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Market Update: Tech Stocks Rally on Strong Earnings
Traders on the floor of the New York Stock Exchange on Aug. 4, 2022.
Source: NYSE
S&P 500 and Nasdaq Futures Rise
S&P 500 futures rose in overnight trading Thursday as Big Tech names Alphabet and Microsoft saw shares rally on strong earnings. Futures linked to the broad market index climbed 0.7%, while Nasdaq 100 futures popped 1%. Dow Jones Industrial Average futures gained 30 points, or 0.08%.
Alphabet and Microsoft Lead the Charge
Alphabet jumped 11% in extended trading following a better-than-expected first-quarter earnings report. The company also authorized its first-ever div
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Real-Time Market Insights: Stay Updated with Live Stock Market Updates
Alpha Bank in Milan for Unicredit
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Electricity prices raise rent prices. A blow to Poles living in housing estates
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The government assures that partial unfreezing of electricity prices it will not end in a price drama for Polish families. However, it may turn out that the electricity rates changed since July will translate into higher rent prices. In particular, premises located in housing estates. Representatives of housing cooperatives warn about the threat that may affect tenants.
See also: Electricity prices 2024. Freezing prices too expensive for the state budget
In recent days, the Ministry of Climate and Environment has been specifying the assumptions of the project, which include, among others: recipes, pursuant to which in the second half of 2024, the maximum electricity price will apply for farms in the amount of PLN 500 per MWh. In addition, it is provided energy voucherwhich is intended to concern low-income households and consumers sensitive to electricity, especially those living alone in single-family houses in small towns and villages.
Electricity prices raise rent prices. A blow to Poles living in housing estates
Despite the proposed solutio
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Electricity prices raise rent prices. A blow to Poles living in housing estates
TAXATION AND HUMAN RESOURCES – Digital solutions offered to businesses
| The management of business activities can be done online, this especially benefits small and medium-sized businesses. |
Business management software was created by Optimada. This initiative was created with the aim of streamlining business activities.
Soon, will business management be paperless? Optimada is launching new business management software, which allows data from any type of establishment to be hosted on the Internet. This is “Sage Partner Cloud”, a tool that allows the activities of hosted companies to be managed remotely. There is also the Sage accounting tool, software that makes accounting easier, much more suitable for small businesses. These two software programs ultimately make it possible to manage the smallest administrative det
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TAXATION AND HUMAN RESOURCES – Digital solutions offered to businesses
Inflation and Meta knock out Wall Street
After a start to the week marked by renewed optimism, Wall Street is preparing for a difficult session on Thursday. The disappointing data from Meta Platforms and the announcement of a weak GDP for the first quarter of 2024 in the United States, but with a very marked inflationary component, weigh heavily.
“The market reacts more to the PCE overshoot than to the GDP drop, and therefore stock futures are weaker“, notes Stuart Cole of Equiti Capital.
In the release on the US GDP for the first quarter, it’s the paragraph on inflation that stands out. Here it is in full in a quick translation:
“The gross domestic purchases price index increased 3.1% during the first quarter, compared to a 1.9% increase in the fourth quarter. The personal consumption expenditure (PCE) price index rose 3.4%, compared to an increase of 1.8%. Excluding food and energy prices, the PCE price index increased 3.7%, compared to a 2% increase.“
In other words, the data confirms that inflation played an important role in the first quarter of 2024 in the United States, far beyond what was feared. This reality simply dashed market hopes for an initial Fed rate cut until December. The US 10-year bond yield just took off to 4.72%, while the 2-year bond yield returned to 2%.
In the first New York stock exchanges, the S&P500 and the Dow Jones lost 1.3%, respectively on the threshold of 5,000 points and below the symbolic threshold of 38,000 points. The Nasdaq 100 fell 1.9% to 17,189 points.
In this context of high volatility, reactions linked to company results are exacerbated. In red we can quote Meta platforms (-14%), Textron (-11%), South West Airlines (-10%), O’reilly Automotive (-7%) et IBM (-8%). Wa
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US Stock Market Reacts to Slowing Economic Growth and Rising Inflation: Dow Jones Falls 375 Points
HoonSmart.com >> US stock market, 3 major indexes closed. The Dow Jones Index fell 375 points after reporting a lower than expected 1Q24 GDP showing that growth had slowed significantly and indicated that inflation had not abated. The market is once again worried about economic expansion. Worried that the Fed will reduce interest rates once this year “WTI crude oil prices” rose 76 cents, while “European stock markets” closed negative.
The Dow Jones Industrial Average (DJIA) closed on April 25, 2024 at 38,085.80 points, down 375.12 points or -0.98%, but recovered after falling 500 points during trading hours. After reporting on US economic data The latest shows that growth has slowed sharply and shows that inflation has not subsided. This brings back concern about expanding the economy.
The S&P500 index closed at 5,048.42 points, down 23.21 points, -0.46%.
The Nasdaq index closed at 15,611.76 points, down 100.99 points, -0.64%.
The US Commerce Department reported the first estimate of gross domestic product (GDP) for the first quarter of 2024 that it expanded at 1.6%, below the 2.4% that analysts expected.
This is as a result of slowing consumer spending.
In 2023, the US economy expanded 2.2%, 2.1%, 4.9%, and 3.4% in Q1, 2, 3, and 4, respectively.
