The company said it is working with suppliers and customers to determine when the new parts can be installed on the plane. Regulators are concerned that leaking faucets on Boeing 787 jets could cause water to enter the plane’s electronics during flight, creating a safety hazard. The Federal Aviation Administration ordered repeated inspections on Friday and suggested replacing parts of the faucets if leaks were found. I received a report that. The FAA said the leak could damage critical equipment and lead to “continued loss of safe flight and landing.” The agency said an airline found wet carpet in the…
Author: finvestadmin
HDFC Chairman Deepak Parekh says interest rates will rise amid global headwinds where the West is facing problems with an abrupt policy shift to curb inflation after witnessing years of quantitative easing. It upheld the RBI’s decision to suspend the cycle. Updated April 8, 2023 | 3:55 PM Deepak Parekh, Chairman, HDFCPhoto: PTI HDFC Chairman Deepak Parekh said on Saturday that the Reserve Bank of India was fortunate to have paused the rate hike cycle. Support from veteran bankers came a day after RBI Governor Shaktikanta Das announced that the Monetary Policy Committee (MPC) had decided in its latest policy…
US venture capital market It was a rough first quarterand not just because of the collapse of Silicon Valley Bank. Only $5.8 billion in exit value was generated, just 2.2% of the quarterly highs of the past two years and the lowest quarterly since the global financial crisis. Dealmaking didn’t go so well. Deal value is down more than 60% from its Q4 2021 peak. Last quarter’s $37 billion total also includes his $6.5 billion round for Stripe, which wasn’t even raised for the company’s growth. In 2022, the bright spot for the industry is fundraising, setting annual records. No…
Social security could be cut by 20% amid financial crisis Social Security beneficiaries are at risk of a 20% cut in benefits in 2034, according to the report. released by the Ministry of Finance The board said the Social Security Trust Fund will begin to run out of money by 2023 unless Congress takes action. Program costs are projected to exceed total annual income in 2023 as COLA grows significantly. But Kiroro Kijakazi, acting director of the Social Security Administration, believes there will be time for future funding to be replenished. “Informed debate, creative thinking and timely legislative action will…
Kenya’s fourth head of state, Uhuru Kenyatta, was paid a lump sum of KSh 39.6 million after completing two terms in office. The government has set aside KSh 655 million for a furnished office, aides and a luxury car until Uhuru retires from politics.Uhuru is still chairman of the Azimio la Umoja One Kenyan coalition council, according to reports, so the state wants to avoid breaking the law.Retired President Uhuru Kenyatta has started receiving a pension of KSh 1.32 million.Uhuru Kenyatta retired after serving two terms.Photo: Ministry of Foreign AffairsSource: TwitterKenya’s fourth head of state received a lump sum of…
Ben Franklin famously wrote, “Nothing is certain in this world but death and taxes.” Had Franklin written today, there would have been one more surefire addition to his inevitable list. it’s a loan.In Franklin’s time, debt was something only the rich could afford. But now, according to the latest statistics, America’s family owes him nearly $1 trillion in credit card debt. That’s more than $6,500 for the average family, not including gas and electric company payments, car loans, or medical bills.Not surprisingly, as consumer debt increases, more and more people will be unable to pay those debts. More than a…
Helps you make informed decisions about where to enter and exit trades and how much risk to take on each trade A pip is a unit of measure for the change in value of a currency pair in the forex market. Traders use pips to calculate profit or loss. This is the smallest change in the exchange rate, usually the last decimal point. The value of pips depends on the exchange rate and trading volume. For example, if a trader makes 10 pips in a trade, the amount of cash earned depends on the pip value. The pip value can…
Investor and financial author Harry Dent has issued a massive warning about both cryptocurrencies and the stock market. In a new interview with The David Lin Report, Dent says the next crash will devastate Bitcoin and stock investors, paving the way for BTC’s emergence as the future of the global economy. dent To tell The next crash will likely happen by July, and its impact on Bitcoin will be similar to Amazon’s dotcom crash in the early days of the internet. And once the smoke clears, Dent believes BTC will rise like a phoenix. “[After the crash]people will say Bitcoin…
The US economy will create 236,000 new jobs.strong dollarSome sectors of the economy are weakening in terms of employment – dataUS interest rate futures price rises 25bp in MayNEW YORK (Reuters) – The U.S. Federal Reserve may be forced to raise interest rates next month after data showed job growth in the world’s biggest economy last month The dollar rose Friday.Ahead of the jobs report, interest rate futures markets were betting the Fed would pause at its May policy meeting. The market is currently pricing in a 70% chance that the Federal Reserve will raise interest rates by 25 basis…
A rally in support of raising the minimum wage to $15 an hour on the National Mall in Washington, DC, May 19, 2021. Members of the Service Employee International Union (SEIU) organized a rally to support striking McDonald’s workers demanding pay increases. (Photo by Kevin Deitch/Getty Images)Getty Images The Federal Reserve Using the Wrong Rulebook Two years ago, when the Fed started raising interest rates to fight inflation, I worried. The professor’s alarm flashed red. Recession-inducing tactics to discipline workers are flawed, costly, and outdated. workers’ wages Outperformed productivity for decades— The Economic Policy Institute has followed these numbers closely.…
