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☆ Hey, America, here's what's actually going on with the economy
▼ + stars: | 2024-05-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Read previewHey, America, we totally understand if you're not feeling so great about the economy. This story is available exclusively to Business Insider subscribers. If you're interested in learning more about what's going on with the economy take a look at the charts below. Unemployment rates in the US have been lowThe unemployment rate did climb from 3.8% in March to 3.9% in April, but that's still low. However, just because we aren't in a recession doesn't mean the economy is perfect.

Persons: —, We're, Harris, David Kelly, Eugenio Alemán, Raymond James, Gregory Daco, Kelly, Daco, Alemán, Raymond James doesn't Organizations: Service, Guardian, Business, Morgan Asset Management, Real Locations: America

☆ This researcher studied happiness for 10 years to try and find it herself—now she has a new definition for it
▼ + stars: | 2024-05-22 | by ( Renée Onque | ) www.cnbc.com time to read: +6 min

CNBC Make It spoke to her about why she challenges the common definition of happiness and offers up a new one. Experiencing my own challenges with my mental health, my physical health, my relational health, and that compelled me to want to understand what I was doing wrong. Based on your research, what are some things that people get wrong about happiness, and what actually leads to true happiness? I thought it was very interesting that you've formed this "New Happy" community. I started to build the community by doing things like providing free challenges every week.

Persons: Stephanie Harrison's, Harrison, Dr, Martin Seligman, Penn, we're Organizations: CNBC, University of Pennsylvania Locations: Penn

☆ Opinion: Rewatching ‘Notting Hill,’ the truly unbelievable part is Hugh Grant’s house
▼ + stars: | 2024-05-22 | by ( Opinion Laura Beers | ) edition.cnn.com time to read: +11 min

The Notting Hill of the 1990s was still socially heterodox and shabby chic, a neighborhood where a group of 30-something professionals could plausibly have ended up. Even in the late 1990s, such access to disposable income marked the characters in “Notting Hill” out as privileged. Yet, in the 1990s, Notting Hill, long a center of Caribbean immigrant culture and the site of the annual Notting Hill Carnival, underwent a rapid process of gentrification. Between 1995 and 1999, Notting Hill house prices rose by 75%. The colorful terraced houses of Notting Hill, which these days sell for millions of pounds.

Persons: Laura Beers, ”, George Orwell’s, Richard Curtis ’, Julia Roberts, Anna Scott, Hugh Grant, William Thacker, Roberts, Laura Beers Laura Beers, it’s, —, Curtis, Hill’s, Hugh Grant's, Winston, George Orwell, Orwell, Tony Blair’s Britain, Bill Clinton’s America, Grant’s, Tony Blair, Steve Eason, Notting, Spike, Rhys Ifans, Notting Hill, Mike Kemp, San, Spencer Platt, Rishi Sunak’s government’s, Bill, Rewatching Organizations: American University, CNN, MCA, Everett, Notting, Labour, Hulton, Getty, Movement, Housing, Federal Reserve, New York State, Hill ” Locations: American, London, West London, Notting, West, Britain, United States, Young, Notting Hill, Central London, San Francisco, Manhattan, San Matteo, Redwood City, York

Police dispatchers use the term as a geographic point of reference: “There’s a very large fire coming from the Jungle behind Carpet Warehouse …”The Jungle. Tucked beside railroad tracks that course through gnarly woods, the encampment harbors the disenfranchised and distrusting, the addicted and the unwell, the vulnerable and the predatory. It is an off-the-grid community, a hide-out, a drug den, a home for people with nowhere else to go. A place of freedom and fire, overdose and escape, where the police are uncertain of their role and first responders enter with caution. But the Jungle reflects more than the often-intertwined plagues of drug addiction, mental illness and homelessness.

