fundamental problem of economics, satisfying unlimited wants with limited resources
The economy grew a disappointing 1.6% in Q1. What does it mean for interest rates?
usatoday.com/story/money/2024/04/25/gdp-report-first-quarter/73437532007/
Quick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
Here's the moment a Palestinian boy in Gaza recognised his father's body among those killed in an Israeli air strike on Rafah.
About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds
pbs.org/newshour/economy/about-1-in-4-us-adults-over-50-say-they-expect-to-never-retire-an-aarp-study-finds
French air traffic control strike impacts some Dublin flights : Proposed strike action by French air traffic control workers on Thursday leads to travel ...
bbc.com/news/articles/cxe8x7yy63jo
Stock market today: GDP growth weaker than expected to start the year: The US economy grew at an annualized rate of 1.6% in the first three months of the year ...
markets.businessinsider.com/news/stocks/stock-market-today-q1-gdp-sp500-earnings-meta-microsoft-alphabet-2024-4
This is the world’s 3rd-largest floating #solar plant - and it could grow 5 times bigger.
Read more about the Forum’s work to advance clean energy investment ... Show more #Indonesia www.weforum.org/publications/policy-opportunities-to-advance-clean-energy-investment-in-indonesia/ #energy #climatechange
Increase higher than inflation: Federal cabinet approves pension increase of 4.57 percent
spiegel.de/wirtschaft/rente-bundeskabinett-beschliesst-rentenerhoehung-bezuege-steigen-staerker-als-inflation-a-86189476-6c53-4fad-a05f-441aca7d5d0a
Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
The US secretly sent long-range ATACMS to Ukraine — and Kyiv used them: The transfer of Army Tactical Missile Systems with a nearly 200-mile range ends a ...
politico.com/news/2024/04/24/us-long-range-missiles-ukraine-00154110
Quick Glance: USA Provides Ukraine with Long-Range ATACMS Missiles
- The USA delivered short-range ATACMS missiles with extended range to Ukraine to protect the country.
- The delivery was discreet, part of an aid package to maintain Ukraine's operational security.
- The USA previously provided ATACMS missiles with a range of 165 km last year, now supplying missiles with up to 300 km range.
- Germany rejects providing the Taurus missile while the USA offers extensive aid to Ukraine.
Job fears in the auto industry: electromobility forces job cuts: The automotive industry is one of the largest employers in Germany. But electromobility is ...
faz.net/aktuell/wirtschaft/unternehmen/job-angst-in-der-autoindustrie-elektromobilitaet-erzwingt-stellenabbau-19676214.html
Paid articlePaid
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
smh.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
Underweight and overpriced: Customer warning after New World gets chicken label wrong
nzherald.co.nz/nz/underweight-and-overpriced-customer-warning-after-new-world-gets-chicken-label-wrong/ZP3HM7YQ2FDHFLQ6GX4CAH6D3E/
Beijing Xinzhida Neurotechnology, a Chinese state-backed company, unveiled a brain chip similar to the technology developed by Elon Musk's startup Neuralink ... Show more www.reuters.com/science/chinas-version-neuralink-unveiled-tech-forum-2024-04-25/
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship: Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of ...
bloomberg.com/news/articles/2024-04-25/chanel-ceo-says-price-hikes-driven-by-inflation-craftsmanship
Paid articlePaid
Sainsbury’s Expects Retail Profit to Exceed £1 Billion This Year: J Sainsbury Plc expects a big jump in profit this year as the UK supermarket chain pulls in ...
bloomberg.com/news/articles/2024-04-25/sainsbury-s-expects-retail-profit-to-exceed-1-billion-this-year
🔴 Two Palestinians killed in an overnight strike on a home in Rafah were young children, identified by hospital records as 6-year-old Sham Najjar ... Show more www.aljazeera.com/news/liveblog/2024/4/25/israels-war-on-gaza-live-calls-grow-for-gaza-mass-graves-investigation
"When I'm working from home, I just log in and leave my laptop running." Twelve people talk about how they manage to work as little as possible: www.zeit.de/arbeit/2024-04/zeitvertreib-job-freizeit-arbeitszeit-homeoffice-langeweile
🔴 DEVELOPING: At least three Palestinians have been killed and several injured in an Israeli airstrike that hit a residential home in Rafah city ... Show more www.aljazeera.com/news/liveblog/2024/4/24/israels-war-on-gaza-live-rafah-family-killed-injured-in-israeli-strike
Tigers' Riley Greene slugs two homers in 4-2 win over Rays: Riley Greene powered the Tigers to a 4-2 come-from-behind win over the Tampa Bay Rays at Tropicana ...
detroitnews.com/story/sports/mlb/tigers/2024/04/23/tigers-riley-greene-slugs-two-homers-in-4-2-win-over-rays/73423919007/
The heatwave would have been ‘impossible’ without human-induced climate change, say scientists.
