Washington Post (April 9)
“Trump grabbed a life preserver. In announcing a 90-day pause on most tariffs… he acknowledged, however reluctantly, the harsh realities of economics, foreign policy and domestic politics.” While the pause is “indeed worth rejoicing,” it is only a partial pause as the trade war continues with China. “Investors, business and consumers will still be living with uncertainty. For the long term, Trump and his team are well advised to come up with a less volatile economic strategy.”
Tags: Business, China, Consumers, Economic strategy, Economics, Foreign policy, Investors, Lfe preserver, Partial, Pause, Politics, Realities, Tariffs, Trade war, Trump, Uncertainty, Volatile
Wall Street Journal (March 21)
“At this point you have to ask: Is China’s economy real anymore?” While recent “economic news out of Beijing sounds so good,” it is driven by non-sustainable “subsidies for upgrades of business and household equipment.” Mr. Xi has fallen “back on the export dependence that so irritates trading partners while leaving China’s economy as vulnerable as ever to foreign protectionism.”
Tags: Beijing, Business, China, Economy, Equipment, Export dependence, Household, Irritates, Protectionism, Subsidies, Sustainable, Trading partners, Upgrades, Vulnerable, Xi
Inc. (October 4)
There was “a collective sigh of relief from U.S. business owners and economic officials” with Thursday’s agreement “to send 45,000 striking longshoremen back to work, and reopen nearly 40 East and Gulf Coast ports that had been closed since Tuesday.” The move “allows nearly half of the nation’s imports and exports to begin flowing again, and avoid the serious blow to retailers and industrial companies—and the wider economy—that could have occurred if the walkout had continued.”
Tags: Agreement, Business, East coast, Exports, Imports, Industry, Longshoremen, Officials, Owners, Ports, Relief, Reopen, Retailers, Striking, U.S.
The Week (June 28)
“There may be no bigger scramble in business right now than the race to dominate retail media,” which is expected to “account for more than a fifth of all digital ad spending in 2024.” The stakes are high. Amazon, for example, “earned $46.9 billion from retail ads,” which was more than all of Coca-Cola’s global revenue “and makes Amazon the third-largest advertising platform in the United States, behind only Google and Facebook.”
Tags: $46.9 billion, 2024, Advertising platform, Amazon, Business, Coca Cola, Digital, Dominate, Facebook, Google, Race, Retail media, Scramble, Spending, U.S.
Forbes (March 15)
“As the Bank of Japan mulls its biggest policy pivot in roughly 25 years, no major economy may benefit more than China,” helping to counter the headwinds zooming China’s way.” Hoping to supplant the dollar as the global currency, China is hesitant to devalue its own currency. Yet, “for China, falling prices will just further undermine business and household confidence. It’s here where a rising yen could counter the headwinds zooming China’s way. And make China the real winner as the BOJ calls it quits on QE next week.”
Tags: BOJ, Business, China, Confidence, Devalue, Dollar, Falling, Global currency, Headwinds, Household, Major economy, Policy pivot, Prices, Rising yen, Undermine
San Francisco Chronical (May 27)
“State Farm, California’s largest property and casualty insurer as of 2021, stopped issuing home, business and casualty insurance policies in the state Saturday, citing wildfire risks and rising construction costs…. The state has suffered increasingly massive and destructive wildfires in recent years, leading to scarcer and more expensive insurance policies in wildfire-prone zones.”
Tags: Business, California, Casualty, Construction costs, Destructive, Home, Insurer, Massive, Policies, Property, Rising, Risks, State Farm, Wildfires
Bloomberg (February 22)
“Unloved during the pandemic with their business paralyzed almost overnight, airlines that cut back to survive the crisis are now blowing through profit forecasts and luring back investors.” Surging demand amid a tight labor market may be grating for travelers, but “for investors, it means some of the airlines they own are generating more than twice as much revenue per worker than they were two years ago.”
Tags: Airlines, Business, Crisis, Investors, Pandemic, Paralyzed, Profit forecasts, Revenue per worker, Surging demand, Survive, Tight labor, Unloved
Wall Street Journal (January 15)
“Despite signs that inflation has started to recede, economists still expect higher interest rates to push the U.S. economy into a recession in the coming year…. On average, business and academic economists polled by the Journal put the probability of a recession in the next 12 months at 61%, little changed from 63% in October’s survey.”
Tags: Academic, Business, Economists, Economy, Inflation, Interest rates, Recede, Recession, Survey, U.S.
Institutional Investor (September 9)
“The pandemic has made Europe’s top executives smarter… and humbler. From supply-chain issues to unforeseen social and cultural hurdles, business leaders in Europe and around the world have learned hard and valuable lessons over the last two years.”
Tags: Business, Cultural, Europe, Humbler, Hurdles, Leaders, Pandemic, Smarter, Social, Supply chain, Unforeseen
Wall Street Journal (December 17)
“Who wins from Brexit? New York.” No matter how “current negotiations between the U.K. and EU end, U.S. swap exchanges stand to gain European business.”
Tags: Brexit, Business, EU, Gain, Negotiations, New York, Swap exchanges, U.K., U.S., Wins
