A super-thin iPhone 17 “Air” (as everyone has been calling it) is coming this fall whether we want it or not Influencers will fawn over its slim profile; I will definitely try to cut cake with it But phones barely thicker than a USB-C port will likely nix the creature comforts that we’re all used to on our normal-sized slabs “The percentage of users who can go a single day without recharging the thin phone will be between 60% and 70%,” the report states a thinner phone requires a slimmer battery that can fit inside of the iPhone 17 Air’s metal chassis There are other ways Apple could compensate for a smaller battery but that may not be the case for this first-gen iPhone Air Apple is reportedly planning to sell a battery case that users can attach to extend the time between charges The cynic will say this is classic Apple creating a problem to sell an accessory as a solution idealists will defend the thinness and tell you to just buy a regular iPhone or Pro model if having the longest battery life is at the top of your checklist I’m sure there are Redditors ready to cry conspiracy Reduced battery life on the iPhone 17 Air will lead headlines We already know this phone will have a single rear camera—one that juts out quite a bit The Information also reports that the thin iPhone will have a single speaker instead of the dual speakers in the other iPhone 17s None of this is news that will go down well with consumers come this fall, but getting a battery pack is the reality that you’ll have to accept if you want Apple’s thinnest iPhone ever. YouTuber Sam Kohl shared a video showcasing high-quality dummy models for the new iPhone 17 and 17 Pros so the shock doesn’t stun too hard when Apple throws the price slide up on screen at Apple Park ' + scriptOptions._localizedStrings.webview_notification_text + ' " + scriptOptions._localizedStrings.redirect_overlay_title + " " + scriptOptions._localizedStrings.redirect_overlay_text + " Wary of the potential for the escalating trade war to materially destabilize the macro environment UBS has revised its assessment of possible downside scenarios In the first quarter earnings report of UBS the Swiss banking giant revised its list of expected credit loss (ECL) models economic scenarios that could play out as well as their weightings This was due to prevailing economic and political conditions most notably from the rapid escalation of the trade war under US President Donald Trump there was a high degree of geopolitical and macroeconomic uncertainty including uncertainty relating to tariffs that could be introduced by the US government after that date and the economic consequences thereof,» the bank said «The actual announcing of the tariffs in April 2025 was subsequent to the reporting date UBS has assessed the situation based on the uncertainties that existed on the reporting date and has exercised judgment.» UBS has adjusted its forecasts with the replacement of the «stagflationary geopolitical crisis scenario» with a «global crisis scenario» (15 percent chance) which targets risks such as sovereign defaults low interest rates and significant emerging market stress The «mild debt crisis scenario» has also been replaced with a «mild stagflation crisis scenario» (30 percent chance) with assumptions of rising rates alongside declines in GDP and equities It applies a 50 percent chance to its baseline scenario of relatively stable economic conditions «UBS is closely monitoring the current market situation potentially revisiting the narratives and weightings in the second quarter of 2025,» the bank added finews.com publishes on its own Web-TV-Channel interviews with well-known figures of Swiss finance. + More on this topic + More on this topic + More on this topic Risk of further escalation in trade tensions between the US and China poses increased downside risks to the commodities complex Oil prices witnessed something of a relief rally this morning Yet risks are still skewed to the downside as President Trump threatens an additional 50% tariff on Chinese goods if it doesn’t lift its 34% retaliatory tariff today It's unlikely that China will reverse the policy we’re likely to see further escalation which will only exacerbate growth concerns and worries over oil demand As we mentioned following the move by OPEC+ to increase supply we expect a strengthening in the Brent-Dubai spread A combination of stronger OPEC+ supply and tariff impacts (with a number of Asian countries receiving higher-than-feared reciprocal tariffs) should cause the spread to strengthen further The broader move lower we’ve seen in crude oil since 2 April suggests the market is pricing in bigger odds of a recession The scale of the sell-off will worry OPEC+ which last week surprised the market with a larger-than-expected supply hike for May We could see OPEC+ pause or even reverse supply increases The Saudis need around US$90/bbl to balance their budget While their supply increase last week suggests they’re not aiming for this level the Saudis probably don’t want to see an even wider gap between their fiscal breakeven level and current prices Slowing in US drilling activity could offer some soft support for the market We expect current WTI prices to lead to a pullback in drilling This will eventually feed through to slower supply growth and potentially even a decline in US oil output High decline rates for US shale mean consistent drilling is needed to keep US output stable According to the latest Dallas Federal Reserve Energy survey producers need an average of $65/bbl to profitably drill a new well European natural gas prices haven’t escaped the broader risk-off move Title Transfer Facility (TTF) is down almost 13% so far this month trading at its lowest level since September While investment funds reduced their net long in TTF by a sizeable amount between February and March there’s still room for further fund liquidation Yet while funds have been exiting the market faces the tough task of hitting its 90% storage target ahead of next winter tariffs provide some downside risk not just to European gas demand This risk is fairly difficult to quantify at the moment but sometimes investors sell it along with other asset classes to cover losses elsewhere We think gold’s selloff will be short-lived as trade and tariff uncertainty continue to bolster its safe-haven appeal China’s central bank added gold to its reserves for a fifth straight month in March Gold reached a new record high above $3,100/oz last month Gold held by the People’s Bank of China rose by 0.09 million troy ounces last month We believe central banks will continue to buy gold as geopolitical tensions and economic uncertainty push them to increase allocations toward safe-haven assets This should provide a further tailwind to gold prices looking ahead The USDA’s first crop progress report for the season shows US corn plantings started at the usual pace of around 2% for the week ending 6 April This was in line with the five-year average of 2% winter wheat crop conditions deteriorated due to less rain in the major producing regions The agency rated around 48% of the winter wheat crop in good-to-excellent condition Weather conditions in the major cocoa-producing countries in West Africa remain uncertain during the growing season Recent reports suggest that the weather has become favourable in some regions -- including Ivory Coast and Cameroon -- with a combination of rains and adequate sunshine prolonged dryness in Nigeria delayed the mid-crop harvest until mid-July with flowering expected in the next 10 days amid moderate weather Stay up to date with all of ING’s latest economic and financial analysis If you are acting in a professional capacity and look for investment research, visit research.ing.com Please Register or Sign in to view this content Quantum Commodity Intelligence is a premium paid subscription service for professionals in the oil Quantum Oil service subscribers have access to: Get in touch with us for subscription information on all Quantum platforms Essential digital access to quality FT journalism on any device Complete digital access to quality FT journalism with expert analysis from industry leaders Complete digital access to quality analysis and expert insights complemented with our award-winning Weekend Print edition Terms & Conditions apply Discover all the plans currently available in your country See why over a million readers pay to read the Financial Times architecture Belmont Abbey Benedictines Buckfast CATHOLIC NEWS Downside The Downside Abbey monks will soon be on the move again and this time they are hoping it will be to a permanent home The Benedictine community of St Gregory the Great has voted to leave their temporary residence at Buckfast Abbey in Devon and settle at Belmont Abbey near Hereford this summer The eight monks took the momentous decision to leave Downside Abbey exactly three years ago for a period of discernment at a retreat house at Buckfast They were all that was left of the Benedictines who were the first of their congregation to re-settle in England after the Reformation At Downside they established a grand monastery with a Grade I-listed abbey church designated a minor basilica by Pius XI An announcement on the Downside Abbey website dated 12 March said they will settle with the community of St Michael and All Angels at Belmont The former Downside monks will be a separate and independent entity at Belmont for two years under the provisions of Canon Law Abbot Nicholas Wetz said the aim is that they will ultimately merge: “Our shared hope is that we will be able to support and strengthen each other in faithfulness to our Benedictine vocation and that eventually we will form a single We will announce the exact date of our move to Belmont when we have settled the practicalities.” a former Belmont monk who was elected thirteenth abbot of Downside in 2020 expressed his appreciation to the Buckfast community for hosting them during what he describes as a “vital period” “Here [at Buckfast] we have enjoyed the opportunity of leading a simpler and more intense community