Extreme weather will be a key topic for discussion at the ... Show more #SpecialMeeting24 www.weforum.org/agenda/2024/04/what-to-expect-special-meeting-global-cooperation-growth-energy-development/ #sahel #mali #burkinafaso #heatwave #climatechange #globalwarming
🔴 The offensive in Rafah will happen “very soon”, the widely circulated Israel Hayom newspaper said, citing a decision by the Israeli government ... Show more www.aljazeera.com/news/liveblog/2024/4/24/israels-war-on-gaza-live-rafah-family-killed-injured-in-israeli-strike
Mark Zuckerberg asked for patience during Meta's earnings meeting and the stock market responded. The company saw $170 billion worth of equity wiped out ... Show more trib.al/5UKISh4
Labour promises rail nationalisation within five years of coming to power: Party pledges to bring all passenger rail – but not rolling stock – into public ...
theguardian.com/politics/2024/apr/24/labour-promises-rail-nationalisation-within-five-years-of-coming-to-power
New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
Chinese EV startup Nio sets starting price for new version of ET7 sedan: Chinese electric vehicle (EV) startup Nio has set the starting price of the new version ...
reuters.com/business/autos-transportation/chinese-ev-startup-nio-sets-starting-price-new-version-et7-sedan-2024-04-25/
'Three-nil': Nika Hladka smiles after her bar in Kharkiv survived a third Russian strike since Ukraine was invaded in February 2022 ... Show more
These practical energy-efficiency measures could reduce energy consumption by 30% with no loss of economic output.
Learn more from the latest whitepaper from ... Show more PwC www.weforum.org/publications/transforming-energy-demand/ #energy #efficiency #growth #climatechange
NATO target for defence spending should rise due to 'more dangerous world', Grant Shapps says
news.sky.com/story/nato-target-for-defence-spending-should-rise-due-to-more-dangerous-world-grant-shapps-says-13121877
#BREAKING : In some good news for the hip pocket, the latest numbers show inflation has fallen by 0.5 per cent in the first three months of this year ... Show more #9News www.9news.com.au/finance/inflation-australia-quarterly-consumer-price-index-march-2024/f1297fa0-0b49-4af4-9913-1b03a647786f
US economy grew slower than expected at the start of 2024: Gross domestic product, the broadest measure of goods and services produced across the economy ...
foxbusiness.com/economy/us-gdp-economy-first-quarter-2024
Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16
taiwannews.com.tw/en/news/5673279
Sonia Sotomayor Shreds Claim President Can Kill Political Rivals With Immunity: “Immunity says, even if you did it for personal gain, we won’t hold you ...
thedailybeast.com/sonia-sotomayor-shreds-claim-president-can-kill-political-rivals-with-immunity
Paid articlePaid
It's true 😂
AI Is Transforming Drug Matching for Cancer, Rare Diseases — Here's How: Pharmaceutical startup Transcripta Bio uses AI to match existing medications to new ...
entrepreneur.com/business-news/ai-is-transforming-drug-matching-for-cancer-rare-diseases/473196
Nvidia-backed artificial intelligence firm Synthesia on Thursday unveiled a new wave of AI-generated digital avatars that can convey human emotions using a ... Show more www.cnbc.com/2024/04/25/nvidia-backed-synthesia-unveils-ai-avatars-that-can-be-generated-from-text.html
Fast-food businesses hiking prices because of higher minimum wage sound like Gordon Gekko
usatoday.com/story/opinion/voices/2024/04/24/california-minimum-wage-restaurants-fast-food-raise-prices/73332922007/
Argentina's Milei revs up chainsaw and blender in fiscal deficit attack: Argentina's libertarian President Javier Milei is revving up his attack on the country's ...
reuters.com/markets/argentinas-milei-revs-up-chainsaw-blender-fiscal-deficit-attack-2024-04-23/
Nearly half of Jamaicans are of the view that things are going in the wrong direction, citing unemployment among youth as a major indicator ... Show more jamaica-gleaner.com/article/lead-stories/20240424/wrong-way #GLNRToday
What to read about India’s economy: Can it emulate China’s past manufacturing success—and should it even try?
economist.com/the-economist-reads/2024/04/22/what-to-read-about-indias-economy
NDR Schleswig-Holstein : In the future, the Suedlink cable should, among other things, provide relief in 2028. 👇
Fury over smashed avocado swindle: A customer has vented their fury on social media after paying almost $15 for a popular breakfast item that promised smashed ...
