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Thanksgiving week earnings, economic reports, market recap and more: Monday's 5 things to know
foxbusiness.com/markets/thanksgiving-week-earnings-economic-reports-market-recap-more-mondays-5-things-know
Fed's Daly says financial markets are acting like interest rates are much higher than they actually are
marketwatch.com/story/feds-daly-says-financial-markets-are-acting-like-interest-rates-are-much-higher-than-they-actually-are-11669054962
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Thanksgiving week earnings, economic reports, market recap and more: Monday's 5 things to know
foxbusiness.com/markets/thanksgiving-week-earnings-economic-reports-market-recap-more-mondays-5-things-know
Fed's Daly says financial markets are acting like interest rates are much higher than they actually are
marketwatch.com/story/feds-daly-says-financial-markets-are-acting-like-interest-rates-are-much-higher-than-they-actually-are-11669054962
Habeck in Ukraine: Rearmament with German help: Habeck is traveling to Ukraine with a business delegation. Numerous arms companies are on board ...
berliner-zeitung.de/politik-gesellschaft/geopolitik/robert-habeck-in-der-ukraine-aufruestung-mit-deutscher-hilfe-li.2207673
Quick Glance: Robert Habeck: German Solidarity with Ukraine
- Robert Habeck emphasizes German solidarity with Ukraine in the war.
- He brings business representatives to promote deals and investments.
- Germany is providing Ukraine with a third Patriot air defense system.
- Habeck discusses economic cooperation and energy supply in Kiev.
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
Massive airstrikes on Dnipro: Sharma: "Zelensky's tone has changed": While Economics Minister Habeck visits Ukraine, numerous Russian missiles hit the city of ...
n-tv.de/mediathek/videos/politik/Sharma-Selenskyjs-Ton-hat-sich-veraendert-article24885896.html
Ukraine war: Children among eight dead in Russian strike on Dnipropetrovsk region
bbc.com/news/world-europe-68853490
Robert Habeck wants Germany to rebuild Ukraine: A defense industry delegation from Berlin spies opportunities amid the rubble.
politico.eu/article/robert-habeck-wants-germany-to-rebuild-ukraine/
German drone manufacturer opens factory in Ukraine: Quantum Systems, a German drone manufacturer, opened a drone factory and development hub in Ukraine on April ...
kyivindependent.com/german-drone-manufacturer-opened-factory-in-ukraine/
Opinion: A look at the drone arsenal Russia uses against Ukraine: Drone combat in Russia’s war against Ukraine is changing warfare. Unmanned aerial vehicles ...
kyivindependent.com/opinion-a-look-at-the-drone-arsenal-russia-uses-against-ukraine/
Cash: Germans' assets at record value - Daily money is also popular: The Germans have more money in their pockets again. The reason for this is higher interest ...
t-online.de/finanzen/aktuelles/id_100388504/bargeld-vermoegen-der-deutschen-auf-rekordwert-auch-tagesgeld-beliebt.html
Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
Ukraine War: The protective shield is crumbling: Russian attacks on civilian targets are increasing, President Zelensky is urgently asking for more anti-aircraft ...
spiegel.de/ausland/ukraine-krieg-f-16-kampfjets-lassen-auf-sich-warten-selenskyj-appelliert-erneut-an-den-westen-a-5343fbf8-162c-47d4-b542-7cecc553fdee
Inside the Swedish ammunition plant at the forefront of Europe’s push to ramp up shell production
kyivindependent.com/inside-the-swedish-ammunition-plant-at-the-forefront-of-europes-push-to-ramp-up-shell-production/
Bag of Rice Still Selling for Up to N84,000 in Lagos: To verify if a bag of rice indeed sells for N60,000, FIJ took to two food markets in Lagos to ask the ...
fij.ng/article/bag-of-rice-still-selling-for-up-to-n84000-in-lagos/
Republican Spartz suggests removing military aid for Ukraine from Johnson's bill: Ukrainian-born congresswoman Victoria Spartz has submitted several amendments ...
pravda.com.ua/eng/news/2024/04/18/7451907/
Escalating Middle East tensions a fresh jolt to world markets: Reports of an Israeli attack on Iranian soil that possibly drags the Middle East into a deeper ...
reuters.com/markets/global-markets-middle-east-graphic-2024-04-19/
Yellen calls Republican delays in approving Ukraine aid inexcusable: U.S. Treasury Secretary Janet Yellen on Wednesday underscored the Biden administration's ...
reut.rs/3xGLYwS
EU tells Trump to 'get his facts straight' on Ukraine aid: The EU and its Member States were Kyiv's primary supporters with €144.1 billion in pledges ...
brusselstimes.com/eu-affairs/1013504/eu-tells-trump-to-get-his-facts-straight-on-ukraine-aid
Kremlin says US aid will not help Ukraine on battlefield: Russia said Thursday that fresh US aid for Ukraine will not change anything on the battlefield ...
