michigan, Chicago, Vietnam, Iran, Damascus, Lebanon, Massachusetts

☆ CNBC's Inside India newsletter: Will AI make or break India?
▼ + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +9 min

But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.

Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States

☆ ‘Avengers Assemble:’ Five years after ‘Endgame,’ the box office needs more than just a blip
▼ + stars: | 2024-04-25 | by ( Brian Lowry | ) edition.cnn.com time to read: +4 min

For many it felt like a soothing balm, underscoring the kind of communal experience people were missing as the still-new coronavirus pandemic shuttered theaters. Even allowing for that, the operatic heights achieved by “Endgame,” which grossed nearly $2.8 billion worldwide, would have been difficult to replicate. Such a concept would have sounded particularly foreign in the run-up to “Endgame,” when Marvel and its leader, Kevin Feige, appeared to possess a Midas touch. Venezuelan filmgoers watch the first screening in Venezuela of Marvel Studios' "Avengers: Endgame" at a cinema in Caracas on April 26, 2019. Unlike “Endgame,” the challenges that face the movie business can’t be undone with a snap of the fingers.

Persons: Captain, Thanos, ”, Marvel, Kevin Feige, Federico Parra, Joe, Anthony Russo, America, Russo, Joe Russo, Barbie ”, Captain America Organizations: CNN, Captain America, Marvel Studios, Marvel, DC, Warner Bros, Hollywood, “, Getty, Film, Captain, Disney Locations: Venezuela, Caracas, AFP

☆ Can markets make a comeback? That depends on tech earnings
▼ + stars: | 2024-04-23 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The Nasdaq tumbled 2.1% on Friday as tech stocks plunged, marking its worst day since January 31. “US earnings updates this week will be key to see if they can keep topping expectations and buoying risk appetite in a higher-for-longer interest rate environment.”Tesla, Facebook-parent Meta, IBM, Microsoft and Alphabet all report first quarter earnings later this week. “Big Tech earnings may determine whether the stock market avoids its first four-week losing streak in two years,” wrote Chris Larkin, managing director of trading and investing at E*TRADE from Morgan Stanley on Monday. About 15% of S&P 500 companies have reported first quarter earnings, and nearly three-quarters of those companies have posted a positive earnings-per-share surprise. But investors are nervously waiting for the Magnificent Seven, those massive Tech stocks that carry an outsized portion of market weight, to report.

Persons: Monday’s, “, ”, They’re, Tesla, Chris Larkin, Morgan Stanley, aren’t, we’re, Dave Sekera, ” Taylor Swift’s, Apple Taylor Swift, Liam Reilly, Department ”, Post Malone, Laura He Organizations: CNN Business, Bell, New York CNN —, Nasdaq, BlackRock, Federal Reserve, Facebook, IBM, Microsoft, “ Big Tech, Tech, Companies, Nvidia, Apple, Big Tech, Bank of America, Morningstar, Department, Spotify, Poets Department, Amazon Music, Apple Music, EV, Tesla Locations: New York, Wells, China, Germany, United States, Tesla’s, Europe

☆ A homebuyer's guide to the real-estate revolution
▼ + stars: | 2024-04-23 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

Real-estate agents' commissions have fluctuated between 5% and 6% of the sale price for decades, despite advances in technology and an influx of agents. The recent lawsuits, which accused the NAR and some of the country's largest brokerages of conspiring to keep agents' commissions unfairly high, could signal the start of a new era. If sellers aren't paying out commissions to buyers' agents, buyers themselves could end up on the hook. For example, what happens if the seller isn't willing to pay the buyer's agent's commission? In most states, the buyer's agent can technically just rebate that extra money to their client.

