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by Matthew Rusling WASHINGTON, May 18 (Xinhua) -- Investors are biting their nails as they wait for the market to hit bottom, so they can scoop up stocks at a discount and make a killing when shares rebound. But it's anyone's guess when the market will bottom out. The Dow Jones Industrial Average plunged over 1,000 points on Wednesday, after news of a disappointing earnings report from retail giant Target, which sparked yet another sell-off among jittery investors. That news came as savvy, long term investors eagerly await a bottom so they can purchase stocks at a discount, as well as get some clarity on when the market might head back upward. But economists and analysts are far from unified over when a bottom will occur. Desmond Lachman, resident fellow at the American Enterprise Institute and a former official at the International Monetary Fund, told Xinhua the economy is headed for a hard landing that will tame inflation but disrupt the stock market. But the silver lining … [Read more...] about News Analysis: U.S. markets tumble, but bottom remains unknown

by Matthew Rusling WASHINGTON, May 18 (Xinhua) -- After two monotonous years of working from home amid the pandemic, Americans are opening their wallets, going out and spending - despite record inflation. But this may not last. Retail sales, a measure of how much consumers spend on products including food, automobile and gasoline, increased 0.9 percent in April from the prior month, the U.S. Commerce Department reported Tuesday. "The surprisingly robust jump in retail sales is a very good sign," Bernard Baumohl, chief global economist at The Economic Outlook Group, told Xinhua. "I think it's an indication that Americans are still willing to spend, despite the fact that they have shown to be in a dour mood when the confidence surveys are taken," Baumohl said. "The key thing here is to keep an eye on what consumers are actually doing, not how they describe their feelings," Baumohl said, referring to recent consumer sentiment polls that do not track actual spending. The … [Read more...] about News Analysis: Americans shell out cash on retail, despite record inflation

Fox News' Tucker Carlson is set to speak in a video address this week at CPAC Hungary 2022 (Conservative Political Action Conference) alongside Hungarian Prime Minister Viktor Orbán. CPAC Hungary 2022, the first such conference to be held in Europe, will be hosted by the Center for Fundamental Rights and the American Conservative Union (ACU) on May 19 and 20 in Budapest. As the war between Ukraine and Russia rages on and Finland and Sweden have submitted their NATO applications, it is expected that speakers will reflect on the future of Europe and NATO as well as on conservative issues. Orbán, who is a long-time supporter of Putin and did choose to side with other EU countries in imposing some sanctions on Moscow following the invasion of Ukraine, is to be the keynote speaker at the event. "We know that we are facing serious challenges. CPAC Hungary is looking for the answer to how we can protect Western civilization, true Western values, how we can resist the attacks of … [Read more...] about Tucker Carlson, fierce NATO critic, to speak at ‘CPAC Hungary’ with Orbán

A Georgia man accused of murder was fatally shot hours after he was released on bond, according to authorities. Damien Felton, 27, was shot outside his home in the 700 block of Harold Street, in Macon, on Saturday morning. The incident happened just hours after Felton was released on a $75,000 bond on Friday night, according to local station WSB-TV . The Bibb County Sheriff's Office (BCSO) stated in a news release on Saturday: "It was reported that 27-year-old Damian Devonta Felton Sr. was fatally wounded by a gunshot wound while he was outside of his residence. "The circumstances surrounding the incident are under investigation. According to Coroner Leon Jones, the next of kin has been notified." Police did not identify any suspects or motives in the fatal shooting. An investigation has been launched. Felton had been on a murder charge over the death of 26-year-old Amond Norwood, whose body was found in May 2021. The body was discovered under a mattress close to an … [Read more...] about Man accused of murder is shot dead hours after being released on bond

Pakistani billionaire Mohammad Zahoor has given Ukraine fighter jets to aid in their battle as Russia's invasion of the country continues, according to his wife. Zahoor's wife, the Ukrainian singer Kamaliya Zahoor (known professionally as simply Kamaliya), said that her husband and other wealthy friends had been quietly helping Ukraine in its fight against Russia, Ukraine's TSN reported on Wednesday. "[Mohammad] gave me the green light to tell this. Because they hid these [actions]. They gave two fighter jets to Ukraine and help Ukraine," she said during the program Morning with Ukraine . It is not clear when Kamaliya made these comments. Since the Russia-Ukraine war broke out in late February, Zahoor, who used to live in Ukraine and was the former owner of the Ukrainian newspaper Kyiv Post , has been pushing to ensure the safe evacuation of Ukrainian citizens, according to a Khaleej Times report. The report said that the Karachi-born billionaire had been attempting … [Read more...] about Pakistani billionaire buys fighter jets for Ukraine, his famous wife says

