Financial Times (December 10)
“The world’s leading semiconductor companies are racing to make so-called “2 nanometre” processor chips that will power the next generation of smartphones, data centres and artificial intelligence.” While TSMC “remains the analysts’ favourite to maintain its global supremacy in the sector… Samsung Electronics and Intel have identified the industry’s next leap forward as a chance to close the gap.”
Tags: 2 nanometre, AI, Chips, Data centres, Gap, Intel, Leading, Next-generation, Processor, Samsung, Semiconductor, Smartphones, Supremacy, TSMC
Bloomberg (May 12)
“The euro short-term rate, or ESTR, is currently 10.5 basis points below the central bank’s deposit rate, which is at its highest in 15 years. That’s close to the biggest gap on record…. It’s a sign the ECB’s aggressive rate hikes aren’t rippling out to banks and the economy, making it much harder for the central bank to meet its 2% inflation target.”
Tags: Aggressive, Banks, Deposit rate, ECB, Economy, ESTR, euro, Gap, Inflation target, Rate hikes, Record, Rippling out
CNBC (November 13)
As large U.S. retailers report earnings, inventory levels will dominate the gaze of analysts and investors. Retailers including Walmart, Target and Gap “are trying to sell through a glut of extra merchandise piling up in store backrooms and warehouses…. Balancing inventory has taken on additional urgency, as economists warn of dwindling savings accounts, rising credit card debt and the risk of a recession.”
Tags: Analysts, Debt, Dominate, Earnings, Economists, Gap, Glut, Inventory, Investors, Merchandise, Retailers, Risk, Savings, Target, Urgency, Walmart, Warehouses
Bloomberg (January 18)
“China’s successful control of Covid-19 made it the only major economy to have grown last year, but a wide income inequality gap and still weak consumer spending reflects an unbalanced recovery.”
Tags: China, Consumer spending, Control, COVID-19, Gap, Income inequality, Major economy, Successful, Unbalanced recovery, Weak
Chicago Tribune (September 26)
“The gap between the haves and have-nots in the United States grew last year to its highest level in more than 50 years of tracking income inequality.” Demographics is one of the drivers. “On one side, at the peak of their earnings, are baby boomers who are nearing retirement, if they haven’t already retired. On the other side are millennials and Gen Zers, who are in the early stages of their work life and have lower salaries.”
Tags: Baby boomers, Demographics, Earnings, Gap, Gen Zers, Income inequality, Millennials, Retirement, Salaries, U.S., Work
The Economist (March 22)
“Global spending on basic infrastructure—transport, power, water and communications—currently amounts to $2.7 trillion a year when it ought to be $3.7 trillion. The gap is almost as big as South Korea’s GDP. And it is likely to grow fast.” To close the gap, governments need to step forward, and new ways need to be found to coax private capital investment in infrastructure.
Tags: Communications, Gap, GDP, Government, Infrastructure, Investment, Power, Private capital, South Korea, Spending, Transport, Water