news.com.au/lifestyle/food/customer-vents-on-social-media-over-alleged-smashed-avocado-ripoff/news-story/f055f9c001413058191ff4fb0096d03b
U.S. economy grew at 1.6% annualized rate in first quarter: By comparison, GDP increased at 3.4% annual rate in the fourth quarter of 2023.
axios.com/2024/04/25/us-economy-gdp-report-q1-2024
Spotify CEO Daniel Ek surprised by how much laying off 1,500 employees negatively affected the streaming giant’s operations
fortune.com/europe/2024/04/23/spotify-earnings-q1-ceo-daniel-eklaying-off-1500-spotify-employees-negatively-affected-streaming-giants-operations/
Paid articlePaid Why so many Chinese graduates cannot find work: Our number-crunching suggests that their plight could be much worse than previously thought
economist.com/china/2024/04/18/why-so-many-chinese-graduates-cannot-find-work
Paid articlePaid Tech CEO on the merits of virtual work: ‘To think we should work in the exact same way as our industrial forefathers just seems odd to me’
fortune.com/2024/04/23/thumbtack-ceo-marco-zappacosta-remote-flexible-work-benefits/
Paid articlePaid
McDonald's worker, 15, left with fractured skull after brutal attack: A teenage girl working at a McDonald's in St Louis County was stomped to the ground by ...
metro.co.uk/2024/04/23/mcdonalds-worker-15-left-fractured-skull-brutal-attack-20704628/
Sunak announces increase in defence spending to 2.5% of GDP by 2030: The prime minister said the world is "the most dangerous it's been since the end ...
bbc.com/news/av/uk-politics-68884595
Quick Glance: Increase in UK defence spending by 2030
- Prime Minister Rishi Sunak commits to raising spending to 2.5% of GDP, putting the defence industry on a 'war footing'.
- Sunak emphasized the need for deeper stockpiles of munitions and quicker replenishment due to the events in the Ukraine conflict.
- The planned increase in defence spending would require significant financial reshuffling, partly through announced measures to reduce the size of the civil service.
- Shortly after announcing the pledge to send weapons worth 500 million pounds to Ukraine, this commitment followed.
Eurozone economy grows surprisingly strongly: The Purchasing Managers' Index rose by 1.1 points to 51.4, the highest level in eleven months ...
diepresse.com/18396920/wirtschaft-der-eurozone-waechst-ueberraschend-stark
West is best? How we stack up against Australia: Running a quick stock take on the NZ and Aussie economies, Australia comes out on top.
newsroom.co.nz/2024/04/23/west-is-best-how-we-stack-up-against-australia/
This new GPU will power the next era of #computing .
Learn more from the Forum’s Centre for the Fourth Industrial Revolution: www.weforum.org/agenda/2024/03/physical-tech-wrapper-22-march/ NVIDIA
Israel-Gaza: Baby saved from dead mother's womb after Israeli strike: Palestinian girl Sabreen is alive following her incredible birth in the wake of an Israeli ...
bbc.com/news/world-middle-east-68874070
Ukraine: TV tower collapses after missile strike in Kharkiv: The local military says that digital TV has been cut off in the surrounding area.
bbc.com/news/av/world-europe-68877813
A Palestinian baby in Gaza is born an orphan in an urgent cesarean section after an Israeli strike
apnews.com/article/gaza-israel-palestinians-baby-orphan-video-19d46c47465a8bc8bb4c56f5247beccc
Some young people see Trump as an answer to their economic woes: Concerns about Biden's age and his support of Israel in its war against Hamas in Gaza have ...
reut.rs/4a3QOSt
Doctors have saved the life of an unborn baby whose mother was killed in an Israeli air strike along with the rest of her immediate family. The baby ... Show more
UK to increase defence spending to 2.5% of GDP - meaning tens of billions of pounds of extra funding
news.sky.com/story/uk-to-increase-defence-spending-to-2-5-of-gdp-meaning-tens-of-billions-of-pounds-of-extra-funding-13121450
New satellite images seem to confirm apparent Israeli strike on Isfahan hit radar, negating repeated Iranian denials
timesofisrael.com/liveblog_entry/new-satellite-images-seem-to-confirm-apparent-israeli-strike-on-isfahan-hit-radar-negating-repeated-iranian-denials/
Rania Amine, a psychology major at McGill University, talks about participating in a hunger strike to get the university to divest from Israeli-linked ... Show more
Google Fires Another 20 Employees in Retaliation for Project Nimbus Protest: Google has fired another 20 employees in retaliation for last week’s protest against ...
democracynow.org/2024/4/23/headlines/google_fires_another_20_employees_in_retaliation_for_project_nimbus_protest
Why should people put up with slow and unhelpful customer service from companies they rely on?
