The head of asset allocation research at Goldman Sachs, Christian Mueller-Glissmann, recently expressed concern about the rapid return of market confidence following a significant global sell-off in risky assets. In a discussion with CNBC’s “Squawk Box Europe,” Mueller-Glissmann likened the early August stocks slump to a warning shot, highlighting the dangers of complacency in the
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The recent decrease in mortgage rates for the fourth consecutive week did not seem to impress either current homeowners or potential homebuyers. The Mortgage Bankers Association reported only a modest 0.5% rise in total mortgage application volume compared to the previous week. Although the average contract interest rate for 30-year fixed-rate mortgages dropped to 6.44%
The toy industry faced a significant challenge in the first half of 2024 due to inflation, leading to a sales slump. However, amidst this turmoil, Lego stood out as a resilient player, gaining market share with its strategic initiatives. Lego’s revenue soared by 13% in the first six months of the year, amounting to 31
A recent comprehensive study has revealed a concerning association between increased meat consumption and a higher risk of developing type 2 diabetes. The study, conducted by an international team of researchers, involved analyzing data from nearly 1.97 million individuals across 20 different countries. The results indicated that consuming processed meat, such as two slices of
A recent cohort study conducted on more than 100,000 Medicare beneficiaries showed that the use of first-line antidepressants was associated with a decreased risk of falls and related injuries among older adults diagnosed with depression. The adjusted hazard ratios ranged from 0.74 to 0.83 for different antidepressants, indicating a significant reduction in the risk of
The economic proposals put forth by former President Donald Trump and Vice President Kamala Harris have been subject to scrutiny by experts. According to studies from the nonpartisan Penn Wharton Budget Model, Trump’s proposals would result in an increase in federal deficits by $5.8 trillion over the next decade, significantly higher than Harris’ proposals, which
Former President Donald Trump recently made a surprising move by adding his one-time campaign rival Robert F. Kennedy Jr. and former Democratic Rep. Tulsi Gabbard to his presidential transition team. This unexpected development has raised eyebrows and garnered attention from both supporters and critics alike. Both Kennedy and Gabbard endorsed Trump in his race against
Argentina is making headlines for its recent decision to integrate the study of Ethereum into the high school curriculum in Buenos Aires. This groundbreaking initiative is aimed at equipping the next generation of workforce with knowledge and training in emerging technology. The local education ministry of Buenos Aires has partnered with the ETH Kipu Foundation
The number of individuals holding more than $1 million in crypto assets has seen a staggering increase of 95% over the past year. According to a report from New World Wealth and Henley & Partners, there are now 172,300 crypto millionaires worldwide, up from 88,200 the previous year. This surge in wealth can be attributed
In a terrifying incident at the Spectrum building in Dagenham, east London, a young mother named Cydney Parker found herself in a life-threatening situation when a fire broke out. She recounted how the fire alarms failed to go off, leaving residents unaware of the danger they were facing. As she tried to flee the building,