Organizations: Police, Jungle Locations: New York, Ithaca

☆ Raisi Has Died in Helicopter Crash, State Media Reports
▼ + stars: | 2024-05-19 | by ( Vivian Nereim | ) www.nytimes.com time to read: +4 min

Inside a clothing store in Tehran, a television is set to a news channel reporting on the crash of the helicopter carrying the president of Iran. The crash of a helicopter carrying President Ebrahim Raisi of Iran could hardly have come at a more volatile time for the Islamic Republic. The crash also raises questions about who would become Iran’s supreme leader after Ayatollah Ali Khamenei, who is 85, Mr. Vaez said. Mr. Raisi has been seen as a possible successor. Mr. Vaez said that Mr. Raisi has been viewed as “predictable for the system — and that’s the reason he was chosen as president and was being groomed for the top job.”Farnaz Fassihi contributed reporting.

Persons: Ebrahim Raisi, Raisi —, Iran’s, —, Ali Vaez, ” Mr, Vaez, Mahsa Amini, Ayatollah Ali Khamenei, Raisi, ” Farnaz Fassihi Organizations: Crisis Group, Parliamentary, Islamic, Israel Locations: Tehran, Iran, Islamic Republic, Israel, United States, ”, Kerman, Islamic State, Gaza, Lebanon, Damascus, Syria

☆ Iranian President Helicopter Crash Raisi Has Died in Helicopter Crash, State Media Reports
▼ + stars: | 2024-05-19 | by ( Farnaz Fassihi | ) www.nytimes.com time to read: +4 min

☆ Smoke-Filled Skies Leave Midwest Fearing Another Season of Polluted Air
▼ + stars: | 2024-05-13 | by ( Ernesto Londoño | ) www.nytimes.com time to read: +1 min

A cloud of smoke from Canadian wildfires suddenly blanketed Minnesota on Sunday evening, marring what had otherwise been a sun-drenched weekend and leaving some residents wondering whether the misery of last summer was starting all over again. A thick haze of smoke had repeatedly hung over cities in the Midwest and on the East Coast throughout the summer last year, leaving some communities breathing air so polluted that schools were closed and sporting events canceled. For now, experts say that a similar pattern has indeed appeared to have emerged. “We’re expecting a pretty active wildfire season in Canada,” said David Brown, an air quality meteorologist at the Minnesota Pollution Control Agency. For now, he added, people on the East Coast appear unlikely to endure the kind of periods of highly polluted air that startled many people last year.

Persons: “ We’re, ”, David Brown, Mr, Brown Organizations: Minnesota Pollution Control Agency Locations: Minnesota, East, Canada, Quebec, Ontario

☆ Meet the millennials who suddenly doubled their wealth in the last 4 years after an adulthood plagued by bad economic luck
▼ + stars: | 2024-05-11 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +11 min

"So looking at even a $150,000 price tag for a house, you're just like, when is that ever going to happen?" In the fourth quarter of 2019, millennials held $3.5 trillion in real estate wealth; as of the fourth quarter of 2023, that's more than doubled. Average millennial wealth doubled between 2019 and 2023, according to an analysis from the Center for American Progress. For example, Gen Xers' real wealth grew by only 4% in the four years following 2007's Great Recession. Baby boomers' real wealth grew by 46% in the four years after the 1990 recession.

Persons: —, James Barnes, Barnes, you'd, millennials, Khary, Gen Xers, boomers, Joe Biden, Biden, didn't, Amanda, Rob Gruijters, They're, there's, Caitlin de Oliveira, she's Organizations: Service, Navy, BI, Center for American Progress, University of Cambridge, Research Locations: Lawrenceville , Georgia, Atlanta, Alabama, —, Texas

☆ Do this 1 thing to curb your kid's anxiety today, says lead researcher behind 'The Anxious Generation'
▼ + stars: | 2024-05-11 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Zach Rausch, lead researcher to Haidt and an associate research scientist at NYU-Stern School of Business, says kids who had access to social media and iPhones in elementary and middle school report higher levels of anxiety and depression. "The biggest effects of social media happened during puberty, especially early puberty," he says. To curb bullying, social comparison, and depression in adolescents, Haidt and Rausch crafted four suggestions:No smartphones for kids before high school — give them only flip phones in middle school. No social media before age 16. If you want to make a change today that will positively impact your child's health, Rausch says start by talking to your kids' friends' parents.

