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Varo Bank Introduces Zero Fee Cash Deposits at Participating CVS Locations( MENAFN - Jordan Times) LONDON - There has been much talk lately of a return to 1970s economic conditions. Here in the United Kingdom, year-on-year inflation reached 9.1 per cent in May, and disruptive labour strikes are dominating the headlines. But is a 1970s-style Economy really in the offing? Much will depend on what happens with wage settlements and monetary and fiscal policy. And there are of course several global forces to consider, including COVID-19, China's uncertain economic outlook, Russia's war in Ukraine, and the parlous state of global economic and Political governance generally. With workers demanding higher wages, long-term inflation expectations have become a central issue. In early June, the University of Michigan's closely watched inflation-expectations survey showed that respondents' expectations of inflation over the next five years had risen sharply from 3 per cent to 3.3 per cent. This is worrisome, and it is a blow to those (like me) who have been arguing that the evidence for the medium- to long-term picture is still rather mixed. Other surveys (outside of financial markets) had suggested that the recent spikes in energy, food, and consumer prices were one-off events, rather than signs of genuine inflation. But now, there is a greater risk that inflation expectations are indeed becoming unanchored. That puts the US Federal Reserve and other central banks in a difficult position, because they simply cannot allow this trend to become entrenched. If they did, we really would be heading back to the dark days of five decades ago. The tone of the Bank of England's minutes following its recent 25-basis-point interest-rate hike was notably more hawkish than it had been previously, pointing to more big policy-rate increases in the coming weeks and months. In this context, wage negotiations have become a decisive factor in the economic outlook. Given the heightened risk of a wage-price spiral, I think the British government is right to take a tough line with the main rail workers union. A strong message must be sent to the public and the media. While 8-9 per cent inflation represents a large hit to disposable incomes, it is driven largely by energy- and food-price spikes that eventually will be resolved. If we want inflation to return to the low levels of the previous 20-plus years, the last thing we need is a massive permanent increase in public-sector pay settlements (unless they can be justified by equally massive increases in productivity). Moreover, the additional pressure on public-sector finances would be even more severe than in the past, further complicating difficult debates about the appropriate level of taxation relative to public spending. I write this as a champion of concepts like“profit with purpose”, and as the vice chair of the Northern Powerhouse Partnership and the chair of Northern Gritstone. For now, policymakers need to be allowed to get inflation - especially long-term inflation expectations - under control. To that end, there are three elements to an effective response. First, governments must allow their central banks to do what they need to do to rein in prices. Second, politicians must stop creating the impression that governments have a magic money tree that they can shake to solve every problem that arises. If a government wants to show that it is being proactive, it should introduce a properly considered framework for its fiscal policy. A good example is former UK Prime Minister Gordon Brown's famous“Golden Rule”, which allowed the public sector to borrow only to pay for capital investment, whereas current spending had to be financed by taxes and other revenues. A revised version of this is desperately needed now to ensure that public-sector investment spending is not only protected but encouraged. Third, and on a related note, governments must become more serious about long-term investment spending in general, especially as it relates to“levelling up” left-behind regions. Policymakers should tell businesses to forget about tax cuts unless they can marshal evidence to show that such measures will boost productivity. Decades of corporate-tax cuts do not appear to have boosted business investment and productivity in any meaningful way. The better approach is to support risk-taking businesses and industries (such as venture capital) in underdeveloped regions, and to be bolder about regulating sophisticated balance-sheet management techniques such as share buybacks - perhaps allowing them only when there is real evidence of productivity improvements. At the same time, political leaders need to explain to the public - especially the millions of lower-income workers - why it is in everyone's interest to accept some real (inflation-adjusted) income setbacks as part of the process of reining in inflation. Without price stability or productivity improvements, generous wage, fiscal, or monetary policies will be economically unsustainable. They will represent nothing but false promises. Jim O'Neill, a former chairman of Goldman Sachs Asset Management and a former UK treasury minister, is a member of the Pan-European Commission on Health and Sustainable Development. Copyright: Project Syndicate, 2022. MENAFN30112024000028011005ID1108942279 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. 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Gregory A. Beard Sells 14,201 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) StockThe Latest: UnitedHealthcare shooting suspect contests his extradition back to New York
