Author: prosperplanetpulse.com
by Heather Long Has been updated: 1 1 hour ago release date: 1 1 hour agoFILE – Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board meeting in Washington, June 12, 2024. (AP Photo/Susan Walsh, File) The best recession indicator, known as the “Sum Rule,” says a recession begins when the unemployment rate rises by at least half a percentage point above its lowest level in the past year. Currently, this indicator is sounding a warning in the U.S. While it doesn’t mean a recession is definitely on the way, it is an important…
Sean Gallup/Getty Images/File Ukrainian President Volodymyr Zelenskyy spoke at the launch of a joint G7 declaration in support of Ukraine. Editor’s note: Daniel R. DePetris is a Defense Priorities fellow and a foreign affairs columnist for the Chicago Tribune. His articles have appeared in The New York Times, Politico, The Wall Street Journal, The Guardian, and other publications. Opinions expressed in this editorial are his own. For more information, please visit CNN Opinion. CNN — A year ago, NATO leaders gathered in Vilnius, Lithuania, for their annual summit, a gathering designed to send a message to Russian President Putin about…
WellTheory utilizes the latest technology to help provide care for autoimmune diseases. Well Theory Being from the Bay Area, I rarely get the chance to interview people from my hometown. Most of the interviews I do these days involve people from the other side of the continent, and sometimes even from a different part of the world entirely. That all changed in the past few weeks when I spoke with sisters Claire and Ellen Randolph from the Bay Area. The sisters are co-founders of WellTheory, a healthcare startup focused on “evidence-based nutrition and lifestyle coaching” to provide quality autoimmune disease…
You’re reading our Today’s Opinions newsletter. Sign up to get it delivered to your inbox.It’s NATO Week in Washington, a carnival of hyper-competent policy nerds, and Secretary General Jens Stoltenberg’s opening pitch at Nationals Park is more like a grenade toss than a rallying cry.The summit marks the treaty organization’s 75th anniversary, but its victory is tempered by doubts about the alliance’s durability. David Ignatius They say these concerns could also be written into the NATO Charter.”Europeans have always worried about America’s credibility,” David says, “just as Americans have always resented that Europeans don’t play a large enough role in…
Traders work on the floor of the New York Stock Exchange.New York Stock ExchangeStock futures were little changed in overnight trading Tuesday after the S&P 500 closed at a new record high.Dow Jones Industrial Average futures fell 10 points. S&P 500 futures and Nasdaq 100 futures were little changed.Wall Street ended mixed, with the Nasdaq Composite and S&P 500 hitting new records after Federal Reserve Chairman Jerome Powell warned that keeping interest rates high for too long could hurt economic growth. The S&P 500 rose 0.07% and the Nasdaq added 0.14%. The Dow Jones Industrial Average lost 52.82 points, or…
Policymakers always look back, but this tendency is rooted in the entirely false belief that they are smarter than the market. No, they are not. This is true even when policymakers are free-market oriented. They too often fail to see that the people are the market, and that the people are always much smarter than they are. This is why central planning always and everywhere fails. The former Soviet Union, North Korea, and Cuba had no shortage of experts, and they still do, but one genius can never overtake the market. Social Security reformers will soon be forced to admit…
Jamie Mandeville and Cecilia Rios Murieta, co-founders of JAS Non-Alcoholic Cocktails [Photo: JAS] PepsiCo has announced the eight finalists who will take part in the second year of its Greenhouse Accelerator program. Juntos Cresemos (Together We Grow) edition. And one of those startups is right here in North Texas. PepsiCo said this year’s Greenhouse Accelerator is “focused on elevating high-potential consumer packaged food and beverage brands and products inspired by Hispanic flavors and culture that are better for people and the planet.” One of the eight participating startups is Dallas-based JAS, which creates non-alcoholic cocktails with adaptogens, botanicals and “real…
AGNC Investments (AGNC) recently closed at $9.74, up +0.62% from the previous day. The stock outperformed the S&P 500’s daily gain of 0.07%, while the Dow fell 0.13% and the tech-heavy Nasdaq rose 0.14%.Shares of the real estate investment trust have added 0.21% over the past month, outpacing the Financial sector’s loss of 5.5% and lagging the S&P 500’s gain of 4.34%.The investment community will be closely monitoring the performance of AGNC Investment’s upcoming earnings report. The company is scheduled to release its earnings on July 22, 2024. The company is projected to post EPS of $0.53, which would represent…
It was a quiet day on Wall Street, with the S&P 500 (^GSPC) and the Nasdaq (^IXIC) closing at record highs. The Dow Jones Industrial Average (^DJI) closed 52 points lower.One thing investors were watching was Federal Reserve Chairman Jerome Powell’s semiannual testimony before the Senate Banking Committee. Powell says the Fed needs to see more data showing inflation is slowing before cutting rates. Claudia Sahm, the founder of Sahm Consulting and former Federal Reserve Board Economist, says the Fed is in a difficult balancing act but that the central bank has, so far, brought inflation down without a recession…
Entrepreneurship is needed by everyone, from aspiring inventors to business owners. In a new episode of eCornell’s Cornell Keynotes podcast, Richard Cahoon, a professor in Cornell’s College of Agriculture and Life Sciences, explains how we can combine the creative and analytical parts of our minds — our right and left brains — to give ideas life and longevity. Cahoon is a well-known example of combining analytical and creative thinking to provide unexpected solutions, providing essential office supplies. “Post-it notes were invented by chemists at 3M who were trying to develop a new adhesive, but it failed because it didn’t stick…