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☆ Higher for longer rates may mean lower for longer stock multiples, and stock prices
▼ + stars: | 2024-04-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Earnings estimates did not suddenly rise dramatically. Earnings estimates for the S & P 500 this year is $243, according to LSEG. The multiple is an expression of how much investors are willing to pay for, say, $1 of future earnings. The market is saying it is willing to pay $10 for $1 in future earnings. And if that happens, earnings estimates will decline along with the multiple.

Persons: Jack Bogle, Bogle, depresses, that's Organizations: Vanguard, Funds

☆ Dyson V15s Detect Submarine wet and dry vacuum review: this cordless stick vacuums and mops with finesse, but with a few caveats
▼ + stars: | 2024-02-02 | by ( Jaclyn Turner | Lauren Savoie | Senior Home Editor | ) www.businessinsider.com time to read: +17 min

The Dyson V15s Detect Submarine retails for a whopping $950, making it $200 more than the V15 Detect. Jaclyn Turner/ Business InsiderMany small parts and components are strategically placed within the Dyson V15s Detect Submarine's box. AdvertisementOur review of the Dyson V15s Detect SubmarineThe Dyson V15s Detect Submarine, pictured with the Digital Motorbar Cleaner Head, offers an in-depth and powerful clean. AdvertisementMopping performanceOn fresh spills and stains, the Dyson V15s Detect Submarine quickly scrubbed up sticky substances in a few back-and-forth passes. Jaclyn Turner/ Business InsiderA core part of the Dyson V15s Detect Submarine is its motorized mopping feature.

Persons: Dyson, Jaclyn Turner, you'll, It's, vacuuming, creamer Organizations: Business, Submarine, HEPA, Dyson

☆ German GDP expected to contract by 0.6% this year, economic institutes say
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

Business sentiment has recently deteriorated again and overall, the indicators suggest that production fell noticeably in the third quarter of 2023, the economic institutes said. GDP is expected to shrink by 0.4% in the third quarter, following stagnation in the second quarter. For 2024, the institutes - four German and one Austrian - forecast GDP growth of 1.3%, down from 1.5% previously. In the following years, a decreasing potential growth rate due to the shrinking labour force will become more and more apparent, the economic institutes said. The Joint Economic Forecasts are prepared by the Ifo Institute, the Halley Institute for Economic Research, the Kiel Institute for the World Economy, the RWI – Leibniz Institute for Economic Research and the Austrian Institute of Economic Research.

Persons: Kai Pfaffenbach, Oliver Holtemoeller, Maria Martinez, Friederike Heine Our Organizations: REUTERS, Rights, Reuters, Halle Institute for Economic Research, Ifo Institute, Halley Institute for Economic Research, Kiel Institute, Institute for Economic Research, Austrian Institute of Economic Research, Thomson Locations: Frankfurt, Germany

☆ German inflation falls to lowest level since start of Ukraine war
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsBERLIN, Sept 28 (Reuters) - German inflation fell in September to its lowest level since Russia launched its full-scale invasion of Ukraine, signalling what could be the beginning of the end for the high inflation that has weighed heavily on Europe's largest economy. Germany's core inflation rate, which excludes volatile items such as food and energy, fell to 4.6% year-on-year from 5.5% in August. Meanwhile, five economic institutes predict Germany's economy will shrink by 0.6% this year, as rising interest rates take their toll on investment and still high inflation depresses consumption. The ECB is keeping a close eye on euro zone inflation data, with September's reading due to be published on Friday. Spain earlier reported a 3.2% harmonised inflation rate for September.

Persons: Fabian Bimmer, Ralph Solveen, ING's Carsten Brzeski, Brzeski, Maria Martinez, Miranda Murray, Friederike Heine, Kirsten Donovan, Alison Williams Organizations: REUTERS, Rights, Union, Reuters, ECB, Central, Thomson Locations: Hamburg, Russia, Ukraine, Spain

Growth of 0.3% had been expected in the institutes' spring forecasts. The so-called Joint Economic Forecasts are to be presented in Berlin on Thursday. The economics ministry usually updates its forecasts incorporating the results of the Joint Economic Forecasts. For 2024, the institutes - four German and one Austrian - forecast GDP growth of 1.3%, down from 1.5% previously. The Joint Economic Forecasts are prepared by the Ifo Institute, the Halle Institute for Economic Research, the Kiel Institute for the World Economy, the RWI – Leibniz Institute for Economic Research and the Austrian Institute of Economic Research.

