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Meanwhile, 28% of holiday shoppers still have not paid off the gifts they purchased for their loved ones last year, according to another holiday spending report by NerdWallet . Major retailers tend to heavily discount some of their products as the holiday season unfolds. Heading into the peak holiday shopping season, there are a few steps you can take to help maximize your cash. "Slow shopping encourages consumers to think through each potential purchase rather than jumping on impulse," Woroch said. "This allows you to be mindful about what you're buying, why you're buying and who you're buying for while also giving you time to save up, compare prices and look for coupons," Woroch added.

Persons: they'll, Adam Davis, Davis, Sara Rathner, Sofia Baig, Gen, Andrea Woroch, Woroch Organizations: NerdWallet, National Retail Federation, U.S, Wells, Wells Fargo Retail Finance, Morning Locations: Wells Fargo, Novi , Michigan

☆ DBS: Japan's mid-term growth outlook looks good, political turmoil is not a sell signal
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDBS: Japan's mid-term growth outlook looks good, political turmoil is not a sell signalDBS Group’s Taimur Baig says that political uncertainty poses yen risks but strong growth makes Japan Inc. a solid market bet.

Persons: Taimur Baig Organizations: DBS, Japan Inc

☆ 'Inflation is like a regressive tax,' economist says — only one group can 'easily afford' holiday spending this year
▼ + stars: | 2024-10-30 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

About half, or 52%, of shoppers with incomes of $100,000 or more believe they can "easily afford" holiday expenses in 2024, according to Morning Consult, a survey research firm. To that point, 33% of those who earn $50,000 to $99,900 said they can afford holiday spending. Meanwhile, 18% of respondents who earn below $50,000 annually can sustain the costs, the report found. "Inflation is like a regressive tax," said Sofia Baig, economist at Morning Consult. "It hurts lower income people more than higher income people because it takes out a larger chunk of their wallet."

Persons: Roth, Sofia Baig Organizations: Finance, Morning Locations: U.S

With revenge travel over and pandemic savings depleted, travelers say they're planning fewer trips this summer, or skipping their vacations altogether. "After two straight years of strong gains, the number of Americans planning to take leisure trips is taking a dip," states a summer travel report from Deloitte Insights. 'Too expensive' to travel nowAmericans are planning 2.3 trips this summer, down from 3.1 trips from the summer of 2023, according to Deloitte's survey of more than 4,000 people. watch nowThe number of people who said they're avoiding summer travel altogether increased from 37% to 42%, the report showed. Those generations are spending less on airfare and hotel accommodations too, said Baig, suggesting a cutback in travel spending may be a normalization of the market following the end of revenge travel.

Persons: they're, Sofia Baig, Gen Zs, Baig, Zs Organizations: Deloitte, Marriott, Wyndham, Morning Locations: Hyatt, Airbnb

☆ From Zyn to vapes: Big Tobacco pushes further toward cigarette alternatives. Here’s who could come out on top
▼ + stars: | 2024-07-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +12 min

If you haven't been paying attention to tobacco companies, you might not recognize the new landscape. The alternatives also include heated tobacco and nicotine vapor products, although with the latter, tobacco companies face big competition from vaping companies and the proliferation of illicit vapes. PM 1Y mountain Philip Morris' one-year performance Countries around the globe have been working for years to reduce tobacco use. There is no way back," Philip Morris Chief Financial Officer Emmanuel Babeau said at a Deutsche Bank conference in June. Most of that came from companies in China, with tobacco companies only taking about 15% share, the bank said.

Persons: Philip Morris, —, Brett Cooper, I'm, Philip, Emmanuel Babeau, Owen Bennett, Cooper, Altria, vapes —, Faham Baig, Dan Ahrens, Ahrens, Edge's Cooper, Jefferies, Bennett, Murray Garnick Organizations: Philip Morris International, Reynolds American, British, Tobacco, Big Tobacco, World Health, Philip Morris, Deutsche Bank, Jefferies, Philip Morris USA, Centers for Disease Control, Drug Administration, U.S, Supreme, FDA, UBS, WHO, Brands, BAT Locations: Colorado, China, rey, Japan, Iquos, U.S, Kentucky, Marlboro, U.S ., London, RRPs

☆ Opinion: Trump videos send wildly different messages
▼ + stars: | 2024-03-31 | by ( Richard Galant | ) edition.cnn.com time to read: +19 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In a video promoting the Bible, Trump said, “Religion and Christianity are the biggest things missing from this country. … we need to bring them back.”On Good Friday, Trump posted a very different kind of video. It showed an image of President Joe Biden lying sideways and tied up in the bed of a pickup truck. “Robert F. Kennedy Jr.’s independent presidential campaign can’t win, but it could swing the presidency to former President Donald Trump,” Begala wrote.

