CES

Welcome a New Age of Seamless and Professional Charging with the Baseus Blade2 Ultra-Thin Laptop Power Bank

Retrieved on: 
Monday, March 11, 2024

Lightweight and Modular Design: A key feature of the Blade2 Ultra-Thin Laptop Power Bank is its impressively flat and weightless design.

Key Points: 
  • Lightweight and Modular Design: A key feature of the Blade2 Ultra-Thin Laptop Power Bank is its impressively flat and weightless design.
  • Compatibility Across Devices: Enjoy seamless charging across multiple different devices with the Baseus Blade2 Ultra-Thin Laptop Power Bank and recharge laptops, cell phones, game consoles, headphones, and more.
  • Baseus strives to reduce the carbon footprint left behind by producing advanced technologies, such as the Blade2 Ultra-Thin Laptop Power Bank, using eco-friendly materials.
  • The Blade2 Ultra-Thin Laptop Power Bank was created to match devices in both aesthetics and performance by providing seamless and unparalleled charging, performance, and convenience.

Debate on: Is the inflation surge over and what are the lessons for monetary policy?

Retrieved on: 
Wednesday, April 3, 2024

Shocks to the shortages variable are constructed as deviations in the values from the sample mean.

Key Points: 
    • Shocks to the shortages variable are constructed as deviations in the values from the sample mean.
    • Shocks to the vacancy-to-unemployment ratio (labour market variable) are constructed
      as the actual value minus the value in the fourth quarter of 2019.
    • ?Indirect impact of energy prices on non-energy inflation? is the sum of the indirect effects of oil,
      gas and electricity prices.
    • 3

      Historical
      Rubric comparison of inflation episodes in the euro area ? headline and core
      Headline

      Core

      (percentage points)

      (percentage points)
      Current euro area episode
      Past global episodes

      Current euro area episode
      Past global episodes
      2

      2

      0

      0

      -2
      -4

      -2

      -6
      -8

      -4

      -10
      -12

      -24

      -18

      -12

      -6

      0

      6

      12

      18

      -6

      24

      Months around inflation peak

      -24

      -18

      -12
      -6
      0
      6
      12
      Months around inflation peak

      18

      Sources: BIS, Eurostat and ECB calculations.

    • The dark blue line represents the latest developments in headline and core inflation for the euro area, relative to the October
      2022 peak.
    • Non-energy industrial goods inflation refers to a panel of all euro area countries, while services inflation refers to
      a panel of 30 AEs and 28 EMEs.
    • Month = 0 is when the headline inflation value is at the highest during that particular episode.
    • The dark blue line represents the latest developments
      in non-energy industrial goods and services inflation for the euro area, relative to the October 2022 peak.
    • unprocessed
      food and energy

      HICPX

      8
      3.0

      3.0

      2.5

      2.5

      2.0

      2.0
      1.5

      1.5
      1.0
      Feb-24

      Jul-24

      1.0
      Dec-24 Feb-24

      Jul-24

      8

      7

      7

      6

      6

      5

      5

      4

      4

      3

      3

      2

      2

      1

      1

      Adjusted
      measures

      Difference
      4

      3

      2

      1

      0
      0
      0
      Feb-24 Jan-23 Jul-23 Jan-24
      Jan-23 Jul-23 Jan-24
      Feb-24 Jan-23 Jul-23 Jan-24
      Feb-24

      Dec-24

      Sources: Eurostat, March 2024 ECB staff short-term inflation outlook, Consensus
      Economics, Bloomberg and ECB calculations.

