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Tag: rising

Recession threat is rising as earnings roll over, market bear David Rosenberg warns

Recession threat is rising as earnings roll over, market bear David Rosenberg warns

Finance
One of Wall Street's biggest long-time bears is painting a painful picture for stocks as earnings season goes into full gear.Gluskin Sheff's David Rosenberg warns earnings are "rolling over" and ominous economic data suggests the economy is on the brink of a recession. "Maybe a recession is not here. But it's certainly suggesting of a significant growth turndown right now in the U.S. economy," he told CNBC's "Futures Now " last Thursday.Even though the Dow, S&P 500 and Nasdaq posted its worst week since May, they're still trading just around one percent from all-time highs.But the robust levels are not deterring Rosenberg's bearishness. "The stock market peaked on October of 2007 and the recession started two months later," he said. "This is one of these rare periods where earnings ar...
Patriot system, transport ship sent to Middle East among rising tensions with Iran

Patriot system, transport ship sent to Middle East among rising tensions with Iran

Business
May 11 (UPI) -- The Defense Department is moving the USS Arlington amphibious transport dock ship and a Patriot surface-to-air missile battery to the Middle East for additional military strength amid rising tensions with Iran. On Friday, the Pentagon announced the ship and an additional launching system for PAC-3 missiles are part of the U.S. Central Command's original request from earlier this week for additional forces. The command is based in Qatar. They will join the USS Abraham Lincoln Carrier Strike Group and four B-52 bombers for heightened Iranian readiness. "The Department of Defense continues to closely monitor the activities of the Iranian regime, their military and proxies," the Pentagon said in a news release. "Due to operational security, we will not discuss timelines or loc...

UN environment agency warns of effects of rising sand use

Technology
The U.N.'s environment program is warning about the overuse of sand resources, saying a three-fold increase in demand over the last 20 years amid increasing population, urbanization and building work has contributed to beach erosion, flooding and drought. In a new report launched Tuesday, UNEP urged a re-think about the use of the world's second-most extracted resource, after water, by industry, governments and the public. UNEP said demand for sand and gravel amounts to 40-50 billion tons every year, and pointed to the need for conservation, recycling and a look for alternatives like sawdust. Pascal Peduzzi, director of a UNEP program with the University of Geneva, said more thought needs to be taken: "We aren't very smart about how we use sand, because we think: This is just sand."Let's ...
84% Indians feel the pinch of rising uncertainties in life; report says

84% Indians feel the pinch of rising uncertainties in life; report says

Finance
Even as the burden of life’s uncertainties and awareness around the need to buy protection covers has grown, majority of Indians continue to be underprepared to deal with them, a study carried out by private life insurer Aditya Birla Sun Life Insurance (ABSLI) has found. A whopping 84% of over 2,000 respondents said they felt life is now extremely uncertain compared to 79% who held the view in 2017 and 75% in 2013, the previous editions of the survey. Proportion of women who shared the view was slightly higher at 85% - compared to 84% in case of men - up from 83% in 2017 and 76% in 2013. Not surprisingly, securing family’s future (36%) and children’s education (36%) remain top two causes of uncertainties. Yet, less than half of those polled (44%) said they were completely prepa