[ad_1] PS Quarterly regularly features predictions by experts on topics of global concern, and as we move further into 2025, the macroeconomic outlook has moved to the top of the list. Following the long era of low interest rates during the 2010s, the return of inflation and higher sovereign bond yields since the pandemic has led many in the financial press to proclaim that the “bond vigilantes are back.” Coined by the investment strategist Edward Yardeni in the 1980s, the term captures sovereign-debt investors’ role of constraining the scope of economic policymaking. While traditionally associated with chronically troubled economies like…
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[ad_1] Faithfuls light candles for Pope Francis at Piramide de Mayo monument during a Torchlight March in support of the health of Pope Francis on March 7, 2025 in Buenos Aires, Argentina.Tobias Skarlovnik | Getty Images News | Getty ImagesPope Francis is showing a “good response” to his treatment in hospital for double pneumonia and his overall condition is gradually improving, the Vatican said on Saturday.Francis, 88, has been in Rome’s Gemelli hospital for more than three weeks with a severe respiratory infection that has required continuously evolving treatment.”The clinical condition of the Holy Father in recent days has remained…
[ad_1] New data revealed that private sector hiring slowed significantly in February and fell short of Wall Street’s expectations, adding to concerns that the US economy is losing steam. On Wednesday, fresh data from ADP showed the private sector added 77,000 jobs in February, far fewer than economists’ estimates of 140,000 — and significantly lower than the 186,000 jobs added in January. January’s number of job additions was revised up from a prior reading of 183,000. February’s data marked the largest month-over-month decline in private payroll additions since March 2023. “Policy uncertainty and a slowdown in consumer spending might have…
[ad_1] BENGALURU: The state government seems to have woken up to the severity of climate change, as for the first time in the country, it has announced the Karnataka Forest, Wildlife and Climate Change Mitigation Foundation (KFWCCMF), which aims to mitigate the effects of climate change and increase green cover.Accordingly, the budget-2025 has big hopes to conserve the environment and forests, while containing man-animal conflict. The budget also speaks about carbon credit through agro-forestry, afforestation, and mitigation of climate change effects by setting up the said foundation. In his budget speech, CM Siddaramaiah said that in order to mitigate the…
[ad_1] A Goodyear blimp flies behind a historic sign for the company in Akron, Ohio.GoodyearAKRON, Ohio — Does the Goodyear blimp sell tires?That was one question veteran auto executive Mark Stewart had when he started as CEO of Goodyear Tire & Rubber Co. a little more than a year ago, seeking to lead a transformation plan for the quintessential American company.For a century, Goodyear Tire has used helium-filled airships to tout its brand. Stewart wanted to ensure consumers connected the blimps to the company’s products and services, which it has increasingly done as Goodyear celebrates the 100-year anniversary of its…
[ad_1] (Bloomberg) — Germany’s bonds stabilized after their worst week since 1990, as investors started to look at whether to buy the debt. Most Read from Bloomberg The yield on 10-year securities ended Friday little changed at 2.84%, after hitting the highest since 2023 on Thursday. With the rate up over 40 basis points this week — the biggest increase since the aftermath of the Berlin Wall’s fall — some bond strategists are now beginning to turn positive. “We are in the camp of consolidation and a modest move lower in bund yields,” said Mohit Kumar, chief strategist at Jefferies…
[ad_1] On March 6, 2025, a tweet from Milk Road (@MilkRoadDaily) depicted a humorous comparison of life before and after the crypto market’s influence, as evidenced by the Twitter post timestamped at 10:32 AM EST (Milk Road, 2025). This event, though light-hearted, sparked significant interest within the cryptocurrency community, leading to notable market movements. Specifically, the tweet’s virality led to a 3.5% increase in the trading volume of Bitcoin (BTC) within the first hour following the post, reaching a volume of 12,450 BTC at 11:32 AM EST (CoinMarketCap, 2025). Ethereum (ETH) also saw a similar trend with a 2.8% volume…
[ad_1] This post is sponsored by Boulevard Bikes.The folks from the Chicago Tribune editorial board really need to step out from behind their windshields now and then. Here are a few of the claims they’ve made recently:• Bike lanes were to blame for driver-created traffic jams on Elston and Milwaukee avenues during Kennedy Expressway reconstruction work.• “[Suburban Metra] fares increased last year.” (Not really.)• “New York’s [congestion pricing] solution clearly won’t work here in Chicago,” basically citing zero evidence for that argument.• Raising tolls on drivers is a “cash grab”. But reader Jeff Swirenski noted in a letter to the editor, “Tolling road…
[ad_1] This photo provided by the New York Air National Guard shows smoke from the fires in the Pine Barrens off Sunrise Highway in New York’s Long Island, on Saturday, March 8, 2025.Cheran Campbell/New York Air National Guard via APFast-moving brush fires burned through a large swath of land on New York’s Long Island on Saturday fanned by high winds, spewing thick gray smoke into the sky and prompting the evacuation of a military base and the closure of a major highway.Officials said three of the four fires were fully contained while the other one, in Westhampton, was 50 percent…
[ad_1] (Bloomberg) — Money managers are flocking to bonds that hedge against inflation amid uncertainty about tariffs and their impact on the cost of living. Most Read from Bloomberg Federal Reserve Bank of Philadelphia President Patrick Harker warned this past week that risks to the economy are rising, in part due to increasing prices. That fear helped spur the Bloomberg Global Inflation Linked Index, a gauge of investment-grade inflation-linked debt in developed markets, to gain about 5% from Jan. 13 through Thursday’s close. US President Donald Trump has asked the public to bear with him as he seeks to overhaul…