Persons: Matthew Arnold, Homer, King James, Donald Trump, ”, Lee Greenwood’s, AJ Willingham, Trump, Joe Biden, Drew Sheneman, MAGA, Biden, Fareed Zakaria, ” Zakaria, Candida Moss, he’ll, he’s, Barack Obama, Bill Clinton, Julian Zelizer, ” “, …, ” Clay, “, Obama, “ Obama, CNN Trump, —, Attorney Alvin Bragg, “ Trump, Stormy Daniels, ” Norman Eisen, Andrew Warren, James Antle III, stoked, Letitia James, Dali, Francis Scott Key, Tasos Katopodis, Richard Timme, ” Timme, Salvatore R, Mercogliano, ’, Jalal Baig, Catherine, Princess of Wales, Baig, Paul Hockenos, “ It’s, Robert F, Kennedy Jr, Nicole Shanahan, Eric Risberg, Paul Begala, Ross Perot, George H, Bush, “ Robert F, can’t, ” Begala, ” Shanahan “, Sergey Brin, Hillary Clinton, Pete Buttigieg, Ro Khanna, Lee Drutman, Mark Osler, Jill Filipovic, Lisa Murkowski, Obeidallah, Johnson Ronna, Ronna McDaniel, Justin Sullivan, McDaniel, ” McDaniel, David Zurawik, Jack Ohman, Walt Handelsman, Tim Hubbard, Dennis Muilenburg —, Max, David Calhoun, ‘, ” Hubbard, Annelle, ” Sheline, ” Don’t, Frida Ghitis, Putin, Howard Fischer, Keith O’Brien, Pete Rose, Nick Anderson, Agency Sara Stewart, Mary Ziegler, Patrick T, Brown, shouldn’t, Emma Firth, Carter ’ Parkwood, Roxanne Jones, Cowboy Carter, Beyoncé, ” Jones Organizations: CNN, Oxford University, New, Trump, Nasdaq, NYPD, Hollywood, Biden, Cupp, Obama, Manhattan, Attorney, Democratic, US Coast Guard, Baltimore, Federal Highway Administration, RFK Jr, RFK, Google, The New York Times, Republican National Committee, NBC News, “, Press, NBC, MSNBC, Content Agency Boeing, Notre Dame, Boeing, US State Department, Israel, Tribune, Agency, Sony, AP Locations: Independence, New York City, America, New, Manhattan, Queens, New York, Baltimore, Coast, Suez, Port, China, Argentina, Red, Gaza, Wales, Northern California, California, Israel, Columbia

☆ Oncologist: Kate’s diagnosis is part of a troubling trend
▼ + stars: | 2024-03-27 | by ( Jalal Baig | ) edition.cnn.com time to read: +7 min

As a medical oncologist, I am heartbroken — but hardly surprised. In fact, it is part of a rising global trend in which newly diagnosed cancer patients are getting younger. The global incidence of early-onset cancer increased by 79.1% and early-onset cancer deaths rose by 27.7% from 1990 to 2019, a 2023 study in the journal BMJ Oncology found. And because early-onset cancers are often diagnosed at advanced stages, they were once thought to be biologically different and more pernicious than their older counterparts. Younger patients may be pregnant at the start of therapy or worry about the effects on fertility.

Persons: Jalal Baig, Catherine , Princess of Wales, Kimmie Ng, “, haven’t, oncologist Jalal Baig, Suneel Kamath, ” Kamath Organizations: Washington Post, NBC News, Foreign, CNN, BMJ Oncology, American Medical Association, Dana, Farber Cancer Institute, Boston Globe, Cleveland Clinic Taussig Cancer Institute, for Young, Cleveland Clinic, US Preventive Services Task Force Locations: Chicago, Washington, United States, Wales

☆ Is artificial intelligence deflationary? DBS Group's chief economist weighs in
▼ + stars: | 2024-02-23 | 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 EmailIs artificial intelligence deflationary? DBS Group's chief economist weighs inTaimur Baig from DBS Group on how the development of artificial intelligence would impact productivity growth, labor market and how policymakers should measures inflation.

