Opinion: Don’t believe the hype: The economy isn’t headed toward a recession, and the Fed isn’t ‘behind the curve’ on interest rates

Much has been made about an imminent, full-blown recession, triggered by the unwinding of record stimulus by the Federal Reserve and resulting steep correction in stock and bond prices. While the clearing out of speculative froth from the markets may be wrenching, there is little evidence in the investment and consumption fundamentals of the business-cycle … Read more

As monkeypox cases rise, European countries urged to take extra steps – POLITICO

Press play to listen to this article Europe’s disease control body has urged countries to prepare contact tracing, vaccines, treatments and diagnostics as ways to combat an increasing number of monkeypox cases. In the UK a further 36 cases have been identified, bringing the total number of monkeypox infections to 56, according to the UK … Read more

Good news for buyers? Fannie Mae chief economist says the US housing market has finally turned a corner. Here’s why.

The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6% in April to a seasonally adjusted annualized rate of 591,000, according to Census Bureau data released Tuesday. That was the slowest rate of sales since April 2020 during the earliest days of the COVID-19 pandemic, offering … Read more

Sweden: 5th COVID-19 shot to people over 65, pregnant women

Sweden is recommending a fifth COVID-19 vaccine dose for people with an increased risk of serious illness, including pregnant women and anyone aged 65 and over TownThe Associated Press May 24, 2022, 8:18 AM • 2 min read Share to FacebookShare to TwitterEmail this article STOCKHOLM – Sweden is recommending a fifth COVID-19 vaccine dose … Read more

Dark Clouds Remain for China’s Property Market

China’s beleaguered property sector has not shown any signs that a turnaround is around the corner — a move that could help the country’s battered economy. Though the sector has so far avoided a complete meltdown, which many predicted months ago, a double-whammy of defaults among developers and falling home prices continues to plague the … Read more

Davos is back and the world has changed. Have the global elite noticed?

Davos, Switzerland CNN Business – The last time top politicians, CEOs and billionaires gathered in a Swiss mountain village to discuss society’s biggest problems and pitch their solutions, the coronavirus outbreak in China was little more than a remote threat. The economy was humming, and a major armed conflict in Europe was on nobody’s list … Read more

The stock market is ‘vulnerable to good news’ and a 10% to 12% rally, says this strategist

Accentuate the positive, they say. And why not, as we cruise into Monday with stocks pointing higher amid hopes for easing US tariffs on China. Granted, optimism is a tall order these days, with the US economy slowing, COVID not done yet (let’s hope monkeypox passes fast) and Russian boots still on the ground in … Read more

Apple Looks to Boost Production Outside China

TOKYO—Apple has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing’s strict anti-Covid policy among other reasons, people involved in the discussions said. India and Vietnam, already sites for a small portion of Apple’s global production, are among the countries getting a closer look from the company as … Read more

In good hands: In post-pandemic world, why it is necessary to take care of your hands

Washing hands is easy, and it has proved to be one of the most effective ways to prevent the spread of infectious diseases. Hand hygiene can help stop germs from spreading from one person to another and in our communities — including workplaces, homes, and educational institutions. Hand sanitation is still believed to be the … Read more

Nvidia’s data center sales are likely to eclipse gaming – that might not be a good thing

Nvidia Corp.’s data-center sales are expected to edge out its gaming sales in fiscal first-quarter results, as demand from server farms remains high and gaming interest has subsided from rabid levels earlier in the COVID-19 pandemic. Nvidia NVDA, -2.51% is scheduled to report financial results after the closing bell on Wednesday. Analysts surveyed by FactSet … Read more