Author: Angel City Editorial Team
Over the next week, Wall Street is set to release several important economic reports that could impact the stock market.Among economic events, investors’ main focus will be on June consumer price inflation and testimony from Federal Reserve Chairman Jerome Powell before the U.S. Congress.The Consumer Price Index (CPI) report and Chairman Powell’s testimony may provide clues about the direction of the Fed’s monetary policy.Next week also marks the start of second-quarter earnings season, with PepsiCo, Citigroup, JPMorgan Chase, Wells Fargo and Delta Air Lines among the key stocks to watch.Economic EventsThe consumer credit situation for May will be released on…
The market for GLP-1 drugs to treat obesity is expected to soar to more than $1 trillion, Moritz Pott, founder and CEO of Tema ETFs, offered the optimistic prediction in an exclusive interview with Benzinga. “Long term, our view is that this is not a two-way race between Eli Lilly and Novo Nordisk (NYSE:NVO),” Mauritz said, disputing the common notion of a duopoly in the weight-loss market. Pott predicts that growing demand for weight loss treatments and the expanding use of GLP-1 drugs will drive this trillion-dollar market opportunity. In November 2023, Tema ETFs launched its first weight loss-focused ETF,…
In today’s world, technology is evolving at a breakneck speed, giving rise to innovative gadgets that make our lives easier, more efficient, and more enjoyable. From smart home devices to cutting-edge wearables, these top 10 trending tech gadgets are revolutionizing the way we live and interact with the world around us. Let’s take a closer look at the latest tech innovations you need to know about now.1. Smart GlassesWith the development of technology, smart glasses will become popular on a global scale. Smart glasses blend style with convenience. These glasses have heads-up displays that alert you when needed, position you…
Prosecutors announced the indictment of an Aldie, Virginia, man for his alleged role in a years-long loan fraud scheme that defrauded dozens of investors in Maryland, Virginia and other jurisdictions. Prosecutors announced the indictment of an Aldie, Virginia, man for his alleged role in a years-long loan fraud scheme that defrauded dozens of investors in Maryland, Virginia and other jurisdictions. A federal grand jury indicted Babu Ramaraj, 46, on charges of wire fraud and unlawful financial transactions in late June, according to a press release from the U.S. Attorney’s Office for the Eastern District of Virginia. According to court documents,…
I spent a day using the various Copilot+ AI programs available on the HP EliteBook Ultra to answer one of the main questions about any new AI PC: Is it worth buying?Copilot+ Snapdragon laptops offer improved performance and battery life, and another key selling point is the onboard AI capabilities powered by the Qualcomm Hexagon NPU. But what features does the Copilot+ laptop have?Microsoft has recalled the Recall feature, which captures snapshots of users’ laptop activity, leaving behind the AI Cocreate program in Windows Paint, live captions with AI language translation, enhanced Studio camera effects, and the Copilot AI assistant.…
My husband quit his full-time job in April, we are going on a trip soon, and we also have major renovations to do on our house, so I am worried about expenses.No, I’m not crazy and I’m not alone. A recent report found that the problem is that for the majority of retirees, year-to-year spending numbers are neither stable nor predictable.If you were planning a smooth retirement, that could mean trouble.”The majority of retirees experience significant changes in their spending patterns over time, with about half experiencing persistent fluctuations — fluctuations (increases or decreases) of 20% or more per year,”…
Really supportIndependent journalismClick here for detailsCloseOur mission is to provide unbiased, fact-based journalism that holds power accountable and exposes the truth.Every donation counts, whether it’s $5 or $50.Support us to deliver journalism without purpose.A group of tech billionaires has a bold plan to overcome San Francisco’s cost-of-living crisis: build an entirely new city from the ground up. But this November, the group will face an uphill battle convincing locals that the time has come to build San Francisco 2.0.The plan is the brainchild of Jan Sramek, a tech entrepreneur and former Wall Street trader who, growing up in the Czech…
Video captionFuture of Tata Steelworks in Port Talbot ‘a huge priority’ – ReynoldsArticle informationAuthor, Hugh ThomasTitle, BBC Wales News Business Correspondent7 July 2024, 10:15 BSTUpdated 6 hours agoThe UK government’s new business secretary has said a “job guarantee” will be part of negotiations with steel giant Tata over its Port Talbot facility.Jonathan Reynolds said the factory was “on better terms” for the future, but said newer technology would result in fewer jobs.Reynolds said he and Chancellor Sir Keir Starmer had already spoken to Tata and were in active negotiations over the future of the Port Talbot plant.Asked if that meant…
Hedge funds have flocked to the power sector, attracted by continuing volatile electricity and natural gas prices. They are offering big signing bonuses, hefty profit-sharing contracts, chauffeured company cars and other incentives to lure traders from utilities, banks and rival investment firms. “We’re in the spotlight more today than we’ve ever been in the past,” said Juan Penelas, co-founder of e360 Power, a Texas hedge fund firm that specializes in power trading and has seen assets under management nearly double since the start of 2022 to about $470 million. The power sector is the busiest at HC Group, a London-based…
Most investors probably haven’t thought about how to add pork belly or winter wheat stocks to their portfolios. But many have lined up at Costco to buy gold bars. All of these investments are part of a broader asset class called commodities, along with crude oil, coffee and copper. Despite the impressive gains many commodities have made this year, some strategists say commodities still have a long run of upside ahead and are worth adding to your portfolio.That’s because commodity prices tend to go up and down in long cycles that are driven mostly by human instinct, says John LaForge,…