life less overwhelmed by the buildings and grounds at Downside that were too big for our current needs,” he said “Our discernment has encouraged us to continue the mission of our monastic forebears Pope St Gregory the Great first entrusted to Benedictine monks at the end of the sixth century under the leadership of St Augustine of Canterbury “We now have the opportunity of beginning a joint project with the Community of Belmont Abbey Together we can explore fresh ways of providing the pastoral care and formation that have always marked the English Benedictine Congregation we ask your prayers that our united communities will attract new Benedictine vocations to serve the needs of the Church today and in the years ahead.” Abbot Nicholas returned to celebrate Mass at Downside Abbey Church on the feast of St Gregory the Great on 12 March He and his confreres remain responsible for the abbey’s heritage The buildings are of national importance and include the largest monastic archive and library in the UK has created a new sixth form centre in the former monastery refectory which in its heyday housed a 50-strong community The abbey church is used by the school and the local parish Heritage experts have expressed concerns about the viability of the monks caring for the Downside treasures at arms’ length reported that approximately 3,842 people visited the basilica and the archives and library in 2024 Mass attendance at the abbey church was around 15,600 for the liturgical year 2023-2024 Asked about plans for the former monastery and the funding of repairs at listed buildings Johnson said: “Downside Abbey General Trust [DAGT] are exploring paths towards a viable future for the monastery to give this important historic building a new and sustainable purpose “We work with our historic buildings conservation advisers and statutory bodies in maintaining our historic buildings do and will continue to pay for the maintenance and repair of the basilica.” Christopher Butler – no typical monk New monk makes solemn profession at Douai Abbey Get the latest news and special offers delivered to your inbox Subscribe Advertise Jobs About us Permissions Help Contact us and risk-off sentiment alone will inflict a demand shock on industrial and logistics operators The ‘liberation day’ tariffs have been postponed but the existing tariffs and those likely forthcoming present significant downside risks for most Asian industrial real estate markets which will heavily impact South Korea and to a lesser extent Japan ASEAN markets are also likely to face higher future tariffs but supply chain shifts in those markets will remain sticky China of course faces a more severe downside With overcapacity evident in industrial production alongside significant oversupply already in industrial real estate markets operating fundamentals in the industrial real estate sector are likely to deteriorate as occupier demand stagnates While benchmark rates are likely to decline We anticipate little-to-no benefit from falling benchmark rates as investors looking at tariff-exposed sectors will remain cautious and demand higher returns [email protected] © Oxford Economics 2025 all rights reserved They say the first step to recovery is admitting you have a problem. And to the Volkswagen Group's credit, it's been admitting it has a problem for some time now It's never been especially strong in North America compared to the bigger players and it's getting absolutely creamed in China All of that is reflected in today's first-quarter 2025 financial results wherein the conglomerate reported a 37% drop in operating profit from the same period last year But it now says it has a plan to fix things Yet while the VW Group's EV sales are growing they're kind of dragging profits down with them.  our morning roundup of auto industry and technology news Also on deck today: Toyota makes a vertical integration play and President Donald Trump's new tariff plan may not offer the relief the sector wanted the Volkswagen Group experienced a mixed start to the fiscal year," said Arno Antlitz Aside from the aforementioned 37% drop in profits North American sales were down 2% and China sales were down 6%. But at least things are growing again in Europe and South America—the latter saw sales up a healthy 17% Also on the positive side, the VW Group is steadily increasing its electric vehicle sales across the board, and as we have reported before, it's emerging as a surprising winner as European buyers turn away from Tesla.  Here's the issue: EVs are still largely unprofitable for most automakers besides Tesla they're bringing overall profits and profit margins down "An operating margin of around 4% clearly shows that there is still a considerable amount of work ahead of us," Antlitz said (Margins of 6% or higher are usually considered good in the industry even if that's relatively low compared to other industries.) But this also shows the challenge for the so-called traditional auto industry: it has to make EVs to prepare for the future and fund them with the sales of more profitable gas cars and gauge the right mix of each for different markets as customers move on from gas at different rates At least VW's trajectory seems to be improving. Every fifth car sold in Western Europe is now fully electric Meanwhile, it's leaning on partners like SAIC in China for new all-electric models designed to appeal to those customers and they certainly would fit in with the various Xpengs Akio Toyoda presiding over the JAMA September 9 press conference 2 I went to a BYD press conference where executives explained how they created the system for five-minute EV fast charging or Megawatt charging (so named because it delivers 1,000 kW of power.) BYD made all of the stuff to do that in-house: the cooling systems That's a remarkable achievement that goes against the grain for most of the auto industry The majority of them rely heavily on outside suppliers to make parts and components But Tesla and the Chinese automakers are vastly more vertically integrated allowing them to move more quickly on all fronts And that's what I think Toyota Chairman Akio Toyoda is after by seeking to buy out a key parts supplier, Toyota Industries This was reported last week but it's been on my mind since China and I think it's worth addressing here.  currently holds a 25% stake in machine and parts-maker Toyota Industries; confusing but both were started by the same family and the carmaker actually spun out of the latter My theory is that it would give Toyota much more of an edge on China-like vertical integration allowing it to make key components for EVs and other future-facing technologies more quickly and potentially at lower prices and many were certified incorrectly last year leading to a kind of mini-Dieselgate scandal in Japan.  Here's Automotive News: A possible move to reorganize Toyota Industries comes against a backdrop of Toyota Group companies loosening their cross-shareholdings to free capital for investment in new technologies have sold off shares in group affiliates in recent times sold its stakes in both Aisin and in Toyota Industries Toyota Motor owns about 24 percent of Toyota Industries while Toyota Industries owns 7.5 percent of Toyota Motor which has former Toyota Motor director and R&D chief Shigeki Terashi as its chairman said it is looking at ways to improve its “enterprise value” and “capital efficiency.” It may not be the sexiest news you'll read all day but if it helps Toyota move as fast as BYD can “It’s akin to having a car accident and saying but it’s still $20,000 worth of damage,’ ” said Dan Ives managing director of autos at Wedbush Securities The executive orders signed April 29 put in place a complicated system of breaks on certain imports of auto parts and components for the next two years but it gives Detroit's automakers some relief from what Trump earlier had ordered which were 25% tariffs on all imported autos which began in April and another 25% on all auto parts set to begin by May 3 China races ahead with EVs and other advanced technologies while the car companies that operate in and serve our market don't even know what to build where to build them and where to price them Are we seeing the beginnings of a comeback for the VW Group or are its current problems too insurmountable Where do you see things going next for the conglomerate Contact the author: patrick.george@insideevs.com This Off-Road Toyota EV Feels Like It'd Be A Hit In The U.S Waymo Is Far From Done With The Jaguar I-Pace Here's Why There Are So Few EVs For Sale In America Right Now Ford Isn't Slowing Down Mustang Mach-E Production Japan Is Finally Getting Serious About EVs The 2025 Chevy Silverado EV Work Truck Is America’s New Range King Uber To Deploy 'Thousands' Of Autonomous Taxis OneFootball's home page Search Settings Sign In Sign InJoinJota in crutches the only downside for Champions Celtic | OneFootballThe Celtic Star Celtic winger Jota was seen in crutches during the post-match celebrations at Tanndice stadium today…Jota of Celtic celebrates scoring the opening goal with team mate Reo Hatate during the SPL | Premier League match between Dundee United FC and Celtic FC at Tannadice Park on April 26 The Hoops ran all over the top of Jim Goodwin’s Dundee United this afternoon and put five goals past the home side to clinch the Scottish Premiership in spectacular fashion for the supporters making up for the initial failure to win the league at Paradise in front of a packed house Two braces from Adam Idah and Nicolas Kühn, after the opening own goal from Ryan Strain saw the Bhoys in cruise control against the Arabs and ensured light work was made of winning Four-in-a-row The team have been back to their slick and elusive best in recent weeks as our football did the talking with some really nice exchanges of play between the side Jota and Reo Hatate celebrate. Dundee United v Celtic, 26 April 2025. Photo Vagelis Georgariou (The Celtic Star) There was some cause for concern though today as Felipe Jota was spotted in crutches after the match at Tanndice Jota suffered what looked