english.alarabiya.net/News/world/2024/04/18/kremlin-says-us-aid-will-not-help-ukraine-on-battlefield
Ukraine Says It Attacked Russian Military Air Base in Crimea: Ukraine said it attacked a large air base in Russian-occupied Crimea, highlighting its ability to ...
bloomberg.com/news/articles/2024-04-18/ukraine-says-it-attacked-russian-military-air-base-in-crimea
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Ukraine War: Zelensky thanks Germany after Robert Habeck's visit: After Habeck's visit, President Zelenskyj thanks Germany's help. Lithuania's president is ...
faz.net/aktuell/politik/ausland/ukraine-krieg-selenskyj-dankt-deutschland-nach-besuch-von-robert-habeck-19664217.html
USA: Spinners drive former President Donald Trump to re-election: Radical preachers and conspiracy tellers are flooding the US election campaign with lies.
t-online.de/nachrichten/tagesanbruch/id_100389074/usa-spinner-treiben-ex-praesident-donald-trump-zur-erneuten-wahl.html
Zelensky meets German vice-chancellor in Kyiv to discuss air defense: Ukraine's President Volodymyr Zelensky held a meeting with Germany's ...
kyivindependent.com/zelensky-meets-german-vice-chancellor-in-kyiv/
Foreign investor in Ukraine accuses officials of corruption: Anglo-German businessman makes extortion claims against figures in security services and ...
ft.com/content/47ab8286-248d-4fec-80ce-b08ed1409243
Average mortgage holder spending record $2,800 on monthly payments: The median monthly mortgage payment jumped 11% in the past year due to surging interest rates ...
businessinsider.com/mortgage-payments-housing-market-interest-rates-house-prices-sales-2024-4
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
EU leaders under pressure to bolster Ukraine’s struggling air defences: The EU’s 27 leaders face mounting pressure to step up efforts to protect Ukraine’s skies ...
euronews.com/my-europe/2024/04/17/eu-leaders-under-pressure-to-bolster-ukraines-struggling-air-defences
China foreign ministry welcomes Blinken's visit to China as tensions simmer: China's foreign ministry on Thursday welcomed U.S. Secretary of State Antony ...
reuters.com/world/china-foreign-ministry-welcomes-blinkens-visit-china-tensions-simmer-2024-04-18/
Petrol and diesel back to nearly €2 a litre as drivers hit by biggest price rise this year
independent.ie/business/personal-finance/petrol-and-diesel-back-to-nearly-2-a-litre-as-drivers-hit-by-biggest-price-rise-this-year/a1753249448.html
EU summit decides on new Iran sanctions: The EU state and government leaders have decided to expand sanctions against Iran. They also promised Ukraine further ...
tagesschau.de/ausland/europa/eu-gipfel-nahost-ukraine-100.html
Moskowitz trolls Greene with foreign aid amendments: Rep. Jared Moskowitz (D-Fla.) trolled Rep. Marjorie Taylor Greene (R-Ga.) with a pair of amendments that ...
thehill.com/homenews/house/4602827-moskowitz-trolls-greene-with-foreign-aid-amendments/
Quick Glance: GOP Congresswoman Propagates Russian Narratives Against Ukraine Aid
- Republican Congresswoman Marjorie Taylor Greene introduced amendments to the latest bill on aid to Ukraine, echoing Russian propaganda narratives about "biolabs in Ukraine" and "persecution of Christians in Ukraine."
- Greene proposed halting funding for Ukraine's aid until free and fair elections are held, persecution of Christians stops, and all biolabs in Ukraine are closed.
- The allegation of secret "biolabs" in Ukraine is a long-standing Russian propaganda conspiracy theory, also picked up by Chinese disinformation networks according to the EU East Stratcom Task Force.
- House Speaker Mike Johnson announced determination to advance the foreign aid bill on April 20, despite opposition from GOP hardliners who have blocked progress for over six months.
Russia accuses Ukraine of shelling medical facilities and of killing medical staff
english.alarabiya.net/News/world/2024/04/18/russia-accuses-ukraine-of-shelling-medical-facilities-and-of-killing-medical-staff-
ECB’s Lagarde digs in as US pushes Europe on using Russian assets for Ukraine aid
politico.eu/article/ecbs-lagarde-digs-in-as-us-pushes-europe-on-using-russian-assets-for-ukraine-aid/
GOP lawmaker slams Republican colleagues over Ukraine support: ‘They would like to see the Russians win’
thehill.com/homenews/house/4603977-gop-lawmaker-slams-republican-colleagues-over-ukraine-support-they-would-like-to-see-the-russians-win/
German vice-chancellor visits Kyiv as German delegation promises new IRIS-T delivery shortly
kyivindependent.com/german-vice-chancellor-visits-kyiv/
Few in new poll say Biden law has helped fight climate change: Very few Americans believe the Inflation Reduction Act (IRA), signed into law by President Biden ...