It also reported that the Personal Consumption Expenditure (PCE) Price Index for Q1 2024 increased 3.4% from 1.8% in the previous quarter, which excludes food and energy categories,
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US Stock Market Reacts to Slowing Economic Growth and Rising Inflation: Dow Jones Falls 375 Points
South American nurses recruited? Nursing Up alarm vs the Bertolaso plan
Nursing Up: “Bertolaso’s plan on recruiting South American nurses could turn into a dangerous boomerang”
«We note, in these hours, that the Bertolaso plan, on the recruitment of Italian South American nurses, is progressing quickly. In fact, the triumphalist tones with which the Councilor for Welfare of the Lombardy Region continues his “ambitious intent”, convinced of the validity of a project which involves the definition of a bilateral agreement with countries such as Argentina and Paraguay, with to which an agreement in principle had already been reached.
Bertolaso intends to train South American health professionals, adapting them to our complex system, and therefore making them, let it be clear, suitable to cover at least in part the enormous personnel chasm that grips Lombardy (9 thousand nurses in total missing, 2500 are needed to resolve the immediate need for public emergency departments).
Bertolaso himself went so far as to announce that there could be as many as 3,000 non-EU nurses ready to arrive in Italy by the end of the year.”
Thus Antonio De Palma, National President of Nursing Up.
«For our part, we have the intellectual honesty to admit that it will certainly not
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South American nurses recruited? Nursing Up alarm vs the Bertolaso plan
Ethereum Outflow Increases as Market Turns Bearish: What Does This Mean for ETH Price?
- The supply of Ethereum on exchanges has increased over the past few days.
- ETH was down more than 2% and the indicators looked bearish.
Ethereum [ETH] it has seen quite a few outflows from the exchanges over the past week. This happened with the bullish price action.
However, the market turned bearish in the last 24 hours. Has this had a negative impact on ETH outflow?
Ethereum outflow increased!
The price of Ethereum remained comfortably above the $3,000 mark as its price rose more than 6% in the past seven days.
While that was happening, investors amassed reserves of ETH, indicating that they expected the price of the token to rise even more in the coming days.
Titan of Crypto, a popular crypto analyst, recently published a fog emphasizing this fact.
According to the tweet, crypto exchanges saw an outflow of over 260,000 ETH, equivalent to over $781 million, in the past seven days.
In addition, Justin Sun also accumulated ETH. According to recently fog Lookonchain, a wallet possibly with the Sun, withdrew 15,389 ETH from Binance, worth $49.78 million.
Previously, the walle
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Ethereum Outflow Increases as Market Turns Bearish: What Does This Mean for ETH Price?
Samsung’s AI and Wearable Technology Push in Health Industry
AI can be implemented in almost every aspect of our lives, for better or for worse. When it comes to the health industry, there can certainly be great benefits. Dr. Pak (SVP and Head of the Digital Health Team at Samsung Electronics MX Business) spoke to members of the Samsung Health Advisory Board and discussed how artificial intelligence can improve consumption (read the full review here) .
Today, larger devices usually have powerful artificial intelligence. However, this has changed over the years. In the beginning, you needed very large models hosted on big data servers for any kind of generative AI. However, today it is possible to make a smartphone an AI machine using efficient models.
So AI achieves smaller form factors. This is important because wearables are the next logical step for AI. Imagine a generational AI assistant in a smart watch. There is no telling how this might add to (or detract from) your experience.
Samsung is talking about AI and wearables
It’s not news that Samsung is working on bringing AI to its Galaxy watches. However, with the way AI is progressing, we shouldn’t be surprised if the company continue
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Samsung’s AI and Wearable Technology Push in Health Industry
Consensys Files Lawsuit Against SEC, Seeking Clarity on Ethereum’s Legal Status and Defending Blockchain Innovation
A Bitter Legal Battle in the Crypto Industry: The SEC vs. Consensys
The crypto industry and the Securities and Exchange Commission (SEC) are locked in a bitter legal fight that intensified recently when Consensys, a major backer of the Ethereum blockchain, filed a lawsuit against the agency in a Texas federal court. The crux of the lawsuit revolves around the SEC’s impending lawsuit against Consensys over features of its popular MetaMask wallet, but it also seeks to address a larger legal uncertainty in the industry – whether Ethereum’s digital token, Ether, should be classified as a security.
In the 34-page legal filing, Consensys pulls no punches, using strong language to argue that the SEC’s attempts to exert jurisdiction over Ethereum are not only illegal but also pose a significant threat to blockchain technology as a whole. The complaint states that the SEC’s seizure of authority over ETH would have disastrous consequences for the Ethereum network and for Consensys. It contends that if securities laws were to apply to Ether, it would bring the use of the Ethereum blockchain in the United States to a grinding halt, effectively crippling one of the internet’s greatest innovations.
This lawsuit comes at a time when SEC Chairman Gary Gensler is aggressively pursuing enforcement actions against leading companies in the crypto sector, including Coinbase and Uniswap. His campaign has involved issuing subpoenas to gather documents related to dealings with the nonprofit Ethereum Foundation, which supports the blockchain’s development. These actions have incensed many in the crypto industry, who argue that the SEC has failed to provide clear rules or a regulatory framework that considers the unique characteristics of blockchain technology. Gensler, on the other hand, maintains that existing securities laws are sufficient and that the crypto industry simply refuses to comply with them.
The controversy surrounding Ethereum and the SEC is further fueled by previous indications from the agency that Ethereum’s tokens, like Bitcoin, are not securities and, therefore, fall outside of its jurisdiction. This includes statement
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