Persons: Johnathan Haidt pinpoints, University's, Zach Rausch, Rausch Organizations: University's Stern School of Business, NYU, Stern School of Business Locations: New

☆ Reasons to Have Hope - The New York Times
▼ + stars: | 2024-05-09 | by ( Nicholas Kristof | ) www.nytimes.com time to read: +1 min

Mr. Kristof is the author of a new memoir, “Chasing Hope: A Reporter’s Life,” from which this essay is adapted. More than three-quarters of Americans say the United States is headed in the wrong direction. And this despair permeates not just the United States, but much of the world. Instead of a City on a Hill, we feel like a nation in despair — maybe even a planet in despair. What I’ve learned from four decades of covering misery is hope — both the reasons for hope and the need for hope.

Persons: Kristof, “, that’s, I’ve Locations: United States, America, Gaza

☆ Sexism, Cheating, and Nightclubs: Inside the Dark Heart of Chess
▼ + stars: | 2024-05-09 | by ( Rob Price | ) www.businessinsider.com time to read: +18 min

Socialites are playing chess on "The Real Housewives of New York City." In 1990, according to the US Chess Federation, only 4% of chess players were women. Out in the world, chess' resurgence has been accompanied by a wave of new clubs and events. I made a pilgrimage to the Marshall Chess Club, a 109-year-old institution in Greenwich Village. The following evening, I went to an East Village bar and found a very different scene at Club Chess.

Persons: we'd, she'd, I'd, festers, Judit Polgár, Gary Kasparov, —, Juliana Gallin, Jennifer Shahade, Alejandro Ramírez, Ramírez —, Ramírez, Shahade, Levy, Hikaru Nakamura, Rey, Anna Cramling, Miguel Pereira, Cramling, Nakamura, Bill Withers, Frank Marshall, Alexander Luke Bahta —, athleisure, you've, it's, Magnus Carlsen, Hans Niemann, Carlsen, Niemann, Dean Mouhtaropoulos, I've, Kasparov, they're, Vladimir Kramnik, Chess.com, Kramnik, Fabiano Caruana, Dan Timbrell, doesn't Organizations: Mechanics ' Institute, Housewives, New, US Chess Federation, FIDE, Washington Post, Marshall Chess Club, Chess, The Guardian, New York, whacking, Computer, YouTube Locations: San Francisco, New York City, Berkeley , California, Greenwich Village, hipsters, American, East, Canadian, Romanian, Netherlands, It's, New York, Russian

☆ Workday Has Become the Most-Hated Workplace, Business Software
▼ + stars: | 2024-05-06 | by ( Matt Alston | ) www.businessinsider.com time to read: +13 min

Every HR professional and hiring manager I spoke with — whose lives are supposedly made easier by Workday — described Workday with a sense of cosmic exasperation. "Workday does not have oversight or control of our customers' job application processes.") If candidates hate Workday, if employees hate Workday, if HR people and managers processing and assessing those candidates and employees through Workday hate Workday — if Workday is the most annoying part of so many workers' workdays — how is Workday everywhere? (Workday's "customers choose the frequency at which they conduct reviews, not Workday," said the spokesperson.) "HR software sucking" is a big tent.

Persons: you'd, Workday's, —, David Duffield, Teladoc, UKG, Cory Doctorow, It's, He'd, Matt Alston's, Stone Organizations: Fortune, Netflix, Goodwill, Spotify, Washington Post, Ohio State University, FedEx, Nintendo, Honda, LinkedIn, IBM, Oracle, Bank of America, Automation, Rippling, Systems, Facebook, Wired Locations: San Francisco, Amazon's, It's, Bonusly, Maine

☆ Britain’s Conservatives suffer heavy losses in a sign that Rishi Sunak is in real trouble
▼ + stars: | 2024-05-03 | by ( Luke Mcgee | ) edition.cnn.com time to read: +4 min

CNN —Britain’s governing Conservative Party suffered heavy losses in local elections, a sign that they could be in real trouble when the country holds a general election at some point later this year. It also means that if a general election were held tomorrow, the opposition Labour Party would almost certainly win power. What these results don’t tell us is when the general election will take place. Conservatives are divided on when they think Sunak should bite the ballot bullet. Others think Sunak should look toward the end of the year, as it allows the most time for things to improve.