Nvidia’s Record-Breaking Year: Key Details Revealed Nvidia, the tech titan known for its powerful AI chips, has made headlines this year with a string of groundbreaking achievements. Renowned for its high-performance graphics processing units (GPUs), Nvidia has experienced an extraordinary surge in demand that has propelled the company to unprecedented heights. This momentum has not only driven record earnings but has also catapulted Nvidia to become, albeit briefly, the largest company by market value, even surpassing Apple. This year has been nothing short of revolutionary for Nvidia, as the company garnered an invitation to the prestigious Dow Jones Industrial Average. It also topped benchmarks as the best-performing stock. Now, Nvidia reaches yet another milestone, capturing nearly $30 billion in net inflows from retail investors — a massive leap from $11 billion last year, showcasing its rising popularity among everyday investors. The GPU Revolution and Continued Growth Initially driving video games, Nvidia’s GPUs have expanded into artificial intelligence due to their ability to handle many simultaneous tasks. This expansion has fueled explosive revenue growth, with Nvidia reporting a staggering $35 billion in revenue last quarter. With a strong profit margin exceeding 70%, the company confidently presses forward with its innovative Blackwell architecture launch, promising even greater advancements. Is Nvidia a Buy for 2025? Despite its soaring valuation, Nvidia’s growth trajectory, amplified by new launches, indicates substantial future potential. CEO Jensen Huang highlights a $1 trillion opportunity as outdated computers worldwide will require Nvidia’s accelerated computing power. This, combined with the strong demand for its Blackwell system, suggests that Nvidia remains well-poised to be a top choice for retail investors moving into 2025. Nvidia’s Meteoric Rise: What Lies Ahead? Unpacking The Trends and Innovations That Define Nvidia’s Future Nvidia has transformed the landscape of technology in recent years, particularly through its highly advanced AI chips and GPUs. Its dedication to innovation has not only sustained but enhanced its market position, enabling Nvidia to eclipse industry giants and capture the attention of investors worldwide. As of this year, the company has demonstrated unprecedented growth, which invites us to delve deeper into various key aspects that might shape its future trajectory. Pros and Cons of Investing in Nvidia Pros: 1. Superlative Market Performance: Nvidia has consistently outpaced its competitors and topped stock performance charts, indicating strong investor confidence. 2. Cutting-edge Innovations: The forthcoming Blackwell architecture exemplifies Nvidia’s commitment to leading AI and computing technologies, suggesting a promising pipeline. 3. Dimensional Market Presence: By expanding GPU applications beyond gaming into AI and other industries, Nvidia has diversified its revenue streams effectively. Cons: 1. High Valuation Concerns: The soaring valuation could make it riskier for new investors to enter the market at current price points. 2. Market Saturation and Competition: While Nvidia is a leader, increased competition and market saturation could present challenges ahead. Nvidia’s Growing Influence: Insightful Comparisons Compared to its peers, such as AMD and Intel, Nvidia has outperformed in capturing market share, particularly in AI. This surge can be partly attributed to its strategic focus on integrating advanced AI functionalities with robust GPU performance, setting Nvidia apart in terms of innovation and consumer appeal. Sustainability Initiatives: Paving the Way for a Greener Future Nvidia is not only leading in technological innovation but also in sustainability efforts. The company has been investing in energy-efficient technologies that aim to reduce environmental impact. Their new data centers and product designs reflect a commitment to a sustainable future, potentially appealing to environmentally conscious investors. Predictions for Nvidia in 2025 Many analysts predict that Nvidia will continue its upward trajectory, mainly due to its strategic positioning and ongoing R&D investments. The company plans to address a $1 trillion market opportunity related to the global demand for better computational power, especially as industries transition to more sophisticated AI systems. Security Aspects: A Robust Infrastructure Nvidia is advancing its security posture with infrastructure investments that protect data integrity and offer robust defense against potential threats. This focus on cybersecurity elevates Nvidia’s trustworthiness in deploying large-scale AI solutions. For more information and updates on Nvidia’s groundbreaking innovations, visit their official website .