like a very nasty impact injury on his knee when his leg went straight into the ground with all his weight behind it The Portuguese winger looked in considerable discomfort and was removed from the action straight away by manager Brendan Rodgers Jota celebrates. Dundee United v Celtic, 26 April 2025. Photo Vagelis Georgariou (The Celtic Star) Sky Sports honed in on the wideman when the final whistle went during the post-match celebrations amongst all the Celtic players and backroom staff Appearing in a set of crutches and a knee brace it looked worrying as he may now miss Celtic’s remaining league and Scottish Cup fixtures which include a final Glasgow Derby at Ibrox and cup final against Aberdeen at Hampden Park Help raise funds for Celtic Youth Academy by playing the Celtic Pools Weekly Lottery and you could win up to £25,000 Jota in crutches the only downside for Champions Celtic Apr 26 2025, 16:23 “I’ve never been happier here,” Brendan Rodgers Apr 26 2025, 16:04 Video: Every Celtic title-winning moment since 1998 Apr 26 2025, 15:49 Related NewsAberdeen sell out Cup Final allocation but no word from Celtic yet Celtic Player of the Day – Frank Brogan, scorer of Celtic 5000th goal Maeda! – Celtic Player of the Year Awards Round-up Brendan Rodgers linked with a surprise move for former Celt Viljami Sinisalo reflects on his Glasgow Derby debut Crystal Palace 1-1 Nottingham Forest: Eberechi Eze scores as Eagles get ready to peak in FA Cup final Glasner will be content with his side’s performance against a team chasing Champions League qualificationCrystal Palace had their chances and could have nicked it late on, but a 1-1 draw... Football transfer rumours: Rashford in Man Utd exit talks; Real Madrid suffer Alexander-Arnold setback Real Madrid 'agree terms' with Carlo Ancelotti over his departure Carlo Ancelotti's future appears to be sealed after the iconic Italian manager has reached terms over his pending departure from Real Madrid.According to fresh reports from The Athletic, an agreement... If you have any questions or need help you can email us Expats must learn that smaller rural Italian communities run on gossip Silvia Marchetti or even set up a gazebo in your garden without the green light from the local authorities And just because you happen to be ignorant of local building regulations is no excuse Norah is a digital nomad from London with a cottage in Rome’s countryside She recently had to dismantle a gazebo she had set up in the garden due to lack of permits “I had no idea that there were landscape restrictions,” she said Her house lies close to a protected natural reserve where archaeological ruins were found decades ago Annoyed by the daily noise of work in her garden they reported her to the local police office especially as her neighbours had shopped her to the police albeit more expensive problem when he decided one spring day to build a 14-metre-long swimming pool He has joint pain and thought that a daily swim might help had them dig a 4m-deep curaçao blue pool with stone borders and in less than two weeks he was already doing his daily lengths It was lovely – until a police agent came knocking on his door “The agent told me his office had received an anonymous call from a resident living near my house who had complained about the loud noise in my front yard,” he told me Dan said he had no idea that Italian law could be so cruel: the agent ordered him immediately to remove the pool and file the paperwork needed to build a “legal” one his garden looked as if it had been bombed: the huge ugly pit had been filled with the worst kind of soil chicken bones and old fragments of floor tiles that stuck out of the ground “The company I hired to tear the pool down probably took the soil from a graveyard or an abandoned patch of land This whole adventure cost Dan some €30,000 to build the pool if he decides to file the necessary application to the local authorities to get authorisation it will cost him another €30,000 to have it all rebuilt and perhaps even selling the house and looking for another property closer to the beach It struck me that what really upset these expats more than seeing an expensive project being smashed up before their eyes And that is partly the result of a cultural clash rural Italian communities everyone looks out for each other and blow the whistle on naive foreigners who think living the Italian dream is an easy ride but it’s an aspect of Italian society and mentality that everyone needs to come to terms with – including all the expats Silvia Marchetti is a freelance writer living in Rome Evo Morales has been lining up a return to power and now he's summoned his supporters Councillors can no longer escape the mess and workers seem intent on drawing this out please click the box below to let us know you're not a robot Get the most important global markets news at your fingertips with a Bloomberg.com subscription Jay Powell’s hawkish comments and a stronger case for an ECB October cut have prompted a rewidening of EUR:USD short-term rate spreads With rising Middle East tensions and French political instability EUR/USD is starting to look expensive above 1.110 we’ll be closely monitoring the US job openings data It’s been a hectic start to the week in central bank news and geopolitics: Fed Chair Jerome Powell explicitly pushed back against a 50bp rate cut by year-end and Israel started a ground offensive in Lebanon the dollar would have rallied on such a combination of events but sensitivity to Fedspeak and Middle East turmoil has been reduced the 50bp reduction in September means that market pricing is more structurally dovish-leaning perhaps also on the premises that the Fed wouldn’t want to underdeliver on easing should a 50bp move be priced in by the FOMC date Powell said the base case is two 25bp moves by year-end which is unusually specific guidance that signals his discontent with market dovish pricing the Fed Funds Future curve is factoring in 70bp of cuts by December effectively betting that soft data will force a September-like Fed surprise in one of the next two meetings That signals the balance of risks in the very near term is probably skewed to the upside for the dollar The geopolitics-FX link is also rather weak at the moment Israel’s ground raids in Lebanese territory were a highly-anticipated risk by US authorities The lack of substantial repercussions on commodities means that FX markets are also not responding to the latest developments There are upside risks for the dollar here too we’ll see the August JOLTS job openings print today which is expected at an unchanged 7673k after a surprise drop last month Markets may be more sensitive to those job opening numbers than the ISM Manufacturing index which is also expected to have stabilised around 47.5 Even ECB President Christine Lagarde struck a more dovish tone yesterday as she pointed to greater confidence in disinflation which will taken “into account in our next monetary policy meeting in October” We’ll be waiting for the eurozone-wide CPI numbers later today where headline inflation is expected to slow below the 2% target (to 1.8%) and the core measure from 2.8% to 2.7% It’s looking increasingly likely that holding rates in October could mean cutting by 50bp in December which explains market pricing for -52bp by year-end The large moves in the EUR:USD short-term rate differentials are pointing to a weaker EUR/USD now. Incidentally, we could see some fresh political risk premium being built into the euro as new French Prime Minister Michel Barnier is facing an even worse than expected deficit situation and a likely political battle ahead to push forward any budget consolidation measures Our rates team does not expect any respite in French bond spreads Barnier delivers a key Parliamentary speech at 3PM CET today: expect some debt market volatility spilling into the euro we think EUR/USD can trade back below 1.110 in the next couple of days and test 1.100 if US unemployment doesn’t tick higher on Friday The yen would be the other go-to currency in a geopolitical risk escalation but Japanese markets are currently trading mostly on domestic news The Nikkei has rebounded after yesterday’s selloff and short-term JPY swap rates are inching lower after the Bank of Japan (BoJ) summary of opinions was slightly hawkish with one member explicitly signalling downside risks This is partly offsetting bets that the new Prime Minister Shigeru Ishiba will favour fighting inflation our view on the BoJ remains more hawkish than the market’s pricing for 13bp of tightening over the next three meetings so even if the tactical picture is turning more skewed to the upside for USD/JPY – not least because of risks of correction higher in USD rates – we are not ready to call for a sustained Today we will have PMIs in the region and our economists expect a slight decline across the board following the weaker data from Germany released earlier we will see the release of the final GDP numbers for the second quarter which will likely confirm the previous numbers and the state budget performance for September which will likely not yet show flood-related spending The FX market in the region was hit hard yesterday and came under pressure again The lower EUR/USD is understandably not helping and the escalation in the Middle East has increased risk aversion we don't see much reason on the local side rates are rather supportive of CEE currencies Although it is probably too early to fade the move, we believe the market in the coming days may get good entry points for CEE FX again. EUR/PLN in particular is getting interesting ahead of Thursday's National Bank of Poland press conference. Yesterday's inflation confirmed a rise including core and given the dovish shift we saw last month from the governor we may see a rather hawkish repricing supporting stronger FX this week Global Head of Markets and Regional Head of Research for UK & CEE Please enable JS and disable any ad blocker Page d'accueil de OneFootball Recherche Paramètres Se connecter Se connecterS'inscrireJota in crutches the only downside for Champions Celtic | OneFootballThe Celtic Star Celtic winger Jota was seen in crutches during the post-match celebrations at Tanndice stadium today…Jota of Celtic celebrates scoring the opening goal with team mate Reo Hatate during the SPL | Premier League match between Dundee United FC and Celtic FC at Tannadice Park on April 26 The Hoops ran all over the top of Jim Goodwin’s Dundee United this afternoon and put five goals past the home side to clinch the Scottish Premiership in spectacular fashion for the supporters Two braces from Adam Idah and Nicolas Kühn, after the opening own goal from Ryan Strain saw the Bhoys in cruise control against the Arabs and ensured light work was made of winning Four-in-a-row Photo Vagelis Georgariou (The Celtic Star) Sky Sports honed in on the wideman when the final whistle went during the post-match celebrations amongst all the Celtic players and backroom staff Help raise funds for Celtic Youth Academy by playing the Celtic Pools Weekly Lottery and you could win up to £25,000 À lire égalementViljami Sinisalo reflects on his Glasgow Derby debut 🏴󠁧󠁢󠁳󠁣 Rangers and Celtic cancel each other out in cagey Glasgow derby Celtic starting XI for Glasgow derby at Ibrox Barça : nouvelle révélation fracassante sur la prolongation de Lamine Yamal Lamine Yamal, star du FC Barcelone, va bien prolonger son contrat avec son club de cœur jusqu'en 2030. Mais une grosse révélation a été faite sur cette prolongation, qui devrait... 