Anna's Daybreak News

Good morning news friends! Get ready to ride the waves of breaking news, as we bring you a tidal wave of the freshest headlines, intriguing stories, and eye-opening insights that will keep you informed and entertained. 📰🌟

• The stock market is hiding a disheartening story beneath the surface of artificial intelligence exuberance.


• Banks and industrials are barely gaining ground compared to the booming tech sector.


• The equal-weight S&P 500, which reduces the influence of megacaps, is only up 4%.


• The best of times may be behind us as the stock market paints a bleak outlook for US growth in 2024.
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• Rising interest rates are causing a crunch for everyday borrowers such as pet boarding facilities owners, Sydney investment property owners, and holiday park owners


• The main force behind the higher interest rates is R-Star, also known as the Neutral Interest Rate, which acts to keep inflation at a steady rate of 2%


• The world is facing a deglobalization, an aging population, and the cost of the energy revolution, which all act to strain the Neutral Interest Rate


• In an uncertain economic climate, borrowers are rapidly trying to adjust to new conditions, but the question remains: is this situation here to stay?


• This one's for all the brave borrowers out there: May the odds be ever in your favor!
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• Kyiv's forces have liberated 51 square km (19 square miles) near Bakhmut since the start of the counteroffensive.


• Ukrainian troops continued to hold back a Russian offensive towards the towns of Avdiivka and Maryinka, and retook 5.2 square km (two square miles) in the past week.


• Overall, Ukraine regained more than 260 square km (100 square miles) in the south during the counteroffensive.


• Kyiv's strategic maneuvers have been met with some Western criticism as to its slowness and strategic errors, but President Volodymyr Zelenskiy keeps moving at a steady pace in order to liberate his country from an invasion that was supposed to last 3 days.
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• UAW has described its conversations with Ford as “reasonably productive”.


• Stellantis is offering an overall wage proposal of nearly 21%, with an immediate 10% increase upon ratification of the contract.


• UAW is still pushing for a 36% wage increase over four years, among other demands.


• In an unexpected twist, Stellantis was offering a possible solution to the Belvidere, Illinois plant situation, but then pulled the offer after the strike deadline was passed. Talk about cold-hearted!


• It remains to be seen how these stalemates in negotiations will play out, but one thing is clear – the UAW is determined to get the workers the pay they deserve, no matter what.
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Baked with love,

Anna Eisenberg ❤️