Yankees Agree to Terms With Max Fried on $218 Million Contract: Reports
AMGEN ANNOUNCES 2025 FIRST QUARTER DIVIDENDIn a lengthy speech at the Brookings Institution, a Washington, D.C. think tank, on Tuesday, President Joe Biden forcefully defended his economic legacy and harshly criticized his successor. “Most economists agree the new administration is going to inherit a fairly strong economy, at least at the moment, an economy going through fundamental transformation,” Biden said. “It is my profound hope that the new administration will preserve and build on this progress. Like most great economic developments, this one is neither red nor blue, and America's progress is everyone's progress.” RELATED STORY | What impacts will a Trump presidency have on the economy? The president pointed specifically to record job growth during his tenure and an historically-low unemployment rate, as well as solid GDP performance, major investments in infrastructure and a soaring stock market. Most economists agree Biden’s term in office has coincided with a strong jobs market, and note the economic forecast remains bright – especially when contrasted to that of other peer nations, many of which have struggled to rebound from the COVID-19 pandemic. And yet, Americans by and large disapprove of Biden’s economic tenure, particularly the high costs of goods and services. Though inflation has fallen some, it remains higher than when the president took office and has become a frequent point of attack for Republicans critical of the Biden administration. RELATED STORY | Wealthier Americans are driving retail spending and powering US economy President-elect Donald Trump’s victory last month served in some was as a repudiation of the president’s so-called “Bidenomics” policies, with most voters telling pollsters they were dissatisfied with the state of the U.S. economy and Biden’s handling of the issue. Since Trump’s election, attitudes towards the economy have improved slightly, particularly among Republicans; according to research from Gallup, just eight percent of Republicans in October viewed economic conditions as getting better, compared to 30% last month. Biden himself seemed to acknowledge some missteps in selling his economic vision to Americans. “I also learned something from Donald Trump,” Biden said. “He signed checks for people for $7,400 bucks,” the president noted of the pandemic-era relief measures. Even though Biden approved similar relief efforts during his term, his name never appeared on American’s checks. “I didn't – stupid,” Biden conceded. RELATED STORY | Powell says Fed will likely cut rates cautiously given persistent inflation pressures Seeking to bolster Biden’s economic legacy, the White House on Tuesday launched a new website hailing the “Biden Economy,” featuring statistics about economic performance during his term and complimentary videos from his supporters. Biden’s speach, meanwhile, also served as a warning of sorts to his successor, with the president arguing against tax cuts for the wealthy and the notion that such benefits would “trickle down” to middle class Americans. “You can make as much money as you can, good for you, but everybody's got to be they pay their fair share,” Biden said. Trump has pledged to extend the tax cuts he signed into law in 2017, telling NBC News he intends to submit a tax package to Congress within his first 100 days in office. “They’re coming due and they’re very substantial for people,” Trump said of his 2017 cuts. “That’s what led us to one of the greatest economies ever.” RELATED STORY | Amid corporate layoffs, 36% of workforce turns to gig economy for alternative employment A report by the nonpartisan Congressional Budget Office in December found that failing to extend those tax incentives would have a negligible impact on the economy, though Republicans are expected to pursue them and other business tax breaks after they retake both chambers of Congress next year. Trump has also promised to impose significant tariffs on the import of foreign goods from Mexico, Canada and China – despite economists’ and retailers’ warnings that will drive up consumer prices. Trump in the NBC interview said he couldn’t guarantee the move wouldn’t increase consumer costs, something Biden harshly refuted. “I believe we've proven that approach is a mistake over the past four years,” Biden said. “But we all know in time, we all know in time what will happen.”