🚨 Kings League France : les deux premiers qualifiés à la CDM sont connus Un lundi déjanté en Kings League a débouché sur deux qualifications directes à la prochaine Kings World Cup Clubs. Au cours de cette septième et dernière journée de la saison... 🎥 Kings League : tous les buts de la 6ème journée Retour sur les buts inscrits lors de la sixième journée de la Kings League France. La séance de rattrapage démarre maintenant.PANAM ALL STARZ - 360 NationF2R - FC SILMIUnit3d -... and he or she is likely to have a strong opinion about something known as “structured notes.” These complex products are sold as the “have your cake and eat it” investments of the wealth management world Their specialty is flexibility –some are geared toward growth and others toward income Returns are generally capped and in all cases the goal is to limit downside risk They are manufactured by big banks like JPMorgan using derivatives and are often sold as “stock market-linked” with “sleep well at night” protection typically ranging from six months to five years provide principal protection and sometimes offer annual yields of 10% or more structured notes were mostly the domain of hedge funds and other sophisticated investors or ultra-wealthy clients the notes are now being offered by scores of brokers and sold in bite-sized $1000 increments The current market volatility and uncertainty has caused them to surge in popularity structured notes market reached a record high of nearly $150 billion “I absolutely love structured notes,” says Anh Tran an independent advisor at $350 million (assets) SageMint Wealth in Irvine Structured notes make up about 30% of the allocation in most of Tran’s client portfolios “I’ve never had so many calls from advisors reaching out asking if we can talk to them about how we run our portfolios,” says Tran “Clients are using structured notes not because they’re ‘hot,’ but because they allow you to take more control of the outcome,” insists Michaelangelo Dooley Structured Note Strategies Portfolio Manager at $30 billion investment advisory NewEdge Dooley is referring to the fact that these securities can be tailor made to meet the demand created by specific market environments stock market notes offering income of 10-12% were popular “Each [note] is entirely different with the risk that it takes on Even within the same category—like contingent yield notes—two products might have similar structures but vastly different outcomes based on the underlying assets.” One could be tied to the S&P 500 Take Bank of Montreal’s freshly issued Senior Medium Term Notes which are one of the first products to roll off of a $78 billion shelf registration bear no interest and are designed to track the performance of the tech-heavy Nasdaq 100 Index The maximum gain noteholders are entitled to is 22.8% the Nasdaq100 is up 35% from its level on April 25 investors will only be entitled to $1,228.00 for each $1000 par amount note However if tech stocks continue to fall and the Nasdaq 100 is down 35% the BMO structured note holders get their original $1,000 returned Another type of structured note is known as a “buffered” note which typically track an index like the S&P 500 the first 30% is protected and the investor takes only the final 5% loss Contingent income notes offer periodic income—say 9% annually—as long as the underlying asset or index doesn’t fall below a preset barrier They are often “autocallable,” meaning they redeem early if the reference asset hits a high price target price this feature can allow for quick realization of gains and capital return But when markets stay choppy—like they have been in 2025—the notes may linger to maturity still paying income but testing investor patience If the index stays above a set barrier—commonly 60-75% of its initial value—the investor gets their principal back and the note’s return moves in tandem with the underlying asset meaning that the client assumes a 1:1 loss SVP of Product Strategy at alternative investments marketplace iCapital the current volatility has made these autocallable contingent income notes especially attractive these products offer yields in the 7–10% range with 30–45% downside protection,” he says “Advisors are using them to harvest volatility and generate income without taking full equity risk.” Following market events like Trump’s tariff announcement Kuefler noted quote requests surged by 140% week-over-week—clear evidence of rising advisor interest These novel securities are not without their costs Bank of Montreal charges advisory firms a 2.5% commission for creating the notes these notes also have limited liquidity and even under the best case scenario an investor would likely do just as well by investing in a high yield corporate bond fund which is inherently less risky and less complex about the same annual return you would achieve under the best case scenario with the BMO’s new Nasdaq100-Linked structured notes than to invest in one of these options-fueled funds “These ‘buffer funds’ are a marketing success and a failure for investors lured in by the overpromise of magical equity returns without equity risk and then overcharged for the pleasure,” writes Daniel Villalon Global co-head of portfolio solutions at AQR Like their broker-sold cousins “buffer ETFs” have soared in popularity recently assets have ballooned to $58 billion up from their inception in 2018 One of the most popular is Defined Wealth Shield ETF The $1.4 billion (assets) fund whose symbol BALT stands for “bond alternative” and like other buffer ETFs is designed to allow for some market gain participation but limit losses BALT allows investors to participate in S&P 500 gains capped at 2.47% each quarter but protects them from any losses up to 20% on the downside during the same quarter During 2024’s roaring 23% run in the S&P 500 BALT owners would have earned just under 10% with the S&P down 9% BALT is off only 1% Critics of structured investment vehicles argue that the complexity masks inefficiencies and cost They also warn that their perceived safety evaporates during black swan type economic events—like a global recession Structured notes are unsecured obligations and are thus only as sound as the financial institutions issuing them investors lost nearly all of their principal in the more than $18 billion in structured notes issued by Lehman Brothers “Banks and advisors make a ton of money on them,” says one Morgan Stanley advisor who asked to remain anonymous and receive alerts when they’re in the news Proactive financial news and online broadcast teams provide fast informative and actionable business and finance news content to a global investment audience All our content is produced independently by our experienced and qualified teams of news journalists Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London We are experts in medium and small-cap markets we also keep our community up to date with blue-chip companies commodities and broader investment stories This is content that excites and engages motivated private investors The team delivers news and unique insights across the market including but not confined to: biotech and pharma crypto and emerging digital and EV technologies Proactive has always been a forward looking and enthusiastic technology adopter Our human content creators are equipped with many decades of valuable expertise and experience The team also has access to and use technologies to assist and enhance workflows Proactive will on occasion use automation and software tools all content published by Proactive is edited and authored by humans in line with best practice in regard to content production and search engine optimisation NatWest Group PLC (LSE:NWG) is a ‘buy’ that offers investors ‘good’ momentum and only ‘modest’ downside risk pitch a 510p price target that suggests around 15% upside to the current market price of 444.5p solid balance sheet growth (core loans and deposits were up 3.5% and 2.9% year-over-year respectively and with good 4Q quarter-over-quarter momentum) good cost control and shrinking share count driving attractive EPS growth,” analyst Jason Napier writes UBS estimates some 9.2% growth on an earnings per share basis for the 2025/6 financial year Reacting to NatWest’s recent results UBS noted that pre-tax profit was above analyst consensus as is our 510p price target,” Napier added NatWest shares are up around 10% for 2025 to date Sign up to receive alerts and news direct to your inbox Autonomix Medical CEO Brad Hauser joined Steve Darling from Proactive to announce a significant milestone in the company’s development of breakthrough neuro-modulation technology The company has released a compelling new video testimonial from a patient who participated in the initial phase of.. 