Organizations: DBS Group's, DBS Group Locations: Taimur Baig

☆ Gulmarg: Snow has returned to Asia’s highest ski resort. Here’s what visitors going there now can expect
▼ + stars: | 2024-02-20 | by ( Ramaa Reddy | ) edition.cnn.com time to read: +8 min

CNN —In early January, anyone who visited the ski resort village of Gulmarg in Indian-administered Kashmir with hopes of actually skiing was out of luck. A severe snow shortage, blamed on dry weather, threatened to derail the entire winter season, leaving both travelers and tourism operators disappointed. Regardless of whether you’re a full-time athlete or someone who enjoys skiing and snowboarding for fun, Gulmarg offers a winter experience like no other. Today, travelers headed for Asia’s highest ski resort can enjoy over 1,330 vertical meters (4,363 feet) of skiable terrain, with lifts offering access to four separate skiing zones on Mount Apharwat. Many of those visitors don’t ski but just ride up the gondola to play in the snow and take in the views at the top.

Persons: Mukhtar Ahmad, Nanga Parbat, ”, Brian Newman, Newman, “, ” Mehmood Ahmad Lone, –, nans, Kababs, Rogan Josh, Kati, It’s, Mount Apharwat, Colonel Mirza Zahid Baig, Gulmarg, Javedh Ahmad Reshi Organizations: CNN, El, El Nino, Adventure, Hindustan Times, Newman’s, US Department of State, Warfare, USA Locations: Gulmarg, Kashmir, India, Mount Apharwat, British, Apharwat, Nanga, Colorado, Europe, North America, Pakistan, Khyber, Highland, Hilltop, Kashmir’s, Srinagar, Mount

☆ Death toll from Pakistan blast rises to 59 as minister blames India
▼ + stars: | 2023-09-30 | by ( Saleem Ahmed | ) www.reuters.com time to read: +2 min

Rescue workers clear the rubble from a damaged mosque, after a suicide blast in Hangu, Pakistan September 29, 2023. Pakistani officials have long claimed that India sponsors violent groups in Pakistan - claims India has always denied. "Civil, military and all other institutions will jointly strike against the elements involved in the Mastung suicide bombing," interior minister Sarfaraz Bugti told media in Balochistan's capital, Quetta. "RAW is involved in the suicide attack," he added, referring to India's Research & Analysis Wing (RAW) intelligence agency. The Pakistani Taliban (TTP), responsible for some of the bloodiest attacks in Pakistan since the group's formation in 2007, denied responsibility for Friday's blasts.

Persons: Stringer, Prophet Mohammad, Sarfaraz Bugti, Wasim Baig, Saleem Ahmed, Saud Mehsud, Charlotte Greenfield, Giles Elgood Organizations: REUTERS, Rights, Research, Analysis, Police, Pakistani, Thomson Locations: Hangu, Pakistan, Mastung, Balochistan, India, Quetta, Khyber Pakhtunkhwa, Pakistan's

☆ Death Toll From Pakistan Blast Rises to 59 as Minister Blames India
▼ + stars: | 2023-09-30 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Saleem AhmedQUETTA (Reuters) - The death toll from a large blast at a mosque in Pakistan rose to 59 on Saturday as the government vowed to find the perpetrators and accused India's intelligence agency of being involved. Pakistani officials have long claimed that India sponsors violent groups in Pakistan - claims India has always denied. "Civil, military and all other institutions will jointly strike against the elements involved in the Mastung suicide bombing," interior minister Sarfaraz Bugti told media in Balochistan's capital, Quetta. "RAW is involved in the suicide attack," he added, referring to India's Research & Analysis Wing (RAW) intelligence agency. The Pakistani Taliban (TTP), responsible for some of the bloodiest attacks in Pakistan since the group's formation in 2007, denied responsibility for Friday's blasts.

Persons: Saleem Ahmed QUETTA, Prophet Mohammad, Sarfaraz Bugti, Wasim Baig, Saleem Ahmed, Saud Mehsud, Charlotte Greenfield, Giles Elgood Organizations: Research, Analysis, Police, Pakistani Locations: Pakistan, Mastung, Balochistan, India, Quetta, Khyber Pakhtunkhwa, Pakistan's

Bottles of prescription painkiller OxyContin made by Purdue Pharma LP sit on a shelf at a local pharmacy in Provo, Utah, U.S., April 25, 2017. The settlements, which require a judge's approval, were disclosed in papers filed on Tuesday in federal court in San Francisco. The money is on top of $641.5 million that McKinsey already paid to resolve claims by state attorneys-general. McKinsey will pay $207 million to resolve claims by counties and municipalities, and another $23 million to resolve claims by public school districts. Aelish Baig, a lawyer for the local governments, in a statement called the deal "a strong outcome for the communities harmed by this crisis".

