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☆ Chibuike Ifedilichukwu: Nigerian upcycling artist creates portraits from waste
▼ + stars: | 2023-08-16 | by ( Aneta Felix | ) edition.cnn.com time to read: +4 min

But where others see trash, 37-year-old Nigerian artist Chibuike Ifedilichukwu sees opportunity. He creates portraits of celebrities from discarded aluminum cans, making a bold statement about waste management in the country. One day in 2021, while accompanying his wife to an antenatal clinic, Ifedilichukwu says he stumbled upon a pile of dumped plastic strips. I found that nobody does this pattern of art,” Ifedilichukwu told CNN. Although he wears gloves when he works, he says he’s been cut many times by sharp-edged cans, craft knives, scissors, needles and steel wire.

Persons: Chibuike Ifedilichukwu, Ifedilichukwu, “, ” Ifedilichukwu, Chibuike, ”, Cardi, Chimamanda Ngozi Adichie, Don Jazzy, Greta Thunberg, Leonardo di Caprio, Davido, Ifedilichukwu Ifedilichukwu, he’s, “ It’s Organizations: CNN —, CNN, Ifedilichukwu Locations: Nigeria, Anambra, Awka

☆ DNA of enslaved iron workers illuminates African American history
▼ + stars: | 2023-08-03 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

A view of the site of the Catoctin Furnace, an iron forge where enslaved people of African descent once worked, in Cunningham Falls State Park in Maryland, U.S., in this undated photograph. The site now also is providing unique insight into African American history thanks to research involving DNA obtained from the remains of 27 individuals buried in a cemetery for enslaved people at Catoctin Furnace. For African American and United States history, revealing these stories and family legacies is important to understanding and acknowledging who we are, where we came from and how we are connected to each other today," Bruwelheide added. Enslaved people of African descent were forced to work in agricultural, industrial and domestic settings in parts of the United States. In a first-of-its-kind analysis, the researchers examined historical DNA alongside genetic testing company 23andMe's personal ancestry database to identify 41,799 Americans related to the 27 individuals, including 2,975 close relatives.

Persons: Aneta, Camp David, Kari Bruwelheide, Bruwelheide, Éadaoin Harney, Andy Kill, enslavers, Kathryn Barca, Barca, Will Dunham, Rosalba O'Brien Organizations: REUTERS, U.S, Smithsonian Institution, Democratic, Smithsonian's National, of, United, Workers, Catoctin, Smithsonian, Thomson Locations: Cunningham Falls, Park, Maryland, U.S, Handout, REUTERS WASHINGTON, Camp, Catoctin, West, Central Africa's, Senegal, Gambia, Angola, Democratic Republic of Congo, Africa, Americas, Washington, United States, Civil

☆ SVB fallout: Is my money safe?
▼ + stars: | 2023-03-13 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +6 min

New York CNN —The question on so many bank customers’ minds in the aftermath of Silicon Valley Bank’s stunning collapse: Is my money safe? US customers held at least $151.5 billion in uninsured deposits by the end of 2022, SVB’s latest annual report said. But before markets opened this week, the Biden administration took an extraordinary step, guaranteeing that SVB customers will have access to all their money starting Monday, even uninsured deposits. Many SVB customers had much more than $250,000 deposited and now that they can’t get their money, some companies are struggling to make payroll. “I don’t think people should panic, but it’s just prudent to have insured deposits versus uninsured deposits,” Hatfield said.

☆ Covid's 'legacy of weirdness': Layoffs spread, but some employers can't hire fast enough
▼ + stars: | 2023-02-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022. This points to a labor market that's still tight, particularly in service sectors that were hit hard earlier in the pandemic, such as restaurants and hotels. Consumer spending has remained robust and surprised some economists, despite headwinds such as higher interest rates and persistent inflation. "There's a difference between saying the labor market is tight and the labor market is strong," Kelly said. With interest rates rising and inflation staying elevated, consumers could pull back spending and spark job losses or reduce hiring needs in otherwise thriving sectors.

☆ Exclusive: The FBI's McGonigal labyrinth
▼ + stars: | 2023-02-08 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +28 min

She never saw McGonigal pay. "The notion that Mr. Deripaska is some proxy for the Russian state is a blatant lie," Ruben Bunyatyan, a spokesperson for Deripaska, told Insider by email. McGonigal was not charged with espionage, and although there is currently no evidence that McGonigal committed espionage, an FBI source told Insider that the investigation is ongoing. At the FBI, McGonigal racked up a string of big cases and promotions. "He said he needed to make more money," Guerriero told Insider.

