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The Economist (February 3)

2018/ 02/ 05 by jd in Global News

University degrees are becoming more widespread. In South Korea, for example, 70% “of pupils who graduate from the country’s secondary schools now go straight to university… up from 37% in 2000.” The cost of a degree is also rising and evidence suggests ROI is falling. Still, “most young people will want a degree. It may not boost their earnings as much as they had hoped, but without one, they will probably fare even worse,” as a degree has also become the entry level threshold for many positions.

 

Fortune (January 4)

2018/ 01/ 05 by jd in Global News

“By the end of the first three working days of the year, the U.K.’s top bosses will each have earned on average as much as a typical worker will take home in all of 2018, according to a report. While the difference in compensation appears stark, it narrowed slightly compared with the previous year.” Studies show “earnings for CEOs in the U.K.’s benchmark FTSE 100 dropped by a fifth in 2016 to 4.5 million pounds ($5.4 million)” and that the CEO-to-worker pay ratio stood at around 120 to 1, much lower than the 347 to 1 of S&P 500 companies.

 

Barron’s (November 20)

2017/ 11/ 22 by jd in Global News

According to Bank of America Merrill Lynch’s Ajay Kapur, “Asian and emerging markets could easily double over the next two years or so….  It is really earnings that are driving Asian markets. Global growth is not that strong, but it is pervasive. Of the 38 countries from which we get purchasing-managers index information, 87% are above 50, which means they are expanding. That’s the highest since 2011.”

 

Fortune (June 19)

2017/ 06/ 21 by jd in Global News

Amazon’s all-time high stock price put founder Jeff Bezos ”about $4 billion away from overtaking Gates, who is worth about $90 billion…. Since Bezos net worth is largely tied to his 78.9 million shares of Amazon, becoming the world’s richest person is completely within the realm of possibility. After all, his net worth has already shot up by $19.3 billion in the last six months thanks to strong earnings and growing investor confidence in the economy, sending Amazon’s stock 35% higher since the start of the year.”

 

Euromoney (February Issue)

2017/ 02/ 22 by jd in Global News

“New accounting rules requiring banks to take upfront charges against possible losses through the full life of a loan promise damaging pro-cyclicality.” IFRS 9 comes into effect next January. It “will require banks to recognize expected loan losses even before borrowers miss a single interest or principal repayment.” This major change “will hit both reported earnings and capital even if a borrower manages to remain current on debt servicing.” Uncertainty abounds, but it looks like “US and Japanese banks will be subject to their own variant, current expected credit loss (CECL), under US GAAP.”

 

Time (September 13)

2016/ 09/ 14 by jd in Global News

“The median household income for a family in America surged last year, the first time since before the Great Recession when there was a year-over-year increase in earnings. Median household income in the United States was $56,516 in 2015, an increase of 5.2% in inflation-adjusted dollars from the 2014 median of $53,718.”

 

Bloomberg (April 4)

2016/ 04/ 05 by jd in Global News

“Foxconn’s chairman won’t have long to celebrate.” The takeover of Sharp will prove far easier than its turn around. “With a sprawl of businesses making appliances, solar equipment and flat panels for mobile devices, Sharp is seeing its earnings deteriorate every quarter, yet as part of the rescue deal, Gou pledged to keep the company intact, respect its independence and try to preserve jobs.”

 

Institutional Investor (December 28)

2015/ 12/ 28 by jd in Global News

“U.S. earnings have declined for four straight quarters, and market participants are taking notice.” This decline in corporate profits may “signal a looming recession.”

 

Institutional Investors (August 15)

2015/ 08/ 17 by jd in Global News

“As earnings season winds down, investors around the globe are left to consider how a shifting macro environment will impact different asset classes and geographies.” Fears of a continuing yuan devaluation “will factor into perceptions of nearly all the major data points that will emerge.”

 

Institutional Investor (May 5)

2015/ 05/ 05 by jd in Global News

“The long-lasting oil price slump is reverberating through macroeconomic data points and this earnings season.” Oil and gas exploration companies are getting hammered. And “the impact of lower investment and employment in the energy sector was also reflected in disappointing first-quarter U.S. GDP data.”

 

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