Poll Highlights Gap Between Economic Data and Consumer Attitudes
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Poll Highlights Gap Between Economic Data and Consumer Attitudes
Poll Highlights Gap , Between Economic Data and , Consumer Attitudes .
CNBC reports that over half of Americans
falsely believe the United States is in
the middle of an economic recession.
A recession is officially defined as an extended period of
economic decline, usually after gross domestic product
(GDP) declines for two or more consecutive quarters.
.
However, for the past several years,
GDP has actually been increasing.
Despite this, a recent Guardian/Harris poll
found that 56% of respondents believe the
U.S. is currently experiencing a recession.
.
Despite this, a recent Guardian/Harris poll
found that 56% of respondents believe the
U.S. is currently experiencing a recession.
.
At the same time, 58% of those polled believe
that the Biden administration is responsible
for the perceived economic downturn.
In the first quarter of 2024,
the GDP grew by 1.6%.
.
CNBC reports that the recent poll
highlights the ongoing gap between
economic feelings and economic data.
.
Consumer attitudes have been
lagging amid persistent inflation and
a consequently high cost of daily living.
.
The poll comes just six months ahead of the November
presidential election which will pit President Joe Biden
against former president Donald Trump.
The poll comes just six months ahead of the November
presidential election which will pit President Joe Biden
against former president Donald Trump.
The Biden administration has been trying to shift the
mood of voters and recognize economic gains the U.S.
has made in the wake of the COVID-19 pandemic.
.
The Biden administration has been trying to shift the
mood of voters and recognize economic gains the U.S.
has made in the wake of the COVID-19 pandemic.
UN Nuclear Watchdog , Clashes With Iran for Failing , to Cooperate With Inspectors.
'The Guardian' reports that the West may be teetering on the edge of a renewed confrontation with Tehran over Iran's nuclear program.
The news comes after the United Nations' nuclear watchdog voted to censure Iran for repeatedly failing to cooperate with U.N. inspectors. .
The International Atomic Energy Agency (IAEA)
vote came after the United States dropped its
objection to the censure, joining European nations.
EU nations had urged the Biden administration to alter
its stance on the matter, claiming that the integrity
of the nuclear non-proliferation treaty was in jeopardy. .
The U.S. has since called for a long-term strategy to be
developed to deal with Iran's nuclear program, stressing
that the terms of the original 2015 deal expire next year.
The Joint Comprehensive Plan of Action
(JCPoA) originally saw Western economic
sanctions lifted in exchange for strong
controls over Iran's nuclear program.
However, 'The Guardian' reports that Tehran has
since gradually restricted access for U.N. inspectors,
while also vastly boosting its stock of enriched uranium. .
However, 'The Guardian' reports that Tehran has
since gradually restricted access for U.N. inspectors,
while also vastly boosting its stock of enriched uranium. .
Iran now possesses 30 times the
JCPoA limit of enriched uranium
and its stockpile of high enriched
uranium up to 60% has continued
to grow significantly, U.K., France and Germany joint statement
to the IAEA, via 'The Guardian'.
Iran now has the approximate
amount of nuclear material
from which the possibility of
manufacturing a nuclear explosive
device cannot be excluded, U.K., France and Germany joint statement
to the IAEA, via 'The Guardian'
Credit: Wibbitz Top Stories Duration: 01:30Published
Jon Stewart is slamming the media's response to Donald Trump's hush money conviction. Last Thursday, a New York jury found Trump guilty on all 34 counts of falsifying business records. He will be sentenced on July 11 and becomes the first former US president to be convicted of felony crimes. During Monday's 'The Daily Show,' the host criticized conservative outlets' denial of the trial's legitimacy.
Credit: The Hollywood Reporter Duration: 01:40Published
Biden Signs Executive Order , Capping Number of
Asylum Seekers , at US-Mexico Border.
Biden Signs Executive Order , Capping Number of
Asylum Seekers , at US-Mexico Border.
On June 4, President Joe Biden signed an
executive order restricting asylum seekers
at the United States' border with Mexico.
On June 4, President Joe Biden signed an
executive order restricting asylum seekers
at the United States' border with Mexico.
'Newsweek' report that the executive order utilizes
a controversial regulation last used by his
predecessor, former President Donald Trump.
'Newsweek' report that the executive order utilizes
a controversial regulation last used by his
predecessor, former President Donald Trump.
The executive order will effectively halt migrants crossing
the U.S. border once a daily cap of 2,500 crossings per
day over a seven-day average has been reached. .
The executive order will effectively halt migrants crossing
the U.S. border once a daily cap of 2,500 crossings per
day over a seven-day average has been reached. .
