Corporate news, financial markets, and economic trends
Industrial profits in China had crashed by 17.8% in August 2023 compared to the same period last year, giving rise to many serious concerns over the successful recovery and stability of the country’s economy. This was despite experiencing a modest increase of 4.1% made in July that had given it some momentum for rejuvenation. The…
The carrier said it intends to greatly reduce its service and staffing from Hartsfield-Jackson Atlanta International Airport under a broad cost-cutting initiative that the Wall Street Journal today said was prompted by activist investor Elliott Investment Management. Over 200 flights per week in and out of Atlanta will be curtailed. The number of flights covered…
As Donald Trump prepares for possibly a second term in office, his economic policies have seen renewed interest—specifically his tough stance on trade. While much attention was directed toward China, observers point out that U.S. allies also have much at stake as Trump ups the ante on tariffs and uses his new unilateralist international trade…
The rate cuts by the Federal Reserve have been followed by recent record highs in the Dow Jones and S&P 500, an addition to the value of 401(k) portfolios. As the cost of borrowing decreases further, so do more chances of investing and growth for companies, bringing with it higher stock prices to benefit your…
2024 has not been a good year for Britain since issues related to its trade with Europe are getting worse as Brexit is ‘choking.’ 2024 reports say that Brexit has increasingly continued to strangle ‘retail import and export sales volume between the United Kingdom and the European Union, as the worst is seen by analysts…
