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Business, Economy

“The scarcity of water is emerging as a global economic threat. With China and India looking the most at risk”

“Water scarcity is seen as the most significant and potentially most impactful component of the wider climate crisis, and researchers say that large Asian economies like India and China will be the most affected from these water shortages. Asia is… Continue Reading…

Business

“Nvidia-backed platform that turns text into A.I.-generated avatars boosts valuation to $1 billion”

“ https://www.cnbc.com/2023/06/13/ai-firm-synthesia-hits-1-billion-valuation-in-nvidia-backed-series-c.html

Banking, Economy

“US Inflation Slows, Giving Room for Fed to Pause Rate Hikes”

“…Both the consumer price index and the core CPI — which excludes food and energy — decelerated on an annual basis, highlighting inflation’s descent since peaking last year. At 4%, year-over-year inflation is now at its lowest level since March… Continue Reading…

Economy, Stocks

“Beware this stock market rally because it’s reminiscent of what led up to the 2008 crisis, JPMorgan Asset Management CIO says”

“…Investors should be wary of the ongoing stocks rally because it doesn’t reflect looming economic risks, and is reminiscent of the months that led up to the 2008 financial crisis, according to JPMorgan Asset Management’s chief investment officer. Bob Michele told… Continue Reading…

Banking, Economy

“Stocks Drop 20% If Bonds Have Inflation Right in JPMorgan Model”

“The widening disconnect between stocks and bonds suggests a 20% downside risk for equities if bonds are proved correct in pricing inflation volatility, according to modeling by JPMorgan Chase & Co. strategists… JPMorgan’s view highlights how much investors across different… Continue Reading…

Business, Economy

“…Elon Musk Just Slammed Ireland’s Plans To Slaughter 200K Cows For Climate Change…”

“…According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet the European Union’s climate targets… It also caught the attention of Tesla Inc. CEO Elon Musk. “This really needs to stop. Killing some cows… Continue Reading…

Business

“NASA mission to prevent ‘internet apocalypse’ which could leave people offline for months”

“A groundbreaking mission by NASA’s Parker Solar Probe (PSP) has successfully ventured through solar wind for the first time aiming to prevent people on earth being unable to get on the internet. Scientists have issued warnings about the potential impact… Continue Reading…

Energy

“The world’s energy system is ‘no longer fit for purpose,’ says energy council chief”

“The world’s energy system is no longer “fit for purpose,” according to World Energy Council CEO Angela Wilkinson, who alluded to lackluster momentum toward a planned green energy transition… The council’s most recent report forecasts that around half of the… Continue Reading…

Banking

“JPMorgan Grows Even Bigger as US Bank Giants Soak Up Assets”

“…More than 70% of aggregate asset growth in major US banks was concentrated in the 10 largest lenders, which saw a combined $630 billion increase in the first quarter — when also including assets tied to more-recent mergers and acquisitions,… Continue Reading…

Business, Real Estate

Blackstone Is Having Trouble Trying To Figure Out How To Steal As Much Money As Possible

“Blackstone real estate investment trust (BREIT) is known as one of America’s largest and most dependable privately held REITs when it comes to delivering investor returns. However, 2023 has proven to be a difficult year for real estate investors, and… Continue Reading…