Author: Press Room

Fears for the safety of hundreds of thousands of vulnerable people in path of potentially devastating storm.Thousands of people in Myanmar and Bangladesh are getting ready to evacuate ahead of Cyclone Mocha, which is expected to bring winds as fast as 175km an hour (108 mph) when it makes landfall on Sunday. The storm is currently in the Bay of Bengal and moving northwards. It is expected to cross the coast between Sittwe in Myanmar’s northwestern Rakhine state and Cox’s Bazar in Bangladesh. Authorities have warned of the danger of flooding, landslides and a storm surge of between 2 and…

“All of us who work in Democratic politics have been dreading this moment for two years,” said Lanae Erickson, who runs the public opinion and social policy division at Third Way, a centrist Democratic think tank. “It is very evident that Republicans still have an upper hand on immigration and people don’t think that Democrats particularly care about securing the border.”Progressives seem to agree. “They should have undone Title 42 on the first day in office. They didn’t,” said Chris Newman, the legal director of the National Day Laborer Organizing Network, a nonprofit advocacy group based in Los Angeles. “Now…

Biden administration rules released on Friday that will determine which companies and manufacturers can benefit from new solar industry tax credits are being criticized by U.S.-based makers of solar products, who say the guidelines do not go far enough to try to lure manufacturing back from China.The rules stem from President Biden’s sweeping clean energy bill, which offers a mix of tax credits and other incentives to try and spur the construction of more solar factories in the United States and reduce the country’s reliance on China for clean energy goods needed to mitigate climate change.The Treasury Department, in guidance…

There’s reason to believe that the S&P 500 could push a bit further to the upside in the coming months, says Barry Gilbert – Asset Allocation Strategist at LPL Financial. Why is he constructive on S&P 500? Gilbert continues to rate U.S. stocks a “modest overweight” following the latest inflation data that suggests consumer prices eased further to 4.9% in April (read more). Historically, he said in a note obtained by Invezz, market tends to do well when inflation is trending down. S&P 500 returns fared better in the year following peak inflation than in the year prior. For markets,…

Are mainstream investors ready for disaster? With the clock ticking close to a US government debt default described by Treasury secretary Janet Yellen as an “unthinkable” move with “dreadful consequences”, we could be about to find out.For specialist hedge fund managers who make money only in the event of calamities such as financial crises and pandemics, bracing for the worst is pretty easy: just keep picking up options and other instruments on the cheap that provide a hedge against sudden price falls. Then when the nightmare scenario strikes, count your billions and slap on your best suit to go on…

The writer is a former investment banker and author of ‘Power Failure: The Rise and Fall of an American Icon’Once upon a time, if you wanted high pay and high prestige on Wall Street, you aspired to be a mergers and acquisitions banker, the person who advised corporate chief executives on their most important strategic deals. And if you wanted the highest pay and the highest prestige, you aspired to be an M&A banker at groups such as Goldman Sachs, Morgan Stanley, Lazard and First Boston, the places where the biggest and most exciting M&A deals were happening. In those…

Source / yPredictThe yPredict presale is garnering much interest from crypto investors. The token offers a unique approach as it supports AI-powered trading and market intelligence. The project is powered by its native token YPRED, whose presale is underway.yPredict Presale Enters the Fifth StagePresales have historically provided crypto investors an opportunity to make significant returns. yPredict is one of the most crucial presales of 2023 as the project has robust fundamentals, making it a good investment for both the short and long term.The presale has entered the fifth stage, raising over $930,000. The price has been gradually increasing since the first…

The NewsThe Food and Drug Administration on Friday approved the first nonhormonal medication to treat hot flashes in menopausal women, offering a potential remedy for the symptoms of overheating of the upper body and sweating that can be disruptive to daily life for years.The drug, to be marketed as Veozah, is the first to target a neuron in the brain that becomes unbalanced as estrogen levels fall. It would typically be prescribed for women in their 50s during the menopausal phase estimated to last seven years, according to Marci English, a vice president of Astellas Pharma, the maker of the…

Market Movers rounded up the best reactions from investors and analysts on Tesla after Elon Musk announced Twitter’s new CEO. The experts, including Jim Cramer , discussed the electric vehicle maker’s stock which initially popped on the news. Shareholders have been concerned that Musk was too distracted with his purchase of Twitter, and possibly neglecting his duties at Tesla, while serving as chief executive of both companies. Former NBCUniversal advertising chief Linda Yaccarino has been chosen as Twitter’s next CEO, Musk confirmed in a tweet . In an earlier tweet, Musk said that the new CEO is expected to start…

Pope John Paul II was shot and nearly killed on this day in history, May 13, 1981. During his regularly scheduled Wednesday General Audience in St. Peter’s Square, the pope was shot by Turkish gunman Mehmet Ali Ağca. Ali Ağca fired a total of four times. Two bullets hit Pope John Paul II in the abdomen and left hand, and the pontiff immediately collapsed, according to the History Channel.ON THIS DAY IN HISTORY, APRIL 2, 2005, POPE JOHN PAUL II DIES AT AGE 84Two others, a 60-year-old American woman named Ann Odre and a 21-year-old Jamaican woman named Rose Hill, were injured by…