Inflation fears have led hedge funds to make significant changes to their investment portfolios, with many opting to ditch gold and increase their bearish bets in silver, a recent report reveals.
Mortgage rates have recently climbed to 7% after several years of historically low rates, causing concern among homeowners and prospective buyers. The increase is likely due to a combination of rising inflation, stronger economic growth, and the Federal Reserve’s plans to tighten monetary policy.
Crime rates in San Francisco have been a topic of discussion for many years. However, unlike many other cities, people in San Francisco do not seem to fear the criminal consequences that come with committing a crime.
US indices and gold prices recovered losses last week after US inflation fears spooked markets. The S&P 500, Dow Jones Industrial Average, and Nasdaq all bounced back after posting losses earlier in the week. Gold prices also rallied, climbing above $1,800 per ounce as investors sought safe-haven assets amid market uncertainty.
*Beijing* – China’s consumer prices have experienced a sharp decline at the fastest rate in the past 15 years, intensifying worries of a deflationary spiral in the world’s second-largest economy.
**California automaker considers restructuring as sales slump amid economic downturn**
The recent financial reports of major banks have sparked concerns about the stability of the US commercial property market. Several financial institutions have announced significant losses related to loans and investments in this sector, raising questions about the potential risks that lie ahead.
Artificial Intelligence (AI) has become the talking point among global elites, as a newfound fear emerges regarding its potential impact on society. The rapid advancements in AI technology have left many influential individuals concerned about its ramifications for the future.
A recent survey conducted among CEOs from various industries has revealed a growing concern about the future viability of their companies. The survey, which focused on the challenges posed by advances in artificial intelligence (AI) and the urgency to address climate change, painted a grim picture of the business landscape. With these challenges looming, CEOs are feeling the pressure to adapt and innovate in order to ensure their companies’ survival.
The well-known infant formula brand, Nutramigen, has issued a voluntary recall of several of its products amidst concerns of potential contamination with dangerous bacteria. Parents and caregivers are urged to immediately stop using the affected formulas and return them to the place of purchase for a refund.
