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How to Make Economy Better in Election Year

In 2024, presidential and congressional elections will take place in many countries. There has been speculation for a long time that existing ruling regimes try their best to make the economy prosperous and market bullish in the run-up to an election. The underlying belief of this is that government policies, whether fiscal or monetary, are effective and efficient. The latter is crucial because this requires a policy launched in the election year to have an imminent impact on the economy or market. If the pleasing actions by the existing ruling regime are more oral than practical, then soon after, people would find no improvements…

Britain’s service sector ends year with stronger-than-expected growth

Business | Business News Britain’s service sector grew at the fastest rate in December for six months, beating expectations as firms ended the year in higher spirits. The S&P Global/CIPS UK services PMI survey showed a reading of 53.4 in December, up from 50.9 in November. The score came in higher than the score of 52.7 that economists had been expecting, according to a consensus figure compiled by Pantheon Macroeconomics.Any score above 50 indicates that the sector is growing. Businesses in the UK’s sprawling service industry, which spans restaurants and pubs to healthcare and financial firms, were buoyed by stronger levels of…

America’s stocks loiter near an all-time high

I t is the first trading day of the year. The stockmarket opens a whisker away from an all-time high. American equities have soared over the past 12 months, up by around 25%, with a handful of technology giants leading the charge. There is a big move in the share price of Apple, the world’s most valuable company, which sets off a move in the broader market. This dictates the tone for the rest of the day. Feeling déjà vu? For these facts describe both January 3rd 2022 and January 2nd 2024. In 2022 the mood on the first trading day of the year was approaching euphoria. The s&p 500 index of large American firms rose to 4,796 points,…

Empire Offshore Wind cancels Seatrium contract

The 1,260MW offshore substation platform was a key component in Empire Wind 2 which has now been cancelled following an agreement between the Empire Offshore Wind partners Equinor and bp , and the New York State Energy Research and Development Authority (NYSERDA). The agreement reflects changed economic circumstances on an industry-wide scale, the partners said, adding that the decision recognises commercial conditions driven by inflation, interest rates, and supply chain disruptions that prevented viable development of the wind project. Empire Wind 1, on which construction work began in the fourth quarter of 2023, remains…

Comprehensive Guide to Wealth Investment Management

Share Tweet Share Share Email Wealth Investment Management refers to the professional administration of an individual’s or an organization’s financial assets to achieve specific financial objectives. It involves a comprehensive analysis of financial goals, risk tolerance, and investment horizon. Importance of Wealth Management Effective wealth management ensures not just the preservation but the augmentation of wealth over time. It serves as a shield against economic uncertainties, providing a structured approach to create and manage financial resources. Understanding Wealth Investment Management Components of Wealth Management…