ECONOMIC UPDATE – MARKET OVERVIEW

ECONOMIC UPDATE – MARKET OVERVIEW

While The Street is still on an equity market high, thanks mostly to so-called “Magnificent Seven” tech stocks that spiked, and continue to spike, with the new AI juice they are gobbling up, it is a different world on Main Street.

 

 

Global Economy

SPOTLIGHT: BIGS GET BIGGER

SPOTLIGHT: BIGS GET BIGGER

Walmart will pay $11.50 a share in cash, or about $2.3 billion, to buy Vizio, a California company that makes television sets.

SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE

SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE

China’s stock markets got a boost last week after banks made a larger-than-expected 0.25-percent cut to the five-year loan prime rate against which mortgage loan rates are benchmarked.

SPOTLIGHT: BANKS GO BUST

SPOTLIGHT: BANKS GO BUST

A dramatic increase in late payments on commercial real estate (CRE) loans is sharply shrinking cash reserves that major U.S. banks have set aside to cover such losses.

The Israel War

The United Nations Building At Sunset

ISRAEL TELLS UN IT IS RUNNING OUT OF PATIENCE WITH IRAN

Israel Katz, Israel's foreign minister, sent a letter to the UN Security Council on Friday and said Jerusalem is “running out of patience” with Iran, while accusing Tehran of increasing weapon shipments to proxies in the region.

Israeli Security Fence Near Jerusalem Separating West Bank

ISRAEL CONTINUES CRACKDOWN IN THE WEST BANK

Israel continued its crackdown in the West Bank over the past few days and detained 22 Palestinians across the occupied West Bank on Friday and Saturday alone, according to Anadolu Agency.

AI

TECH MAJORS AGREE TO CURB AI’S USE IN ELECTION INTERFERENCE

TECH MAJORS AGREE TO CURB AI’S USE IN ELECTION INTERFERENCE

Instances of AI being used to misinform voters are popping up already. One well-publicized example in New Hampshire used an AI-generated Joe Biden voice and robo-called registered Democrats to tell them “don’t vote for me” in the state’s primary election.

Hi-Tech Science

MIXED-REALITY HEADSETS CITED FOR “DANGEROUS” EFFECTS

MIXED-REALITY HEADSETS CITED FOR “DANGEROUS” EFFECTS

Mixed-reality headsets—the bulky goggles that overlay digital content and animation onto the real world using “pass-through” video technology—can cause “dangerous” side effects, according to researchers at Stanford University.

The above are just a few of the many articles in the latest Trends Journal. CLICK HERE for the full edition​.

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