    • The ?adjusted?
      measures abstract from energy and supply-bottleneck shocks using a large SVAR, see
      Ba?bura, Bobeica and Mart?nez-Hern?ndez (2023), ?What drives core inflation?
    • Notes: 5-days moving average risk-neutral
      probabilities of inflation implied by five-year and tenyear zero-coupon inflation options.
    • 16

      8

      12
      Quarters

      16

      20

      Policy
      Rubriccounterfactuals
      Interest rate under alternative
      counterfactuals

      Counterfactual impacts on
      Inflation

      (percentages per annum)

      (annual percentage change)

      Baseline
      Earlier and longer
      Earlier, longer and higher

      8

      Baseline

      7
      6
      5
      4
      3
      2
      1
      0
      -1
      2021Q4

      2022Q4

      2023Q4

      2024Q4

      Earlier, longer and higher

      10

      2

      8

      0

      6

      -2

      4

      -4

      2

      -6

      0

      -8

      -2

      2025Q4

      Earlier and longer

      Output gap

      (p.p.

    • The RHS chart displays the impact on inflation (first panel) and output gap (second panel) for each of the hypothetical alternative paths of the interest
      rate.
    • As a caveat, financial feedback loops as well as feedback loops between inflation expectations and inflation are not activated.

ECB Consumer Expectations Survey results – February 2024

Retrieved on: 
Wednesday, April 3, 2024

This box investigates how households have responded to the 2021-23 inflationary episode using evidence from the ECB’s Consumer Expectations Survey.

Key Points: 
  • This box investigates how households have responded to the 2021-23 inflationary episode using evidence from the ECB’s Consumer Expectations Survey.
  • The findings suggest that households have primarily adjusted their consumption spending to cope with higher inflation.

How have households adjusted their spending and saving behaviour to cope with high inflation?

Retrieved on: 
Wednesday, April 3, 2024

The findings suggest that households have primarily adjusted their consumption spending to cope with higher inflation.

Key Points: 
  • The findings suggest that households have primarily adjusted their consumption spending to cope with higher inflation.
  • The decline in the saving rate in 2022 and 2023 was mainly attributed to increased spending on recreation and travel, mostly driven by high-income consumers.

Consumer participation in the credit market during the COVID-19 pandemic and beyond

Retrieved on: 
Tuesday, April 2, 2024
Tax, BLS, Face, La Cava, Liquidity, Journal of Economic Perspectives, Special, MRO, Recovery, Next Generation, Child, Interview, Transport, Attanasio, Consumer behaviour, DFR, Research Papers in Economics, Post-Keynesian economics, Gross domestic product, .177 caliber, Great Moderation, European Commission, Vaccine, Employment, Loan, PDF, Hall, House, ECB, Unemployment, Risk, Shock, Education, Rutgers University Press, Quarterly Journal, Policy, Real estate economics, EU Council, Woman, HHS, World Health Organization, Section 4, Clutch (eggs), MIT Press, Omicron, De Nederlandsche Bank, Social science, Federal Reserve Bank, Modigliani, EDS, JEL, Christian Social Union (UK), Female, Section 3, COVID-19, The Journal of Finance, Journal, Classification, News, Journal of Monetary Economics, Oxford Economic Papers, Death, Insurance, Journal of Economics, FRB, FED, Credit, HFCS, Economy, Deficit reduction, Vaccination, Princeton University Press, Literature, CES, Application, University of Oxford, Paper, R.E, Quarterly Journal of Economics, Section 2, European Central Bank, Civil service commission, C23, COVID, Conference, European Council, Central bank, Lifting, HH, Political economy, Consumer confidence index, European Parliament, MIT, RRF, Monetary economics, Household, Perception, Section 5, Bank, Structure, Reproduction, Website, HICP, Aimé Dossche, Working paper, Housing, Cambridge, Massachusetts, Heart, Fabbri, American Economic Review, Partner, Data, Collection, Probability, Government, Real estate

