Econobits.com

Thursday, October 31, 2024

Key Fed inflation gauge shows price increases match expectations in September

https://finance.yahoo.com/news/key-fed-inflation-gauge-shows-price-increases-match-expectations-in-september-123234483.html

California voters consider controversial vacation homes tax in iconic Lake Tahoe area

https://apnews.com/article/empty-homes-tax-lake-tahoe-797867b9efda7f26cc8ae9dc99812686

1st US case of bird flu in a pig raises concerns over potential human threat

https://apnews.com/article/bird-flu-pig-oregon-1f340a8f8c781e20478cbddabd2d9e18

A radical idea to solve inflation from a radical former Fed pick

https://www.cnn.com/2024/10/31/business/inflation-trump-fed-judy-shelton/index.html

US Manufacturing Boom: Reshoring Could Add $10 Trillion in Value

https://www.businessinsider.com/us-manufacturing-production-boom-economy-made-in-america-trade-war-2024-10

Wednesday, October 30, 2024

U.S. economy grew 2.8% last quarter, powered by consumer spending

https://www.cbsnews.com/news/us-gdp-2024-third-quarter-consumer-spending/

5 reasons Gmail isn’t the best email client anymore

https://www.xda-developers.com/5-reasons-gmail-isnt-the-best-email-client-anymore/

Mycoplasma pneumonia cases are spiking across the U.S., especially in kids

https://www.npr.org/sections/shots-health-news/2024/10/29/nx-s1-5162531/mycoplasma-pneumonia-kids-health

Citizens Energy Group customers to get lead service line info letters

https://fox59.com/indiana-news/citizens-energy-group-customers-to-get-lead-service-line-info-letters/

Tuesday, October 29, 2024

Some ER patients are half as likely to receive IV fluids since disruptions from Hurricane Helene

https://www.cnn.com/2024/10/29/health/iv-fluids-administered-less-emergency-department-hurricane-helene/index.html

China sharpens edge in global trade with zero-tariff deal for developing world

https://www.scmp.com/economy/global-economy/article/3284329/china-sharpens-edge-global-trade-zero-tariff-deal-developing-world

Whooping cough outbreak at University of Cincinnati: What we know

https://www.cincinnati.com/story/news/education/2024/10/28/pertussis-outbreak-at-university-of-cincinnati-what-we-know/75892570007/

Biden Announces Proposes Rule To Require Insurers To Pay For Contraceptives Under Affordable Care Act

https://upolitics.com/news/biden-announces-proposes-rule-to-require-insurers-to-pay-for-contraceptives-under-affordable-care-act/

Panic in space as ISS astronauts warned over evacuation after leak

https://www.the-express.com/news/space-news/152947/panic-space-iss-astronauts-warned

IMF Europe head: 'No productive economy’ in Germany without structural change

https://fortune.com/europe/2024/10/29/imf-germany-economy-structural-change/

Monday, October 28, 2024

Concerns about medical note-taking tool raised after researcher discovers it invents things no one said — Nabla is powered by OpenAI's Whisper

https://www.tomshardware.com/tech-industry/artificial-intelligence/concerns-about-medical-note-taking-tool-raised-after-researcher-discovers-it-invents-things-no-one-said-nabla-is-powered-by-openais-whisper

Cut or pause? 2 critical reports will determine what Fed does in November.

https://finance.yahoo.com/news/cut-or-pause-2-critical-reports-will-determine-what-fed-does-in-november-090014786.html

Pakistan begins another vaccination campaign after a worrying surge in polio cases

https://apnews.com/article/pakistan-polio-vaccination-campaign-12507014e31c5b233d62f8dc1c787c87

Teens are picking colleges based on how great the campus looks on TikTok

https://www.fastcompany.com/91217070/teens-are-picking-colleges-based-on-how-great-the-campus-looks-on-tiktok

Oil Prices Tumble As Iran Fears Ease, Yen Weakens After Japan Polls

https://www.latintimes.com/oil-prices-tumble-iran-fears-ease-yen-weakens-after-japan-polls-563679

