With China’s economy on the ropes, investors have transferred their hopes to India.
Category: 30 January 2024
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FED’S INSPECTOR GENERAL SAYS KAPLAN, ROSENGREN DID NOTHING ILLEGAL
The U.S. Federal Reserve’s inspector general (IG) has cleared two former Fed bank presidents of any illegal activities in questionable trades they made in 2020. However, the watchdog office scolded them for tarnishing public confidence in the central bank.
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AMERICANS USING CREDIT CARDS MORE, TAKING LONGER TO PAY THEM OFF
Consumers are using their credit cards more, both for basic and discretionary purchases, and taking longer to pay off their balances, The Wall Street Journal reported last week.
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WILL AMERICAN CONSUMERS KEEP DRIVING THE ECONOMY?
Last week’s report that U.S. consumers hiked their spending by 3.3 percent in 2023’s final quarter surprised many analysts, who had expected just a 2-percent bump.
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U.S. ECONOMY GREW MORE THAN FORECAST IN FOURTH QUARTER
U.S. GDP grew by 3.3 percent in last year’s final quarter, ending a year in which a widely expected recession failed to materialize.
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HOLOGRAM AI TEACHERS AND LOW-PAID HUMAN “AIDES”: THE FUTURE OF EDUCATION?
As AI is progressively impacting human jobs in a wider range of industries, there have been those that see their lines of work as relatively immune to an AI takeover.
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U.S. SCREW UP IN LATEST MIDDLE EAST ATTACK
The U.S. mistook a drone as one of its own in an alleged deadly attack by an Iranian-backed militia on an American base near the border between Jordan and Syria, resulting in the drone smashing into the outpost and killing three U.S. troops.
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AS FORECAST: TECH COMPANIES LEADING THE WAY IN HUMAN WORKER REPLACEMENT BY AI
2024 is already shaping up to be more brutal than 2023, in the tech fueled AI annihilation of human workers.
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FRENCH FARMER PROTESTS AGAINST OVERREGULATION, DIESEL PRICES
Farmers continue to protest in France against what they see as backbreaking regulations and livelihood-killing diesel fuel prices, raising fear in the country’s establishment that the anger could result in a strengthened populist movement.
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BLOCKCHAIN BATTLES
Three Spot Bitcoin ETFs are already in the top ten of all ETFs in terms of valuation.