We find that credit demand is highest when

Key Points: 
    • We find that credit demand is highest when
      the first lockdown ends and it drops when supportive monetary compensation schemes are implemented.
    • Credit is more likely to be
      accepted under favourable borrowing conditions and after the approval of national recovery plans.
    • We also find
      that demographic, economic factors, perceptions and expectations are associated with the demand for credit and
      the credit grant.
    • First, it adds to a rapidly growing literature on household
      borrowing behaviour during the COVID-19 pandemic; see, for example, Ho et al.
    • We provide evidence that credit applications and credit acceptances display a different pattern over
      time.
    • Credit is more likely to be accepted under favourable borrowing conditions and after the
      approval of national recovery plans.
    • In almost all countries
      households are significantly less likely to apply and to get their credit approved than in Germany.
    • In line with literature, we show that
      demographic and economic factors affect the probability for credit applications and credit approval.
    • In addition,
      the paper shows that consumer perceptions and expectations matter when they decide to apply for credit.
    • Introduction

      The participation of households in the credit market receives wide attention in the consumer finance literature
      because consumer credit enters the monetary policy transmission mechanism through the so-called ?credit
      channel?: changes in credit demand and supply have an effect on consumers' spending and investment, which in
      turn affect economic growth.

    • We use microdata from the ECB?s Consumer Expectations Survey (hereinafter CES), a survey that
      measures consumer expectations and behaviour in the euro area.
    • Its panel dimension allows for an assessment of
      how consumer behaviour changes over time and how consumers respond to critical economic shocks.
    • This way we can gauge how credit applications and credit acceptances change under different, almost
      opposite, borrowing conditions.
    • We also distinguish between the demand for long-term secured loans (mortgages) and for short-term
      uncollateralized loans (consumer loans).
    • ECB Working Paper Series No 2922

      3

      We use probit models to estimate the probability of the consumer to apply for credit and the credit being granted.

    • The rate peaks in 2020Q3 which reflects the rebound in the demand for loans when the first lockdown ended.
    • In almost all countries households are significantly less likely
      to apply and to get their credit approved than in Germany.
    • However,
      when it comes to credit acceptance, we observe that the two groups of households are more similar.
    • Finally, we find some heterogeneity with respect to the type of credit, particularly between secured and unsecured
      debt.
    • The demand for
      consumer credit is insignificant for liquid households and decreases significantly for constrained households in
      the last two quarters of our timespan.
    • The first consists of a recently growing literature which
      explores consumer behaviour in the credit market during the COVID-19 pandemic, mostly in the United States.
    • Sandler and Ricks (2020) show that consumers did not use credit card debt for financial liquidity in the early stage
      of the COVID-19 pandemic.
    • (2020) report that credit card applications and new mortgage loans
      declined during the first months of the pandemic in regions with more unemployment insurance claims.
    • Lu and
      Van der Klaauw (2021) show that there was a sharp drop in consumer credit demand, especially for credit cards.
    • (2022) document that there was a substantial decrease in the usage of credit cards and home equity lines
      of credit by Canadian consumers.
    • Our paper is also consonant with studies on the association between financial and demographic factors and
      consumers? participation in the credit market as well as on the demand for specific types of credit.
    • January 2020 ? October 2020 - The two main events are the outbreak of the COVID-19 pandemic and the
      consequential lockdowns in the euro area.
    • 4 If the
      respondent has applied for more than one type of credit, she is asked to refer to the most recent credit application.
    • Between 2021Q3 and 2022Q3 the acceptance
      rate stays above the average values, mirroring the easing of credit standards for consumer credit and other lending
      to households during this period.
    • Second, we can investigate the presence of nonlinearities in how liquidity and the credit type interact in explaining credit applications.
    • (2023) ? who show that in the United States the local pandemic severity had a strong
      negative effect on credit card spending early in the pandemic, which diminished over time.
    • First, we select mortgages and consumer credit as the two mostly reported categories for secured and

      13

      The full estimation results are reported in Table 3.