Persons: Rishi Sunak, Keir Starmer, Sunak, Rwanda –, Boris Johnson, Liz Truss, Johnson, Truss Organizations: CNN, Conservative Party, Labour Party, Conservative, Labour, Reform, Conservatives Locations: Rwanda

☆ 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

☆ Opinion: ‘Baby Reindeer’ is a hard-to-watch hit. I hope this will be its legacy
▼ + stars: | 2024-05-01 | by ( Jane Carr | Opinion Sara Stewart | ) edition.cnn.com time to read: +9 min

CNN —This essay contains some spoilers for “Baby Reindeer.”The Netflix hit “Baby Reindeer” has taken the world by storm with its nuanced, painfully honest portrayal of one man’s experience of stalking and abuse. According to the US Centers for Disease Control and Prevention (CDC), “nearly a quarter of men reported some form of contact sexual violence in their lifetime. “There is a hidden epidemic of sexual violence within the queer community that is rarely visible in the media. A man some viewers mistakenly identified as the older television writer in “Baby Reindeer” has gone to the police after receiving threatening messages on social media. Whatever the legacy of “Baby Reindeer” may be, it stands as one of the boldest and most forthright explorations of male victims of stalking and sexual assault.

Persons: Sara Stewart, Sara Stewart Todd Thompson, Richard Gadd, Gadd, Donny, ” Gadd, GQ, “, ‘, ’ ”, he’d, hadn’t, ”, who’s, ” Jeffrey Ingold, ” Ingold, stalkers, Jessica Gunning, Martha, —, he’s, it’s, Teri, she’s Organizations: CNN, Netflix, US Centers for Disease Control, Prevention, Guardian, Independent, Twitter, Facebook Locations: Pennsylvania

☆ Labor Day isn’t the holiday it once was for China’s workers
▼ + stars: | 2024-04-30 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —Like hundreds of millions of workers in China, Hao Zeyu, an algorithm engineer at an electric vehicle maker, is getting five days off this week for the Labor Day holiday. So, why has a decades-old policy caused so much upset in a country whose Communist Party leadership pays annual homage to International Workers’ Day? Trending topicIn recent weeks, complaints about this year’s Labor Day leave arrangements have exploded on Chinese social media. Tourists visit the Qiansimen Jialing River Bridge during the May Day holiday on May 1, 2023 in Chongqing, China. Labor Day isn’t the only holiday to get the adjusted rest policy.

Persons: Hao Zeyu, Hao, “, ” Hao, ”, Yao, Max Teng, it’s, Yaer Tuerdi, Pang Dong Lai, Yu Donglai, Yu, Teng Organizations: Hong Kong CNN, Labor, CNN, Communist Party, International Workers, Workers, Weibo, Tourists, China News Service, University of Wellington, “ Workers Locations: China, Hong Kong, Chongqing, United States, United Kingdom, Kentucky, Henan

☆ My Investment Banking Job Nearly Destroyed Me
▼ + stars: | 2024-04-29 | by ( Christine Ji | ) www.businessinsider.com time to read: +9 min

I hadn't expected to be lying on the office floor thinking that I needed to quit my investment banking job — yet there I was. The allure of an investment banking job is seductive. Being an investment banking analyst was much sexier in theory than practiceI knew banking would be intense from the internship, but nothing could've prepared me for just how intense the full-time role was. There's very little advice out there on how to quit your investment banking job. I can't say I loved investment banking to that degree, so I walked away.

Persons: could've, nauseous, there'd, Ji Organizations: Business, Ivy League, Wall

☆ I left my daughter's dad 4 years ago and have zero interest in reentering the dating world
▼ + stars: | 2024-04-21 | by ( Barbara Pazur | ) www.businessinsider.com time to read: +5 min

Read previewIt's been four years since my partner and I split, and the world of dating is a distant memory. As a single mom, I've reshaped my life around new priorities — my daughter's future and finding myself again. Being a mom, much less a single mom, was never on my bucket list. We were living and working in Dublin and I got pregnant just a few months after we had started dating. I didn't feel like I was living my life — it was living me.