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Terms of use Fund managers are predicting significant increases in inflows and product launches in 2025 as they look to capitalise upon growing investor appetite for alternative assets and ETFs growing regulatory complexity and client pressure for higher standards are driving increased outsourcing of non-core functions according to new research from Carne Group Its annual report into industry ambitions and expectations for the year ahead, Change 2025, surveyed 251 international C-suite executives in fund management and 200 institutional investors together responsible for more than $4.6 trillion in assets under management (AUM).  When questioned on their outlook for fund flows this year with the vast majority (81%) expecting to see an increase in the flow of new capital into their funds and segregated accounts during 2025.  84% expect the number of new funds launching in their sector this year to be higher than in 2024 compared to just 14% of those surveyed last year as investors seek protection from continued volatility Drilling down into the asset classes set to benefit the most from inflows fund managers are firm in their belief that demand for private markets will continue to boom in 2025 with hedge funds and private equity being the alternative asset classes expected to see the biggest increases in fundraising this year.  84% of fund managers expect the level of fundraising by hedge funds to increase compared to last year while 72% expect an increase in flows to private equity and 31% a dramatic increase The corresponding figures for real estate are 71% and 33% while for private debt they are 59% and 24% downside protection and hedging opportunities looks set to be supported by market conditions with more than four in five institutional investors (83%) believing that the level of volatility in stock markets will rise this year up from 67% of those surveyed last year.  This predicted increase in volatility comes hand-in-hand with a rise in risk appetite Almost seven out of ten institutional investors (69%) predict that their organisation’s appetite for risk will be higher this year with 7% believing levels will be much higher Continued rise of ETFs also contributes to sector growth Exchange-traded products remain front of mind both for institutional investors and for asset managers looking to service client demand in 2025 89% of the equity and fixed income fund managers Carne surveyed currently offer either ETFs or ETPs – of those who don’t 89% expect to offer them within the next three to four years three-quarters of the managers surveyed say ETFs already account for between 10% and 15% of their total assets Managers expect this proportion to grow over the next five years which is also in accordance with investor expectations: 82% of institutional investors surveyed agree that investors are moving ETFs from short-term asset allocation strategies to core portfolio holdings Almost all fund managers expect regulation to become more complex Regulation continues to play a critical role in the evolution of the fund management sector 98% of fund managers and 99% of institutional investors questioned agree that regulatory complexity will increase over the next two years.  managers are increasingly recognising that support from specialist third parties can allow firms of all sizes to ensure regulatory compliance while also meeting the high standards expected by investors across multiple asset classes and jurisdictions 88% of fund managers questioned about their middle and back offices expect to increase their use of third-party service providers over the next 12 months with 49% anticipating a dramatic increase.  Managers say the biggest incentive for outsourcing to external providers is a request for higher standards better reporting and more transparency from clients This is followed by the growing burden of regulation difficulty in recruiting and retaining appropriate staff Institutional investors also plan to rely more heavily on external providers this year More than two-thirds (67%) will increase outsourcing in 2025 When asked to give the main reasons for increasing outsourcing institutional investors showed most concern about the ability to meet client requests for higher reporting standards followed by the growing burden of regulation said: “With fund managers anticipating a year of increased inflows and product launches 2025 offers grounds for optimism to a sector that has been contending with significant challenges from market volatility and continued focus on fees to industry-wide consolidation For managers looking to embrace this optimism it is clear that investor demand for alternative asset classes and the growing popularity of ETFs are two of the most critical opportunities for growth over the coming years.  managers will have several challenges to navigate in order fully to seize these opportunities with our research indicating that increasing regulatory complexity and client pressure for higher standards will be front of mind in the year ahead competition within private markets is becoming fierce with managers vying to seize the best investment opportunities deploy funds effectively at attractive margins and penetrate new client segments for additional capital inflows managers are increasingly recognising that outsourcing non-core functions to third-party specialists can offer transformative improvements in operational resilience and efficiency.” Retirement Almost 9 million people in the UK remain significantly underpensioned compared to the broader population Insurance and Protection L&G’s Group Protection business today launches the latest instalment of the third edition of its Chief Medical Offic… Investments Rumours of Cash ISA allowance cuts sparked a rush to ISAs in March whilst savers poured in £4.2 billion to the accounts… Podcasts we dive into one of the most exciting developments in personalised advice: behaviour… Regulation and Compliance head of responsible 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your visit More about our work to lower emission here Trump’s newest round of tariffs hit financial markets and added to downside risks to the economy while the Fed may find the outlook trickier writes Nordea Chief Analyst Jan von Gerich President Trump this week delivered his much-vaunted decision on reciprocal tariffs The US will start to apply a baseline 10% tariff on imports from all countries starting on 5 April while an individual reciprocal tariff will be added on a country-by-country basis which will kick in on 9 April. The EU will face a 20% tariff and which will come on top of the 20% Trump already imposed earlier this year Mexico and Canada were exempted from the reciprocal tariff for now which already had a levy of 25% imposed on them would not be hit by an extra reciprocal tariff if a trading partner retaliated with counter tariffs or if the situation in the US manufacturing sector worsened The economic consequences of the new tariffs are uncertain and depend on what else will be in store: how long the tariffs will be in place whether there will be further modifications and how the revenue from the tariffs will be used especially in the case of the US. Foremost, the near-term impact will depend on how confidence evolves We have already seen worrying signs in various uncertainty indices and lately also several US sentiment indicators have started to suffer if the tariffs come into force as planned and companies expect at least part of them to be short-lived activity in the near term could take a more sizable hit while companies wait for more certainty on what is ahead Various models give different results on the magnitude of the economic impact. The Peterson Institute for International Economics, for example, recently modelled how a 25% tariff on the EU would affect GDP and inflation growth in Germany would take a hit of around 0.4 percentage points at most vs the baseline the US economy would suffer clearly as well and given that only tariffs against the EU were modelled here the hit to the US economy should be much bigger when tariffs on all countries are taken into account the model suggests an upward move of around 0.5 percentage points at the point of peak impact depending on the country, enough to cause some further headaches for central banks but probably not enough to set the course for monetary policy on its own we think risks are tilted towards further ECB rate cuts at the coming meetings we still think that the upward inflation impact of the tariffs will keep the Fed on hold but if the deterioration in confidence worsens and growth takes a more notable hit rate cuts could rather quickly come back into play the Fed still considers current policy to be clearly in restrictive territory Market pricing of Fed rate cuts has increased rapidly and a 25bp cut is currently fully in prices by the June meeting while a total of around 100bp of cuts are in prices by the end of the year the dollar did not gain on the tariff announcement and EUR/USD actually subsequently surged higher further suggesting a weakened USD sentiment While our call of a lower EUR/USD to a large extent is based on interest rate differentials starting to favour the USD again more, risks to this view towards higher EUR/USD have increased clearly See the full article on Nordea Corporate, Macro & Markets: The day after liberation day I consult or invest on behalf of a financial institution To reach a different BlackRock site directly, please update your user type See how iBonds ETFs fit into your portfolio with our bond ladder tool Financial advisors have been considering more ways to seek downside protection for 3 main reasons - As many investors experienced first-hand in 2022 simply diversifying across stocks and bonds may not provide enough risk mitigation against changing market conditions sitting on the sidelines in cash or trying to time the markets can prevent investors from