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Following the release of official figures, it is announced that the British economy has experienced a significant rebound during the first quarter of the current year, successfully concluding what experts referred to as a “technical recession”. According to the Office for National Statistics, the economy increased by 0.6% in comparison to the previous three-month…
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Following growing skepticism surrounding the source of a $237 million donation made to Florida A&M University (FAMU), the historic Black institution has chosen to suspend any further processing of the gift. The donor, Gregory Gerami, a 30-year-old Texan hemp farming executive, previously attempted to present a significant gift to Coastal Carolina University, though this…
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Federal officials are closely examining the points and miles awarded through credit card rewards programs and airline loyalty schemes due to concerns about their complexity, lack of transparency, and potential harm to consumers. Both the Department of Transportation (DOT) and the Consumer Financial Protection Bureau (CFPB) have raised issues regarding the limited redemption opportunities,…
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In a speech delivered at the Louisiana Bankers Association’s annual conference, Dallas Federal Reserve President Lorie Logan expressed doubts over whether current monetary policy is sufficient to bring inflation back to the US central bank’s 2% target. Logan highlighted “important upside risks to inflation” and acknowledged uncertainty regarding the degree of restriction required to…
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According to Atlanta Federal Reserve President Raphael Bostic, the US central bank is likely to proceed with cutting interest rates this year, although the exact timing and degree of the policy adjustment remain uncertain. Bostic, who is a voting member of the Federal Open Market Committee (FOMC), expressed optimism about the prospect of easing…
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As concerns regarding the state of the US economy continue to mount, the latest University of Michigan consumer sentiment survey has revealed a significant decrease in overall sentiment for the month of May. The index reading for the month dropped to 67.4, marking a 13% decline and representing the lowest level recorded in the…
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In a recent review by Fool.com contributor Parkev Tatevosian, Palantir Technologies’ (NYSE: PLTR) management forecasts for 2024 were analyzed and their potential impact on investors discussed. It should be noted that the article was published on May 9, 2024, and the stock prices referenced were from May 7, 2024. It’s essential to consider this…
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While Big Oil has criticized President Biden’s efforts to decarbonize the economy and restrict fossil fuel production, the industry has actually performed better financially under his administration than during former President Trump’s term. According to data from S&P Capital IQ, the energy sector’s profit margin in 2023 averaged 11.3%, with projections for 2024 remaining…
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The United Kingdom has emerged from a brief and mild recession, as preliminary data from the Office for National Statistics (ONS) revealed a 0.6% increase in gross domestic product (GDP) during the first quarter of 2024. This positive result comes following two successive drops in Q4 2023 and Q3 2023, each registering decreases of…
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The latest development in Peru’s ongoing political crisis involves the arrest of President Dina Boluarte’s brother, Nicanor, and her lawyer, Mateo Castaneda, by prosecutors on charges of exerting undue influence over her administration. This action follows the disbandment of a police unit that assisted prosecutors in investigating Boluarte’s inner circle, leading some to suggest…