Persons: painkiller OxyContin, George Frey, Aelish Baig, McKinsey, Joe Biden's, Purdue Pharma's, Nate Raymond, Miral Organizations: Purdue Pharma, REUTERS, Companies Mckinsey, Company, Consulting, McKinsey, Co, U.S . Centers for Disease Control, U.S, Supreme, Purdue, Thomson Locations: Provo , Utah, U.S, San Francisco, United States, Boston

☆ China's factory activity likely extended declines in August - Reuters poll
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

An employee works on the production line of Nio electric vehicles at a JAC-NIO manufacturing plant in Hefei, Anhui province, China August 28, 2022. China Daily via REUTERS/File Photo Acquire Licensing RightsBEIJING, Aug 29 (Reuters) - China's factory activity likely contracted for a fifth straight month in August, a Reuters poll showed on Tuesday, as weak demand threatens recovery prospects in the world's second-largest economy and pressures officials to prop up growth. An index reading above 50 indicates expansion in activity on a monthly basis while below that signals contraction. "ASEAN, China's top trading partner, has also decreased to a nearly two-year low of 50.8." The official manufacturing PMI, which largely focuses on big and state-owned firms, and its survey for the services sector, will be released on Thursday.

Persons: Taimur Baig, Joe Cash, Anant Chandak, Susobhan Sarkar, Sam Holmes Organizations: REUTERS, Rights, Manufacturing, DBS, ASEAN, PMI, Thomson Locations: Hefei, Anhui province, China, Rights BEIJING, Bengaluru

☆ The strong U.S. jobs market could become a concern for the Fed, economist says
▼ + stars: | 2023-07-31 | 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 EmailThe strong U.S. jobs market could become a concern for the Fed, economist saysSofia Baig, economist at Morning Consult, discusses the U.S. economy, cooling inflation and consumer spending.

Persons: Sofia Baig Organizations: Fed, Morning

☆ There's a 'very strong' case for the U.S. Fed to hold the nominal rate, says DBS economist
▼ + stars: | 2023-07-26 | 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 EmailThere's a 'very strong' case for the U.S. Fed to hold the nominal rate, says DBS economistTaimur Baig, chief economist and managing director at DBS Group Research, says when disinflation happens, "real rates will keep going up even if the Fed holds the nominal interest rate."

Persons: Taimur Baig, disinflation Organizations: U.S, Fed, DBS Group Research

☆ Exclusive: Most patients using weight-loss drugs like Wegovy stop within a year, data show
▼ + stars: | 2023-07-11 | by ( Chad Terhune | ) www.reuters.com time to read: +4 min

The annual cost of overall care for patients prior to taking Wegovy or a similar drug was $12,371, on average, according to the analysis. The costs for a similar control group of patients not taking the drugs decreased by 4% over the same period. The analysis by Prime Therapeutics, a pharmacy benefits manager (PBM), reviewed pharmacy and medical claims data for 4,255 people with commercial health plans. For the analysis, Prime Therapeutics excluded patients with type 2 diabetes to focus on obesity treatment. In trials with adults, Novo found that 6.8% of patients taking Wegovy discontinued treatment due to gastrointestinal problems and other adverse events.

Persons: Wegovy, Khrysta Baig, Patrick Gleason, Novo, aren't, Gleason, David Lassen, Lassen, Chad Terhune, Michele Gershberg, Bill Berkrot Organizations: Reuters, Vanderbilt University, Novo Nordisk, Prime Therapeutics, Therapeutics, U.S, Blue, Thomson Locations: Danish

☆ The Fed’s favorite inflation gauge just heated up — and that could mean another rate hike
▼ + stars: | 2023-05-26 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

The closely watched core PCE index — where volatile components of food and energy are excluded — unexpectedly ticked up: The Fed’s go-to gauge was up 4.7% for the year. In March, the core PCE gauge grew by 4.6%. Economists had forecast that core PCE would hold steady at 4.6%, according to Refinitiv. Consumer spending jumped 0.8% in April from March, double what economists had expected. Excluding the effects of inflation, real consumer spending increased 0.5%, reflecting a boost seen from new car purchases, according to the report.

