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Australian shares to inch up after Wall Street caution

Australian shares are expected to inch up when they open on Friday morning as traders digest data released in the US overnight, including stronger-than-expected inflation figures. At 6.50am, ASX Futures were heading towards a 0.22 per cent rise to 7461.5 points when the market opens at 10am. The ASX is expected to inch up at the open as traders digest the latest data from the US. Credit: Louie Douvis US stocks fell overnight as news of hotter-than-expected inflation and signs of labour market strength dampened hopes for early interest rate cuts by the Federal Reserve this year . Equities opened higher and the benchmark S&P 500…

What Is ‘Disease X’? Right-Wing Circles Slam Hypothetical Pandemic

Topline With less than a week until the World Economic Forum discusses potential preparations for a hypothetical disease far deadlier than Covid-19 named “Disease X,” mention of the illness have sparked a firestorm on social media, with right-wing accounts slamming the plans surrounding the hypothetical situation. The World Economic Forum will meet next week to discuss preparations for a hypothetical disease ... [+] called “Disease X," after the World Health Organization warned of a potential disease stronger than Covid. Key Facts The World Economic Forum is slated to hold a meeting called “Preparing for Disease X” on Wednesday,…

The Eurozone Is at a Dangerous Economic Crossroad

The economic picture for the Eurozone is fuzzy at best. On the surface, certain metrics offer a glimmer of hope. The inflation rate is below 3%, and the unemployment rate is at lows. These indicators might typically signal a robust economy, potentially eliminating the possibility of an imminent recession. The problem is that several other economic data points point to more worrying dynamics. For example, both the services and manufacturing sectors are showing PMI readings that suggest contraction. These indices have been persistently low for several months, indicating a protracted period of economic downturn in these crucial…

Getting a Taste of AI’s Medicine

When Thomas Edison switched on his famous light bulb in 1879, his audience probably never imagined that someone would also harness electricity to power mundane household items like a toothbrush or a razor. Nor could any of them have known that electricity ­­would power future inventions like microwave ovens, video cameras… or mobile phones. Similarly, we today cannot possibly imagine all the ways future generations might harness and utilize our new power: artificial intelligence. Luckily, we don’t have to imagine the revolutionary changes AI will bring. They’re already in motion – particularly in the healthcare industry. A Failsafe…

7 Shaken Stocks Set to Emerge Stronger in 2024

While it may be natural to stay with your winners, contrarian investors may want to consider stocks to recover in 2024. These are enterprises that didn’t quite pass muster last year. However, with possibly shifting circumstances on the horizon, marching to a different beat may yield greater shareholder profitability. Mathematically, by targeting beaten-down entities, you may be able to enjoy far more robust returns than the more conservative approach: betting on strong businesses in an uptrend hoping that the bulls continue to march forward. Of course, one issue with this framework is that if sentiment fades for whatever reason,…