Allayed as fears crossword clue

If you're looking for capitulation in 2022, it's in the bond market. And that tells you that investors' confidence in the global economy is very low. Inside the stock market, it's all about defense. Defensive stocks, which include big healthcare companies and dividend-paying value stocks, have been driving the gains. An index of global defensive stocks put together by Goldman Sachs, which is heavy in healthcare giants, has climbed to more than an 18-month high relative to the MSCI AC World Index. Inside the U.S., the defensive ETF ticker DEF has been outperforming the Spider ETF SPY all last week and all year. For market watchers, this feels a whole lot like a recession trade. While investors in the capital markets are battening the hatches for a recession, money in the private markets is also drying up. The value of venture capital deals in the U.S. dropped more than 25% in the second quarter to just $1 trillion, according to Dealogic . M&A activity in the United States … [Read more...] about What the Business Cycle is Telling us About a Recession

- A + A (June 28): European Central Bank (ECB) president Christine Lagarde affirmed plans for an initial quarter-point increase in interest rates in July but said policymakers are ready to step up action to tackle record inflation if warranted. Speaking at the ECB’s annual retreat in Sintra, Portugal, Lagarde offered reassurances that a new anti-crisis instrument yet to be announced won’t stand in the way of tackling the fastest surge in consumer prices since the euro was introduced. Her remarks underline the ECB’s base case for normalising monetary policy as some officials float the idea of moving more aggressively. Governing Council member Martins Kazaks said earlier on Tuesday (June 28) that “front-loading” hikes, including a possible larger move next month, could be reasonable. Traders brought forward bets on rate increases, but only see a 25% chance of a half-point hike in July. “There are clearly conditions in which gradualism would not be appropriate,” … [Read more...] about Lagarde vows nimble ECB policy as July hike plan proceeds

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business) This week, Russia defaulted on its foreign debt for the first time since the Bolshevik revolution after it failed to pay interest on two bonds during a 30-day grace period that expired Sunday. But to put the event in context, we don't need to go as far back as 1918. Instead, we can look to 1998 . That's the year Russia defaulted on ruble-denominated bonds, triggering a "Moscow meltdown" that infected markets around the globe. Quick rewind: In August 1998 , following years of upheaval after the fall of the Soviet Union, the Russian government defaulted on its local debt and devalued the ruble. The move sparked chaos in Russia, driving up inflation, causing an economic contraction and triggering bank … [Read more...] about Russia’s last default sparked a crisis. This time is different

The past two years have seen more than a tenth of Americans move from low-paying labor jobs to positions in tech. Dubbed as “new collar workers,” many of these people used recent lockdowns to learn new skills that have helped them find higher salary roles with greater flexibility. This workforce of people from non-conventional backgrounds can bridge the tech talent shortage, but only if companies can adapt their recruitment processes accordingly. advertisement advertisement Players like Google, Apple, and IBM have taken the step of dropping college degree requirements to attract new collar workers, but bringing on board new workers requires more than eliminating formal education requisites. Even before the pandemic, nearly one third of developers considered themselves self-taught, meaning the relevance of the college degree had already slipped. With the tech industry adding 12,300 jobs from February to March this year, … [Read more...] about How ‘new collar workers’ can help companies push past the Great Resignation

MASKED CELEBRATIONS Thousands of devotees turned up at a Mass in Tondo, Manila, during the Feast of the Sto. Niño (Child Jesus) on Jan. 17 this year, wearing masks and face shields. —MARIANNE BERMUDEZ MANILA, Philippines — Christianity was introduced to the Philippines 500 years ago, the faithful have found ways to weave the Filipino culture into their expression of faith, particularly through religious festivals or fiesta — joyous occasions that fill communities with color, hope and a sense of unity. “Although Christianity — the prayers, rituals and devotions — comes from Europe, the past 500 years have shown that the Filipino people have not only embraced Christianity; we have given it a ‘Filipino flavor,’” said former Manila Archbishop Cardinal Luis Antonio Tagle. In “Fiesta: Ang Makulay na Pananampalatayang Pilipino,” a documentary film produced by Jesuit Communications to commemorate the 500 years of Christianity in the country, some Filipino festivals and traditions are … [Read more...] about Fiestas survive pandemic albeit on socially distanced, masked or virtual scale