Persons: —, I've, hadn't, Constant, Barbara Pazur, Disney Organizations: Service, Business Locations: Dublin

☆ Opinion: ‘The Ministry of Ungentlemanly Warfare’ has a surprising secret
▼ + stars: | 2024-04-20 | by ( Opinion Noah Berlatksy | ) edition.cnn.com time to read: +7 min

Watch “Apocalypse Now” (1979), “Full Metal Jacket” (1987) or “Platoon” (1986) and you should know what war really means. “Ungentlemanly Warfare” features a disreputable band of riff raff brought together for a super-secret mission. Ritchie makes no such concessions to authenticity in “Ungentlemanly Warfare.”Henry Cavill is Gus March-Phillips in Guy Ritchie’s “The Ministry of Ungentlemanly Warfare." Even when a war movie doesn’t actively mislead you, the promise of being privy to an unvarnished, authentic and extreme experience can be seductive. “It would decay in eternal peace.”Compared to that kind of cult of authentic war, “Ungentlemanly Warfare” feels fairly harmless, and not in a bad way.

Persons: Noah Berlatsky, Ryan, ”, Noah Berlatsky Noah Berlatsky Guy Ritchie’s “, it’s, Fernando Po, raff, Winston Churchill, Rory Kinnear, Gus March, Phillips, Henry Cavill, Anders Lassen, Alan Ritchson, Marjorie Stewart, Eiza, Ritchie, ” Henry Cavill, Gus, Guy Ritchie’s “, Daniel Smith, electroshock, Quentin Tarantino’s, Inglourious, Hitler, He’s, “, Tarantino, Brad Pitt, B.J, Novak, Quentin Tarantino's, they’ve Organizations: CNN, Ungentlemanly, British, Lionsgate Locations: Chicago, “ Dunkirk, ”, Spanish, Fernando, Vietnam

☆ Russia's firing new, long-range Kh-69 cruise missiles, war experts say, piling on the misery for Ukraine's dwindling air defense
▼ + stars: | 2024-04-13 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Russian forces have deployed a new cruise missile, the Institute for the Study of War said. AdvertisementRussian Forces are deploying a new, long-range cruise missile, known as the Kh-69, as it steps up attacks on Ukraine's energy infrastructure. A Ukrainian war monitor account, which tracks Russian aviation activity, claimed that three Kh-69s were fired at Ukraine overnight on February 7-8. Kh-69 on display Mike1979 Russia/Wikimedia CommonsAccording to The War Zone, the Kh-69 was developed by Raduga, part of Russia's Tactical Missile Corporation. Russian forces can launch the missiles from Su-34 and Su-35 tactical aircraft rather than solely from strategic bombers.

Persons: —, Volodymyr Zelenskyy, Ukraine Valentyn Ogirenko, ISW, Yevlash Organizations: Institute for, Service, Russian Forces, Washington DC, Employees, Ukraine's Air Force, Institute for Strategic Studies, European, Raduga, Russia's Tactical Missile Corporation Locations: Kyiv, Russia's, Russia, Russian, Ukraine, Ukrainian

☆ Liverpool ‘lost the plot’ after being rocked by Atalanta in Europa League quarterfinal
▼ + stars: | 2024-04-12 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Liverpool and its manager Jürgen Klopp were left stunned after losing 3-0 at home in the first leg of its Europa League quarterfinal against Italian side Atalanta on Thursday. Atalanta, currently sixth in Serie A, could have scored more at Anfield had it not been for Liverpool goalkeeper Caoimhin Kelleher. But Atalanta broke the deadlock in the 38th minute when Gianluca Scamacca’s effort found a way past Kelleher. The goal sparked panic at Anfield as Liverpool went searching for a goal to help reduce the deficit. Fans had earmarked the Europa League final in Dublin, Ireland, as Klopp’s potential last game in charge, but those plans now seem in jeopardy.