Persons: Austin Whitt, Whitt, —, I've, Steve Brobeck, Sabrina Brown, they've, Michael Warren, Sellers, Prentiss Cox, it'll, you've, doesn't, Jack Ryan, Ryan, homebuying, Rob Hahn, Wendy Gilch, Gilch, I'm, it's, David Dworkin, Dworkin, Cox, It's Organizations: Realtors, National Association of Realtors, NAR, Consumer Federation of America, Getty, University of Minnesota, MLS, Consumer Federation of, National Housing Conference, Justice Department Locations: Tennessee, Nashville, America, North Carolina, United Kingdom, Australia

☆ Why the steep plunge in stocks in April means the bull market can push on
▼ + stars: | 2024-04-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The S&P 500's recent sell-off is actually a sign the bull market is here to stay, according to Ken Fisher. AdvertisementThe recent sell-off in stocks isn't a reason for investors to flee the market — and it's actually a sign that the bull rally could push even higher, according to market veteran Ken Fisher. Advertisement"It is a bull market. Markets have been too "fixated" on various negative catalysts for stocks, Fisher added, pointing to investor concern regarding rate cuts and elevated inflation. "This bull market, just enjoy it, even though stocks are volatile from time to time," Fisher said.

Persons: Ken Fisher, —, it's, Fisher, we've Organizations: Fox Business Network, Investors, Service, Fisher Investments

☆ Opinion | Our Inability to Predict Inflation Is an Embarrassment to Economics
▼ + stars: | 2024-04-12 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

We were surprised when inflation rose. We were surprised when inflation fell. And we were surprised again when inflation stopped falling. The shakiness of our understanding is no small problem because inflation matters, a lot. Aside from those practical considerations: If we don’t understand inflation, then we also don’t truly understand anything else about the business cycle (if there even is one), because growth and inflation are intertwined.

Persons: —, Biden Organizations: Federal

☆ Wall Street Shudders on Signs of Unexpectedly Strong Inflation
▼ + stars: | 2024-04-10 | by ( Joe Rennison | More About Joe Rennison | ) www.nytimes.com time to read: 1 min

Signs of stubborn inflation rattled Wall Street on Wednesday, with stock prices sliding and government bond yields, which underpin interest rates throughout the economy, jolting higher. Other major indexes, including the tech-heavy Nasdaq Composite and the Russell 2000 index of smaller companies, also fell. The moves followed a consumer inflation report that came in hotter than expected, with prices rising 3.5 percent in March from a year earlier, marking another month of stubbornly high inflation. That made it harder for investors to dismiss earlier signs that the progress in cooling inflation was patchy. “The stalled disinflationary narrative can no longer be called a blip,” said Seema Shah, chief global strategist at Principal Asset Management.

Persons: Russell, ”, Seema Shah Organizations: Nasdaq, Asset Management

☆ Live Updates: Inflation Expected to Remain Stubborn
▼ + stars: | 2024-04-10 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +4 min

Policymakers have made it clear that they want to see further evidence that inflation is cooling before they cut interest rates. But Fed officials do not want to cut rates before they are confident that inflation is on track to return to normal. That threat of lingering inflation has become a more serious concern for policymakers since the start of the year. Inflation has flatlined in recent months after months of steady declines, raising some alarm at the Fed and among forecasters. Going into the year, investors expected the Fed to cut rates sharply in 2024 — to about 4 percent — but have dialed back those expectations.

Persons: Goldman Sachs, Laura Rosner, Warburton, it’s, you’ve, ” Organizations: Federal, Fed, Goldman, Deutsche Bank Locations: Central

☆ Opinion | Will A.I. Break the Internet? Or Save It?
▼ + stars: | 2024-04-05 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

Do a Google search, and there are so many websites now filled with slapdash content contorted just to rank highly in the algorithm. Facebook, YouTube, X and TikTok all used to feel more fun and surprising. And into this weakened internet came the flood of A.I.-generated junk. TikTok videos of A.I.-generated voices reading text pulled from Reddit can be churned out in seconds. content will break the internet as we know it.