☆ Buy these 17 highest-conviction stocks for the best chance at outperformance as the market endures a challenging economic 'hard landing'
▼ + stars: | 2023-01-15 | by ( Marley Jay | ) www.businessinsider.com time to read: +1 min

The firm expects muted gains for stocks as corporate profits fall 6.5%Still, Jefferies is predicting a 5% to 6% increase for the benchmark S&P 500 index. Wall Street is convinced a recession is coming this year — and Jefferies thinks the downturn will be worse than most onlookers expect. He expects the benchmark S&P 500 index to rise about 5% and end the year at 4,200. As of Thursday's close, all of the picks had much more upside than Darby thinks the S&P 500 does. Those 17 stocks are ranked below from lowest to highest based on how much upside Jefferies thinks they have over the next 12 months as reflected in its current price targets.

☆ Markets think the Fed is about to deliver a smaller rate hike, but here's one big reason the central bank could stay aggressive on its next move
▼ + stars: | 2023-01-14 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

Investors are locking in expectations that the Fed will downshift its interest rate hike in February. The December core rate was 0.3% on a monthly basis, up from 0.2% in November. Shelter inflation that monitors costs for renters and homeowners climbed 0.8%. "Bond yields moving lower, the VIX moving lower and the dollar moving lower suggests that the iceberg of fear that we've seen for the last year almost is easing," Russell said. "The market looks out and they see a scenario of lower inflation … they see that we're getting to the end of this aggressive rate hiking."

☆ Expectations for the Fed to downsize future rate hikes soar after CPI shows inflation cooled in December
▼ + stars: | 2023-01-12 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Investors on Thursday were pricing in a more than 90% chance the Fed will reduce the size of its interest rate hike in February. The more bullish view on a potential downshift was sparked by cooler prices in the December inflation report. But there are 'lingering pressures' within core inflation for the Fed to consider. Investors also chopped down expectations for a March 22 rate hike of 50 basis points, to 5.4% from 18.6%. Core CPI that excludes energy and food prices rose 0.3%, meeting expectations but it was slightly higher than 0.2% in November.

☆ Job growth expected to have cooled in December but not enough to slow Fed rate hikes
▼ + stars: | 2023-01-05 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

The data is important since the Fed has been trying to slow the hot labor market in its fight against inflation. Economists surveyed by Dow Jones also expect that the unemployment rate remained at 3.7% in December, while average hourly wage growth slowed to 0.4% from 0.6% in November. "Their forecast has the unemployment rate rising. "If you need the unemployment rate to rise, you need jobs to fall below 70,000 to 100,000." The Fed has raised interest rates seven times since last March, and the fed funds rate is now at 4.25% to 4.5%.

☆ Dow and stock market tumbles. So much for an end-of-year rally
▼ + stars: | 2022-12-15 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +2 min

New York CNN —Christmas is just ten days away, and investors are still hoping for a Santa Claus rally. The Dow tumbled more than 700 points, or 2.1%, Thursday, and it is down about 4% in December following solid gains the previous two months. The S&P 500 is now off more than 4% for the month while the Nasdaq has sank 5%. The Fed raised rates by “just” a half of a percentage point Wednesday, as expected. It didn’t help that the government also reported a much bigger drop in retail sales for November than expected on Thursday.

He described the slow rate of economic growth penciled in by Fed officials next year as still "modest." Only two of 19 Fed officials see the benchmark overnight interest rate staying below 5% next year, a sign of a still broad consensus to lean against inflation. In the U.S. Treasury market, which plays a key role in the transmission of Fed policy decisions into the real economy, yields were little changed to slightly lower. Powell said the speed of coming rate rises is less critical now than earlier in the year when the central bank was "front-loading" rate hikes to catch up with accelerating prices. "Our focus right now is really on moving our policy stance to one that is restrictive enough to ensure a return of inflation to our 2% goal over time, it's not on rate cuts," Powell said.

☆ Jefferies' Markowska skeptical inflation will fall below 4% until labor demand breaks
▼ + stars: | 2022-12-14 | 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 EmailJefferies' Markowska skeptical inflation will fall below 4% until labor demand breaksAneta Markowska, Jefferies chief financial economist, joins 'The Exchange' to discuss why she sees wages going up, if wage gains will ultimately push inflation higher and more.