When I learned about Normatec boots, my recovery life changed forever. Courtesy Normatec At GOLF.com, we stumble across all sorts of goodies. Here, we unveil some of our favorites from the past year. Why LeBron’s Hyperice Normatec boots were the best thing I tried in 2024 LeBron James is said to spend upwards of $1.5 million per year on health and nutrition. It’s an investment, he says, in himself, his career, and his legacy. And a stunning one when you do the math, ringing in at a little more than $4,000 a day . How, exactly, does a person spend $4,000 daily on his health and wellness? About five years ago, I thought I’d found the answer. It was the heart of the NBA season and LeBron was in the midst of (another) statistical tear when I opened Instagram and spotted a photo. James was wearing what appeared to be the legs to an astronaut suit , fully inflated and extended out over a long table. Outside of images from NASA, I’d never seen a product like it before. I didn’t know where it was from. I didn’t even know how to Google it. But I was fascinated. A few years later, my girlfriend Jamie decided to run the Chicago marathon. When it came time to book accommodations for race weekend, we decided on the Westin River North because we’d heard about a “ runner’s club ” program operated by the hotel chain at each of the six “major” marathons. Westin, we were told, invested thousands in the latest-and-greatest tech for runners, which “runner’s club” guests at the hotel were free to use at their leisure throughout race weekend. On our first day there, I walked down to the lobby and saw it. The space pants — Lebron’s space pants — sat empty next to a strange-looking lawn chair. With no competitive plans for the weekend other than deep dish and light beer, I turned to Jamie. “Do you mind if I try?’ Five minutes later, I was strapped in. And as the pants inflated and my chair tilted back, I learned for the first time about the product that had fascinated me years earlier. Not space pants but Normatec Compression Boots — a still-new piece of recovery technology revolutionizing the way athletes managed their health. The pants were essentially big balloons, an on-site PT told me, trained to inflate and deflate in highly specific ways to promote blood flow and speed up recovery. The secret sauce was something called dynamic compression technology , which encouraged circulation of the legs, flushed lactic acid and metabolic waste, and mimicked a natural muscle “pump.” As my “cycle” continued, rhythmically squeezing my feet, calves, knees and thighs, I looked around the lobby. Twenty other pairs of NormaTec Boots lined the area, each with its own zero-gravity chair. I turned back to the PT. “They must have spent a fortune on this,” I said, remembering LeBron’s $1.5 million bill. “Actually, they probably spent less than you think,” she said. As it turned out, she was right. True to my memory, Normatec’s technology had sparked a revolution in high-level professional sports, particularly in the NBA, about five years earlier. At the time, the boots cost a fortune, and the technology they promised was still very much space-age, but stars like LeBron were early adopters. Soon, the rest of the league took notice, with players eager to lessen the stress of an 82-game season of sprinting and jumping on their joints. The popularity helped plans materialize to turn the boots into a full-fledged consumer product, which was how Westin had eventually gotten into the game. “Lots of people actually just ... own these ,” the PT said. I laughed then. But I wasn’t laughing 15 minutes later, when my 30-minute “cycle” ended. I’d gotten off a transcontinental flight from the Ryder Cup two days earlier, then hopped on another flight to Chicago that morning. And yet, as I took in the lobby flexing my legs, I felt positively springy. The feeling lingered for the rest of the day. After a pre-marathon jog the next morning, I stumbled through the lobby to see lines of runners forming in front of the boots. I didn’t have to imagine their relief, I saw it on Jamie’s face. “That rocks ,” she said. The months that followed that first experience flew by, but my memory of the boots did not. Evidently, the same could be said for Jamie, who was still running and suddenly sharing LeBron’s eagerness to remove some stress