Author: Press Room

Poverty was associated with more deaths in the U.S. in 2019 than causes such as firearms, homicides, suicides, drug overdoses, strokes, accidents and more, estimates from a new study show. Now the scholars behind those findings think poverty should be considered a “major risk factor for death in the U.S.,” akin to risk factors like smoking or obesity, according to a research letter published Monday in the Journal of the American Medical Association. “We’re very cautious as a country on spending money on social policies that would fight poverty because we argue it’s expensive,” lead author David Brady, a professor…

The U.S. economy got off to a surprisingly good start in 2023, but growth appears set to falter in the rest of the year as higher interest rates take a big bite. Before the first quarter, many economists were predicting little to no growth. But fueled by an early surge in consumer spending, gross domestic product is forecast to rise 2% or more in the first quarter. The Atlanta Federal Reserve’s GDP tracker, for instance, predicts that the economy likely expanded around 2.5% from January through March. GDP is the official scorecard for the economy. The U.S. economy’s optimal long-run…

© Reuters. Denmark stocks higher at close of trade; OMX Copenhagen 20 up 1.93% Investing.com – Denmark stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Copenhagen, the gained 1.93% to hit a new all time high. The best performers of the session on the were Jyske Bank A/S (CSE:), which rose 5.45% or 26.60 points to trade at 514.80 at the close. Meanwhile, AP Moeller – Maersk A/S B (CSE:) added 4.53% or 580.00 points to end at 13,375.00 and AP Moeller – Maersk A/S A…

By Susanna Twidale, Valerie Volcovici, Simon Jessop and Peter Henderson (Reuters) -The world is failing to cut carbon emissions fast enough to avoid disastrous climate change, a dawning truth that is giving life to a technology that for years has been marginal – pulling carbon dioxide from the air. Leading the charge, the U.S. government has offered $3.5 billion in grants to build the factories that will capture and permanently store the gas – the largest such effort globally to help halt climate change through Direct Air Capture (DAC) and expanded a tax credit to $180/tonne to bolster the burgeoning…

By Alun John LONDON (Reuters) – The euro and pound are being whisked along by a conveyor belt of interest rate hikes in Europe just as U.S. rates near a peak, a reversal of the trends that drove them to multi-decade lows last year. The two currencies have rallied 4-5% against the dollar since March as market ructions triggered by banking stress die down and signs of resilience in Europe’s economies draw investors back. The euro, which traded below $1 in September, a two-decade low, is now worth around $1.10, close to its highest in more than a year. Sterling…

Wall Street fears a recession may be coming. Key indicators including the inverted U.S. yield curve and the U.S. Federal Reserve raising rates aggressively imply a looming recession. However, so far, economic data, and especially employment data, has come in ahead of expectations. If a recession does occur, here are some of the key early signals to watch. Employment Employment is a robust near-term recession tracker. If people lose jobs, they cut back on spending. That reduced spending can trigger a recession. So far U.S. unemployment remains close to historic lows. However, that can change fast with even relatively small…

Key takeaways Investment banking giant Morgan Stanley’s MS Q1 profit plunged by 19% after M&A activity dried up Corporate outfits have struggled with higher interest rates against consumer firms which have seen big profit increases Immediate risk of banking crisis has passed, as all eyes turn to the Fed Another day, another big bank reports its Q1 earnings. This time it’s Morgan Stanley, who rounded off an otherwise upbeat week with a bit of a flat note. Its profits have dipped 19% to $3 billion, beating expectations but sharply down from the highs of 2022 when M&A activity was abundant.…

With housing markets across the United States thrown into an odd limbo due to rising interest rates, dampening demand, but sticky unaffordability, it’s important to try and figure out what exactly is going on on-the-ground. While in past articles we focused on city housing markets, such as the Denver housing market in 2023, here we’re focusing on the Utah housing market, both on the state level and the housing markets of its 20 largest cities. Read on to find out how the Utah housing market is shaping up in 2023. The Utah Housing Market in 2023 Using data sourced from…

A friend called me for advice after getting this message from her dermatologist’s office. “As recommended by the Skin Cancer Foundation, we encourage all patients to schedule an annual skin exam. It has been more than one year since your last one. Please call to us today.” My friend wanted to know whether she should make this appointment. She has reasons for concern. No Medicare coverage but… My friend’s question was, “Will Medicare pay for a skin check?” Unfortunately, Medicare does not cover skin cancer screening in asymptomatic people. In other words, if there are no skin issues, Medicare won’t…

As part of April’s monthlong celebration of financial literacy, you may already be engaged in a variety of efforts to educate clients and prospects about the basics of money management. This month is also a good time to strengthen your relationships with centers of influence in your community. Demonstrating your commitment to helping people figure out how to save more, understand the stock and bond markets and make the best use of additional financial resources like credit cards and insurance can be a great door opener to the other professionals in your town. So, as you’re offering seminars, writing blogs…