☆ Consumers are ‘retrenching.’ What that means for recession fears
▼ + stars: | 2023-05-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

But for consumers, the lengthy spell in the crossfire of persistently high prices and rising interest rates has taken its toll. Inflation-adjusted consumer spending was flat in March, marking the fourth time in five months that expenditures held steady or declined. “Further deterioration in the job market — the last remaining leg propping up the consumer — is bound to accelerate the downshift in consumer spending in the coming months. Private label growth is one of six indicators that Allison tracks to determine a consumer recession. “If you ask the economists, ‘Are we in a recession?’ they’re going to say ‘No, we’re not in a recession,’” he said.

☆ We'll see 'biggest payback' from China's reopening in Q2: DBS
▼ + stars: | 2023-04-19 | 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 EmailWe'll see the 'biggest payback' from China's reopening in the second quarter: DBS Group ResearchTaimur Baig of Singapore's largest lender says "a big chunk of the world is going to slow this year, but a very big chunk of the world is going to have a pretty decent outturn."

☆ Four killed in blast targeting police vehicle in Pakistan's Quetta
▼ + stars: | 2023-04-10 | by ( Gul Yousafzai | ) www.reuters.com time to read: +2 min

QUETTA, Pakistan, April 10 (Reuters) - Four people were killed and fifteen injured in a bombing targeting a police vehicle in a marketplace in the southwestern Pakistani city of Quetta on Monday, a hospital official said. "The injured numbers reached fifteen, and four dead,” Wasim Baig, a spokesperson for the Quetta hospital, told Reuters. He said initial reports showed an improvised explosive device was planted in a motorcycle parked behind the vehicle. Two police officers who were sitting in the vehicle were among the dead, SSP operations Zohaib Mohsin Baloch said. Reporting by Gul Yousafzai in Quetta, Gibran Peshimam; Writing by Sakshi Dayal and Gibran Peshimam; Editing by Toby Chopra and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ A Silicon Valley Bank staffer says he's feeling 'anxious, sad, and confused' after its collapse
▼ + stars: | 2023-03-12 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

Silicon Valley Bank's sudden implosion came as a surprise for both investors and employees. Hussin Baig says he's "thankful" but also "confused" because he "grew up" at Silicon Valley Bank. That's the day Silicon Valley Bank was taken over by federal regulators at the FDIC. The FDIC has offered Silicon Valley Bank staffers 45 days of employment at 1.5 times their salary, according to an email seen by Reuters. Silicon Valley Bank, Baig, Allred, Elliot, and Klets did not immediately respond to requests for comment from Insider.

☆ Economists warn of costs if Medicare covers new obesity drugs
▼ + stars: | 2023-03-11 | by ( Nancy Lapid | ) www.reuters.com time to read: +3 min

March 11 (Reuters) - The cost of expanding U.S. Medicare prescription drug coverage to pay for expensive, new obesity medications could be catastrophic, health economists warned in a report published on Saturday. Big-selling diabetes drugs have been repurposed as obesity treatments after demonstrating weight loss of more than 20% in clinical trials. While they are far more effective than older drugs, lifetime use might be required to keep lost weight off. But should the bipartisan The Treat and Reduce Obesity Act get reintroduced and passed by Congress, Medicare will be compelled to cover drugs for weight loss. The Medicare health program covers more than 60 million Americans, most over age 65.

In TV, the top 10 list ranges from the indefinable second season of “The White Lotus” to laugh-out-loud comedies and smoldering fantasy shows. “Catch the Fair One” is available on Hulu and various video-on-demand platforms. “Paris, 13th District” is available on Amazon Prime Video and various video-on-demand platforms. “Peter Von Kant” is available on various video-on-demand platforms. “Tár” is available on various video-on-demand platforms.

☆ 'Sort Of' is about a nonbinary millennial. Its star hopes to change how we see each other
▼ + stars: | 2022-12-11 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +9 min

Sabi, who is nonbinary, not only navigates love and dating in Toronto but also hopes to be understood by their Pakistani immigrant family. Baig spoke to CNN about what it means to feel seen and how “Sort Of” might help some viewers achieve that feeling. Wanting to feel seen is another thread that runs through the show. When we feel seen, when we feel understood, we feel a lot less lonely in the world. We work with writers and directors who are trans, nonbinary, South Asian, people of color.

“Spoiler Alert” opened in U.S. theaters Dec. 2. “Women Talking” opened in select U.S. theaters Dec. 2. “The Whale” opens in U.S. theaters Dec. 9. “Babylon” opens in U.S. theaters Dec. 23. “I Wanna Dance With Somebody” opens in U.S. theaters Dec. 23.

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