It also allows officials to rapidly deport
migrants who cross the border illegally.
We will need to review the executive
order before making litigation
decisions, but any policy that
effectively shuts off asylum would
raise obvious legal problems,
just as we did when the Trump
administration tried to end asylum, Lee Gelernt, Deputy director of the ACLU's
Immigrants' Rights Project, via 'Newsweek'.
'Newsweek' reports that the executive order
marks a significant shift in the Biden
administration's immigration policy. .
'Newsweek' reports that the executive order
marks a significant shift in the Biden
administration's immigration policy. .
The executive order utilizes a law referred to as Section
212(f), which dates back to the 1950s, and was last used
by Donald Trump at the beginning of his presidency. .
The executive order utilizes a law referred to as Section
212(f), which dates back to the 1950s, and was last used
by Donald Trump at the beginning of his presidency. .
The measure allows the president to
suspend the entry of any foreigner deemed
"detrimental to the interests" of the U.S. .
It also comes ahead of the 2024 election
and criticism that his administration has
failed to deal with years-long surge of
migrants arriving at the southern U.S. border.
It also comes ahead of the 2024 election
and criticism that his administration has
failed to deal with years-long surge of
migrants arriving at the southern U.S. border.
'The New York Times' reports that while daily numbers have
fallen below the record 10,000 reached in December 2023,
approximately 3,500 migrants crossed on June 2 alone.
Credit: Wibbitz Top Stories Duration: 01:31Published
Federal Firearm Trial , Against Hunter Biden , Opens in Delaware.
On June 4, lawyers are scheduled to
make their opening statements in the
federal gun case against Hunter Biden. .
Associated Press reports that the son of
President Joe Biden is charged with three
felonies stemming from a 2018 firearm purchase. .
Associated Press reports that the son of
President Joe Biden is charged with three
felonies stemming from a 2018 firearm purchase. .
The younger Biden has been accused of making
false statements to a federally licensed gun
dealer, including that he was not a drug user.
AP notes that by Hunter's own admission, he was addicted
to crack at the time following the 2015 death of his
brother from cancer, which he detailed in his memoir.
If convicted, he could face a maximum sentence of 25 years in prison, however, first-time offenders seldom receive anywhere close to the maximum sentence.
If convicted, he could face a maximum sentence of 25 years in prison, however, first-time offenders seldom receive anywhere close to the maximum sentence.
Opening statements come after a deal with
prosecutors collapsed, which would have avoided
a high-profile trial ahead of the 2024 election.
Opening statements come after a deal with
prosecutors collapsed, which would have avoided
a high-profile trial ahead of the 2024 election.
Hunter has pleaded not guilty to the charges
against him and claims that he has been
unfairly targeted by the Justice Department.
Hunter has pleaded not guilty to the charges
against him and claims that he has been
unfairly targeted by the Justice Department.
The trial comes just days after former
president Donald Trump was convicted
of 34 felony charges in New York City. .
AP points out that the proximity of the two unrelated
cases underline how the legal system has taken
center stage in the build up to the 2024 election.
AP points out that the proximity of the two unrelated
cases underline how the legal system has taken
center stage in the build up to the 2024 election.
Hunter is also facing a California trial in
September, stemming from charges
of failing to pay $1.4 million in taxes
Credit: Wibbitz Top Stories Duration: 01:31Published
Stormy Daniels has spoken out after former U.S President Donald Trump's hush money conviction. Donald Trump has become the first former President to be criminally convicted and Stormy Daniels has spoken out about the impact of her involvement in the case. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Former president Donald Trump was convicted by a jury Thursday on all 34 counts of falsifying business records. Mark Hamill, Lynda Carter, George Takei and Sheryl Lee Ralph are among those in Hollywood who have taken to social media to share their reaction to the guilty verdict.
Credit: The Hollywood Reporter Duration: 01:46Published
In this video, we delve into the escalating tensions between the Houthis and the United States in Yemen. Recent events have seen the Houthis launching a new missile blitz, resulting in a direct hit on a U.S. warship. This attack appears to be in response to American strikes on Yemen, notably employing a massive 5,000-pound bomb. Join us as we analyze the unfolding situation, its implications for regional stability, and the potential for further escalation between these two adversaries. Stay tuned for the latest updates and insights on this developing story.
#houthis #houthi #iran #palestine #gazawar #israelgazawar #yemen #hamas #redsea #redseaattack #eisenhower #breakingnews #internationalnews #war #warongaza #oneindia #oneindianews #youtube #youtubeshorts
7 , Inspiring LGBTQ+ Quotes , for Pride Month.
We should indeed keep calm in the face of difference, and live our lives in a state of inclusion and wonder at the diversity of humanity, George Takei, Actor.