☆ Surprise inflation report may signal smaller Fed rate hikes in future — if trend continues
▼ + stars: | 2022-12-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

The Federal Reserve may be more comfortable with a series of small rate hikes next year if inflation continues to cool, economists say. Stocks surged and bond yields fell sharply early Tuesday as investors bet November's better-than-expected consumer inflation report could mean fewer Federal Reserve rate hikes. A basis point equals 0.01 of a percentage point. As bond yields fell, the futures market reflected lower expectations for Fed rate hikes Tuesday morning. She expects the central bank to raise rates by a half percentage point Wednesday and to end rate hikes at a terminal rate of 5.1% next spring.

The New York Fed survey began in 2013. The one-year ahead expected inflation reading was also the lowest of the year. GOOD NEWS FOR FED'S INFLATION STRUGGLESThe expected path of inflation is a key variable in that process. A large part of the near-term fall in expected inflation is likely tied toward recent declines in always-volatile gasoline prices. The New York Fed reported that respondents said in November they see household incomes rising by 4.5%, from October’s 4.3%, a record-high reading.

☆ Shoppers are dipping into savings and going into debt. That could cause a holiday hangover
▼ + stars: | 2022-12-09 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

And that would be problematic for an economy that is driven by consumer spending. But the savings rate has come down since, in large part due to the high cost of living. The savings rate fell to just 2.3% in October, according to government statistics released last week. By contrast, the savings rate in 2019 averaged nearly 9%, according to Moody’s. Markowska expects consumer spending to remain solid until layoffs pickup steam, likely during the third quarter of next year.

☆ Will the Fed 'raise and hold' rates? Traders bet they will not
▼ + stars: | 2022-12-05 | by ( Ann Saphir | ) www.reuters.com time to read: +4 min

Reuters GraphicsIt syncs with financial market measures like the inverted Treasury yield curve flashing warning lights about a coming recession. "I don't think the Fed will be comfortable cutting rates until unemployment gets close to 5%, or inflation declines south of 3%. Fed policymakers will update their forecasts for unemployment and inflation at the end of their Dec. 13-14 meeting, with some already previewing snippets of their updated outlooks. Powell said he believes rates will ultimately need to go "somewhat higher" than the 4.6% policymakers projected in September. But, he said, "we wouldn't just raise rates and try to crash the economy and then clean up afterwards."

☆ Inflation is still too sticky for Fed to pivot, says Jefferies' Aneta Markowska
▼ + stars: | 2022-11-02 | 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 EmailInflation is still too sticky for Fed to pivot, says Jefferies' Aneta MarkowskaAneta Markowska, Jefferies chief financial economist, joins 'The Exchange' to discuss the Fed and the economy.

Yields on U.S. Treasury bonds rose after the release of the data, as did bets that the Fed may raise its target policy rate higher than anticipated. DIFFICULT TO PIVOTThe job openings data "will make it very difficult for the Fed to pivot" towards a slower pace of rate hikes, as many have expected, Jefferies economists Aneta Markowska and Thomas Simons wrote. Quits are seen as a sign of labor market strength, evidence that people either have a more attractive option in front of them or are confident of finding one. Balanced against the strength of the labor market is evidence that a slowing of inflation may be in the pipeline. Reuters Graphics Reuters GraphicsThe jump in job openings "is another example of data 'not cooperating' with the Fed's desire to slow the pace of rate hikes," Citi analysts wrote.

☆ The economy may be in better shape than you think...for now
▼ + stars: | 2022-10-23 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

The consensus forecast from economists surveyed by Reuters is that GDP grew at an annualized pace of 2.1% in the third quarter. (This will be the first estimate for third-quarter GDP, and there will be several revisions in the coming weeks.) That also means the Fed will likely continue to sharply raise interest rates to finally choke off inflation once and for all. Those rate hikes helped cause a so-called double-dip recession, where the economy suffered two downturns between 1980 and 1982. In other words, the much-hoped-for “soft landing” for the economy could turn out to be a pipe dream.

