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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.
Apple removes WhatsApp and Threads from China store under pressure from Beijing: Internet regulator orders delisting of two Meta-owned apps over ‘national ...
ft.com/content/17b0059b-14b5-42fa-a84f-7de7a05ac08a
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
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.
Mortgage rates top 7 percent for first time in 2024: Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie ...
thehill.com/business/4605828-mortgage-rates-top-first-time/
Two Berlin outdoor swimming pools are to get a call for help app: The summer pool in Neukölln was one of the Berlin outdoor pools where there were various ...
morgenpost.de/berlin/article242123698/Zwei-Berliner-Freibaeder-sollen-Hilferuf-App-bekommen.html
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/
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/
Quick Glance: Escalating Middle East Tensions Shake World Markets
- Reports of an Israeli attack on Iranian soil potentially dragging the Middle East into a deeper conflict have rattled world markets with geopolitical risks.
- Stocks fell, oil briefly rose over $3 per barrel, and safe-haven government bonds rallied.
- The heightened tensions bring fresh uncertainty and fuel concerns that high oil prices and potential supply disruptions will keep inflation high.
- Energy stocks benefit from higher oil prices, while demand for safe-havens like US or German bonds rises amid renewed inflation risks from rising oil.
Financial assets of private households at a record high: Overall, people in Germany have more financial assets than ever before. However ...
hna.de/wirtschaft/geldvermoegen-privater-haushalte-auf-rekordhoch-zr-93018343.html
Apple pulls WhatsApp and Threads from App Store on Beijing's orders: Apple says it has removed Meta’s WhatsApp messaging app and its Threads social media app ...
abcnews.go.com/Business/wireStory/apple-pulls-whatsapp-threads-app-store-beijings-orders-109425756
Want to catch a rare glimpse of an Everest-sized comet?: Here is what you need to know about the so-called ‘Devil Comet’.
bbc.co.uk/news/av/science-environment-68858934
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.
Can TikTok's owner afford to lose its killer app?: Sell or be banned - TikTok's US operations, by some estimates, could fetch up to $100bn.
bbc.com/news/world-asia-china-68681786
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
Apple deletes WhatsApp, Threads from China app store on orders from Beijing: Apple has removed WhatAapp and Threads from its app store in China ...
cnn.com/2024/04/19/tech/china-apple-whatspp-threads-removal-hnk-intl/
Apple pulls WhatsApp, Threads from China app store after Beijing order: Apple said on Friday (Apr 19) it had removed Meta Platforms' WhatsApp and Threads from ...
channelnewsasia.com/business/apple-pulls-whatsapp-threads-china-app-store-after-beijing-order-4277036
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
Can AI help solve Japan’s labour shortages?: Japan is seeing if artificial intelligence can tackle its increasing shortfall of workers.
bbc.com/news/business-68225115
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/
Ofcom: Almost a quarter of kids aged 5-7 have smartphones: The regulator calls the data a "wake up call", and says parents and industry need to do more.
bbc.com/news/technology-68838029
Meta’s ChatGPT killer is taking over your favorite apps: Step aside, ChatGPT. Meta's AI assistant is here, and it's coming to apps like Instagram ...
digitaltrends.com/mobile/meta-chatgpt-killer-taking-over-whatsapp-instagram-apps-news/
Money latest: Should you pay your kids for good grades? Here's what psychologists think
news.sky.com/story/money-blog-news-latest-consumer-financial-inflation-employment-rights-maternity-leave-cost-of-living-13040934
The clock is ticking on a TikTok ban. Will the US ban the app? What you need to know.
usatoday.com/story/money/2024/04/19/tiktok-ban-bill-law/73377253007/
Quick Glance: ByteDance Given 24 Hours to Provide DSA Risk Assessment for TikTok Lite
- The EU demands TikTok owner ByteDance to submit a risk assessment for TikTok Lite within 24 hours to address compliance questions related to the Digital Services Act.