Sunday, October 27, 2024

This ‘Flooring Approach’ to Retirement Income Is Popular for the Stability It Promises — but Here’s Why Boring Isn’t Always Best for American Retirees

https://moneywise.com/a/ch-synd/this-flooring-approach-to-retirement-income-is-popular-for-the-stability

North Dakota voters may end most property taxes. Government programs could face huge cuts

https://apnews.com/article/north-dakota-property-tax-election-ballot-measure-8cfb4588f2b066347fef44ceab7865d6

China’s Gen Z seeks solace through ‘emotional consumption’

https://www.scmp.com/economy/china-economy/article/3283909/chinas-gen-z-seeks-solace-through-emotional-consumption

Professor says eat more of freezer 'health food' to fight inflammation - Mirror Online

https://www.mirror.co.uk/news/health/tim-spector-says-eat-more-33960987

Saturday, October 26, 2024

NASA astronaut hospitalized after return from space station

https://www.reuters.com/technology/space/us-russian-iss-astronauts-medical-facility-after-spacex-crew-dragon-splashdown-2024-10-25/

It may be a running joke that Microsoft Edge is only used to download Google Chrome, but the real pro move is far better than that

https://www.windowscentral.com/software-apps/use-windows-package-manager-not-microsoft-edge-to-download-google-chrome

Goldman Sachs Warns About Aluminum Shortages, Australia Echoes 'We Don't Want It To Become New Nickel'

https://www.benzinga.com/news/24/10/41547385/goldman-sachs-warns-about-aluminum-shortages-australia-echoes-we-dont-want-it-to-become-new-nickel

Cuba fears total collapse amid grid failure and financial crisis: ‘There is no money’

https://www.theguardian.com/world/2024/oct/26/cuba-power-grid-failure-financial-crisis

Friday, October 25, 2024

Nevada lithium mine approved by Biden administration after long environmental review

https://www.washingtonexaminer.com/policy/energy-and-environment/3202356/nevada-lithium-mine-approved-lengthy-environmental-review/

US applications for jobless benefits fall, but continuing claims rise to highest level since 2021

https://apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-529340624cf272ba6030b8070264d920

China, Brics bloc not ready to reject US dollar despite Russian entreaties

https://www.scmp.com/economy/global-economy/article/3283877/china-brics-bloc-not-ready-reject-us-dollar-despite-russian-entreaties

Pneumococcal vaccine recommended age lowered to 50 from 65, CDC says

https://www.npr.org/2024/10/24/nx-s1-5163216/pneumonia-vaccine-recommendation-50-cdc

NASA’s Crew-8 splashes down on SpaceX capsule

https://www.npr.org/2024/10/25/nx-s1-5162153/nasa-spacex-crew-8-splashdown

Thursday, October 24, 2024

30-Year Treasury Yield Tops 4.50%, Raising Red Flags For Markets: 'Bond Vigilantes Are Voting Early,' Says Veteran Investor

https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41502146/30-year-treasury-yield-tops-4-50-raising-red-flags-for-markets-bond-vigilantes-are-

Asian Traders Struggle After Wall St Losses As US Yields Spike

https://www.latintimes.com/asian-traders-struggle-after-wall-st-losses-us-yields-spike-563344

Wednesday, October 23, 2024

Central bankers say mBridge multi-country digital currency platform is worth the effort

https://www.scmp.com/business/banking-finance/article/3283528/central-bankers-say-mbridge-multi-country-digital-currency-platform-worth-effort

Why does China punish foreigners for taking drugs in other countries (even where it’s legal)?

https://www.scmp.com/news/china/politics/article/3283565/why-does-china-punish-foreigners-taking-drugs-other-places-even-where-its-legal

Tuesday, October 22, 2024

Target is cutting prices on 2,000 items ahead of the holiday shopping season

https://www.cnn.com/2024/10/22/business/target-price-cuts/index.html

Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders

https://apnews.com/article/imf-world-bank-yellen-global-finance-bd58fde32b3717190429cb439767cddd