    • The right-hand side panel of Figure 6 shows that the demand for consumer credit is insignificant for both liquid
      and illiquid households.
    • It also shows that
      subjective perceptions of credit access, financial concerns and expectations on interest rates matter for the demand
      for credit.
    • In Bertola, G., Disney
      R., and Grant, C. (eds) The Economics of Consumer Credit, Cambridge MA, MIT Press.
    • Horvath, A., Kay, B. and Wix, C. (2023) The COVID-19 shock and consumer credit: Evidence from credit card
      data.
    • Magri, S. (2007) Italian households? debt: The participation to the debt market and the size of the loan.

BLUETTI Launches SwapSolar on Indiegogo, Elevating Your Outdoor Experience

Retrieved on: 
Thursday, February 22, 2024

The SwapSolar is not just a product; it's an answer to your outdoor power needs, ice-making desires, and long-distance travel cooling cravings - all in one.

Key Points: 
  • The SwapSolar is not just a product; it's an answer to your outdoor power needs, ice-making desires, and long-distance travel cooling cravings - all in one.
  • The AC180T ensures your independent outdoor power supply off the grid, while the MultiCooler's 3-in-1 design provides excellent coolness and efficiency.
  • As BLUETTI's spokesperson, James Ray, aptly puts it, "We want users to savor the joy of outdoor life.
  • Power up and keep your food fresh at once, it's time to go wild with BLUETTI!"

Hesai Group Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

Retrieved on: 
Monday, March 11, 2024

SHANGHAI, China, March 11, 2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months and full year ended December 31, 2023.

Key Points: 
  • Q4 2023 Total lidar shipments were 87,736 units, representing an increase of 84.6% from 47,515 units in the corresponding period of 2022.
  • “2023 was another record year for Hesai as we continued to substantially outperform our lidar peers and extend our leading market share.
  • We delivered stellar full-year financial and operational results, including robust revenue growth, soaring shipments and solid blended gross margin, all surpassing our prior expectations.
  • We expect the third and fourth quarters orders to jump even further to about 200,000 units per quarter, a 4x increase from our expected first quarter shipments.

TOMI Environmental Announces Additional iHP Custom Engineered System Installation Contracted for California

Retrieved on: 
Thursday, February 29, 2024

FREDERICK, Md., Feb. 29, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, today announced the signing of a new contract for a SteraMist iHP Custom Engineered System (CES) installation with a California-based life sciences company.

Key Points: 
  • FREDERICK, Md., Feb. 29, 2024 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, today announced the signing of a new contract for a SteraMist iHP Custom Engineered System (CES) installation with a California-based life sciences company.
  • The contracted iHP Custom Engineered System (CES) is valued at approximately $600,000.
  • Following a presentation by Dr. Halden Shane, CEO of TOMI, at an ISPE event hosted by Avid Bioservices, the contractors recognized the benefits of the automated iHP Custom Engineered System showcased in Avid's new facility and brought SteraMist iHP to the customer as an option.
  • Shane, COO of TOMI states, “We’re pleased to announce this new CES contract and look forward to continuing our growth momentum.

Synchronoss to Unveil New Version of AI-Powered Personal Cloud Platform at Mobile World Congress

Retrieved on: 
Wednesday, February 21, 2024

BRIDGEWATER, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced it will showcase the latest version of Synchronoss Personal Cloud at Mobile World Congress on February 26-29, 2024, in Barcelona, Spain.

Key Points: 
  • BRIDGEWATER, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced it will showcase the latest version of Synchronoss Personal Cloud at Mobile World Congress on February 26-29, 2024, in Barcelona, Spain.
  • Purpose-built for telecom operators and mobile service providers, Synchronoss Personal Cloud delivers a robust platform to backup and manage files, photos, videos, and digital content stored on mobile phones and other devices.
  • “We’re looking forward to unveiling the latest evolution of the Synchronoss Personal Cloud platform at Mobile World Congress,” said Jeff Miller, President and CEO of Synchronoss.
  • The new features of Synchronoss Personal Cloud are being rolled out to millions of subscribers, including cloud users at AT&T, Verizon, and SoftBank.