Share to Twitter Share to Linkedin Topline High-profile stock picker Cathie Wood conceded to being wrong about the duration of high inflation that's contributed to her fund's steep decline this year while doubling down on her belief that the economy has fallen into a recession—defying a vast majority of experts noting a recession is unlikely this year despite growing odds of one next year. Key Facts “We think we are in a recession,” Wood, the founder and CEO of New York City's Ark Invest, said on CNBC's Squawk Box Tuesday, noting that excess inventory driving up costs and leading to wider-than-expected profit shortfalls for corporations like Walmart and Target is a "big problem" facing the economy. Wood first declared the U.S. had fallen into a recession last week, warning on Twitter that massive inventories (often viewed as a leading indicator for demand) have the potential to unwind and hurt growth for the rest of the year, as consumer … [Read more...] about Cathie Wood Claims Economy Already In A Recession—Warns Inflation And Inventories Pose ‘Big Problem’

Share to Twitter Share to Linkedin Melissa Fortunato is an FBI Special Agent and Crisis Negotiator. Over the course of her career, she’s been involved in a number of high-stakes scenarios that required her to lean heavily on the skills of negotiation. She joined Negotiate Anything to share her most exciting stories, as well as her best advice for winning in everyday negotiations. The Importance of a Full Assessment Prior to entering a negotiation, it’s important to complete a full assessment of your counterpart. This may require more time than expected, but the outcomes will be worth it. Fortunato shared how she once went so far as to “marry” her undercover colleague just to get closer to a group of targets. She invested the time (months legitimizing her cover) which then presented a perfect opportunity for building connections: a wedding. For Fortunato, conducting a full assessment meant finding strategic ways to connect with the targets in order … [Read more...] about Negotiating Like A Pro: Tips From An FBI Special Agent

Share to Twitter Share to Linkedin Here is a hack that will make you feel more confident in your job search: the interviewer and hiring managers are more nervous than you are. It’s hard to wrap your mind around this concept, as people are indoctrinated to think that job seekers should be the ones who are nervous and anxious going into an interview. They worry about being judged. Job hunters must contend with the shame of not moving onto the next level in the interview process. Even worse, they don’t receive feedback and get ghosted. The hiring process feels—to the job seeker—like the company, human resources, management and internal talent acquisition professionals hold all of the power. What Hiring Managers Obsessively Worry About A supervisor needs to hire. They want to make sure that the applicant possesses all of the requirements listed in the job description. The interviewer also wants to feel that they can click with the candidate and forge a … [Read more...] about Surprise: The Hiring Manager Is More Anxious Than The Job Seeker

Share to Twitter Share to Linkedin Cryptocurrencies are famous for their wild price swings, and in their short history, they’ve gone through multiple cycles of scorching-hot summers followed by frigid, long winters. The last downturn began in early 2018 and lasted about two and a half years. Over the past three months, with inflation spiking and recession concerns spreading, bitcoin has dropped from a high of $48,000 to roughly $21,000 . Today, some top investors think we’re in for another painful, extended period of low prices. “The next two years are going to be really rough,” says Avichal Garg, a managing partner at Electrical Capital, a crypto investment fund with more than $1 billion in assets. His fundamental views on the industry’s promise haven’t changed. “New software developers are coming in , and we're seeing more and more high-quality founders. We see Web2 executives from Facebook and Google coming in at a faster clip,” he says. But one … [Read more...] about The Crypto Bear Market Could Last Two Years, Top Investors Say

UPDATE Stall sellers and the owners of the Ratchawong Rungrueng packaging shop building, which caught fire in Bangkok’s Chinatown on Saturday, say they are going to sue the Metropolitan Electricity Authority for negligence after a broken transformer caused the blaze that killed 2 people. The faulty transformer caught fire and quickly ripped through the 3-story building on Ratchawong Road in the Sumphanthawong district of Bangkok, also affecting 4 nearby buildings and stalls, causing the death of 2 people and millions of baht worth of damage. The inspector of police from the Chakkrawat Police Station, Ponlawat Promsorn, yesterday spoke to the building owners, and stall sellers, and they estimated the damage caused by the fire is about 10 million baht. They revealed they are suing the MEA and other relevant departments for their recklessness. The building owner revealed to the police and media that they asked the MEA to repair the transformer many times, but they allegedly did … [Read more...] about UPDATE: Owner of fire building in Bangkok Chinatown to sue electric authority