from her legs. As the spring arrived, I went on a golf trip, playing 36 holes per day with some of my coworkers. I went to bed each night with my knees aching, silently dreaming I could get an afternoon “cycle” with the boots on. Thankfully, with another marathon (and golf trip) looming, I don’t have to wait too much longer. Normatec is dropping the price of their boots for Black Friday by $100, and while the cost is still very much nosebleed , it’s not quite a $1.5 million nosebleed. As far as I’m concerned, that’s well worth the benefit for a pair of highly active walkers (golf) and runners (marathons). Now if you don’t mind, I have a Turkey Trot to recover from. Latest In Gear Golf.com Editor James Colgan is a news and features editor at GOLF, writing stories for the website and magazine. He manages the Hot Mic, GOLF’s media vertical, and utilizes his on-camera experience across the brand’s platforms. Prior to joining GOLF, James graduated from Syracuse University, during which time he was a caddie scholarship recipient (and astute looper) on Long Island, where he is from. He can be reached at james.colgan@golf.com.In celebration of the announcement of St. Maarten's first elevated sports complex, featuring two pickleball courts, two tennis courts and a padel court, Vie L'Ven launches a limited-edition pickleball paddle with Helios, inspired by the island's vibrant culture. TORONTO , Dec. 20, 2024 /PRNewswire/ -- Vie L'Ven Resort & Residences —a luxurious 280-room resort and residences that promises to redefine island living on the shores of Indigo Bay, St. Maarten has revealed an exciting new addition to its sports and activities offerings: the uniquely designed multi-sports court experience offering panoramic views of Indigo Bay and untouched natural reserves. The hotel and residences slated for opening in 2028, will feature two pickleball courts, two tennis courts, and a padel court that are set to transform the concept of sports facilities in the Caribbean . To celebrate the reveal, Vie L'Ven has partnered with Helios, the premium pickleball paddle brand, to create a bespoke, limited-edition pickleball paddle. The custom design paddles exclusive to Vie L'Ven, inspired by the vibrant culture and dynamic energy of St. Maarten , are crafted with carbon surface technology. The paddles are available in a limited quantity for purchase at the Vie L'Ven presentation gallery or included with a purchase of a unit. Explore the renderings and image of the custom paddle . Beyond its new courts, Vie L'Ven's residences are available with an array of spacious one to four-bedroom layouts, spanning from approximately 620 to over 2,003 square feet (58 to over 186 square meters) and lock-off options expanding up to 1,895 square feet (176 square meters). The property features the pinnacle of luxury amenities including a beach club with reserved cabanas and personalized butler service, a dedicated Les Clefs d'Or concierge team, three distinct pools including an adults-only offerings,on-beach water sports, an on-property private yacht dock, 30,000 square foot destination spa, children's playroom and childcare services and a nature reserve. Leading the culinary vision at Vie L'Ven and reinforcing its dedication to exceptional gastronomy, Chef Alain Ducasse—celebrated for his remarkable twenty-one Michelin stars and prestigious three-star rating—will introduce his first dining concept in the Caribbean . Drawing from the island's diverse cultural heritage and vibrant flavors, Chef Ducasse's innovative menu will be inspired by St. Maarten's natural bounty. His signature restaurant and bar will serve as the centerpiece, complemented by two additional distinct dining experiences on the property. Vie L'Ven is the vision of Altree Developments , a leader in the international real estate landscape, rooted in a 70-year multi-generational family legacy in the development industry. Committed to redefining Caribbean luxury, the concept for Vie L'Ven has been brought to life by renowned partners Studio Munge , HKS Architects and Leading Hotels of The World , all of who have been recognized globally for their dedication to creating world-class properties. Vie L'Ven's residences, with sales being led by St. Maarten Sotheby's International Realty , are in high demand. With limited availability remaining, prices