National shortage forcing Indiana hospitals to conserve IV fluids

https://fox59.com/news/national-shortage-forcing-indiana-hospitals-to-conserve-iv-fluids/

Monday, October 21, 2024

Fed President Says Crypto 'Almost Never' Used Outside of Drug Deals, Illegal Activities

https://decrypt.co/287542/fed-president-crypto-drug-deals-illegal-activities

US Economy Eyes 3.4% Growth In Q3: Is Soft Landing Turning Into Reacceleration?

https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41434510/us-economy-eyes-3-4-growth-in-q3-is-a-soft-landing-turning-into-a-reacceleration

S&P 500 returns will plummet to 3 % in the next decade, Goldman Sachs says

https://qz.com/sp-500-returns-annualized-decade-goldman-sachs-1851677180

X changed its terms of service to let its AI train on everyone’s posts. Now users are up in arms

https://www.cnn.com/2024/10/21/tech/x-twitter-terms-of-service/index.html

Sunday, October 20, 2024

America's New Economic Supercycle: Growth, Prices, and Investment

https://www.businessinsider.com/america-new-economic-supercycle-growth-inflation-stock-market-global-chaos-2024-10

The idea of burying wood to store carbon is so simple it almost sounds absurd. But is it?

https://www.anthropocenemagazine.org/2024/10/the-idea-of-a-burying-wood-to-store-carbon-is-so-simple-it-almost-sounds-absurd-but-is-it/

War tensions rise as North Korean troops in Ukraine crosses a 'red line' for US and NATO - Irish Star

https://www.irishstar.com/news/us-news/war-world-iii-brink-north-33928514

Saturday, October 19, 2024

US Treasury Taps Machine Learning AI To Recover $4 Billion In Fraud

https://www.latintimes.com/us-treasury-taps-machine-learning-ai-recover-4-billion-fraud-562639

How to write smarter prompts in Gemini AI — 7 tips that get results

https://www.tomsguide.com/ai/how-to-write-smarter-prompts-in-gemini-7-tips-that-get-results

Economist Who Called '08 Recession Warns Stocks in 'Mega-Bubble'

https://www.businessinsider.com/stock-market-crash-economist-who-called-2008-recession-mega-bubble-2024-10

Increased popularity of standby generators stressing gas

https://www.audacy.com/wwl/news/local/increased-popularity-of-standby-generators-stressing-gas

Friday, October 18, 2024

What's next for the consumer revolution in health care?

https://thefulcrum.us/media-technology/ai-in-health-care-2669410464

FCC mandates all mobile phones in the US to be compatible with hearing aids

https://www.androidauthority.com/fcc-mobile-phones-hearing-aid-compatibility-3491793/

Homeowners outraged after major insurance company announces it won't renew nearly 1,300 policies — here's what you need to know

https://www.thecooldown.com/green-business/insurance-crisis-homeowners-farmers-renew/

A 'silver tsunami:' How a wave of new retirees could strain the labor market

https://www.scrippsnews.com/business/jobs-employment/economic-expert-warns-of-silver-tsunami-new-retirees-could-strain-the-labor-market

Thursday, October 17, 2024

Former FDIC Chief Warns Federal Reserve To 'Not Stir The Pot' With Further Rate Cuts

https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41376158/former-fdic-chief-warns-federal-reserve-to-not-stir-the-pot-with-further-rate-cuts-

China pumps half a trillion dollars into beleaguered property sector. But that’s not enough

https://www.cnn.com/2024/10/17/business/china-economy-housing-loans-hnk-intl/index.html

Ditch the Standing Desk - Just Standing More Probably Won't Help Your Heart

https://www.healthday.com/health-news/cardiovascular-diseases/just-standing-more-probably-wont-help-your-heart

The FTC just announced its final 'click-to-cancel' rules to make cancelling as easy as signing up

https://www.androidpolice.com/ftc-click-to-cancel/

AI image generator shoot-out: I tested ChatGPT vs Gemini vs Meta AI to crown a winner

https://www.tomsguide.com/ai/ai-image-generator-shoot-out-i-tested-chatgpt-vs-gemini-vs-meta-ai-to-crown-a-winner

