Embattled publication minimizes GDP growth, calling it ‘economic slowdown’
U.S. GDP Growth Surprises Experts In recent news, there’s been a notable increase in U.S. GDP, which rose a considerable 3% in the second quarter. This number significantly surpassed expert forecasts, specifically those by Dow Jones, who anticipated a lower figure. It’s quite a turnaround from the slight decline of 0.5% we experienced in the […]
Bitcoin News: Analysts Suggest ‘Buy in May and Go Away’ as Crypto Defies Summer Slowdown
Market Insights on Bitcoin This Summer The old saying “Sell in May and go away” is often echoed by stock market watchers, but this summer might just defy that trend for Bitcoin (BTC). According to Paul Howard, who heads a crypto trading firm, there’s a growing sentiment that this year might lean more toward “buy […]
Amazon and FedEx reach new agreement for package deliveries after UPS slowdown
Amazon has reached a new package distribution agreement with FedEx. According to a report from Business Insider, this deal was finalized in late February and is based on internal documents. The arrangement allows FedEx to handle deliveries for Amazon customers directly at their doorsteps, as noted by the outlet. Amazon spokesperson Steve Kelly mentioned that […]
NYC’s Third Avenue traffic light slowdown blindsides drivers as locals complain of e-bike ‘racetrack’
Upper East Side residents say they are blinded to slowing down the traffic lights that have turned the third avenue into a “racecourse” and “glaciers” for drivers. The Transportation Agency retimed the lights from 25 mph to 15 mph between 60th and 96th Avenue. Local city council members said they were not given notices of […]
US adds 143K jobs in January in hiring slowdown
According to the Labor Bureau, U.S. employers added 143,000 jobs in January, causing unemployment to be slightly soaked. It shows that the labor market is slowing down, but still appears to be on a solid footing. A study by the Wall Street Journal found that the heading numbers didn't reach the 169,000 employers that economists […]
Netflix shares hit all-time high as investors shrug off subscriber slowdown
Netflix shares rose on Friday, buoyed by investor optimism that its strong content lineup will help the streaming giant maintain strong subscriber growth even as the password-sharing crackdown wanes. reached an all-time high. The company, widely seen as the winner of Hollywood's streaming wars, saw its stock rise nearly 10% to $754.90, and if it […]
Aging slowdown could be surprise benefit of existing medication, research shows
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Fed slashes interest rates by half a percentage point in bid to avert slowdown
The Federal Reserve cut its key lending rate by half a percentage point, at the top end of Wall Street expectations, saying a shaky job market poses a bigger risk to the economy than inflation. But Fed Chairman Jerome Powell said economic observers should not assume the half-point cut represents “a new pace of further […]
Dow surges 400 points, strong retail sales data ease fears of slowdown
The Dow Jones Industrial Average surged more than 500 points and the Nasdaq Composite rose 2% after July retail sales data showed strong consumer spending, easing concerns that the world’s largest economy could slip into recession in the near future. The Dow Jones Industrial Average rose 554 points, or 1.4 percent, to 40,563.06. The S&P […]
Bear market coming in 2025 over economic slowdown, AI bubble: David Roche
Investor and strategist David Roche said Monday he expects the economy to enter a bear market in 2025. He said the market would be driven down by disappointing interest rate cuts, a slowing economy and an AI bubble. During an interview with CNBC. Roche predicted the Fed would not cut interest rates to the 3.50% […]