achieving their financial goals Rolling 12-month correlation of S&P 500 and Bloomberg US Aggregate Bond indices Calculation based on monthly returns from 12/31/2013 to 12/31/2024 Correlation measures how two securities move in relation to each other A correlation of +1 indicates returns moved in tandem -1 indicates returns moved in opposite directions Past correlations not indicative of future correlations An attractive opportunity for targeted downside protection: Advisors have more options today beyond structured notes or index-linked annuities to seek targeted downside protection The rapid pace of innovation in the ETF industry has provided advisors an opportunity to utilize innovative strategies to seek such outcomes and move towards a recurring fee-based model for their appropriate clients A way to differentiate your practice and attract new clients: By providing access to targeted protection ETFs advisors are better able to manage client expectations which promotes a healthier relationship with their clients These strategies are also used as a prospecting tool in a world where clients seek an innovative strategy from their financial advisor iShares Buffer ETFs seek to track the share price return of the underlying ETF while seeking to provide downside protection up to an approximate buffer against IVV losses for each applicable hedge period iShares offers 3 types of Buffer ETFs on IVV that seek the following: Gross and net expense ratios included below each fund ticker The funds aim to provide their respective approximate downside buffer against price declines of the Underlying over the hedge period before fees and expenses if held for the entire hedge period the investment adviser to the Fund and an affiliate of BlackRock Investments has contractually agreed to waive a portfolio of its management fees through11/30/2029 MAXJ These buy-and-hold ETFs are designed to be used in a long-term Where it fits within a portfolio depends on the investor’s overall risk tolerance and other holdings in the portfolio We believe there are four primary ways that Buffer ETFs can be used in portfolios: An investment in ETFs is not equivalent to and could involve significant risks not associated with an investment in cash Understanding the return caps that are set at the start of each buffer period allows advisors to provide attractive trade ideas to their clients if investors with significant cash allocations have a view that interest rates are on a pathway to fall within the next year they are able to seek a return on the iShares S&P 500 ETF up to 7.61% with the iShares Large Cap Max Buffer Mar ETF (for the next one-year starting April 1st while being protected on losses for the period.1 iShares Buffer ETFs enables investors to seek a new targeted level of protection in their portfolios with one common goal – to mitigate risk while seeking clearer outcomes Explore a range of iShares ETFs to meet your clients’ investing goals Discover what is behind the growth of outcome ETFs and why they can be a powerful tool within your practice model allocations and portfolio analytics powered by Aladdin® technology 1 The Fund aims to provide a 100% downside buffer against price declines of the Underlying for the 1-year period Read the prospectus carefully before investing There can be no guarantee that a Buffered Fund will be successful in its strategy to provide downside protection against Underlying ETF losses The Fund does not provide principal protection or non-principal protection despite the Approximate Buffer (the “Buffer”) an investor may experience significant losses on their investment including the loss of their entire investment A blended portfolio of Expiring Options and New Options during a Rebalance Period will impact the Fund’s ability to realize the full benefit of the Buffer or may subject the Fund’s return to an upside limit that is slightly lower or higher than the Approximate Cap (the “Cap") for the applicable Hedge Period investors may bear losses against which the Buffer is anticipated to protect and be subject to an upside limit that is lower than the Cap In the event an investor purchases Fund shares after a Hedge Period begins or sells Fund shares prior to the end of the Hedge Period the returns realized by the investor will not match those that the Fund seeks to provide the Fund’s return may be subject to downside protection significantly lower than the Buffer and an upside limit significantly below the Cap A new cap is established during each Rebalance Period and is dependent upon current market conditions The Buffered Funds invest in FLEX Options that derive their value from the Underlying ETF FLEX Options are subject to counterparty risk which is the risk that the other party in the transaction will not fulfill its contractual obligation and may be less liquid than other securities The value of FLEX Options may be affected by interest rate changes actual and implied volatility levels of the Underlying ETF’s share price and the remaining time until the FLEX Options expire the Buffered Funds’ NAV may not increase or decrease at the same rate as the underlying ETF’s share price The Fund is actively managed and does not seek to replicate the performance of a specified index and may charge higher fees than index funds due to increased trading and research expenses When comparing stocks or bonds and iShares Funds it should be remembered that management fees associated with fund investments are not borne by investors in individual stocks or bonds The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation offer or solicitation to buy or sell any securities or to adopt any investment strategy There is no guarantee that any strategies discussed will be effective The information presented does not take into consideration commissions which may significantly affect the economic consequences of a given strategy or investment decision This material contains general information only and does not take into account an individual's financial circumstances This information should not be relied upon as a primary basis for an investment decision an assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial professional before making an investment decision This information should not be relied upon as research or a recommendation regarding any products This material is strictly for illustrative or informational purposes and is subject to change Buying and selling shares of ETFs may result in brokerage commissions The Funds are distributed by BlackRock Investments ALADDIN and the iShares Core Graphic are trademarks of BlackRock All other trademarks are those of their respective owners AUD/USD is losing ground after the improvement toward a fresh four-month high of 0.6440 at the beginning of the week, showing the green light for a potential downside correction of the up leg 0.5913-0.6440. The technical oscillators currently confirm the weak movement in the market. The MACD is moving lower above its trigger and zero lines, while the RSI is pointing downwards, approaching the neutral threshold of 50. If the bears maintain control, the first support to look for would be the 38.2% Fibonacci retracement level of the downward wave from 0.6940 to 0.5913 at 0.6305. Just below, the 50-day and 20-day simple moving averages — currently at 0.6290 and 0.6270, respectively — are poised for a potential test, before potentially declining to the 23.6% Fibonacci at 0.6155. Alternatively, a rally above the 50.0% Fibonacci of 0.6425 and the latest peak of 0.6440 could encounter strong obstacles at the 200-day SMA at 0.6460 and the immediate resistance at 0.6470, achieved on December 9. A successful rally above these levels could send the bulls to the restrictive region of 0.6530-0.6550. To sum up, AUD/USD is still lacking a clear trend in the short- and medium-term timeframes, with the key level being the 200-day SMA for confirmation of a possible bullish move. That said, National Australia Bank (NAB) cited higher loan arrears as a key factor underpinning the decline in its first-quarter profits. According to a February 19 disclosure, Australia’s biggest bank acknowledged that profits had declined due to a higher number of its customers failing to make loan repayments on time, as well as from experiencing more intense competition for new customers, which, in turn, eroded the bank’s margins. Political influence may also prove decisive in subduing the performances of Australia’s biggest banks this year, with the Australian government expected to increase its scrutiny of the sector over the coming months. S&P predicted that Canberra will urge lenders to maintain some unprofitable services, although this demand is not likely to impact their credit ratings materially, as they should be able to manage any changes in costs. Although the RBA cut its benchmark interest rate on February 18 for the first time in five years, CBA reported growth in its net interest margin (NIM) during the quarter. But with higher living costs likely to persist for some time yet, the bank also warned that borrowers will remain under pressure to repay their outstanding loans. Save my name, email, and website in this browser for the next time I comment. Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Caroline D. Pham — Commodity Futures Trading Commission (CFTC) Scott O’Malia — International Swaps and Derivatives Association (ISDA) Marco Annunziata — Annunziata + Desai Advisors Ken Simonson — Associated General Contractors of America William C. Handorf — George Washington University School of Business Salvatore Cantale — International Institute for Management Development Peter Nathanial — International Institute for Management Development Xu Hu — Chinese Academy of Financial Inclusion (CAFI) Rafael Amiel — S&P Global Market Intelligence Maria Paula Bertran — University of São Paulo Alejandro Duran-Carrete — Alejandro Duran-Carrete Lucas Lopes de Freitas — University of São Paulo Rodrigo Caputo — Universidad de Santiago de Chile Constantin Gurdgiev — University of Northern Colorado Miguel Moreno Tripp — EGADE Business School Notifications can be managed in browser preferences. Researchers say that while TikTok can be an ‘incredible tool for raising awareness and reducing stigma’ Less than half of the claims made about symptoms of attention deficit hyperactivity disorder (ADHD) in the most popular videos on TikTok align with clinical guidelines, a new study has found. Two clinical psychologists with expertise in ADHD also found that the more ADHD-related TikTok content a young adult consumes, the more likely they are to overestimate both the prevalence and severity of symptoms in the general population. People with ADHD are known to suffer inattention, hyperactivity and impulsivity – and may struggle to concentrate on a given task, or suffer extreme fidgeting. Prescriptions for drugs for ADHD have jumped 18 per cent year-on-year in England since the pandemic, which underscores the need for accurate and reliable information, particularly on platforms popular with young people. In this latest study, published in the journal Plos One, the two psychologists evaluated the accuracy, nuance, and overall quality in the top 100 #ADHD videos on TikTok. They found the videos have immense popularity (collectively amassing nearly half a billion views), but fewer than 50 per cent of the claims made were robust. Furthermore, many TikTok creators shared personal experiences without indicating that they do not necessarily apply to everyone with ADHD, and might even occur for people who do not have the disorder, the study suggested. This lack of nuance may lead viewers to misinterpret symptoms or incorrectly diagnose themselves, it argued. As part of the work, researchers carried out a study with 2,843 undergraduate psychology students, including 421 self-diagnosed with ADHD and 198 with a formal diagnosis, on their beliefs and how they perceived the videos. The results showed that those young people who watched more of the ADHD content were more likely to recommend the videos, despite the unreliability of the information. The researchers, from the University of British Columbia at Vancouver, said that, at its best, mental health content on social media from peers with lived experience may help support people who otherwise feel alone and afraid. However, they said “easily digestible, short, and snappy videos created to grab users’ attention quickly may make it challenging to prioritise nuance”. They added: “Crucially, the TikTok algorithm, ultimately, aims to extend the time users spend on the platform. “To do so, TikTok leverages engagement cues such as viewing time, likes, comments, saves, and shares from previous visits to the platform to ensure the videos served to the user cater to their taste, in a process that can go largely unnoticed by users. “The human tendency for confirmation bias, by which users preferentially read information that supports their pre-existing beliefs about health issues, while ignoring or harshly evaluating information that contradicts them, may compound this process. “Repeated exposure to content that aligns with one’s pre-existing beliefs increases the content’s perceived credibility and the probability of sharing it, a phenomenon referred to as the echo-chamber effect.” The work also noted that TikTok content creators receive payments if they get lots of views, as well as selling products and attracting sponsorship. Lead author Vasileia Karasavva said: “TikTok can be an incredible tool for raising awareness and reducing stigma, but it also has a downside. “Anecdotes and personal experiences are powerful, but when they lack context, they can lead to misunderstandings about ADHD and mental health in general.” In the study, both clinical psychologists and the students were asked to rate the videos. Psychologists gave the more accurate ADHD videos an average rating of 3.6 out of five, while young adults gave them 2.8. The psychologists rated the least reliable videos at 1.1 out of five. Young adults rated them significantly higher at 2.3. This suggests that misinformation may be slipping through unnoticed by most young people, the study suggested. The team advised young adults to take action to verify social media information, such as cross-checking it with reputable sources such as medical websites, books and healthcare professionals. They should also see medical staff for guidance on ADHD and other concerns, as well as considering whether stress, anxiety or cognitive overload could be contributing to difficulties before assuming they have ADHD. Inattentiveness (difficulty concentrating and focusing) Dr Blandine French, from the University of Nottingham, welcomed the study, adding: “Social media can be a great source of support but shouldn’t be a place for diagnosis as it is not made for this. “It should be used alongside other more reliable methods, sources and information.” Professor Philip Asherson, from King’s College London, suggested the study may not capture all the traits of ADHD that many people experience. He said: “It is of interest that those with a formal diagnosis access TikTok most, followed by those with self-diagnosis. “This suggests that the main driver of looking at TikTok videos of ADHD is to learn more about ADHD, rather than the videos leading to excess self-diagnosis. “A more subtle but essential point is that many ADHD symptoms are a continuous trait/dimension in the general population. “So there is no clear boundary between those with clinically significant levels of ADHD symptoms and impairments, and those with higher than average levels of ADHD symptoms. “Many people who do not meet full ADHD criteria may nevertheless struggle with some ADHD symptoms at times and seek information on better to manage this aspect of their lives. “The videos are therefore of more general relevance than only adults meeting full ADHD criteria. Many self-diagnosed people may fall in this category.” Join thought-provoking conversations, follow other Independent readers and see their replies {"adUnitPath":"71347885/_main_independent/in_news/in_health/image/gallery_mpu_sb","autoGallery":true,"disableAds":false,"gallery":[{"data":{"title":"TikTok","description":"The US Supreme Court rejected TikTok’s appeal and unanimously upheld the law banning the app (PA)","caption":"Misinformation about attention deficit hyperactivity disorder (ADHD) on TikTok is widespread Misinformation about attention deficit hyperactivity disorder (ADHD) on TikTok is widespread After 100bp of interest rate cuts in late 2024 Chair Powell suggests that the Fed aren’t in a hurry to ease policy further and a no change outcome is widely expected on 19 March But President Trump’s spending cuts and trade protectionist policies are hurting growth prospects and will likely force the central bank’s hand in the second half of 2025 At the start of the year there was plenty of optimism around The economy was in decent shape and the expectation was that President Trump would come in and turbo charge the growth story with tax cuts and deregulation When combined with potentially inflation-boosting tariffs and immigration controls markets sensed the Federal Reserve would have less scope to cut rates As recently as 12 February financial markets were pricing only one 25bp interest rate cut for the year ahead it turns out that President Trump’s initial priorities are government spending cuts and trade protectionism This has heightened concerns about job cuts but also potentially amongst millions of private sector contractors employed in the government sector which may escalate significantly as President Trump seeks to reshore manufacturing activity is raising concerns about potential price hikes hurting consumer spending power and a fear amongst corporates that higher input costs could squeeze profit margins Reciprocal tariffs from foreign governments and consumer boycotts would then compound the problems for US exporters The result has been weaker sentiment and spending numbers Disappointing economic data and President Trump showing no sign of wavering in his commitment to these policies has led equity markets to take a dimmer view on the prospects for the economy Chair Powell will likely play down those fears in the post-meeting press conference he stated that “despite elevated levels of uncertainty economy continues to be in a good place.” He described growth and labour market numbers as “solid” and while acknowledging weaker consumer confidence prints he argued that “sentiment readings have not been a good predictor of consumption growth in recent years” As such “we do not need to be in a hurry [to alter monetary policy] and are well positioned to wait for greater clarity.” We therefore expect the Fed to largely retain their forecasts from December and signal that their base case remains two 25bp rate cuts this year There is no pressing need for additional rate cuts given that unemployment is low and inflation is still tracking hot and is likely to remain above target through the rest of the year given the impetus from tariffs the outlook for growth is cooling and the pressure for the Fed to offer more support to the economy will likely grow We expect falling new tenant rents to translate into lower CPI housing inflation prints in late 2025 and this should mitigate much of the inflation threat from tariffs This should give the Fed the room for interest rate cuts in September and December with a third 25bp move in March next year Chair Powell was asked one question on quantitative tightening (QT) He read out what seemed like a prepared statement basically saying nothing of any materiality But then the subsequent minutes showed that the path for QT was in fact a talking point among the committee members continued QT at the current pace would likely see bank reserves converge on US$3tn by mid-year 2025 That US$3tn area approximates 10% of GDP and is deemed to be something of a floor that the Fed would prefer not to get too much through The last time the Fed did QT they took bank reserves down to 7.5% of GDP There is an argument that say 9% of GDP might do but either way we'd see the move into single-digit territory as a % of