trib.al/XuRnSYN
PM Shmyhal meets with US Treasury Secretary Yellen: Prime Minister Denys Shmyhal and U.S. Treasury Secretary Janet Yellen held talks on the long-awaited U.S ...
kyivindependent.com/pm-shmyhal-meets-with-us-treasury-secretary-yellen/
MP Yaroslav Zhelezniak: Developments in Ukraine’s parliament on economic reforms, international obligations — Issue 51
kyivindependent.com/mp-yaroslav-zhelezniak-developments-in-ukraines-parliament-on-economic-reforms-international-obligations-issue-51/
Another air defence system will be in Ukraine soon – IRIS-T manufacturer : Helmut Rauch, the head of the arms company Diehl Defence, which produces IRIS-T SLM ...
pravda.com.ua/eng/news/2024/04/18/7451815/
Christine Lagarde says US plan to raise debt against Russian assets carries legal risk
ft.com/content/f4996537-329d-4946-821e-67d11f5928b7
EU foreign policy chief warns Middle East 'on edge of regional war': G7 foreign ministers are meeting to discuss new ways of securing military funding ...
euronews.com/2024/04/18/eu-foreign-policy-chief-josep-borrell-warns-middle-east-on-edge-of-regional-war
Social Security cost of living boost in 2025? Early estimate calls for 2.6% increase
freep.com/story/money/personal-finance/susan-tompor/2024/04/18/how-high-could-inflation-drive-social-security-cola-hike-in-2025/73327853007/
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
EU leaders vow to impose tougher sanctions against Iran as Ukraine's president pleads for support
pbs.org/newshour/world/eu-leaders-vow-to-impose-tougher-sanctions-against-iran-as-ukraines-president-pleads-for-support
Europe's Defense Dilemma: How to Balance Costs and Benefits?: What are the economic impacts of increased security spending in Europe? Euronews highlights the ...
de.euronews.com/business/2024/04/17/europas-verteidigungs-dilemma-wie-wagt-man-kosten-und-nutzen-ab
If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...
smh.com.au/politics/federal/if-the-reserve-bank-were-a-football-coach-it-would-have-been-sacked-eons-ago-20240418-p5fkv9.html
Ukraine War: Ukrainian Drone Attacks on Targets in Crimea and Russia: Robert Habeck makes a surprise visit to Ukraine. The city of Chernihiv ...
focus.de/politik/ausland/ukraine-krise/ukraine-krieg-im-ticker-in-letzter-sekunde-steigt-die-ukraine-aus-schifffahrts-deal-aus_id_57275780.html
Should you wait for interest rate cuts to buy a house?: Once interest rates fall, property prices would likely go up, but buyers could borrow more money ...
smh.com.au/property/news/should-you-wait-for-interest-rate-cuts-to-buy-a-house-20240418-p5fkv8.html
Stock market today: Stocks slide for the 5th straight session: The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts ...
markets.businessinsider.com/news/stocks/stock-market-news-fifth-loss-fed-speakers-rate-cuts-delay-2024-4
The truth comes out: US is paying dearly for outperformance : The United States is floating on a giant pumped-up air mattress of excess federal spending and no ...
thehill.com/opinion/finance/4602451-the-truth-comes-out-us-is-paying-dearly-for-outperformance/
Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html
How much money do you need to retire? Most Americans calculate $1.8 million, survey says.
usatoday.com/story/money/personalfinance/2023/08/02/how-much-money-americans-need-for-retirement/70507274007/
Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran: Oil and gold prices rose and Japan's yen rallied on Friday on reports Israeli missiles ...
reuters.com/markets/view-oil-japans-yen-up-reports-israeli-missiles-hit-iran-2024-04-19/
Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to keep prices down as Calif. fast food industry, prices slammed by minimum wage hike
nypost.com/2024/04/11/business/in-n-out-president-lynsi-snyder-went-toe-to-toe-to-keep-menu-prices-down/
America’s debt problem is storing up trouble for the rest of the world: The high and rising level of US government debt risks driving up borrowing costs around ...
cnn.com/2024/04/17/economy/america-debt-interest-rates/
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
Heineken Ireland is latest to hike price of pint from June: Heineken Ireland has announced that the price of its draught products will increase from June 4.
independent.ie/business/irish/heineken-ireland-is-latest-to-hike-price-of-pint-from-june/a1053458282.html
Why is the economy so strong? New hires are spending more and upgrading their lifestyles
usatoday.com/story/money/2024/04/18/strong-job-growth-bolsters-spending/73351285007/
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