Xi Jinping calls for China and US to be partners and friends amid soaring tensions

https://www.tag24.com/world/china/xi-jinping-calls-for-china-and-us-to-be-partners-and-friends-amid-soaring-tensions-3326582

Wednesday, October 16, 2024

Dave Ramsey: Claiming Social Security At 62 Can Return More Than Waiting Until 70—If You Invest It All

https://www.ibtimes.co.uk/dave-ramsey-claiming-social-security-62-can-return-more-waiting-until-70if-you-invest-it-all-1727620

Ignore the word ‘tariff’ — Trump is pitching higher taxes - It's Econ 101

https://www.cnn.com/2024/10/16/business/tariff-tax-trump-nightcap/index.html

As IV shortage continues after hurricane, U.S. invokes wartime power to speed recovery

https://www.cbsnews.com/news/iv-shortage-hurricane-defense-production-act/

Doctors Are Switching To A Subscription-Based Model Amid Soaring U.S. Healthcare Costs

https://www.blackenterprise.com/doctors-subscription-based-model-healthcare-costs/

Tuesday, October 15, 2024

Walgreens to close 1,200 US stores in an attempt to steady operations at home

https://apnews.com/article/walgreens-closing-drugstores-fiscal-fourth-quarter-5df931861e1e4111eaa5ef2372ec173a

Voters in California and Nevada consider ban on forced labor aimed at protecting prisoners

https://apnews.com/article/california-nevada-forced-labor-slavery-ban-measure-43253e64726ced58050eeb2e553b6708

68 Percent of Economists Surveyed By Wall Street Journal Deem Trump Worse For Inflation Than Harris

https://www.mediaite.com/election-2024/nearly-7-out-of-10-economists-surveyed-by-wall-street-journal-deem-trump-worse-for-inflation-than-harris/

Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars

https://www.cnn.com/2024/10/15/investing/boeing-cash-crisis/index.html

Boeing's Strike Is so Bad That the US Labor Secretary Flew in to Help

https://www.businessinsider.com/boeing-strike-us-labor-secretary-traveled-julie-su-negotiate-union-2024-10

Monday, October 14, 2024

The Type Of Bread That Has More Protein Than An Egg

https://www.healthdigest.com/1685052/sprouted-bread-more-protein-than-egg/

Nobel economics prize is awarded for research into how poor institutions affect countries’ success

https://apnews.com/article/nobel-economics-prize-db3bfe55ac17dd22cf82f1dd637bfa94

Trump suggests tariffs higher than 200% on vehicles from Mexico

https://www.reuters.com/world/us/trump-suggests-tariffs-higher-than-200-vehicles-mexico-2024-10-13/

Sunday, October 13, 2024

How Trump’s tariffs would work in three charts

https://www.cnn.com/2024/10/13/politics/donald-trump-tariffs/index.html

Boeing will lay off 10% of employees amid a factory workers' strike

https://www.npr.org/2024/10/11/nx-s1-5150759/boeing-layoffs-machinists-strike

Saturday, October 12, 2024

Snack company Triscuit overhauls major problem with iconic crackers — here's what's new in the box

https://www.thecooldown.com/green-business/triscuit-plastic-packaging-recycled/

Fed officials signal more rate cuts, Bostic open to a skip

https://www.reuters.com/markets/rates-bonds/fed-seen-delivering-25-bps-cut-next-month-after-inflation-data-2024-10-10/

Undocumented Workers Aren’t Raising Home Prices. Undocumented Cash Is.

https://www.politico.com/news/magazine/2024/10/12/undocumented-workers-home-prices-00183126

Scientists sound the alarm over 'repercussions' of bitcoin investments — here's why its so concerning

https://www.thecooldown.com/green-tech/cryptocurrency-environmental-impact-carbon-footprint-mining/

Friday, October 11, 2024

Florida’s home insurer of last resort is in serious trouble. Will Milton put it over the edge?