Persons: Annegret, Christian Kraemer, Rene Wagner, Maria Martinez, Rachel Armstrong, Kirsti Knolle, Sharon Singleton Organizations: REUTERS, Rights, Reuters, Ifo Institute, Halle Institute for Economic Research, Kiel Institute, Institute for Economic Research, Austrian Institute of Economic Research, Thomson Locations: Berlin, Germany

☆ I've been saving for a down payment for my first house. Now that my student-loan repayments are starting again, I have to put my dreams on hold.
▼ + stars: | 2023-09-09 | by ( Frank Olito | Senior Reporter | Read More | ) www.businessinsider.com time to read: +6 min

Because of the pause on student-loan repayments, I saved a lot of money for a down payment. Every time I purchased an item I needed, I wondered whether I should save that money for my payments. Since I focused on saving and had the extra money without my loan repayments, I've been able to get close. Why didn't I save money specifically for my loans during the pause? I don't have any answers yet, but the scary reality is I'm going to have to put my dreams on hold.

Persons: I've, Joe Biden, I'm Organizations: Service, Emerson College, SAVE Locations: Wall, Silicon, New York, New York City, Florida

STOCKHOLM/FRANKFURT, July 27 (Reuters) - Sweden has the financial muscle to intervene to stem any fire sale of property from companies rushing to sell out, the head of the country's debt agency told Reuters on Thursday. Karolina Ekholm, Director General at the Debt Office, said the government had a light debt load and could afford to borrow more to intervene to buoy the property sector should a threat emerge to wider financial stability. High debts, rising interest rates and a wilting economy has produced a toxic cocktail for Sweden's commercial property companies, with several cut to junk by rating agencies. The former central bank official pointed to the government's financial clout and that it could issue debt in either euros or U.S. dollars. "It would have to be something that threatens financial stability in Sweden and so far we haven't seen any of that."

Persons: Karolina Ekholm, Ekholm, Conor Humphries Organizations: Reuters, Organisation for Economic Cooperation, Development, AAA, Thomson Locations: STOCKHOLM, FRANKFURT, Sweden

☆ The mortgage market isn't sending the signal homebuyers need on affordability
▼ + stars: | 2023-07-17 | by ( Tim Mullaney | ) www.cnbc.com time to read: +6 min

Usually around 1.75 percentage points, and as low as 1.3 in 2021, the so-called mortgage spread is hovering at more than 3 percentage points now. And that is propping up mortgage rates, keeping home owners from selling their homes and buying nicer ones, and hurting first-time buyers, Yun said. Why mortgage spreads should move lowerLogically, mortgage spreads should move down sharply from here, thanks to the recent spate of good economic news, and bring relief to home buyers who have seen affordability deteriorate sharply since 2020. But as the Fed began raising interest rates in March 2022, mortgage rates rose even faster than bond yields. Mortgage rates also dropped, to 6.89% last Friday from a recent peak of 7.22%, according to Mortgage News Daily.

Persons: Lawrence Yun, Yun, Logan Mohtashami, Fannie Mae, Freddie Mac, Rob Haworth, Banks, refinance, Haworth, Neel Kashkari Organizations: National Association of Realtors, Federal Reserve, Fed, Bank, Atlanta Federal Reserve, Mortgage News, HousingWire, Treasury, U.S . Bank, Minneapolis Federal Reserve Bank Locations: Stockton , California, treasuries, Silicon, U.S, Irvine , Calif, Seattle

☆ Column: Europe's surging solar sector set for cannibalization risk
▼ + stars: | 2023-07-10 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

However, the rapid growth in solar supply capacity throughout Europe's electricity grids is already starting to erode producer profitability, as surplus power from solar sites depresses wholesale electricity prices and results in utilities earning shrinking revenues from renewables. However, since Russia's invasion of Ukraine snarled Europe's gas markets in 2022, Europe's power generators have accelerated the build-out of renewable energy capacity while cutting back on electricity generation from fossil fuels. However, those strong earnings may start to become harder to generate as additional volumes of solar capacity are brought online and compete with all other forms of generation to set wholesale electricity prices. California’s ‘Duck Curve’ electricity marketsEuropean solar power producers are not yet faced with anything like the problems seen in California, where solar can account for 40% of total electricity generation. But as more solar supply capacity gets added to Europe's generation system, solar producers must expect the extra competition from other solar sources to drive electricity prices lower for all electricity generators.

