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[ad_1] Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background. The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the year, an improvement from its prior April 9 projection of negative 2.4% growth. The update follows Wednesday’s retail sales data, which rose 1.4% in March, matching forecasts. The control group in the release, which excludes several volatile categories and factors into the GDP reading…

[ad_1] We’ve continued to see significant chop across financial markets as investors try and make sense of where President Trump’s gaze will fall next. Fresh from announcing a 90-day pause on tariffs the President has shifted his attention to Fed chairman Jay Powell, criticising him for not cutting interest rates at the most recent FOMC meeting. This has always been a familiar refrain from Trump, in his first term he criticised Janet Yellen for exactly the same thing, replacing her ironically with Jerome Powell who was nominated by Trump during his first term. Now with US inflation running significantly north…

[ad_1] Updated Apr 17, 2025 22:59 ISTFederal Bank cuts interest rates (iStock) Federal Bank interest rates: Private sector lender Federal Bank has slashed both savings and fixed deposit interest rates effective Thursday, April 17. The lender has reduced the interest rates for savings account by 25 bps. This move follows RBI’s latest rate cut. RBI reduced its key rates for the second consecutive time, pushing the cumulative decrease in the repo rate to 0.50 per cent in the last four months. Federal Bank inerest rates on savings accountNow, with the latest revision, savings account holders will earn interest of 2.75%…

[ad_1] BNDES invested $17.8 million while Santander Brazil acted as guarantor to enable Mombak to access the credit line. [ad_2] Source link

[ad_1] Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background. The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the year, an improvement from its prior April 9 projection of negative 2.4% growth. The update follows Wednesday’s retail sales data, which rose 1.4% in March, matching forecasts. The control group in the release, which excludes several volatile categories and factors into the GDP reading…

[ad_1] How are tariffs and your 401(k) retirement savings intertwined?Experts say a rise in tariffs can lead to several factors that impact your retirement savings.Sharp sell-off in U.S. Treasuries signals declining confidence in U.S. polices.Trump tariff turmoil could have a lasting impact on cost of borrowing, experts say.Bear markets for stocks can last four months to six months or longer, according to David Sowerby, a metro Detroit portfolio manager.A 90-day pause on many, but not all, tariffs might give some everyday 401(k) savers a bit of hope that, maybe, the worst is over when it comes to the wild ride…

[ad_1] Study design illustrating our space-for-time substitution approach for two land-use change pathways which reflect divergent futures for rural Africa: Wildlife conservation and agricultural intensification. Credit: Global Change Biology (2025). DOI: 10.1111/gcb.70163. https://doi.org/10.1111/gcb.70163 There are conflicting ideas about the development of rural Africa: On the one hand, governments and conservation organizations want to protect savanna ecosystems in order to preserve the habitat and migration areas of wildlife such as elephants and lions. On the other hand, the local population’s food supply is based on farming, meaning that their future livelihood can only be secured through expanding or intensifying agriculture—also as…

[ad_1] Occidental has bought Holocene, marking the second direct air capture startup the fossil fuel company has bought in two years. The deal was executed through Oxy Low Carbon Ventures, a subsidiary of the oil and gas company, for an undisclosed amount. HeatMap first reported the news. Holocene had been racing to advance its amino acid-based carbon removal technology following a $10 million deal it signed in September with Google to deliver 100,000 metric tons of carbon removal by the early 2030s. At $100 per metric ton, the price was significantly lower than what competitors could offer today. Currently, removing carbon…

[ad_1] As clients navigate complex markets and increasing uncertainty, financial advisors are rethinking how they guide investment behavior. Traditional economic models are giving way to behavioral finance, where psychological and social factors — especially social norms — play a powerful role. Understanding how these norms influence risk-taking can help advisors tailor strategies, build trust, and drive better client outcomes. What are social norms? Social norms are the generally unspoken expectations or shared understandings that influence what people consider acceptable behavior. Whether descriptive (what people believe others are doing) or injunctive (what people believe others expect them to do), social norms…

[ad_1] NEW YORK and SHANGHAI, April 17, 2025 (GLOBE NEWSWIRE) — Chagee Holdings Limited (“CHAGEE”), a leading premium tea drinks brand unique in creating a tea beverage composed of extracted original tea leaves and dairy, rang the opening bell at The Nasdaq today, officially celebrating its transition to a public company. The company shares began trading today. Junjie Zhang, Founder, Chairman of the Board, and CEO; and Hongfei Huang (Aaron), CFO; were joined by partners and friends of the Company at The Nasdaq MarketSite.“Since founding CHAGEE in 2017, we envisioned creating a global brand,” said Junjie Zhang, Founder, Chairman of the Board,…