- EU's concerns focus on the launch of TikTok Lite, especially on a reward-linked engagement feature that could have a negative impact on young people's mental health.
- The EU has requested TikTok to provide more information on the risk assessment of the new program and the measures to mitigate systemic risks.
- The company has until April 26 to provide additional information before the EU decides on potential further steps, such as a formal investigation.
‘A little princess off to the army’: Singaporean schoolgirl Joye Cai readies for K-pop trainee life
straitstimes.com/life/entertainment/a-little-princess-off-to-the-army-singaporean-schoolgirl-joye-cai-readies-for-k-pop-trainee-life
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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
National Cold Brew Day 2024 deals: Where to get free coffee and discounts on Saturday
usatoday.com/story/money/food/2024/04/19/national-cold-brew-day-2024-deals/73372119007/
Iran-Israel tensions: Can Iran's economy handle a war?: Iran is suffering from inflation, currency depreciation and the impact of international sanctions ...
dw.com/en/iran-israel-tensions-can-irans-economy-handle-a-war/a-68862368
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/
Some US colleges will soon charge US$100,000 a year: Universities say the bulk of the costs have been funded by their endowment funds and donors.
straitstimes.com/business/invest/some-us-colleges-will-soon-charge-136000-a-year
Paid articlePaid
Haitian migrant double homicide suspect used Biden CBP One app to legally enter US: report
nypost.com/2024/04/17/us-news/migrant-who-used-biden-app-program-to-enter-the-us-is-a-suspected-killer/
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/
Bakery Simulator Review | TheXboxHub: Review - Bakery Simulator is the bread bun of the baking world - bland and uninteresting, but some people might still like ...
thexboxhub.com/bakery-simulator-review/
Breakfast rolls: baking for your dream breakfast: Crispy on the outside, fluffy on the inside: Home-baked rolls are great for getting started with baking ...
zeit.de/zeit-magazin/wochenmarkt/2024-04/fruehstuecksbroetchen-hefe-backen-rezept
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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
AirFryday: Tripping on cheesy mushroom toasties: When you pick up a box of Francy Schoeman’s Langbaken cheeses while driving through Williston ...
dailymaverick.co.za/article/2024-04-19-airfryday-tripping-on-cheesy-mushroom-toasties/
How S’pore investors can ride the gold wave as prices hit record highs: One ounce or 31.1 grammes of phyical gold can be quite costly for an investor to buy into ...
straitstimes.com/business/how-s-pore-investors-can-ride-the-gold-wave-as-prices-hit-record-highs
Paid articlePaid
Swift handover gives Singapore’s incoming PM more time to make his mark: It also gives the ruling party more flexibility on when to call the next general ...
straitstimes.com/opinion/swift-handover-gives-incoming-pm-more-time-to-make-his-mark
Breakfast greeting for caring relatives: ...
vn.at/vorarlberg/2024/04/18/fruehstuecksgruss-fuer-pflegende-angehoerige-3.vn
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US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
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.
US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
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.
Microsoft: Windows Copilot app we quietly installed is harmless and doesn't steal your data
neowin.net/news/microsoft-windows-copilot-app-we-quietly-installed-is-harmless-and-doesnt-steal-your-data/
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
Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...
ft.com/content/14e6a4d4-8be7-46cf-bb51-8445b0e85dc1
Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago
- The leftist administration of Luiz Inácio Lula da Silva wants more flexibility on budget surplus goals
- Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy
- Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product
- Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula
A climate-minded newcomer's guide to riding transit in the Twin Cities: With a little planning and perseverance, it can work for commuting and just getting ...
startribune.com/a-climate-minded-newcomers-guide-to-riding-transit-in-the-twin-cities/600359050/
YouTube is making a bigger effort to go after third-party apps that block its ads
neowin.net/news/youtube-is-making-a-bigger-effort-to-go-after-third-party-apps-that-block-its-ads/
If you’ve got an EV, Google Maps is about to become much more valuable: New Google Maps features address one of Americans’ top concerns about owning an electric ...