Persons: “, Ezra Klein, Nilay Patel Organizations: Facebook, Apple, Spotify, Amazon Music, Google

Meanwhile, Wells Fargo called for 20% upside for Meta Platforms and raised one of its estimates for the company's ad sales. Despite those positive trends, the new price target from KBW is still below the stock's closing level on Tuesday of $245.84. — Jesse Pound 5:53 a.m.: Redburn Atlantic upgrades UPS UPS could be in for strong gains after a slow start to the year, according to Redburn Atlantic. Analyst Oliver Holmes upgraded the package delivery giant to buy, raising its price target to $180. "We believe UPS is at, or close to, trough revenue, volume, margin and share price levels," Holmes wrote to clients.

Persons: Wells, Tesla, Gary Mobley, Wolfspeed, Mobley, Wells Fargo, — Jesse Pound, Ronald Jewsikow, Guggenheim, Jewsikow, Richard Shane, Shane, Coinbase, Keefe, Kyle Voigt, Voigt, Ken Gawrelski, Gawrelski, Oliver Holmes, Holmes, Fred Imbert, ~ ~ . Organizations: CNBC, Wednesday, UPS, Hyundai, Guggenheim, JPMorgan, ADV, SEC, Meta, Wall, ~$ Locations: Wells Fargo, 4Q23 ., Tuesday's

☆ 7 signs someone just isn't a good friend, no matter your history
▼ + stars: | 2024-03-26 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

But if you consistently don't feel good around a friend, it can be a sign that they're a bad one. A psychologist shared signs a friend isn't treating you right, even if you've known them forever. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But being honest about how a friend makes you feel is easier said than done. She shared some signs a friend is just not treating you right, even if you have a long history or empathize with them.

Persons: —, Miriam Kirmayer, Kirmayer, they're, they've, it's, There's, They're, you've Organizations: Service

Outside of his MAGA movement, though, the social media site is struggling to find a wider audience. It’s a critical milestone for the social media site as well as for Trump, providing a path for the former real estate tycoon’s return to Wall Street. Some conservatives, looking for an alternative to mainstream social media sites seen as hostile to their point of view, initially seemed eager to embrace Truth Social. Truth Social’s hot.”Many Republican politicians and conservative have not joined Truth Social or they post infrequently. “It’s safe to say that Truth Social has not broken into the mainstream,” said Joshua Tucker, co-director of the New York University Center for Social Media and Politics.

Persons: he’s, Nick Mirtschink, Donald Trump, Bree Duke, ” Duke, “, ” Mirtschink, Duke, MAGA, –, It’s, Trump, “ It’s, ” Jay Ritter, Donald Trump’s, ”, Josephine Lukito, ” Trump, Joe Biden’s, Devin Nunes, Glenn Youngkin’s, Megyn Kelly, Ben Shapiro, Glenn Beck don’t, Carolina Sen, Tim Scott, Matt Terrill, Florida Sen, Marco Rubio, ” Paul Leslie, you’re, ’ It’s, there’s, Nikki Haley’s, Elon Musk, Joshua Tucker, that’s, ” Kurt Holtzclaw, ” Holtzclaw, Lukito, ” Lukito, Jimmy Kimmel, “ Trump, Marjorie Taylor Greene Organizations: CNN, Truth, Trump Media & Technology, Trump, Wall, Facebook, Apple, University of Florida, University of Texas, Twitter, Social, South, Pew Research, Trump Media, Republican, Big Tech, Alabama Supreme, Virginia Gov, ” Trump, South Carolina Gov, Cuban, New York University Center for Social Media, ” Locations: Georgia, Rome , Georgia, Austin, South Carolina, Joe Biden’s State, Carolina, Florida, Arizona, New York

☆ It's been four years since the market's Covid low with the S&P 500 returning 25% annualized since
▼ + stars: | 2024-03-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The four-year total return for the S & P 500 since March 23, 2020, is just about 150%, or 25.7% annualized. .SPX mountain 2020-03-23 S & P 500 since the Covid low This is, of course, an idealized starting point from which to measure performance. While the S & P 500 bottomed at around a three-year low under 2,200, the index spent only a few weeks under 2,500. More qualitatively, it's a bull market, and in a bull market the overshoots occur to the upside, so a rally being "ahead of itself" is not fatal. And the S & P 500 is only 9% higher than it was more than two years ago, hardly reaching escape velocity from planet Sanity.

