Reserve Bank of Australia (RBA) at the central bank’s building in Sydney, Australia on May 2, 2022.Brendon Thorne | Bloomberg | Getty ImagesAustralia’s central bank on Tuesday held interest rates steady as expected and reiterated that policy needed to stay tight, sticking to its guns a week after the Federal Reserve started its easing campaign with a bang.The hawkish stance sent the Australian dollar 0.4% higher to $0.6864, the highest this year, and markets pared the chance of a December rate cut to 59% from 64% before the decision.Wrapping up its September policy meeting, the Reserve Bank of Australia (RBA)…
Author: usaeverydaylife
Sluggish salty snack sales have prompted questions about whether Ozempic and obesity treatments like Wegovy and Zepbound ae to blame. GLP-1 drugs have been cheered as an effective method to help patients with diabetes and obesity to manage their blood sugar levels, hunger and weight. Patients on these drugs eat less and develop an aversion to snacking. A Morgan Stanley survey conducted last year found people on these drugs cut back on confections by 66% , cookies by 65% and carbonated and sugary drinks by 65%. But investors have become increasingly worried that the growing usage of such drugs could…
Israeli President Isaac Herzog threatened further military action against Hezbollah one day after Israel launched air strikes across Lebanon, killing more than 550 people in the country’s deadliest day in nearly two decades.It marks a dramatic escalation of hostilities between Israel and Iranian-backed Lebanese militant group Hezbollah following nearly 12 months of strikes since the start of the Israel-Hamas war in Gaza, stoking fears of an all-out regional war.Thousands of Lebanese residents in the country’s south are fleeing their homes amid the bombardments, with many receiving automated text messages and calls telling them to evacuate. Israel’s government issued warnings to…
Democratic presidential nominee and U.S. Vice President Kamala Harris speaks at a campaign event in Atlanta, Georgia, U.S., September 20, 2024. Elijah Nouvelage | ReutersOver 400 economists and former White House policy advisers announced their support for Vice President Kamala Harris over former President Donald Trump in an open letter Tuesday.The endorsements come as Democrats and Republicans fight to frame their respective candidates as the better option for the U.S. economy in the November election, as high costs of living remain voters’ top priority in national polls.”The choice in this election is clear,” the letter read. “It is a choice between…
BERLIN — “Vamoooooos,” a roar, and the ball skied in celebration.Carlos Alcaraz did what he normally does when he wins a tennis match — except this time he was dressed all in blue, playing on a black court, and about to be mobbed by Alexander Zverev, Stefanos Tsitsipas, and Daniil Medvedev, men whose dreams of Grand Slam titles he has spent most of his career dashing.In dismantling U.S. Open finalist Taylor Fritz, 6-2, 7-5, Alcaraz clinched the 2024 Laver Cup for Team Europe, securing a 13-11 victory over Team World here in the German capital.Not 36 hours earlier, he used…
Timothy Armoo sold his influencer marketing firm Fanbytes in 2022.Tim Armoo.Timothy Armoo became a multi-millionaire after selling his influencer marketing firm for an eight-figure sum when he was 27 years old, but he says that being extraordinary is no easy feat.Armoo, the co-founder and former CEO of Fanbytes, grew up in a public housing development in an impoverished area of south London. He says that his remarkable success came with sacrifices like giving up on what he considered a healthy work-life balance.”I believe in working extremely hard … I absolutely disagree with the idea of work-life balance,” Armoo said in…
Courtesy: Wojciechowski FamilyReal estate is a key puzzle piece in achieving the U.S.’ climate goals, according to federal officials.Residential and commercial buildings account for 31% of the nation’s greenhouse gas emissions, after accounting for “indirect” emissions like electricity use, according to the Environmental Protection Agency. That’s more than other economic sectors like transportation and agriculture.The Biden administration has adopted various policies to cut residential emissions.The Inflation Reduction Act, enacted in 2022, offers financial benefits including tax breaks and rebates to homeowners who make their homes more energy-efficient, for example. The White House also recently issued guidelines for buildings in order…
New all-time highs in the S & P 500 have been welcomed by investors in the wake of the Federal Reserve going big on their first rate cut. Yet, the sustainability of this near year-long rally is being questioned. The SPDR S & P 500 (SPY) is up nearly 20% year to date, I want to spend some of my remarkable 2024 profits on downside protection in the event a breather to the rally or a downturn is imminent. .SPX YTD mountain S & P 500, year-to-date Measuring risk is always a challenge, specifically when various headwinds exist at the…
Consumers’ view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and business conditions, the Conference Board reported Tuesday.The board’s Consumer Confidence Index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August 2021. The Dow Jones consensus forecast was for a reading of 104.Each of the five components the organization samples fared worse on the month, with the biggest fall coming among those aged 35-54 and earning less than $50,000.”Consumers’ assessments of current business conditions turned negative while views of the current labor…
[The stream is slated to start at 10:00 a.m. ET. Please refresh the page if you do not see a player above at that time.]President Joe Biden addresses the United Nations General Assembly for the final time in his presidency, with a speech that will attempt to tout his administration’s foreign policy achievements against a backdrop of ongoing wars in the Middle East, Ukraine and Sudan.Vice President Kamala Harris, the Democratic nominee, and her Republican opponent, former President Donald Trump, are also set to meet with foreign leaders visiting the U.S. for the UN events this week.Read more CNBC politics…
