August 2024 - Page 12 of 23

24 Aug

Impending U.S. recession unlikely to be avoided with rate cuts, says BCA Research strategist

295Business

BCA Research, a well-known investment analyst firm, warns that a looming U.S. recession is imminent and that the Federal Reserve’s expected rate cuts may not be enough to stem the economic slump. Garry Evans, the chief global asset allocation strategist at BCA Research, told CNBC’s “Squawk Box Asia” that prevailing expectations of a recession are in stark contrast to optimistic market projections. Evans highlighted key indicators of economic decline, particularly a deterioration in the U.S. labor market. Recent data from the U.S. Department of Labor showed the unemployment rate rising to 4.3% in July, the highest since October 2021, along…

23 Aug

The multibillion-dollar startups of 2024: A glimpse into the future of innovation

295Technology

As we move further into 2024, the startup ecosystem continues to thrive, bringing forth innovations that promise to redefine the market landscape. Forbes, in partnership with TrueBridge Capital Partners, recently highlighted the next generation of billion-dollar startups, or “unicorns,” that are poised to dominate their respective industries. Here’s an in-depth look at the emerging giants and the trends shaping their paths. The Billion Dollar Prediction This year, Forbes’ annual forecast identified more than 100 startups that have reached or are on the verge of reaching a billion-dollar valuation. This impressive list includes companies from a variety of industries, including cybersecurity,…

23 Aug

Tim Walz may accept vice presidential nomination at Chicago Democratic Convention

295Politics

Chicago/Washington — Tim Walz, Kamala Harris’s pick for vice president, will formally receive his nomination at the 2024 Democratic National Convention in Chicago later today, amid a tense and decisive phase of the election season. As governor of Minnesota, Walz, who is also a military veteran and a labor union supporter, has been instrumental in pushing a progressive agenda in his state. That includes broad abortion rights and significant support for family assistance programs. On the third night of the convention, an event that will also feature a speech by former President Bill Clinton, Walz will officially take the stage.…

23 Aug

A Voice for Hope: Geri Taylor’s Fight Against Alzheimer’s Disease

295Health

Geri Taylor, a role model of courage in the face of Alzheimer's disease, passed away on August 4, 2024, at the age of 81. A former nurse, Taylor's life took a dramatic turn when she was diagnosed with Alzheimer's in 2012. But instead of succumbing to despair, she embraced transparency and became a powerful advocate for others battling the disease. Taylor’s story gained national attention after a groundbreaking 2016 New York Times profile. The article chronicled her journey, highlighting the challenges and unexpected joys of living with Alzheimer’s. Determined to make a difference, Taylor and her husband Jim embarked on…

23 Aug

Carl Weathers receives posthumous sports entertainment star on Hollywood Walk of Fame

295Entertainment

The late actor and sports personality Carl Weathers will be honored with a Sports Entertainment star at a ceremony on the Hollywood Walk of Fame. The event marks the placement of the 2,787th star and will feature host Sibley Scoles. Las Vegas Raiders owner Mark Davis, who sponsored Weathers' star, will be among the guest speakers. The Hollywood Chamber of Commerce, which manages the Hollywood Walk of Fame for the city of Los Angeles, continues its tradition of honoring notables in entertainment. Since its founding in 1960, this landmark has attracted millions of visitors from around the world. Tribute to…

23 Aug

Former pardoned man arrested in New York on several assault charges

295News

In a recent turn of events, a former New York drug dealer whose 10-year federal sentence was commuted by former President Donald Trump in 2021 has been arrested on domestic violence and assault charges. Court documents reveal that Jonathan Braun, 41, now faces charges in Nassau County Court on Long Island for physically assaulting his 75-year-old father-in-law and his wife. On Tuesday, authorities allege Braun punched his father-in-law twice in the face as the older man tried to defend his daughter. Braun also allegedly pushed his wife out of bed on July 17, causing serious injuries to her legs, and…

23 Aug

NASCAR’s stance on fair play: President Steve Phelps discusses Austin Dillon’s controversial win

295Sports

In a recent turn of events at the Cook Out 400 at Richmond Raceway, Austin Dillon’s actions on the track led to a significant decision by NASCAR. On the climactic final lap of the race, Dillon’s maneuver caused leader Joey Logano to skid, after which he collided with Denny Hamlin, powering to victory. This controversial victory initially secured Dillon a spot in the NASCAR playoffs. However, NASCAR later reevaluated the incident, resulting in Dillon being stripped of his automatic playoff berth. The organization imposed a 25-point deduction and issued a three-race suspension to observer Brandon Benesch. Despite these penalties, Dillon…

23 Aug

Anticipating Powell’s speech at Jackson Hole: policy changes on the horizon

295Business

Jackson Hole, Wyoming — As the financial community eagerly awaits Federal Reserve Chairman Jerome Powell’s speech on Friday, clarity is expected on the anticipated shift in interest rate policy following the Federal Open Market Committee’s landmark two-day meeting in Washington, DC, last July. Market sentiments and forecasts The consensus among market analysts is that the Federal Reserve is poised to begin cutting interest rates as early as September, with continued adjustments likely through the end of the year and into 2025. While the size and timing of these cuts remain points of debate, Powell’s next speech is expected to shed…

23 Aug

Emerging tech giants: EvenUp’s AI-based legal innovations in the spotlight.

295Technology

In the buzzing legal tech space, EvenUp is quickly approaching the milestone of serving 1,000 clients with its pioneering AI-powered tools aimed at streamlining the workload of personal injury lawyers. The startup is leveraging AI to speed up the creation of demand letters, key documents that propose settlement amounts in legal disputes. Raymond Mieszaniec, COO and co-founder of EvenUprecalls a touching personal story that sparked the initiative. His father, tragically underpaid after a serious car accident due to inadequate legal advice, planted the first seeds for this innovative service. This experience inspired Mieszaniec to join forces with Rami Karabibar, a…

23 Aug

Biden passes torch to Harris amid emotional convention in Chicago

295Politics

Chicago, United States — On an emotional night at the Democratic National Convention, President Joe Biden took the stage to wholeheartedly endorse Vice President Kamala Harris as the next leader of the Democratic Party. His endorsement came amid rapturous applause and marked a significant moment, symbolizing a passing of the torch. At 81, Biden received a warm reception, signaling a collective relief within the party following his decision not to seek reelection. This strategic move early in the convention in Chicago was intended to honor Biden and push Harris into a direct competition with Republican Donald Trump, whose campaign has…