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A dentist has revealed that dating a first born daughter is by far one of the best decisions you can make as a man.
He said dating a first born daughter is by far one of the best decisions you can make as a man.
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A man who has the gift of prophecy has recounted his encounter with a lady who wore waist beads to visit him in his house.
He said a girl once visited him and he felt something negative is around so he just activated his chakras
She entered his room with her waist beads and immediately his light bulb sp@rked and went off and the 3 beads cut immediately and fell on the floor noisily. She blocked him after the incident.
A lady has written about how a 32-year-old man and father-of-two (firstborn of his family) is treating his parents who went above and beyond to send him to the UK.
She said he was a 32yrs old man with 2 kids, his parents tried all their best to push him to UK after several attempt, he got to UK for almost a year and you still keep calling his parents to send him money and always crying about how tough UK is.
He know the mum is hypersensitive and keep calling to thr£@ten her that he’ll come back home, he rented a big apartment, he said he couldn’t get himself a smaller one, now he called again to request 4million and also lied that your flatmate has been paying house bills on his behalf and now he has to pay her 4million, he didn’t allow nobody speak with her, now his hypertensive mum is running left and right because of him, he was looking for every means possible to strip his family n@ked, he made desperate decisions because of money, but
Please if you don’t need these people as your family, leave them alone and stop adding salt to their wounds.
Starting in 2022, around the time the Federal Reserve began raising interest rates to combat surging inflation, a new paradigm took hold on Wall Street: “Bad data” was good news.
The U.S. economy was growing at an annual rate of nearly 7% at the end of 2021, its fastest pace in two decades—excluding the Covid-induced 33% jump in Q3 2020. U.S. consumers, the engine of the U.S. economy, were spending hand over fist as they came out of Covid lockdowns flush with savings.
But the economic boom was a double-edged sword. From January to December 2021, the annual inflation rate climbed from 1.4% to 7%. It would continue to rise before peaking in June 2022 at 9.1%, its highest since the 1980s.
The Federal Reserve homed in on inflation and, in March 2022, began its most aggressive campaign of interest rate hikes in decades as it sought to keep the U.S. economy from boiling over.
The Fed’s focus could be singular, despite a Congressional mandate to manage both inflation and unemployment, because of a historically tight labor market.
Hiring ground to a halt in March 2020 as Covid-19 shuttered businesses and closed offices across the country. But as the economy recovered and rock bottom interest rates stimulated growth, companies went on a hiring spree. Employers added an average of 603,000 jobs a month in 2021, reducing the unemployment rate from 6.4% in January to 3.9% in December. And yet in March 2022, there were still more than 12 million job openings in the U.S., nearly double the pre-pandemic level.
The labor market remained abnormally tight throughout 2022 and 2023, keeping wage growth well above the pre-pandemic average and subsequently supporting consumer spending and growth.
And so for a while, evidence of a weakening job market and slowing economy was good news for the Fed and markets, because inflation was the Fed's biggest risk.
That has all changed in recent weeks.
Stocks had their worst day since 2022 in early August after July’s jobs report showed a surprising jump in the unemployment rate, raising fears that the labor market had not just softened but deteriorated and that the economy was on track to slip into recession. Just days later, initial jobless claims came in lower than forecast and stocks had their best day since 2022.
Inflation has taken a back seat to other economic data points. The S&P 500 earlier this month had its biggest reaction to growth data since 2020, according to a recent report from Bank of America Securities. Meanwhile, the index’s response to inflation data was its most muted since January.
“Growth,” BofA analysts concluded, “is in the driver’s seat.”
And strong growth has stopped scaring markets, as reflected in the below visualization by LPL Financial strategists Adam Turnquist and George Smith, who charted the correlation between the S&P 500 and the Bloomberg U.S. Economic Surprise Index. A positive correlation, they note, implies that good economic news is good news on Wall Street, while a negative correlation implies the opposite.
The two have oscillated between negative and positive correlation over the last year, though they have spent more time negatively correlated. The negative correlation at its most severe has also been greater than the positive correlation at its most severe.
The correlation turned positive in early August in what could be a sign, Turnquist and Smith write, that “investors may no longer be giving the economy the benefit of the doubt.”
The Fed also has stopped giving the economy the benefit of the doubt. “The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks,” the Federal Open Market Committee’s June policy statement read. In July, that sentence became: “The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate.”
The minutes of the Fed’s July meeting, released on Wednesday, indicated officials were increasingly concerned with the state of the labor market. According to those minutes, “Participants saw risks to achieving the inflation and employment objectives as continuing to move into better balance, with a couple noting that they viewed these risks as more or less balanced.”
On Friday, in an eagerly anticipated speech at the Fed's annual Jackson Hole Economic Policy Symposium, Fed Chair Jerome Powell said, "The upside risks to inflation have diminished. And the downside risks to employment have increased." As a result, "The time has come for policy to adjust," Powell said, noting that pace of monetary easing would depend on incoming data.
Wall Street has been eagerly awaiting interest rate cuts for most of this year. But now that those cuts finally appear imminent, they may also feel ominous.
“Does the market really want the Fed to cut interest rates because they’re worried about the labor market?” asked Quincy Krosby, Chief Global Strategist at LPL Financial. To a certain extent, yes, “because what the market doesn't want is the Fed to neglect that—just see deterioration in the labor market and do nothing about it.”
“But,” she added, “it also then suggests that the economy is slowing at a faster pace” than the market thought.
What markets really want, BofA analysts argue, is reassurance that the central bank won’t sacrifice economic expansion to tame inflation. “Equities just need a nod that growth is going to be supported by the Fed,” they wrote.
Whether the Fed accommodates will depend, in Chair Powell’s words, on “the totality of the data.” And there’s a lot of data—two separate inflation reports and the August jobs report—between now and the Fed’s next meeting on September 18.
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CrowdStrike (CRWD) will release its second-quarter results for fiscal 2025 after the bell on Wednesday, Aug. 28, its first earnings report since a faulty software update it launched caused a global outage, with investors looking to gauge the impact of the incident.
Analysts expect revenue to grow to $957.6 million from $731.63 million a year ago, according to estimates compiled by Visible Alpha. Net income is projected to be $49.42 million, or 20 cents per share, a jump from the year-ago period.
CrowdStrike could update its fiscal 2025 revenue guidance, giving investors greater insight into the near-term impact of the July global outage on sales.
Citi analysts said that CrowdStrike won't come out of the incident "unscathed" given higher discounts, lower negotiating leverage, and litigation costs it now faces. However, the analysts did say that they believe the company "can gradually overcome unavoidable headwinds" in the long term.
Analysts expect the full-year fiscal 2025 revenue outlook to be about $3.96 billion, according to consensus estimates compiled by Visible Alpha, which would be slightly below the low end of the company's previously provided guidance of between $3.98 billion and $4.01 billion, issued in early June before the global outage.
CrowdStrike could face legal action from customers affected by the outage, with some estimates indicating it could cost the affected companies several billion dollars in losses.
Delta Air Lines (DAL), which said the incident cost the airline at least $500 million, has threatened legal action against CrowdStrike. However, the cybersecurity company and Microsoft (MSFT) have disputed Delta's claims on how the events unfolded.
CrowdStrike may provide updates about the potential litigation and its expectations for legal costs when it reports earnings Aug. 28.
CrowdStrike shares have gained about 6.4% since the start of the year, at $271.54 as of Friday's close.
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