Persons: –, Warren, Ned Davis, Tim Hayes, bullishness, Rocky White Organizations: HSBC, 3Fourteen, Bank of Japan, Fed, Ned Davis Research, Schaeffer's Investment Research, Intelligence, Bank of America

☆ Demand for a hot new AI role is skyrocketing — but some say it won't last.
▼ + stars: | 2024-03-16 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +8 min

Day to day, she coaxes AI models like OpenAI's GPT, utilizing natural language to manipulate the model into spitting out exactly the content she wants. "I just find it really interesting, really fun — it's like solving a word puzzle," Daniel, whose résumé also includes a prompt engineering role at LinkedIn, said. AdvertisementDaniel is part of a wave of a new kind of AI engineers — those without formal tech skills. AdvertisementDemand for prompt engineers has been skyrocketing amid the AI hype, and salaries are echoing the excitement. "I think different standards will emerge between what everybody can do and what the expert prompting engineers can do," she said.

Persons: —, Kelly Daniel, Daniel, Lazarus, Tanya Thomas, Thomas, Antropic, OpenAI's ChatGPT, Critics, Conor Grennan, Grennan, Rick Battle, Teja, Vasudev Lal, Lal, Yinuo Chen, Chen, there'll, Mark Zuckerberg's, she's Organizations: Service, LinkedIn, Google, NYU Stern School of Business, VMware, Intel Labs, Meta Locations: Beijing

☆ Gold, bitcoin and stocks hit record highs this week. Then came inflation data
▼ + stars: | 2024-03-15 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

The S&P 500 declined 0.7% and the Nasdaq Composite fell 1%. Turbulence for airline stocksAirline stocks have also been pummeled this week, as years of safety issues at Boeing continue to plague the industry. The NYSE Arca Global Airline index, which tracks the performance of major American and overseas airlines, is on track to end the week 2.2% lower. But Liz Young, head of investment strategy at SoFi, notes that the S&P 500 hasn’t seen a one-day decline of 2% or more since last February. AI up-and-comer Super Micro Computer will join the benchmark S&P 500 index on Monday.

Persons: New York CNN — Stocks, shrugged, Gold, Bitcoin, Dow, Price, ”, Ken Tjonasam, Max, Robert Jordan, Liz Young, Young, “ It’s, What’s, Jensen Huang Organizations: New, New York CNN —, Federal Reserve, Nasdaq, Dow, Global, Airline, Boeing, Latam, Wall, Southwest Airlines, Airbus, “ Boeing, ”, JPMorgan Chase, NYSE Arca, Nvidia, Computer, Investors, Federal, Market Committee, Fed, National Association of Home Builders, Census Bureau, National Association of Realtors Locations: New York, Australia, New Zealand, Wells Fargo

The ruling was not related to a defense effort to disqualify Fani T. Willis, the district attorney of Fulton County, Ga., who is leading the case. Count 5 concerned a call that Mr. Trump made to David Ralston, who was then the speaker of the Georgia House. During that conversation Mr. Trump pressed Mr. Ralston to call a special legislative session to appoint new electors. Mr. Trump and his former personal lawyer, Rudolph W. Giuliani, had faced the most charges, at 13 apiece. They include Mark Meadows, the former White House chief of staff, and John Eastman, a legal architect of the plot to deploy fake electors in swing states that Mr. Trump lost.

