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U.S. economy defies recession fears with strong second-quarter

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Brand new data released by the government shows impressive numbers for America’s economy.

 
The U.S. Commerce Department reports that the economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending.

The report comes a day after the Federal Reserve hiked key interest rates by a quarter percentage point for the 11th time.

The much-anticipated interest rate hike now takes benchmark borrowing costs to their highest level in more than 22-years—and could once again send ripple effects across the economy.

Chris Versace, the Chief Investment Officer of Tematica Research joins Veronica Dudo to discuss.
#econpomy #wallstreet #spending #jobs #inflation

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It takes a village: coordinated financial teams prove paramount to maximising wealth

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The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

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Microsoft recalls ‘Recall AI’ feature over security fears

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Microsoft has announced a postponement in the release of its new Recall AI feature, citing significant security concerns raised during internal testing.

Pope Francis took charge of discussions on the implications of artificial intelligence for global ethics and governance, Reuters reports.

The pope said AI represented an “epochal transformation” for mankind, but stressed the need for close oversight of the ever-developing technology to preserve human life and dignity.

“No machine should ever choose to take the life of a human being,” he said, adding that people should not let superpowerful algorithms decide their destiny.
“We would condemn humanity to a future without hope if we took away people’s ability to make decisions about themselves and their lives, by dooming them to depend on the choices of machines,” he warned.

#featured #trending

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