The incident involving the faulty Starliner capsule from Boeing that led to two NASA astronauts being stranded on the International Space Station is nothing short of a major setback for both companies. After a series of glitches with Starliner’s propulsion system, NASA deemed it too risky for the astronauts to return home on the capsule
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The paper presented by academics at a central bank research conference emphasizes the significant role that Federal Reserve holdings of mortgage bonds play in influencing the economy’s momentum. This role is crucial in how monetary policy affects various aspects of the economy. The Fed’s use of increases and contractions in its holdings of Treasury and
In recent news, the Canada Industrial Relations Board has ordered a halt to work stoppages at the country’s largest railways, Canadian National Railway (CNR) and Canadian Pacific (CPKC) Kansas City, to put an end to the unprecedented service disruption. This decision comes after Canada requested the intervention of the labor tribunal to resolve an impasse
The S&P 500 showed signs of recovery after a weak Thursday close, with subtle clues indicating that interest rate sensitive plays were set to outperform largecaps. This insight was shared with clients, hinting at a strong week ahead. The lack of protest from rates and growing confidence in a soft landing contributed to this shift.
Travelers who have serious delinquent tax debts exceeding $62,000 may face significant travel restrictions imposed by the federal government. The IRS and Treasury Department are required by law to notify the State Department of individuals with such tax liabilities. Once this notification is made, the State Department may refuse to issue a new passport or
Turkish banks are facing significant challenges as the country navigates through its economic turnaround. The Chief Executive Officer of Isbank, Hakan Aran, has warned that these challenges will persist well into the next year. The Turkish banking sector is under pressure due to tightening measures by the government to tackle soaring inflation and ensure price
Pavel Durov, the billionaire founder and CEO of the Telegram messaging app, was reportedly arrested at the Bourget airport outside Paris. The investigation that led to his arrest was said to be focused on a lack of moderators on Telegram, which allowed criminal activity to thrive on the platform. These allegations have raised concerns about
The industrial profit figures from China, set to be released on Tuesday, August 27, are expected to play a significant role in influencing buyer demand for the Australian dollar. Economists are predicting a slight decrease in industrial profits by 0.2% year-on-year. Such a decline may indicate a weakening demand environment, which could have a negative
Prime Minister Keir Starmer is facing a tough challenge as he tries to fix the many deep-rooted problems facing the United Kingdom. He acknowledges that change will not happen overnight and that tough decisions need to be made to tackle issues such as overflowing prisons and long waiting lists for health services. In a speech
In a shocking turn of events, Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was arrested at the Bourget airport in Paris. This incident, reported by TF1 TV and BFM TV, has left many wondering about the circumstances surrounding Durov’s arrest. Telegram, known for its influence in Russia, Ukraine, and
The recent volatility in the global financial markets has caught the attention of Brazil’s central bank chief, Roberto Campos Neto. He pointed out that the market may be pricing in less room for fiscal and monetary intervention in the future. This is a significant concern as it suggests that the market expects tighter policy measures
In light of the upcoming Federal Reserve’s interest rate decision in September, there has been a noticeable shift towards dividend stocks among investors. Paul Baiocchi of SS&C ALPS Advisors has expressed his belief that this is a wise move, particularly due to his prediction of the Fed easing rates. This change in investment strategy is