🛑 Enough is enough, it’s time for customers to come first again ... Show more #CustomerServiceCounts www.which.co.uk/campaigns/customer-service-counts
Singapore core inflation eases more than expected to 3.1% in March: Both core and overall inflation dipped from the previous month and came in well below analyst ...
straitstimes.com/business/singapore-core-inflation-eases-more-than-expected-to-31-in-march
BOJ to project inflation will stay around target, signal chance for rate hike: The Bank of Japan is expected to project inflation will stay around its 2% target ...
reuters.com/markets/asia/boj-project-inflation-will-stay-around-target-signal-chance-rate-hike-2024-04-22/
War, fear of war spur global military spending to new record: SIPRI report: New high of $2.4 trillion is ninth straight annual increase, suggesting trend will ...
aljazeera.com/news/2024/4/22/war-fear-of-war-spur-global-military-spending-to-new-record-sipri-report
Quick Glance: Global Military Spending Hits Historic High in 2023
- Global military spending hit a record high of $2.443 billion in 2023 after a 7% increase, as per a report.
- Military expenditure rose consistently over nine years in all regions due to worsening peace and security globally.
- Countries like Ukraine, Russia, Poland, Germany, and the UK saw significant spikes in their military spending.
- Israel notably increased its military spending significantly due to the conflict in the Middle East, particularly a major offensive in Gaza in 2023.
A Russian strike on Kharkiv's TV tower is part of an intimidation campaign, Ukraine's Zelenskyy says
abcnews.go.com/International/wireStory/russian-strike-kharkivs-tv-tower-part-intimidation-campaign-109524577
Quick Glance: Russian Attack Causes Destruction of TV Tower in Kharkiv
- A television tower in Kharkiv was ripped in two by a Russian missile strike on Monday, described by President Volodymyr Zelenskyy as a deliberate attempt by Moscow to make the second largest city in Ukraine uninhabitable.
- Impressive footage showed the main mast of the tower breaking off and collapsing in the city, which has been under missile and drone attacks for weeks.
- Zelenskyy briefed US President Joe Biden about the airstrike that occurred shortly before their conversation.
- The Service for State Special Communications reported partial damage to the tower's structure, resulting in a temporary loss of television signal. Efforts are underway to restore it, with residents advised to use cable, online TV, or radio if they lack a digital TV signal.
Layoffs could spike as recession is already here, forecaster says: Headline job growth has been strong recently, but commentators have pointed to mixed signals ...
businessinsider.com/recession-outlook-layoffs-job-market-economy-unemployment-rate-hard-landing-2024-4
Why so many Chinese graduates cannot find work: Our number-crunching suggests that their plight could be much worse than previously thought
economist.com/china/2024/04/18/why-so-many-chinese-graduates-cannot-find-work
Paid articlePaid What are ‘pocket forests’? And how can they help bring biodiversity back to cities around the world?
SUGi founder Elise Van Middelem shares more on #MeetTheLeader ... Show more www.weforum.org/podcasts/meet-the-leader/episodes/elise-van-middelem-pocket-forests-sugi/ #EarthDay
Many start-ups have attempted, and continue to try to overcome the barriers facing investments in nature.
Do you have an innovative solution focused on ... Show more uplink.weforum.org/uplink/s/login/SelfRegister #EarthDay 1t.org
🔴 🇺🇦 🇷🇺 The #TV tower in the #Ukrainian city of #Kharkiv was hit by #Russian missiles and broken in half Monday, dirsupting #broadcasting signal to #Ukraine 's second-largest city ... Show more
Israel planned bigger attack on Iran, scaled back after pressure: NYT: Israel planned a stronger counterattack against Iran, but chose a more limited strike ...
businessinsider.com/israel-planned-bigger-attack-iran-scaled-back-under-us-pressure-2024-4
Elon Musk distracts from Tesla's current weakness with announcements and visions: The International Energy Agency (IEA) is optimistic about the future of ...
nzz.ch/wirtschaft/mit-ankuendigungen-und-visionen-lenkt-elon-musk-von-der-tesla-schwaeche-ab-ld.1827705
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
- Tesla lowers prices in Germany to increase inventory and sales.
- Elon Musk addresses price complaints and emphasizes the need for flexible pricing.
- Buyers of Tesla vehicles during expensive phases may face depreciation.
- Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics