Wednesday, December 7News That Matters
Shadow

Author: Waqas-Ch

In meeting with President Alvi, Dar discusses economy

In meeting with President Alvi, Dar discusses economy

What's Hot
Federal Minister for Finance Senator Mohammad Ishaq Dar speaks to President Arif Alvi during a meeting at the Aiwan-e-Sadar on December 7, 2022. — Finance DivisionISLAMABAD: In his latest meeting with President Arif Alvi Wednesday, Finance Minister Senator Mohammad Ishaq Dar discussed the country's overall economic situation.In a statement, the Finance Division said the discussion took place when the finance minister called on the president at the Aiwan-e-Sadar. FinMin Dar briefed the president on "the overall economic situation of the country, and the steps taken by the government to provide relief to the most vulnerable segments of society", the statement said.The statement mentioned that various matters concerning finance, economy, and rehabilitation of flood affectees were al...
Inside Logan Eggleston’s quest for an NCAA volleyball title for Texas, an even loftier title for herself: POTUS

Inside Logan Eggleston’s quest for an NCAA volleyball title for Texas, an even loftier title for herself: POTUS

Sports
BACK IN OCTOBER, a few days after Texas suffered its first and only loss of the 2022 NCAA volleyball season, Logan Eggleston sat down and braced herself.Coach Jerritt Elliott had asked the senior captain, the Longhorns' star player, the team's everything, to stop by his office. With bags under her eyes, she watched her coach of five years scan her weary face."I am worried about you," he said.Tears pricked the corners of Eggleston's eyes. She took a deep breath. She didn't want to cry; tears meant weakness.The 6-foot-2 outside hitter on the No. 1 volleyball team in the country had less than six weeks left in her college career, and she wasn't playing her best. Worse yet, time was running out for her to achieve practically the only goal that had eluded her during her time at Texas: winnin...
Ashton Kutcher talks Vasculitis side-effects: ‘Suddenly you can’t see,’ prioritizing kids with wife Mila Kunis

Ashton Kutcher talks Vasculitis side-effects: ‘Suddenly you can’t see,’ prioritizing kids with wife Mila Kunis

What's Hot
Ashton Kutcher is giving insight into the impairment he experienced while suffering from Vasculitis."There's a standard you become accustomed to in your life, like, being able to see clearly," Kutcher said in conversation with Dr. David Agus for the new Paramount+ series "The Checkup with Dr. David Agus.""And then suddenly, you can't see," he revealed.Kutcher revealed earlier this year that he had since recovered from a flare-up of the autoimmune disease, which he experienced three years ago. He told Dr. Agus he was "close" to being back-to-normal. Actor Ashton Kutcher attends the premiere of "Vengeance" during the 2022 Tribeca Festival at BMCC Tribeca PAC on June 12, 2022 in New York City. (Photo by Mark Sagliocco/WireImage)MILA KUNIS OPENS UP ABOUT HOW SHE AND ASHTON KUT...
Aaron Judge agrees to 9-year, $360M deal to stick with Yankees, sources confirm

Aaron Judge agrees to 9-year, $360M deal to stick with Yankees, sources confirm

Sports
Aaron Judge answered baseball's burning offseason question Wednesday, agreeing to a nine-year, $360 million contract to remain with the New York Yankees, sources confirmed to ESPN.Judge, 30, hit free agency after one of the greatest seasons in baseball history, hitting an American League-record 62 homers to break the mark set by Roger Maris in 1961. Judge earned his first MVP award while hitting .311/.425/.686 with an AL-leading 131 RBIs.Judge's historic season came after the outfielder failed to reach a contract extension with the Yankees ahead of Opening Day, with general manager Brian Cashman publicly revealing that the team's final extension offer was seven years, $213.5 million.2 RelatedAfter the season, team owner Hal Steinbrenner said he wanted Judge to be a Yankee for life and m...
Mass Long-Covid Disability Threatens the Economy

Mass Long-Covid Disability Threatens the Economy

Business
Comment on this storyCommentForget the work-from-home revolution or quiet quitting: The Covid-19 pandemic’s biggest impact on the US labor market will be as a mass disability event. It’s a shock that the economy is not well prepared to handle.An estimated 1 in 4 Covid patients experience symptoms lasting months. In principle, not all of them should have to leave the labor force. First, they should be able to call in sick. If work-impairing symptoms persist beyond a week or two, they should have the option of requesting reduced hours or claiming short-term disability benefits. Only in severe cases, lasting several months or more, should they have to transition to long-term disability insurance. Unfortunately, that’s not how things operate in practice. Almost a quarter of US private-secto...
Consumers’ caution around holiday spending is the highest since 2013, CNBC survey shows

Consumers’ caution around holiday spending is the highest since 2013, CNBC survey shows

What's Hot
Shoppers at the King of Prussia mall in King of Prussia, Pennsylvania, on Saturday, Dec. 4, 2021.Hannah Beier | Bloomberg | Getty ImagesAmerican shoppers plan to watch their wallets closely this holiday shopping season, with 41% saying they plan to spend less this year than last, according to the CNBC All-America Economic Survey. It marks the most cautious holiday season since 2013.Zoom In IconArrows pointing outwardsCNBC All-America Economic SurveyThe survey found that average spending intentions for gifts fell about 10% from last year to $907 from $1,004 in 2021 when Americans were flush with cash from government stimulus. This year, though wage expectations are up and Americans feel secure in their jobs, high inflation and concern about the economy and housing prices look to be sappi...
New Mexico State suspends basketball player after shooting

New Mexico State suspends basketball player after shooting

Sports
LAS CRUCES, N.M. -- New Mexico State University announced Tuesday that it will hire an external, third-party investigator to review the events surrounding last month's fatal shooting of a student from the University of New Mexico.NMSU athletic director Mario Moccia said Monday night that Aggies power forward Mike Peake has been suspended indefinitely from the basketball team in connection with the Nov. 19 shooting. He added that neither he nor the school could comment on Peake's enrollment status as a student.Peake, 21, has not been charged in the pre-dawn shooting on the University of New Mexico's campus in Albuquerque hours before the host Lobos were to play the Aggies. That game was canceled along with the Dec. 3 rematch in Las Cruces."Mike is suspended from our basketball team until...
Morgan Stanley downgrades Airbnb on travel demand concerns, see shares falling the next 12 months

Morgan Stanley downgrades Airbnb on travel demand concerns, see shares falling the next 12 months

Business
After a tough year, Morgan Stanley sees even more downside for Airbnb . Analyst Brian Nowak downgraded the short-term home rental stock to underweight from equal weight. He also slashed his price target to $80 per share from $110. The new target implies downside of 14% from Tuesday's closing level of $93.12. Nowak pointed to potentially slowing active listings growth over the next few years as a key risk for the stock. He noted: "While active listings have grown at a 12% '18-'22 [compound annual growth rate], we see this slowing to a 7% '22-'25 CAGR going forward due to scale and law of large numbers." "Our supply model combined with reported nights booked enable us to calculate that ABNB is currently running at 35% occupancy in '22, consistent with '21 (35%) but up from 32% pre-COVID,"...
San Francisco Giants agree with Mitch Haniger on 3-year, $43.5M deal

San Francisco Giants agree with Mitch Haniger on 3-year, $43.5M deal

What's Hot
8:32 PM ETJeff PassanESPN CloseESPN MLB insiderAuthor of "The Arm: Inside the Billion-Dollar Mystery of the Most Valuable Commodity in Sports"The San Francisco Giants agreed to terms with outfielder Mitch Haniger, the team announced Tuesday, filling a hole in the Giants' outfield as they continue their free agent pursuit of American League MVP Aaron Judge.The deal is for three years and $43.5 million and includes a player opt-out after the second year, sources told ESPN's Jeff Passan.Haniger, who turns 32 later this month, has posted star-caliber numbers in the two seasons he has been healthy, but has struggled with injuries throughout his major league career, most of which he spent in Seattle. With the Mariners last season, he hit .246/.308/.429 with 11 home runs and 34 RBIs in 57 game...