GDP as the point at which the Fed would be minded to wind down QT the Fed would be a regular buyer of Treasuries With US$50bn to US$100bn rolling off the curve on a monthly basis the Federal Reserve would be buying that amount on the marketplace in order to keep their current holdings of Treasuries unchanged At the last FOMC meeting they broadly agreed to invest according to the capitalisation distribution of debt outstanding This means they will be buying right along the curve It won't be determinative for direction it returns us to the 'norm' where the Fed is a constant 'market participant' as it manages its reserves obligations on an ongoing basis the dots and Chair Powell's tone are the big issues for Treasuries But likely balanced out by tariff projections on inflation should Fed Chair Powell succeed in reining in some recession fears and bring market pricing back towards just two 25bp Fed cuts this year Whether the US stock market would like that remains to be seen but overall we could see the dollar enjoy a modest recovery against the G10 outperformers this year – the Scandi currencies the Japanese yen and even against the recently re-appraised euro Softer US activity and this year's 50bp dovish re-pricing in the 2025 Fed easing cycle have been major driving factors in the EUR/USD rally – as well of course as the prospects of looser fiscal policy in Europe So let's see whether any less troubling US data or Fed confidence can help the dollar find some kind of floor According to Material Indicators (@MI_Algos) BTC bid support at the YO level of $93.5k was removed with another block of bids stair stepping down This technical shift paves the way for potential downside volatility as traders prepare for Wednesday’s upcoming economic reports and the monthly close If BTC manages to reclaim and hold the $93.5k YO support it could trigger a significant short squeeze making this level a key focus for both bulls and bears in the near term (Source: Material Indicators on Twitter A comprehensive crypto analytics platform offering trading signals and market data Welcome to your premier source for the latest in AI and AI search tools—driving tomorrow's innovations today He’s the father of what you might call the orphan-industrial complex the discovery that there is a fantastic amount of money to be made out of the sentimental feelings aroused in the well-heeled and tender-hearted by waifs in general and orphans in particular It has taken more than a century for the orphan-industrial complex to reach its final form A report in yesterday’s Sunday Times described the experiences of a young Nepali girl called Rijya who grew up in a privately run orphanage in Kathmandu Rijya’s papers said that she had no parents and the staff at the home assured her of the same thing But the penny started to drop when she noticed adults showing up at the gates of the orphanage demanding to see their children Already a subscriber? 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Log in The proposed tariff schedule introduced by the Trump administration has heightened uncertainty for China’s construction industry The construction industry in China is expected to face downside risks in 2025 due to the ongoing trade war between China and the US Following the imposition of tariffs by US President Donald Trump’s administration on all Chinese imports demand for Chinese products is expected to decline in the coming period Given that the US is China’s largest trading partner the US tariffs would therefore indirectly cause knock-on effects for the Chinese economy as a whole and also adversely affect the beleaguered construction industry Despite the trade war between China and the US According to TradeMap (International Trade Centre) China exported goods worth $524.9bn to the US in 2024 China imported only $165.2bn worth of US goods last year Chinese exports to the US rose by 12% in March 2025 as businesses resorted to frontloading to avoid the impact of the higher duties According to the latest data released by the National Bureau of Statistics (NBS) grew by 9.1% year-on-year (YOY) in March 2025 following YOY growth of 2.9% during January-February 2025 the total value of imports from the US declined by 9.5% YOY in March 2025 after a modest YOY growth of 1.4% during January-February 2025 The Chinese economy is expected to be hit severely due to the tariff war could drive Chinese exports to the US close to zero The tariff hikes are also expected to place significant pressure on the Chinese labour market Already grappling with a property market slump the Chinese economy faces heightened risks the American multinational investment bank and financial services company reduced its growth forecasts for China on 10 April 2025 The country’s GDP is now expected to grow by 4% in real terms in 2025 and 3.5% in 2026 down from earlier forecasts of 4.5% and 4% downgraded China’s long-term foreign currency credit rating on 3 April 2025 citing weak public finances and rising debt levels China is likely to focus on domestic stimulus and maintaining a strong yuan to shift inflationary pressure onto the US Additional policy support is also expected to be introduced Goldman Sachs now forecasts that Chinese authorities will cut the policy rate by 60 basis points in 2025 up from previous expectations of 40 basis points To ease pressure from the ongoing US-China trade war Chinese electronics component manufacturers announced plans to offer discounts of up to 5% to Indian companies as part of new sourcing contract negotiations China extended an invitation to strengthen ties with the European Union (EU) to defend globalisation and push back against what it called US “bullying” tariffs China signed two agricultural trade protocols with Spain to deepen economic ties China aims to expand trade with countries hardest hit by Trump’s tariffs China and Vietnam signed multiple cooperation agreements to strengthen trade ties including efforts to enhance supply chains contributing to stagnation in labour markets and weakening aggregate demand High tariffs on all steel and aluminium products are expected to affect the sector significantly As steel and aluminium are critical construction materials the rising cost of these inputs is likely to impact construction output in the short to medium term Elevated material prices are expected to be passed on to consumers inflating construction costs and reducing the affordability of new builds In addition to existing weaknesses in industrial construction activity the intensifying US-China trade war is expected to dampen investor confidence potentially leading to reduced investment in the construction industry in the near term Don’t let policy changes catch you off guard Stay proactive with real-time data and expert analysis Navigate the shifting tariff landscape with real-time data and market-leading analysis Request a free demo for GlobalData’s Strategic Intelligence here Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network Connecting decision makers to a dynamic network of information Bloomberg quickly and accurately delivers business and financial information ShareSaveCommentMoneyMarketsMore Downside For Upstart Stock?ByTrefis Team Forbes contributors publish independent expert analyses and insights. Building a platform to do the job of 1 million analystsfor Great SpeculationsFollow AuthorApr 21 04:30am EDTShareSaveCommentCANADA - 2025/02/06: In this photo illustration the Upstart Holdings logo is seen displayed on a .. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Upstart’s main business model—linking borrowers and lenders via its AI platform—faces a significant hurdle: its vulnerability to interest rate shifts This sensitivity has shown up in the company's recent financial results: Evaluating Upstart’s financial health offers a mixed view: Several external risks weigh on Upstart's near-term outlook: Upstart trades above the S&P 500’s 2.8x though it’s consistent with its three-year average This suggests that investors are still expecting significant growth despite headwinds Though the stock is far below its recent highs and a relatively high valuation leaves limited margin for error Recent revenue growth shows that Upstart’s AI lending model can thrive in low-rate environments but the business remains highly exposed to broader economic cycles and credit market disruptions the key question isn't whether Upstart can grow in ideal conditions—it clearly can—but whether it can build the resilience to withstand downturns without the extreme volatility seen in its stock Holding on to a declining stock is never easy Trefis collaborates with Empirical Asset Management—a Boston-based wealth manager whose strategies produced gains even during the 2008-09 crisis when the S&P 500 fell over 40% Invest with Trefis Market Beating Portfolios | Rules-Based Wealth Analysis of potential US election outcomes—using tailored industry scenarios available as part of our Global Industry Service—shows that risks range from firmly negative to marginally positive in the various plausible post-November policy trajectories Our baseline forecast is for some form of divided government that will not alter the current trajectory of industrial growth If either side achieves a governing trifecta and fully implements its agenda there are differences: the growth consequences are mostly negative under former president Trump and mostly positive (albeit very marginal) under Vice President Harris For more insights on the 2024 US Presidential Election, click here. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world A French Rothschild banker offers a new way out Lining up in 2022 to buy diesel fuel in Colombo accepting a reduction in their principal and lower interest rates In exchange they get what’s called a sweetener giving them extra payments if the country’s economy improves—in some cases amounting to a multibillion-dollar jackpot But there’s a problem: Governments in poor countries have tended to lose out because debt payments often rise much more than they expected leaving taxpayers saddled with even heavier bills.