https://www.cnn.com/2024/10/11/business/citizens-insurance-hurricane-milton/index.html

Bayer must pay $78 million in latest Roundup cancer trial, jury finds

https://www.reuters.com/legal/bayer-must-pay-78-mln-latest-roundup-cancer-trial-jury-finds-2024-10-10/

U.S. whooping cough outbreak is the worst in a decade: NPR

https://www.npr.org/2024/10/10/nx-s1-5127422/whooping-cough-outbreak-u-s-seattle

Thursday, October 10, 2024

WTO Says Outlook for Goods Trade Is Clouding Amid Mounting Risks

https://www.bloomberg.com/news/articles/2024-10-10/wto-says-outlook-for-goods-trade-is-clouding-amid-mounting-risks

Wednesday, October 9, 2024

Someone reinvented the toilet so that you can do your business anywhere

https://www.foxnews.com/tech/someone-reinvented-toilet-so-you-can-do-your-business-anywhere

Real Estate CEO Warns: California & Florida Home Prices Set For Big Drop As Inventory Surges

https://www.benzinga.com/real-estate/24/10/41247244/real-estate-ceo-warns-california-florida-home-prices-set-for-big-drop-as-inventory-surges

McDonald's claims beef suppliers including Tyson fixed prices in explosive antitrust suit

https://nypost.com/2024/10/08/business/mcdonalds-claims-beef-suppliers-including-tyson-fixed-prices-in-explosive-antitrust-suit/

A supply crunch means old homes are now nearly as expensive as new builds

https://finance.yahoo.com/news/a-supply-crunch-means-old-homes-are-now-nearly-as-expensive-as-new-builds-090039424.html

Tuesday, October 8, 2024

Housing Market 'Out of Whack,' Says Reventure CEO: Home Values Still 4.6x Income, Worse Than 2006 Bubble

https://www.benzinga.com/real-estate/24/10/41225090/housing-market-out-of-whack-says-reventure-ceo-home-values-still-4-6x-income-worse-than-2006-bubble

Monday, October 7, 2024

CDC to screen travelers for Marburg, as outbreak of Ebola-like disease grows

https://www.cbsnews.com/news/traveler-screenings-marburg/

Good news: The ‘hard landing’ forecasters got it wrong

https://www.cnn.com/2024/10/07/business/us-economy-hard-landing/index.html

New highly contagious Covid variant XEC on track to become most dominant in UK

https://www.mirror.co.uk/news/health/new-highly-contagious-covid-variant-33835599

One possible housing crisis solution? A new kind of public housing for all income levels

https://www.npr.org/2024/10/07/nx-s1-5119633/housing-crisis-solution-public-housing-mixed-income-maryland

Sunday, October 6, 2024

Governor signs controversial new law effectively banning animal entertainment: 'Poor living conditions and stressful environments'

https://www.thecooldown.com/green-business/ban-on-circus-animal-use-in-massachusetts/

Saturday, October 5, 2024

US to double bird flu vaccine stockpile as H5N1 infections rise

https://www.usatoday.com/story/news/health/2024/10/04/emergency-bird-flu-vaccines-stockpile-h5n1-infection/75511111007/

Here are all the winners in the port strike deal

https://www.cnn.com/2024/10/05/business/port-strike-deal-winners/index.html

Biden says small business disaster loan program will soon run out of money

https://www.npr.org/2024/10/04/nx-s1-5140667/hurricane-helene-loans-biden-kamala-harris-trump

Friday, October 4, 2024

Manufacturer unveils game-changing home battery system with impressive life span: 'Sets new standards'

https://www.thecooldown.com/green-tech/ampere-storage-pro-home-battery-germany/

Jobs report blows past expectations, showing hiring surge

https://abcnews.go.com/Business/jobs-report-offer-economic-snapshot-weeks-election-day/story?id=114458857

Bank of America to open more than 165 new branches by end of 2026

https://www.reuters.com/business/finance/bank-america-open-more-than-165-new-branches-by-end-2026-2024-09-23/

