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) A growing number of investors have come to the conclusion that a recession in the United States is probably looming, fueling a sharp sell-off in stocks and bonds as Wall Street braces for impact. What's happening: A shallow recession late this year or early next year is "becoming the consensus view," David Bianco, DWS chief investment officer for the Americas, told reporters this week. While there's agreement that the Federal Reserve needs to continue to aggressively pull back support for the economy to tamp down decades-high inflation, traders have been increasingly concerned that the central bank could accidentally go too far, triggering a new wave of job losses and throwing growth into reverse. But Fed officials … [Read more...] about Who’s right about a recession — markets or the Fed?
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Daria Mattingly is a Ukrainian historian specializing in the Holodomor. She holds a PhD from Cambridge University, where she teaches Soviet and Russian history, and is on the selection committee of the Danyliw Research Seminar on Contemporary Ukraine, University of Ottawa. The views expressed in this commentary are her own. View more opinio n on CNN. (CNN) Growing up in Ukraine, one learns not to leave breadcrumbs on the table. My generation of Millennials was taught this pious reverence to bread by our grandparents who survived the 1932-1933 famine in Ukraine -- known as the Holodomor. Daria Mattingly Many a time I heard the story of how a soup with wild sorrel saved my grandmother and her siblings while the grain collected from her village was left to rot at the train station. That wheat could have saved so many lives, but "the state" did not allow it. My grandmother could not stand the sight of sorrel for the rest of her life, and always kept her … [Read more...] about Opinion: All Ukrainian children know to ‘never leave breadcrumbs on the table’
Park Hae-il [CJ ENM] In Park Chan-wook’s “Decision to Leave,” actor Park Hae-il portrays the unprecedented: a gentlemanly police detective who begins to fall for a suspect in his murder case. Park Hae-il's casting was equally unique in the sense that Park Chan-wook and screenwriter Jeong Seo-kyung approached him for the role before the script was even completed. “When I met Park Chan-wook [for the casting], he just explained the narrative nonstop, for a full hour or so” because the script was incomplete, the actor said at a press interview at a cafe in Samcheong-dong, central Seoul, on Friday. “Although [my character, Hae-jun] is a police detective, he is reserved, polite, dignified and proud of what he does. As I pieced the images together in my head, it was a kind of character that I’d never imagined. Hae-jun, portrayed by Park Hae-il, on a stakeout to watch Seo-rae, portrayed by Tang Wei, as she is a suspect in the death of her husband. [CJ ENM] “I knew that they … [Read more...] about Actor Park Hae-il portrays the unprecedented in ‘Decision to Leave’
The body of Japanese porn star Rina Arano was reportedly found in Hitachiota, Ibaraki Prefecture, in mid-June, naked and tied to a tree. The 23-year-old was reported missing by family in early June after Arano did not contact them for three days, The Sun reported . Police began searching for her June 8, and found her partly-decomposed remains on June 14, according to the outlet. Arano reportedly met with freelance nude modeling clients at their residences, charging around $1,000 per shoot. Fans of Arano’s identified her after law enforcement released a description of her body, The Sun reported. “Rina Arano was tied to a tree without clothes and has been dead for almost two weeks. We are still trying to determine the cause of death,” police said in a statement, according to The Sun. “The man she was with was already questioned.” Andy Vermaut shares:Missing 23-year-old woman’s body found in Ibaraki forest: The woman, identified as Rina Arano, a resident of Tokyo’s Bunkyo … [Read more...] about Remains Of Japanese Porn Star Discovered In Horrific Suspected Murder
Hailey Bieber appeared in a Victoria’s Secret ad Monday wearing nothing more than a lacy thong and bra set that set. The stunning model has been busy launching her skincare line this month, but seems to have made time to appear in a perfectly crafted, very alluring Victoria’s Secret ad. The campaign itself is a simple one, but Bieber has so much sizzle that it needs nothing but her perfect model pose to make it a tantalizing, stunning advertisement . View this post on Instagram A post shared by Victoria’s Secret (@victoriassecret) Bieber’s undergarments were barely-there see-through lace fabric that left very little to the imagination, yet she covered up all the essential areas to keep the shoot classy, sophisticated, and in line with the Victoria’s Secret brand. The lacy underwear had an additional top layer of lace that was as flirty as it was functional, and Bieber hooked her fingers into the sides of the … [Read more...] about Hailey Bieber Wows In Lacy Lingerie Photoshoot
Share to Twitter Share to Linkedin You’ve maxed out your 401k - now what? Current ﬁgures indicate that just 12% of Americans max out their 401k 1 , but if you’re anything like the people I speak to on a daily basis, you already are and you're wondering what's next. In 2022 the 401k limit increased to $20,500, and here's the truth of the matter: if you're used to making a six or seven ﬁgure income and living an abundant lifestyle, that’s not that much money to save annually for retirement. In addition to this volume concern imposed by the IRS contribution limit, inﬂation has also been on the rise, up from 3% to 6.8% in 2021. So having $3 million dollars in your 401k at retirement might seem ﬁne today (and normally achievable if you max out your 401k for 30 years with an average S&P return), but 30 years from now it’s going to buy a lot less than it can today. If inﬂation averages just 4.97% per year, in 30 years from now $3,000,000 would … [Read more...] about You’ve Maxed Out Your 401k – Now What?