Persons: Donald J, Trump, Scott McAfee, Fani, Willis, “, importuned, Brad Raffensperger, ”, McAfee, Steven H, Count, Raffensperger, Joseph R, Biden, David Ralston, Ralston, Rudolph W, Giuliani, Mark Meadows, John Eastman, Ray Smith III, Robert Cheeley, Anthony Michael Kreis, Kreis, Donald Trump, ” Norman Eisen, Eisen, Smith’s, Don Samuel, Ray Smith, Brian Kemp of, Nathan Wade Organizations: Fulton Superior Court, Prosecutors, Count, Trump, White House, Georgia State University, Act . Defense, Gov, Republican Locations: Atlanta, Georgia, Fulton, Fulton County ,, Brian Kemp of Georgia

☆ Polls Missing US Economy's Strength Will Make the Next Recession Worse
▼ + stars: | 2024-03-12 | by ( George Pearkes | ) www.businessinsider.com time to read: +12 min

By underweighting the experience of certain groups — especially lower-income or frontline workers — policymakers could learn the wrong lessons from the post-pandemic economy. The Great DivergenceIf you ask Americans how the economy is doing, the general sentiment can be summed up in one word: bad. Similarly, the Conference Board's consumer confidence data isn't quite at its post-Great Recession lows, but it's far below its 2017-19 average. The ASEC data uses a very large sample to provide the best possible insight into households' economic well-being, with more than 75,000 households participating. Similarly, the focus on the prospect of a recession soared, even outdoing the period in 2020 when the economy was actually in a recession.

Persons: it's, —, Pew Organizations: University of, Conference, Labor Statistics, Government, Bureau of Labor Statistics, NFL, Minnesota Vikings, Green Bay Packers, Chicago Bears, BLS, Census, Federal Locations: telemarketers, nonresponses

☆ A signal linked to aliens by a Harvard professor may have been caused by a passing truck
▼ + stars: | 2024-03-11 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +8 min

Read previewYet another study is calling into question a Harvard professor's claims that metallic balls discovered under the ocean may have been made by aliens . Johns Hopkins University-led (JHU-led) research said a blip on the seismometer that Loeb used to pinpoint the crash site may simply have been caused by the vibrations of a passing truck. AdvertisementPinpointing the crash siteIn 2019, Loeb and his team searched databases for unusual meteors that were moving rapidly. The meteor, dubbed by Loeb's team IM1, was first spotted by the Department of Defense's (DoD) sensors. Loeb's team recovered 805 spherules.

Persons: —, Avi Loeb, Loeb, Ben Fernando, It's, Fernando, it's, Charles Hoskinson, Undeterred Organizations: Service, Harvard, Business, Johns Hopkins University, JHU, Department of Defense's, DoD, Planetary Science Conference, Galileo, Space Force Locations: Papua, Guinea, 2401.09882, Papua New Guinea, Houston

☆ Markets are hitting record highs. And economists like El-Erian and Krugman can't shake off their fears
▼ + stars: | 2024-03-08 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +4 min

Stellar prices for gold have also stolen investor attention, with the precious metal scaling a new record of over $2,100. The record-breaking numbers for markets, however, haven't stopped some investors from worrying about three key issues. Inflation resurgenceAfter months of cooling, U.S inflation is proving itself to be more stubborn than experts had predicted. That's despite the Federal Reserve embarking on an aggressive monetary policy campaign over the past year, in a bid to tame consumer price pressures from their 40-year highs. Ariel Investments' Vice Chair Charlie Bobrinskoy told CNBC markets are not focused on China's residential real estate problems.

Persons: Michael M, haven't, Nobel, Paul Krugman, Mark Zandi's, Mark Zandi, Krugman, Nouriel Roubini, Doom, Trump, Marko Kolanovic, Mohamed El, Erian, Ariel, Charlie Bobrinskoy Organizations: New York Stock Exchange, Santiago, Federal, stoke, Allianz, Bloomberg, CNBC, El, Ariel Investments Locations: New York City, U.S, China

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