Dairy workers in California infected with bird flu amid ongoing US outbreak

https://www.euronews.com/health/2024/10/04/dairy-workers-in-california-infected-with-bird-flu-amid-ongoing-us-outbreak

The drug that’s helping the world quit smoking, except in America

https://san.com/cc/the-drug-thats-helping-the-world-quit-smoking-except-in-america/

I just tried Flux on my Windows PC — and it's absolutely mind blowing

https://www.tomsguide.com/ai/ai-image-video/i-just-tried-flux-on-my-windows-pc-and-it-is-absolutely-mind-blowing

Shocking Study of 10 Wealthy Nations Reveals Americans Die the Youngest — Despite the US Spending the Most on Health Care

https://moneywise.com/a/ch-oath/study-reveals-americans-die-the-youngest-despite-spending-the-most-on-health-care

Thursday, October 3, 2024

Fever GM Says WNBA Free Agents Have Expressed Desire to Play With Caitlin Clark

https://www.si.com/onsi/womens-fastbreak/news/fever-gm-says-wnba-free-agents-have-expressed-desire-to-play-with-caitlin-clark-01j9865mp1a0

Western Defense Companies Set up Operations in Ukraine As War Rages on

https://www.businessinsider.com/western-defense-companies-set-up-operations-in-ukraine-war-continues-2024-10

People are panic-buying toilet paper because of the port strike. There is no need for that

https://www.cnn.com/2024/10/02/business/toilet-paper-shortages-port-strike/index.html

Biden The Master Oil Trader Part IV? President Loads Up On Millions Of Barrels To Refill Emergency Stash In 'One Of The Best Oil Trades In History'

https://www.benzinga.com/markets/commodities/24/10/41151338/biden-the-master-oil-trader-part-iv-president-loads-up-on-millions-of-barrels-to-refill-emerg

Wednesday, October 2, 2024

Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates

https://www.cnn.com/2024/10/02/business/elon-musk-twitter-x-fidelity/index.html

A US bomb from World War II explodes at a Japanese airport, causing a large crater in a taxiway

https://apnews.com/article/japan-airport-us-unexploded-bomb-blast-bf561e4c71f644267d86d8589b6999d4

Study Reveals 7 Health Factors To Help Lower The Risk Of Dementia

https://www.mindbodygreen.com/articles/study-reveals-seven-health-factors-decrease-risk-of-dementia-48704a

What are the best small cities in America? 4 central Indiana cities make the list

https://www.indystar.com/story/news/2024/10/02/best-small-cities-in-america-carmel-westfield-fishers-noblesville-indiana-wallethub-hamilton-county/75467621007/

'Why we need Medicare for All': Boeing revokes health benefits for striking workers

https://www.rawstory.com/boeing-strike/

Tuesday, October 1, 2024

'I will cripple you,’ ILA union chief Harold Dagget said of economy before port strike

https://qz.com/ila-strike-cripple-harold-dagget-1851661749

Experts uncover incredible side effects of traditional solar panels: 'We have to address both challenges at the same exact time'

https://www.thecooldown.com/outdoors/pollinator-friendly-solar-panels-biodiversity/

The Global Economy Depends on One Small Town in North Carolina — and, Because of Helene, No One Can Reach It Now

https://www.nysun.com/article/global-economy-depends-small-town-north-carolina-because-helene-no-one-reach-it-now

Older Investors Cling to Stocks as Younger Generations Seek Alternatives

https://www.mediadecision.com/lifestyle/older-investors-cling-to-stocks-as-younger-generations-seek-alternatives/article_dbb32464-7a86-11ef-bab7-ef4f068c0d56.html

Dockworkers launch historic strike across East and Gulf Coast: "Nothing's going to move without us"

https://www.tag24.com/topic/labor-union/dockworkers-launch-historic-strike-across-east-and-gulf-coast-nothings-going-to-move-without-us-3322417
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Jim Polito
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Finance and Economic Analysis
Marian University
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      • Key Fed inflation gauge shows price increases matc...
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