Prince William and Kate Middleton have been hit by a fake break-up rumor picked up and spread by MSN.com. There is nothing to suggest the Duke and Duchess of Cambridge are experiencing marital problems and they appeared happy together during a visit to Scotland on May 11. However, an article on French-language website Oh My Mag wrongly suggested Kate had walked out with the couple's three children, the website's publisher told Newsweek . MSN.com then ran a translation hosted on its own website, while a link to the story was posted to its 227,600 Twitter followers on May 17. Outlandish conspiracies about the British royal family appear in the world's media from time to time but what is notable about this example is the role MSN.com played in giving the story the potential to reach a mass audience in Britain and America. A spokesperson for Groupe Cerise, which owns Oh My Mag , told Newsweek : "This story is indeed false and has been published by accident. We are … [Read more...] about Prince William and Kate Middleton false break-up story spreads

Alphabet unit Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries for their news and will roll out a tool to make it easier for others to sign up too, the company told Reuters. The move to be announced publicly later on Wednesday followed the adoption of landmark EU copyright rules three years ago that require Google and other online platforms to pay musicians, performers, authors, news publishers and journalists for using their work. News publishers, among Google ‘s fiercest critics, have long urged governments to ensure online platforms pay fair remuneration for their content. Australia last year made such payments mandatory while Canada introduced similar legislation last month. ALSO READ: End Of An Era: The Apple iPod Is Dead “So far, we have agreements which cover more than 300 national, local and specialist news publications in Germany, Hungary, France, Austria, the Netherlands and Ireland, with many more … [Read more...] about Google Paying More Than 300 EU Publishers for News, More to Come

A tan-loving mum has been left with a golf ball-sized hole and 'Frankenstein' stitching on her face after what she thought was a tiny bump turned out to be cancer. Misty Ovens was diagnosed with basal cell carcinoma, a form of skin cancer, last month but was left in shock when she saw the results of the surgery to remove it. The mum-of-three said she used sunbeds an average of once a week for 10 years during her youth but became far more vigilant at protecting her skin following a life-changing breast cancer diagnosis in 2011. Misty, 44, is now keen to raise awareness of the importance of wearing and reapplying sunscreen. Misty was left with a hole by her right eye ( Image: Kennedy News and Media) She was shocked to see her own face ( Image: Kennedy News and Media) Misty, of Richland, Washington, US, said: "I felt like I was stitched up like Frankenstein. The hole was the circumference of a golf ball but wasn't as deep as one. "I was really shocked … [Read more...] about Ex-sunbed addict left with golf-ball sized hole in face as tiny bump leads to cancer

Chelsy Davy, the former girlfriend of Prince Harry, has tied-the-knot with hotelier Sam Cutmore-Scott – who happens to be the brother of a Hollywood star. It seems 36-year-old Chelsy and the 37-year-old Prince have seen their lives mirror one another in the 11 years since they split – as Harry married a Hollywood star too in the form of Meghan Markle. And while Chelsy hasn’t married an actor herself, she will be rubbing shoulders with Tenet and Dunkirk star Jack Cutmore-Scott at her future family gatherings as she tied-the-knot with his brother Sam. Reports have emerged to state Chelsy and Sam swapped vows at a low key wedding – with the pair also recently welcoming a child together. Prince Harry's ex-girlfriend Chelsy Davy has married the brother of a Hollywood star ( Image: PA) Prince Harry is of course now married to Hollywood star Meghan Markle ( Image: Getty Images) While the exact date of the wedding is not clear, a source told the Daily … [Read more...] about Prince Harry’s ex-girlfriend Chelsy Davy marries brother of Hollywood star

A mansion on its own private island in Montana, US, has gone on the market for $72m (£58m). Measuring across 45,000 sq ft, the property truly is monstrous in size and is rumoured to have its own monster that lurks beneath the surface of the surrounding water. It's been rumoured for hundreds of years that in the water around the home lives its very own lake monster similar to Scotland's 'Nessie' Flathead Lake, which is the largest natural inland body of water west of the Mississippi, has been said to be the home of the mysterious water creature 'Flessie'. Get the news you want straight to your inbox Sign up for a Mirror newsletter here The mansion is for sale for $72M ( Image: Jam Press/Hall & Hall) It's believed the bizarre legend of the sub-aquatic creature decked out in deer antlers started over 100 years ago by the Kutenai Indian Tribe. However, sightings are still being reported of 'Flessie' and the property listed on TopTenRealEstateDeals … [Read more...] about Private island mansion on the market for £58m but underwater ‘surprise’ may put you off