Fortune (April 11)
“Billionaire investor Warren Buffett is visiting Japan for the first time in more than a decade, and his thoughts are on his large—and growing—investments in the East Asian nation.” So far, it appears that “Buffett is looking to increase those stakes again.”
Tags: Billionaire, Buffett, Increase, Investments, Investor, Japan, Stakes
Investment Week (March 23)
“The UK’s higher than expected inflation results forced the Bank of England to prioritise bringing it down, rather than focusing on the fractures of the banking sector.” In February, “UK inflation hit 10.4%…an unexpected increase that followed three months of consecutive declines.”
Tags: 10.4%, Banking sector, BOE, Declines, February, Fractures, Increase, Inflation, Prioritize, UK, Unexpected
Wall Street Journal (November 1)
The European Union’s statistics agency released figures that surprised most economists. “Consumer prices were 10.7% higher in October than a year earlier.” This marks “the fastest rate of increase since records began in 1997, two years before the euro was launched,” while at the national level “Germany’s measure of inflation was the highest since December 1951.”
Tags: 10.7%, 1997, Consumer prices, Economists, EU, euro, Fastest, Germany, Highest, Increase, Inflation, October, Records, Statistics agency, Surprised
American Banker (June 21)
“The Federal Deposit Insurance Corp. plans to hike deposit insurance assessment rates next year — a move that would increase costs for banks as they continue to see high deposit growth more than a year after the last round of pandemic stimulus.” On Tuesday, “the FDIC voted to issue a notice of proposed rulemaking that would raise deposit insurance assessment rates by 2 basis points for all insured depository institutions.”
Tags: Assessment rates, Banks, Costs, Deposit growth, Depository institutions, FDIC, Increase, Insurance, Pandemic, Rulemaking, Stimulus
WARC (April 14)
Marketing spend is set to grow across all 15 major types of media. “Social media sees the largest net budget increase, at +53%, while print and AM/FM radio see the smallest net budget increase, but still at +13%.” Taken as a whole, “WARC Data forecasts global advertising spend to grow by 12.5% this year.”
Tags: Advertising, AM/FM, Budget, Data, Forecasts, Global, Increase, Marketing, Media, Print, Radio, Social media, Spend, WARC
Seattle Times (June 1)
The cannabis industry “had a breakout moment during the pandemic. Legal cannabis sales in the United States passed $17.5 billion in 2020, a 46% increase over sales in 2019. For many Americans, stocking up on marijuana was as essential as stocking up on toilet paper. And the industry found a way to get it to them.”
Tags: Breakout moment, Cannabis, Essential, Increase, Industry, Legal, Pandemic, Sales, Stocking up, Toilet paper, U.S.
The Week (May 23)
In April, the Consumer Price Index (CPI) rose more sharply than it has in 13 years, “putting data behind the warnings that many economists and businesses have been issuing for weeks.” Inflation is dramatically here. “The question is how long it will stay.” The increase may stem from random coincidences (like a pipeline shut down and insufficient chip supply) or they could be transient symptoms of economic rebooting. But the upward swing might also prove harbinger of runaway inflation to come.
Tags: April, Businesses, Chip supply, CPI, Economists, Increase, Inflation, Pipeline, Random, Rebooting, Transient, Warnings
Orlando Sentinel (June 21)
“Florida reported 3,494 new coronavirus cases Sunday, continuing the streak of an increase in statewide infections as the caseload total tops 97,000.” New cases were down from Saturday’s “record high” of 4,049 new daily infections.
Tags: Cases, Coronavirus, Florida, High, Increase, Infections, Record, Streak
Reuters (November 3)
“The Bank of England’s first rate rise in over a decade is for now at least a ‘one and done’ move, according to economists in a snap Reuters poll who said the next increase won’t come until after Brexit in March 2019.”
Tags: BOE, Brexit, Economists, Increase, One and done, Rate rise, Snap poll
Bloomberg (January 4)
“For the first year since 1989, foreigners sold Japanese stocks and missed a rally.” The TOPIX index gained 8.9% in dollars and 21% in euros, but overseas investors missed out on some gains by offloading more than 250 billion yen in Japanese shares last year. “The Topix capped a 9.9 percent gain in local-currency terms last year, its fourth straight annual increase. Combined with the yen’s resilience, that meant that the Topix outperformed the Standard & Poor’s 500 Index in dollars for the first time since 2008” and its “gain in euros was triple that of the Stoxx Europe 600 Index.”
Tags: 1989, Dollars, Euros, Foreigners, Gains, Increase, Japan, Offloading, Rally, S&P 500, Stocks, Stoxx Europe 600, Topix, Yen