Share to Twitter Share to Linkedin Tesl TSLA a is at the center of another controversy. Its newest factories are burning through mountains of cash. Investors are worried about bankruptcy. Bloomberg reported on Thursday that Elon Musk said the Berlin and Austin factories are money furnaces. The headline amped up fear, uncertainty and doubt about the automaker. Shares slipped. Shareholders should beware. FUD works. In fairness, Musk was simply being honest. New factories blaze through capital as they scale up production. Equipment costs can be monumental, especially during an innovation cycle. New employee training, stockpiling components from suppliers, and ongoing construction costs add up too. These cash outlays are stacked up against limited production runs to work out the bugs. The factories in Berlin, Germany and Austin, Texas represent the evolution of the wildly successful “Giga” Shanghai facility, opened in 2019. That Chinese plant … [Read more...] about Tesla Factories Actually Burn Through Skepticism
- A + A HONG KONG/LONDON/BENGALURU (June 29): The latest easing of coronavirus travel rules combined with other encouraging policy signals have began luring some foreign investors back to Chinese stocks, raising the chances that the market can sustain its bounce after months of heavy selling. As the S&P 500 is about to close its worst first half of any year since 1970 and bonds have taken a thrashing, China's beaten-down equity markets start looking like a shelter from a global storm of runaway inflation, interest rate hikes, and recession fears. China's blue-chip CSI300 index is up about 20% from April lows, as is the Shanghai Composite after losses of more than 10% in the first quarter. The gains, together with the relaxation of lockdowns and signals that Beijing could ease up both on virus policies and regulatory clampdowns, have tempted money managers, who were quitting China en-masse in March, to return. Those who were on the sidelines, "have shown some … [Read more...] about Easing Covid-19 rules, growth focus aid China bulls’ cautious return
The Summer Fancy Food Show in New York City returned in June for its first in-person event since 2019, a return that spotlighted the changes in tastes and behaviors created by the pandemic. The food and beverage industry trade show, organized by the Specialty Food Association , featured more than 1,900 exhibitors across a spectrum of food categories --from cured meats and cheeses to olive oil and sweets and exotic items such as gourmet bananas Foster bonbons ... and sections dedicated to cuisines of countries like Greece and Japan. With continued pandemic perturbations and murmurs of a recession ahead, here are some of the trends that emerged: 1. Convenience still conquers all Consumers prioritized both convenience and comfort during the pandemic, and that sentiment continues to grow. Hybrid and remote work has made e-commerce, delivery, and curated assortments an even bigger part of the convenience trend, according to the SFA's most recent State of the Specialty … [Read more...] about How the Pandemic Is Reshaping Food and Beverage Innovation
Southwest Airlines has had a number of great ideas. Free checked bags, flexible tickets, and efficient route planning that kept planes in the sky--and its profit margins as high as possible. Amid the pandemic, it had another brilliant idea. And it's backfired. As competing airlines were downsizing routes and destinations, Southwest decided to expand. Its expansion strategy was a bold move that made it more convenient than ever. By adding new destinations and routes , it was effectively meeting people where they were. But, months later, the bold move is proving to be a bad move, as the airline lacked one major thing every growing business needs: the infrastructure to support its growth . Now, Southwest is in a position no business wants to be in: Its selling point is growing into a pain point, as it increasingly cancels and changes flights. And putting its customers in a position no one wants to be in, facing last-minute trip changes, cancellations, and the … [Read more...] about Southwest Becomes One of America’s Least Reliable Airlines–After One Bright Idea Backfires