☆ U.S. existing home sales slide again in September; jobless claims fall
▼ + stars: | 2022-10-20 | by ( Dan Burns | ) www.reuters.com time to read: +6 min

SELLERS' MARKET NO MOREExisting home sales fell 1.5% to a seasonally adjusted annual rate of 4.71 million units last month, the NAR said. Outside of the short-lived plunge during the spring of 2020, when the economy was reeling from the first wave of COVID-19, this was the lowest sales level since September 2012. Economists polled by Reuters had forecast sales would decrease to a rate of 4.70 million units. As a result, he expects the sales rate to decline further in the months ahead, perhaps to as low as 4.5 million annually, which would be roughly 4% to 5% lower than the current sales pace. "We don't look for claims to fall much below current levels, but we don't look for a significant rise in claims or unemployment either until we enter a recession in 2023."

☆ U.S. factory output solid in September; builder sentiment slumps further
▼ + stars: | 2022-10-18 | by ( Dan Burns | ) www.reuters.com time to read: +5 min

The two data points out Tuesday illustrate the uneven impact the U.S. central bank's rate hikes are having so far on the economy. Manufacturing output rose 0.4% last month, keeping pace with an upwardly revised 0.4% gain in August, the Federal Reserve said on Tuesday. Overall industrial production rose 0.4%, after slipping 0.1% the prior month. The rate hikes have torpedoed activity in the housing sector, and Wednesday's data from the National Association of Home Builders reinforced that. "And given expectations for ongoing elevated interest rates due to actions by the Federal Reserve, 2023 is forecasted to see additional single-family building declines as the housing contraction continues."

☆ More giant rate hikes are coming as inflation stays at 4-decade highs. Here's what UBS, the world's largest wealth manager, says investors should own now.
▼ + stars: | 2022-10-14 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

The latest inflation data makes it clear that more interest rate hikes are coming. UBS Global Wealth Management explains what investors should do as rates rise and the economy slows. After the government reported another 40-year high in year-over-year inflation, investors are even more confident that the Federal Reserve will implement another 75 basis-point hike in November, and do it again in December. For at least a little while, nothing is going to deter the Fed, according to Mark Haefele, the chief investment officer for UBS Global Wealth Management. "We expect the markets to remain volatile in the coming months, and we maintain our tilt toward value and defensives," Haefele wrote in a note to clients.

From a year earlier, prices rose 8.2%, far above the Fed's 2% target. That is still the dominant view, though futures prices now also reflect about a one-in-10 chance of a full percentage-point rate hike next month. By year end, traders now expect the rate to reach 4.5%-4.75% -- the level Fed policymakers had just three weeks ago seen taking until next year to reach -- and topping out around 4.85% by March of next year. Fed policymakers have raised interest rates sharply this year, from near-zero just seven months ago. Traders are pricing a smaller 30 basis point rate cut toward the end of 2023, rate-futures contracts traded at CME Group show.

☆ Jefferies’ Aneta Markowska breaks down what to expect from Fed decision on rate hikes
▼ + stars: | 2022-09-21 | 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 EmailJefferies’ Aneta Markowska breaks down what to expect from Fed decision on rate hikesAneta Markowska, chief financial economist at Jefferies, joins ‘The Exchange’ to discuss Fed’s next move in fighting inflation.

☆ Absolvenții Facultății de Jurnalism și Științe ale comunicării de la USM au primit diplomele de licență și de master
▼ + stars: | 2021-07-02 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Absolvenții Facultății de Jurnalism și Științe ale comunicării de la USM au primit diplomele de licență și de masterFacultatea Jurnalism și Științe ale Comunicării a organizat, pe 2 iulie curent, festivitatea de înmânare a diplomelor de licență și master absolvenților promoției 2021. În acest an și-au încheiat studiile la programele de licență și master 139 de absolvenți. Invitatul de onoare al evenimentului a fost rectorul Universității de Stat din Moldova, dr., conf. Ședința festivă a fost deschisă de către rectorul USM, dr., conf. Promoția de absolvenți 2021 a Facultății Jurnalism și Științe ale Comunicării întrunește 88 de de licențiați la Specialitatea Jurnalism și procese mediatice, 10 licențiați la Specialitatea Biblioteconomie, asistență informațională și arhivistică și 41 de deținători ai diplomelor de studii superioare de master.

Persons: Igor Șarov, Albu, ombudsmană, Alex Luca, Carmelia Albu, Ilinca, Ecaterina, Popov Aneta, Irina, Mihalache Elisaveta Organizations: Jurnalism, Comunicării, Universității de Stat, Companiei Teleradio Moldova, Prime, USM Locations: Moldova

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