washingtonpost.com/climate-solutions/2024/04/17/google-maps-electric-vehicles-stations-charging/
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/
"Tagesschau" team apologizes for false breaking news: The "Tagesschau" app team caused irritation on Monday with a curious breaking news item ...
focus.de/digital/internet/uns-ist-ein-fehler-passiert-tagesschau-team-entschuldigt-sich-fuer-falsche-eilmeldung_id_259858580.html
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
Telegram boss says messaging app hits 900 million users: Telegram has committed itself to never disclosing any personal information about its users.
straitstimes.com/world/telegram-boss-says-messaging-app-hits-900-million-users
Telegram platform to hit 1 bln users within year, founder says: The Telegram messaging app, one of the most popular social media platforms in Ukraine and Russia ...
reuters.com/technology/telegram-platform-hit-1-bln-users-within-year-founder-says-2024-04-17/
Is it the right time to buy gold or wait as prices continue to soar: Is it the right time to buy gold as prices spiral?
timesofoman.com/article/144450-is-it-the-right-time-to-buy-gold-or-wait-as-prices-continue-to-soar
Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...
smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.html
How California fast food restaurants raised menu prices in response to $20 minimum wage
nypost.com/2024/04/16/business/california-fast-food-restaurants-raised-prices-due-to-minimum-wage/
International Monetary Fund: Germany in last place among industrialized nations (again)
spiegel.de/wirtschaft/unternehmen/konjunktur-deutschland-auf-dem-letzten-platz-der-industrienationen-schon-wieder-a-49d8a54b-1dbe-4406-a72b-604e1115b2b4
Xi Jinping says China’s exports are helping ease global inflation: Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’
ft.com/content/7cc89622-66a7-4b1c-9b2e-138f121a4731
Ringgit opens higher despite greenback strength: KUALA LUMPUR: The ringgit opened higher against the US dollar today although the greenback’s appeal as a ...
thestar.com.my/business/business-news/2024/04/17/ringgit-opens-higher-despite-greenback-strength
Is It Time To Buy Gold Stocks And ETFs As Gold Futures Hit A High? Here's What Charts Show
investors.com/research/gld-stock-a-buy-right-now-heres-what-charts-show-2/
"ID Austria": Android app has not been usable for days: VIENNA. The "Digitales Amt" app, which only recently replaced the cell phone signature ...
nachrichten.at/panorama/chronik/id-austria-android-app-seit-tagen-nicht-nutzbar;art58,3939988
Joe Biden’s approval rating on the economy is rising among US voters: FT-Michigan Ross poll finds president’s gains could be derailed by persistent fears over ...
ft.com/content/bdd37729-8225-4f52-ae88-a7edeb329bb5
Thousands of apps ported back to Windows 95 twenty-eight years later — .NET Framework port enables backward compatibility for modern software
tomshardware.com/software/operating-systems/thousands-of-apps-ported-back-to-windows-95-twenty-eight-years-later-net-framework-port-enables-backward-compatibility-for-modern-software
Why child care costs are soaring: Wages in the industry have risen fast in the last few years — but they're still pretty low.
axios.com/2024/04/16/child-care-costs
Brace yourselves: Microsoft wants to put ads in Windows 11's Start menu: That's cool, I don't see enough of those things.
pcgamer.com/software/operating-systems/brace-yourselves-microsoft-wants-to-put-ads-in-windows-11s-start-menu/
Biden's new take on inflation: Trump would be worse: Biden's team knows there's not a lot it can do to lower it before the Nov. 5 election.
axios.com/2024/04/13/biden-trump-inflation-worse-tariffs
Quick Glance: Biden's New Perspective on Inflation: Trump Would Be Worse
- The White House warns that inflation would worsen if Trump is re-elected as a strategy to sway voters.