Persons: Jürgen Klopp, Caoimhin Kelleher, ” Klopp, “, Atalanta, Kelleher, Mario Pašalić, Darwin Núñez, Harvey Elliot, Gianluca Scamacca’s, Teun Koopmeiners, Visionhaus, Klopp, Mohamed Salah, Juan Musso, Scamacca, Salah, Pašalić, Europe –, Liverpool’s, it’s, ” Organizations: CNN, Liverpool, Europa League, Italian, Atalanta, Serie, Anfield, English Premier League –, Arsenal, Reds, Barcelona, Champions League, Premier League, Crystal Locations: Liverpool, Anfield, Italy, Europe, Klopp, Dublin, Ireland

☆ Opinion | Republicans Are Fleeing the Stench of a Rotten Congress
▼ + stars: | 2024-04-11 | by ( Frank Bruni | ) www.nytimes.com time to read: +1 min

When it comes to Donald Trump, House Republicans do a convincing pantomime of love. They grovel for his favor, gush about getting his endorsement and speak and vote in line with his desires. They’re half partisan, half courtesan. That’s the truth of the Trump era, and that’s the moral of the 2024 exodus from Congress. More than two dozen House Republicans, along with more than two dozen House Democrats, have headed or are headed for the exits, but the largeness of those numbers — which track with those in other election years over the past decade — don’t tell the story.

Persons: Donald Trump, merrily, gush, Trump Organizations: House Republicans, Republicans, House, Trump

☆ Opinion: It’s time for us to let go of Bridget Jones
▼ + stars: | 2024-04-11 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

Bridget Jones may be neurotic, absurd and mired in patriarchy, but she’s a hell of a lot more fun than any black coffee-glugging, Marx-bothering Sally Rooney heroine. The third film, 2016’s “Bridget Jones’s Baby” (which followed the 2004 sequel, “Bridget Jones: The Edge of Reason”) was enjoyable enough, but it left me feeling as though I’d filled my plate one too many times at a delicious but overstuffed buffet. (It is also a truth universally acknowledged that a piece of writing mentioning Bridget Jones or any Jane Austen adaptation must contain the phrase “it is a truth universally acknowledged,” so that’s out of the way). Bridget Jones changed that. The most disappointing thing about Bridget Jones was always the reaction to her, especially Renée Zellweger’s portrayal.

Persons: Holly Thomas, Katie Couric, Bridget Jones’s, ”, Bridget Jones, Marx, Sally Rooney, Holly Thomas Holly Thomas, Bridget —, “ Bridget Jones, Jane Austen, Renée Zellweger, Hugh Grant, Bridget, Daniel Cleaver, Leo Woodall, I’m, it’s, Bridget grapples, Mark Darcy, Colin Firth, Hugh Grant’s, Darcy, Cleaver, It’s, we’d, — Bertie Wooster, Adrian Mole, Harry Paget Flashman, William Boot —, Bennet, —, Helen Fielding, isn’t, cussing Organizations: Katie Couric Media, CNN, Twitter Locations: London

☆ Fitch's negative outlook for China is more bad news for its stalling economy
▼ + stars: | 2024-04-10 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Read previewFitch Ratings has cut its outlook for China, adding to the gloom surrounding the world's second-largest economy. It cut its outlook from "stable" to "negative," but maintained its overall rating at "A+." The move comes after Moody's Investor Services, another major credit-rating agency, also downgraded its outlook for China to "negative" in December. As a result Fitch expects economic growth to fall to 4.5% for 2024. The ratings agency said policymakers will probably have no choice but to borrow to address its economic woes.

Persons: —, Fitch, Fitch's Organizations: Service, Business, Moody's Investor Services, Analysts, St Louis Federal Reserve, CSI Locations: China, Beijing

☆ The 'misery index' often predicts who'll win the White House — but it may be broken
▼ + stars: | 2024-04-09 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

But there are signs the gauge may now be broken, with many people still gloomy about the economy. 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 . But Main Street has taken a decidedly gloomier view, with recession worries persisting and big-name companies ramping up layoffs. This story is available exclusively to Business Insider subscribers.

Persons: it's, —, Paul Krugman, Mohamed El, hasn't Organizations: Service, Business

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