I learned compassion from being discriminated against. Everything bad that's ever happened to me has taught me compassion, Ellen DeGeneres, Talk Show Host.
I've been embraced by a new community. That's what happens when you're finally honest about who you are;
you find others like you, Chaz Bono, Advocate and Actor.
Everybody's journey is individual. If you fall in love with a boy, you fall in love with
a boy. The fact that many Americans consider it a disease says more about
them than it does about homosexuality, James Baldwin, Novelist.
The beauty of standing up for your rights is others see you standing and stand up as well, Cassandra Duffy, Author.
The only queer people are those who don't love anybody, Rita Mae Brown, Writer and Activist.
Openness may not completely disarm prejudice, but it's a good place to start, Jason Collins, Former NBA Player
Credit: Wibbitz Top Stories Duration: 01:20Published
The Houthis have reported that all casualties in Hodeida from a recent U.S.-UK assault were civilians and have vowed a "painful response" to Americans. The U.S. Navy aircraft carrier Eisenhower, now in the Red Sea and past its 200-day deployment mark, faces relentless Houthi attacks. The Red Sea, carrying around 20% of the world's maritime trade, is a key route to Europe via the Suez Canal, though less critical to America. Despite the U.S. carrier's presence, the waters remain extremely dangerous
#YemenConflict #HouthiRebels #USNavy #USSCarrierEisenhower #RedSea #MilitaryTensions #MaritimeSecurity #MiddleEastCrisis #CivilianCasualties #USUKAssault #SuezCanal #GlobalTradeRoutes #NavalWarfare #GeopoliticalConflict #InternationalRelations
~HT.178~PR.152~GR.121~
Severe Weather Causes , Thousands of Americans to Lose Power.
The past few days have brought deadly tornadoes
and storms across the country, BBC reports.
Over Memorial Day weekend, at least 23 people
were killed, and hundreds more were injured.
Approximately 200,000 people
still have no power, BBC reports. .
Kentucky had the most outages,
leaving over 80,000 homes without power.
Kentucky Governor Andy Beshear has
declared a state of emergency, referencing the
"devastating storms that hit almost the entire state.".
Texas Governor Greg Abbott said that
over a third of the state's counties were in
a state of disaster from the extreme weather.
The National Weather Service (NWS) warns
that severe weather may continue until May 29.
Flash flooding, "significant damaging wind and
large hail" is expected throughout northern and
central Texas, as well as southern Oklahoma.
Flash flooding, "significant damaging wind and
large hail" is expected throughout northern and
central Texas, as well as southern Oklahoma.
The East Coast, particularly
New York to Maryland, could
experience thunderstorms and heavy rain.
These disasters come as forecasters
predict an "extraordinary" Atlantic
hurricane season commencing in June.
Credit: Wibbitz Top Stories Duration: 01:30Published
Memorial Day , by the Numbers.
These stats were provided
by WalletHub.
45 million veterans, have served during wartime.
656,000 military service members , have lost their lives
during combat. .
New York was the 1st state , to recognize Memorial Day
in 1873. .
96 members of the 116th Congress , have served in the military. .
60 percent of Americans, plan to barbecue over
Memorial Day weekend. .
260,000 graves, at Arlington National Cemetery are adorned with American flags
Credit: Wibbitz Top Stories Duration: 00:46Published
European Central Bank , Cuts Interest Rates.
The action was confirmed on June 6 at
the central bank's meeting, CNBC reports. .
The European Central Bank's (ECB) key
rate will go from 4% down to 3.75%.
The ECB Governing Council issued a statement.
Based on an updated assessment of
the inflation outlook, the dynamics of
underlying inflation and the strength
of monetary policy transmission, , ECB Governing Council, via statement.
... it is now appropriate to
moderate the degree of monetary
policy restriction after nine months
of holding rates steady, ECB Governing Council, via statement.
This is the first time that interest rates
have been cut since September 2019. .
Updated macroeconomic projections indicate that 2024's "annual average headline inflation outlook" has been increased from 2.3% to 2.5%, CNBC reports.
For 2025, it was raised from 2% to 2.2%.
The projection for 2026 stayed at 1.9%.
The ECB's next meeting is in July, where another rate cut is unlikely, experts say.
The slight upgrade to the inflation forecast
was to be expected, inflation has been printing
a little bit hotter than markets were expecting,
but in terms of the timing of the next cut
I’d still be looking to September, Dean Turner, chief euro zone economist at
UBS Global Wealth Management, to CNBC.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
The U.S. Federal Reserve continues
to battle America's rate of inflation.
Credit: Wibbitz Top Stories Duration: 01:31Published
Intel Reveals , New AI Chips.