Persons: Gavin Maguire, Lisa Shumaker Organizations: Reuters, Thomson Locations: Europe, Ukraine, California, Germany

☆ The anti-Putin Freedom of Russia Legion says it has 'ambitious plans' for more cross-border raids into Russia, report says
▼ + stars: | 2023-07-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The Freedom of Russia Legion comprises defectors from the Russian army and other volunteers. The anti-Putin group launched two cross-border raids into the Belgorod region in May and June. Its commander told The Observer it's planning more attacks, bolstered by the dissolution of Wagner. "There will be a further surprise in the next month or so," the Freedom of Russia Legion's spokesperson and commander, Caesar, told the newspaper. The Freedom of Russia Legion is based in Ukraine and comprises a few hundred soldiers, who are defectors from the Russian army and other volunteers fighting against their homeland.

Persons: Wagner, Vladimir Putin, Caesar, Caesar —, —, Yevgeny Prigozhin Organizations: Russia Legion, Putin, Observer, Service, Legion, Guardian, Russian, Wagner Group Locations: Belgorod, Wall, Silicon, Russia, Ukraine, Shebekino, Al Jazeera, Moscow

☆ The Producer Turning Sadness Into Pop Gold for Taylor Swift and Ed Sheeran
▼ + stars: | 2023-05-04 | by ( Neil Shah | ) www.wsj.com time to read: 1 min

Aaron Dessner battled depression as a teenager. Even as he played guitar and bass in bands, privately, he made brooding piano music on his own. “What I get sad about is the feeling of emptiness, the wreckage of losing people,” he says in an interview at his Long Pond Studio in New York’s Hudson Valley. “Bands break up, marriages break up, everybody breaks up, it kind of depresses me,” he says. “Maybe it’s naive, but I try to hold it all together.”

☆ A former fentanyl user describes the first time she took the illicit drug laced with xylazine as 'the scariest experience of my life'
▼ + stars: | 2023-04-21 | by ( Kelly Burch | ) www.businessinsider.com time to read: +9 min

Opioids contributed to 80,411 overdose deaths in 2021, up from 68,630 deaths in 2020, data from the National Institute on Drug Abuse shows. Xylazine is a sedative that can lead to respiratory and cardiac issuesOpioids, like fentanyl, contributed to more than 80,000 overdose deaths in 2021. Mixing xylazine with fentanyl is particularly problematicMixing xylazine and fentanyl can amplify xylazine's sedative effect and the associated health risks. ReutersThe opioid overdose reversal drug Narcan, also known as naloxone, will not reverse the impact of xylazine, since the drug is not an opioid, according to the DEA. That's because opioids account for nearly 75% of all drug overdose deaths in the US.

☆ Explaining the relative calm of the stock market as the Fed hikes rates into a mini-financial panic
▼ + stars: | 2023-03-25 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

.SPX 1Y mountain S & P 500, 1-year So, are equities under-reacting to a badly contorted bond market, a potentially trapped Fed and faltering economy? This has allowed the S & P 500 excluding financials and real estate to outperform the headline index by a couple percentage points year to date. Microsoft alone has added some $240 billion in market value since that date, more than the entire market cap of the S & P 500 regional-banks sub sector. Only about 60% of the S & P 500 members are positive over the past six months even as the index is up 7.5%, a loss of internal energy. The flash S & P Global U.S. Composite PMI for March, reported Friday, was up to 53.3 from 50.1 the prior month and above the 49.5 forecast, a reading S & P says is consistent with around a 2% real GDP pace.