have increased and are now in the $900 ,000s (USD) with additional upward price adjustments anticipated. As an added incentive, purchase a suite between December 4th, 2024 , and January 15th, 2025 , and enjoy one year free of Homeowners Association (HOA) fees, along with $10,000 in Resort Credits* for sumptuous dining and rejuvenating spa treatments. Prices and specifications are subject to change without notice. Illustrations are Artist's Concept. E & O.E. *Incentives are limited time only and subject to select suites. Incentives are subject to change without notice. See a Sales Representative for further details. Explore a virtual tour of the Orient Suite and the Rouge Suites to envision your oasis at Vie L'Ven. Be the first to receive the latest updates by registering at vielven.com . For sales inquiries contact +1-721-544-1545 or visit vielven.com or the presentation gallery on Indigo Bay Boulevard in Indigo Bay, St. Maarten . About Altree Developments Altree Developments is a leader in the international real estate landscape, rooted in a 70-year multi-generational family legacy in the development industry. Under the visionary leadership of Zev Mandelbaum , Altree is redefining urban living by transforming strategic residential and commercial sites into leading destinations. With an admirable portfolio that includes ultra-luxury condominiums and expansive master-planned communities, Altree's influence stretches across some of the most coveted addresses in Canada , America, and now, St. Maarten . Driven by an unwavering commitment to innovation and luxury, Altree's projects are designed to stand the test of time, offering unparalleled value, and shaping the future of urban living. For more information, visit altreedevelopments.com . MEDIA CONTACT: Ashley Goldstein ashleyg@alabgroup.com 917.890.7940 Ashley Orfus Ashley@alabgroup.com 917.232.7349 View original content to download multimedia: https://www.prnewswire.com/news-releases/introducing-st-maartens-new-sports-landmark-vie-lvens-multi-court-with-panoramic-views-of-indigo-bay-and-limited-edition-pickleball-paddle-302337595.html SOURCE Vie L'Ven
SUNRISE, Fla. (AP) — Spencer Knight made 20 saves, Mackie Samoskevich scored with less than a second left in the second period, and the Florida Panthers got four goals in the third to beat the Carolina Hurricanes 6-0 on Saturday and complete a two-day sweep. Aleksander Barkov, Sam Bennett, Aaron Ekblad, Evan Rodrigues and Adam Boqvist also scored for Florida, which won 6-3 at Carolina on Friday. The Panthers have won three straight — that streak following a stretch of six losses in seven games for the Stanley Cup champions. It was Knight's fourth career shutout, his first since Nov. 9, 2022 — also at home against Carolina. Spencer Martin made 23 saves on 28 shots for the Hurricanes, who have dropped four of their last six games (2-3-1). It was Martin's fourth consecutive start for Carolina. Hurricanes: This was the first time all season that the Hurricanes failed to get a point in the game immediately following a loss. Carolina was 4-0-1 after a defeat entering Saturday. Panthers: A big day for Samoskevich — his alma mater Michigan beat Ohio State in football on Saturday, that game ending just before the Florida-Carolina game started. The Panthers are 5-0-0 when he scores this season. Sam Reinhart had each of the four most recent Florida goals at 19:59, before Samoskevich got his Saturday. The Panthers scored two goals 11 seconds apart in the third to make it 5-0, and Yaniv Perets replaced Martin in the Hurricanes' net with 8:12 remaining. It was the second NHL appearance for Perets, who came on once in relief for Carolina last season. Ekblad's goal was his first in a span of 1,045 regular-season shifts since Feb. 20. Carolina starts a two-game homestand Tuesday against Seattle. Florida goes to Pittsburgh to start a two-game trip on Tuesday. AP NHL: https://www.apnews.com/hub/NHLGregory A. Beard Sells 14,201 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Stock
'One and Three Quarters' book review: A rare find that enchantsGroups break down barriers on Colorado’s slopes to diversify winter sports that are “just so hard to get into”
India News | Haryana Govt Approves 30 Agendas at Cabinet Meeting Including Support for Security Forces' Families, Recruitment Reforms