On June 4, Intel announced its new
Xeon 6 processor, CNBC reports. .
The new AI chips will help to
provide better performance and more efficient power for data centers.
The announcement follows similar
launches from rivals Nvidia and AMD.
The announcement follows similar
launches from rivals Nvidia and AMD.
Intel launched its 5th Gen Intel Xeon processors just six months ago.
In April, the company
unveiled the Gaudi 3 processor.
Customers are looking for high
performance, cost-effective gen AI
training and inferencing solutions.
And they’ve started to turn
to alternatives like Gaudi. , Patrick Gelsinger, chief executive officer of Intel Corp., via statement.
They want choice. They want
open software and hardware
solutions and time to market
solutions at dramatically lower
TCOs [total cost of ownership], Patrick Gelsinger, chief executive officer of Intel Corp., via statement.
Intel plans "to continue to grow the AI PC category" with its Lunar Lake chips, which
are scheduled to ship in Q3 2024.
Intel, which recorded a $7 billion operating loss in 2023, is attempting to catch up to
its rivals amid the ongoing AI frenzy.
While Intel has been struggling, it differs from Nvidia and AMD because it manufactures chips in addition to designing them.
Additionally, Intel received $20 billion in funding from the CHIPS and Science Act
which could help the company to advance.
Additionally, Intel received $20 billion in funding from the CHIPS and Science Act
which could help the company to advance
Credit: Wibbitz Top Stories Duration: 01:31Published
ConocoPhillips , to Buy Marathon Oil.
ConocoPhillips , to Buy Marathon Oil.
On May 29, ConocoPhillips agreed to
acquire Marathon Oil in an all-stock deal valued at $17 billion, CNBC reports.
The agreement will provide ConocoPhillips with
an additional 2 billion barrels of U.S. inventory.
This acquisition of Marathon Oil further
deepens our portfolio and fits within our
financial framework, adding high-quality,
low cost of supply inventory adjacent to our
leading U.S. unconventional position. , ConocoPhillips CEO Ryan Lance, via statement.
ConocoPhillips' market cap will
exceed $150 billion due to the deal.
As an independent producer, ConocoPhillips will now be on the same scale as some big-time players, CNBC reports.
For example, the company will become larger than BP but still be smaller than Shell, according to Andrew Dittmar, M&A analyst at Enverus.
For example, the company will become larger than BP but still be smaller than Shell, according to Andrew Dittmar, M&A analyst at Enverus.
While the deal is likely to face FTC scrutiny, the fact that Marathon's assets encompass multiple basins supports regulatory approval, Dittmar said. .
Once the deal is complete,
ConocoPhillips anticipates share buybacks worth $7 billion within the first year.
After three years, that number is
expected to grow to $20 billion.
ConocoPhillips' larger rivals,
Exxon Mobil and Chevron, announced
blockbuster deals as well last year.
ConocoPhillips' larger rivals,
Exxon Mobil and Chevron, announced
blockbuster deals as well last year
Credit: Wibbitz Top Stories Duration: 01:31Published
Microsoft Announces , New Surface PCs With AI Chips.
On May 20, Microsoft announced that it will be releasing a Surface Laptop and Surface Pro tablet with Qualcomm AI chips, CNBC reports. .
On May 20, Microsoft announced that it will be releasing a Surface Laptop and Surface Pro tablet with Qualcomm AI chips, CNBC reports. .
Qualcomm's Arm-based chips
deliver longer battery life.
Other computer makers such as Dell, HP, Acer and more are also debuting AI-ready PCs that will offer Microsoft's Copilot AI chatbot.
PCs equipped with AMD and Intel chips that adopt the Copilot+ standard will be released at a later date, Microsoft said. .
PCs equipped with AMD and Intel chips that adopt the Copilot+ standard will be released at a later date, Microsoft said. .
Copilot+ computers will begin at $999.
Pre-orders are currently being accepted. .
The devices will be available in June.
The new offering comes almost four
months after Microsoft CEO Satya Nadella said on an earnings call that "in 2024,
AI will become a first-class part of every PC." .
The new offering comes almost four
months after Microsoft CEO Satya Nadella said on an earnings call that "in 2024,
AI will become a first-class part of every PC." .
On May 20, Microsoft shares
closed at $425.34, up 1.2%.
Qualcomm increased 2%
to $197.76, a record close
Credit: Wibbitz Top Stories Duration: 01:30Published
Biden Celebrates Latest , Jobs Report , and Economic Gains .
'The Independent' reports that the United States economy
surpassed expectations in May while adding 272,000 jobs,
giving President Joe..
Credit: Wibbitz Top Stories Duration: 01:31Published
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