- March's inflation increase surpassed expectations, undermining Biden's claim of lowering prices.
- Rising oil prices due to geopolitical tensions could lead to higher gas prices, a concern for the White House.
- Biden emphasizes fighting inflation as top priority while experts debate the impact of his economic stimulus packages.
Concern for Bank of England as real earnings growth at highest rate since 2021: While the wage figures are good news for households on the face of it ...
news.sky.com/story/real-earnings-growth-at-its-highest-rate-in-nearly-two-and-a-half-years-13116319
Quick Glance: Rising Real Earnings Growth Raises Concerns at Bank of England
- An unexpectedly weaker decline in the pace of wage increases has led to real earnings growth reaching its highest level in nearly two and a half years when considering inflation, according to the latest official data.
- Recent official figures indicate that average regular pay without bonuses was at 6% in the three months to February compared to the previous year.
- The broader ONS statistics revealed an increase in the UK's unemployment rate from 3.9% to 4.2%, with caution due to ongoing efforts to enhance the reliability of employment data.
- The forthcoming inflation data expected on Wednesday is likely to demonstrate further progress towards the Bank's objectives and the potential for a decrease from the current 5.25% interest rate.
US and India stoke hopes of global growth in 2024 : FT-Brookings Tiger index shows ‘positive omens’ for modest pick-up compared with last year
ft.com/content/7d1199bb-8283-49c3-801e-249938bcbae8
The shadow of war darkens on the global economy: Short-term performance has been surprisingly good but policymakers are walking on eggshells
ft.com/content/31158ec7-433b-4c0e-9f2e-8a13e8dd4750
Basic tax-free allowance: 244,000 pensioners do not have to pay taxes: The basic tax-free allowance was increased at the turn of the year to compensate for ...
zdf.de/nachrichten/wirtschaft/rentner-deutschland-steuern-grundfreibetrag-100.html
What the key interest rates mean for savers: Inflation is falling - the ECB is heading for a possible first interest rate cut. Consumers could already be feeling ...
zdf.de/nachrichten/wirtschaft/ezb-leitzinsen-banken-sparer-kredite-100.html
Barcelona bus route removed from map apps to tackle tourist overcrowding : Residents welcome removal of number 116 route, often used to get to Park Güell
theguardian.com/world/2024/apr/16/barcelona-bus-route-removed-map-apps-tourist-overcrowding-park-guell
California restaurant will up wages to compete with $20 fast-food pay: "Why wash dishes for $15 or $17 if I can go get $20 flipping burgers at McDonald's ...
businessinsider.com/california-fast-food-20-minimum-wage-restaurant-raise-pay-compete-2024-4
Quick Glance: California eateries adjust wages to meet competition with $20 fast-food pay
- A restaurant owner in California plans to raise wages to compete with the $20 per hour pay for fast-food workers.
- Legislation is expected to drive up wages in various sectors as they strive to attract and retain employees.
- The increased minimum wages worsen the existing challenges faced by independent restaurants in California.
- Implementing price changes, cost-cutting strategies, and reduced operating hours could be potential measures to streamline operations.
Here are the tax brackets to file your 2023 taxes: The tax brackets for Americans will shift upward for tax year 2023, following a series of rule adjustments to ...
thehill.com/business/4595268-here-are-the-tax-brackets-to-file-your-2023-taxes/
Generation Z is unprecedentedly rich: Millennials were poorer at this stage in their lives. So were baby-boomers
economist.com/finance-and-economics/2024/04/16/generation-z-is-unprecedentedly-rich
Gold is back — and it has a message for us: The precious metal’s surge may herald a whole new world
ft.com/content/bdcb7d8a-e958-4910-9d1b-a6a519812503
The Forever Stamp is forever rising in price. How does the U.S. cost compare globally?
npr.org/2024/04/12/1244273973/forever-stamp-cost-price-going-up-usps-postage
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