Top analysts say buy stocks like Airbnb and Pinterest
The Airbnb logo is seen on a small mini pyramid under the glass pyramid of the Louvre museum in Paris, France, March 12, 2019. Carlos Plates | Reuters Economic data and earnings reports have been dictating the pace of the market as investors look for clues about what the Federal Reserve may do next. July’s payrolls report was stronger than expected, rising by 528,000, suggesting the labor market still has plenty of steam. In turn, traders speculated that the Fed will likely maintain its tough stance on interest rates, anticipating more odds for a 0.75 percentage point hike in September….
Read More »EU News: ‘Collapse of the Eurozone!’ Alert when the “biggest financial crisis in its history” is approaching | World | news
Last week, the European Union faced a new crisis when it was revealed that inflation in the euro zone had soared to a record high, further increasing pressure on the ECB as the rise in prices showed no signs of slowing down. Eurozone inflation rose to 8.9% in July, up from 8.6% in June and 8.1% in May. The ECB has forecast the rate to average 6.8% in 2022 before falling to 3.5% in 2023 and 2.1% in 2024. But the intense price pressure is sending massive shockwaves across Europe, with energy costs currently the main driver of inflation, up…
Read More »Senate passes broad package on climate, health care and taxes, putting Democrats on the cusp of historic victory
US Senate Majority Leader Chuck Schumer (D-NY) holds a press conference to promote the $430 billion drug price, energy and tax bill championed by Democrats in the US Capitol United in Washington, on August 5, 2022. Jonathan Ernst | Reuters WASHINGTON – Senate Democrats approved a sweeping economic and climate package on Sunday, putting President Joe Biden and his party on the cusp of a major legislative victory just three months before crucial midterm elections in November. After a marathon overnight Senate session, the 51-50 vote was strictly along party lines, with all Republicans voting no and all Democrats voting…
Read More »Lithium is key to an electric future, boosting Albemarle’s bottom line
The most ambitious climate bill in U.S. history cleared a key hurdle on Saturday, but a lithium executive said the biggest catalyst for the critical materials industry would be an overhaul of the country’s permitting practices. The bill, which the Senate voted to advance Saturday evening, includes $369 billion for climate initiatives. For critical materials, it includes incentives for domestic production and links electric vehicle credits to domestic manufacturing. It also appropriates additional funds for the Defense Production Act. “Incentives for the EV supply chain are positive from a market standpoint, but the market is pretty strong,” Albemarle CEO Kent…
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Detached, indifferent, deceived? Why young workers have an image problem
Not too long ago, Mark Zuckerberg logged into a question and answer session with his staff that I really wish I had seen. Specifically, I wish I could have witnessed the Facebook founder’s face when a Chicago employee named Gary asked if the extra days off that were brought in during the pandemic would continue into 2023. Zuckerberg seemed “visibly frustrated” by the question, according to one account of the meeting on news site The Verge. He had just explained that the economy was probably going down. TikTok was a competitive threat and had had to freeze hiring for some…
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Chinese planes simulate an attack on the main island of Taiwan
China’s military on Sunday culminated its largest-ever military exercise around Taiwan with bombing and missile attacks on the main island, as Beijing said it had achieved its goal of intimidating “Taiwan independence forces”. and deter American intervention. The People’s Liberation Army said on Sunday night that several groups of aircraft had been training for an “island attack campaign”, confirming an earlier statement by Taiwan’s defense ministry that waves of planes had simulated an attack on Taiwan. According to the defense ministry, 66 PLA aircraft operated in the area on Sunday, including 22 on the Taiwan side of the Taiwan Strait….
Read More »Key Senate vote looms in marathon session on Democrats’ economic bill | US domestic politics
Democrats pushed their election-year economic package toward Senate approval early Sunday, debating a measure less ambitious than Joe Biden’s original national vision but touching on deep-rooted party dreams to curb global warming, moderate pharmaceutical costs and tax huge corporations. The debate began Saturday and by sunrise Sunday, Democrats had repressed a dozen Republican efforts to torpedo the legislation, with no clear end in sight. Despite unanimous GOP opposition, the 50-50 Democratic unity in the chamber, bolstered by Vice President Kamala Harris’ tie-breaking vote, suggested the party was on track for a morale-boosting victory three months from elections when control of…
Read More »NAU Hosts Financial Literacy Boot Camp for High School Students | education
Flagstaff’s growing senior base of high schools spent some time building their financial literacy skills last week as part of a boot camp hosted by Northern Arizona University’s WA Franke College of Business . Last Thursday morning, about 25 students gathered for the first day of camp. The warm-up activity began with a series of questions. Do you prefer to save money or invest it? Would you give a loan to a family member? The students discussed the answers again, delving into simulated financial situations. The activity was the first in a series of lessons that students would participate in…
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