☆ Afghan Bromand keeps alive her Olympic dream in exile
▼ + stars: | 2023-03-24 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +4 min

[1/3] Afghan boxer Sadia Bromand poses for a photograph, after her interview with Reuters, at a hotel on the outskirts of New Delhi, India, March 22, 2023. A series of reports in 2019 on the sexual abuse of Afghan female footballers made her parents fear for her safety. Once the Taliban reclaimed power in 2021, returning home ceased to be an option for the lone Afghan boxer who is attending the women's world championships in the Indian capital. Bromand was forced into exile to hold on to her dream of becoming the first Afghan female boxer to compete in the Olympics. Bromand says she is regularly contacted by Afghan girls who want to play sport and seek help either to train in Afghanistan or leave.

Depleted uranium is a dense by-product left over when uranium is enriched for use in nuclear reactors or nuclear weapons. The United States, Britain, Russia, China, France and Pakistan produce uranium weapons, which are not classified as nuclear weapons, according to the International Coalition to Ban Uranium Weapons. Ingesting or inhaling quantities of uranium - even depleted uranium - is dangerous: it depresses renal function and raises the risk of developing a range of cancers. "It's worth making sure everyone understands that just because the word uranium is in the title of depleted uranium munitions, they are not nuclear munitions, they are purely conventional munitions," Cleverly said. A spokesperson from Britain's defence ministry said: "The British Army has used depleted uranium in its armour piercing shells for decades."

☆ Major central banks set to signal interest rate glide path in crucial week for monetary policy
▼ + stars: | 2023-02-01 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | ReutersThe U.S. Federal Reserve, European Central Bank and Bank of England are all expected to hike interest rates once again this week, as they make their first policy announcements of 2023. Economists will be watching policymakers' rhetoric closely for clues on the path of future rate hikes this year, as the three major central banks try to engineer a soft landing for their respective economies without allowing inflation to regain momentum. The market is now pricing in this eventuality, but the key question is what the FOMC will indicate about further rate hikes in 2023. "Fewer hikes might be needed if the recent weakening in business confidence captured by the survey data depresses hiring and investment more than we think, substituting for additional rate hikes," Mericle said.

☆ Media outlets push fears of officers overdosing from fentanyl exposures. Doctors say it doesn’t add up.
▼ + stars: | 2022-12-22 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

It’s one of many incidents that has popped up around the country in which first responders believe they have overdosed on fentanyl after brief exposure to the drug. “FLORIDA OFFICER COLLAPSES AFTER FENTANYL EXPOSURE,” a chyron on the right-wing cable channel Fox News blared in this particular case. And, critically, it found there are no confirmed cases of an officer having an overdose after touching fentanyl. When some local outlets in Florida later attempted to question the police narrative about the purported officer overdose, including proof of the drug’s presence, they were met with resistance. “There is a danger to media accounts with unsubstantiated claims of first responders overdosing after brief, accidental exposure,” Wen told me.

The stakes are high as it potentially affects the future use and effectiveness of extraordinary monetary policies such as bond-buying 'quantitative easing' (QE) and questions the wider political independence of central bank policymaking. The European Central Bank, Bank of England and U.S. Federal Reserve are all - to differing degrees - now facing a backwash from years of policy-driven but lucrative balance sheet expansion. As they lift interest rates, that balance sheet burns a hole in their pockets - or more particularly the pockets of their governments long used to windfalls coming the other way. That will surely climb as the BoE is expected to at least double its policy rate, the rate paid on bank reserves, by May. G4 central bank balance sheetsThe easy-money era is overReuters Graphics Reuters GraphicsThe opinions expressed here are those of the author, a columnist for Reuters.

☆ Puerto Ricans from town in ‘terrible destruction’ after Hurricane Fiona despair over town's initial exclusion from aid
▼ + stars: | 2022-09-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Daniella Silva | ) www.nbcnews.com time to read: +6 min

The landslides cut off Rivera’s farm, where he still lacks power and water, until heavy machinery arrived to attempt to clear the destruction. Most of the towns excluded were in the southwestern region, where Hurricane Fiona entered and left incalculable devastation. 'Almost all lost'But residents in San Germán were frustrated at not being able to apply immediately for individual assistance. Gone were hundreds of avocados, the coffee, the eggplants, zucchini and other crops Rivera produces and sells to the community, mostly to nearby restaurants. Jorge Luis Rivera, 36, a farmer in San Germán, Puerto Rico, who lost most of his crops to Hurricane Fiona.

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