Economy

Omicron Variant Questions Loom Over Economy

The new variant of Covid-19, known as Omicron, was originally discovered last week throughout South Africa and since then has put the world on alert

Continue reading →

UK Attempts to Strengthen its Manufacturing Sector & Overseas Trade

The UK government has just released its plan to provide a boost to the country’s annual exports by £1 trillion at the end of the decade. The “Made in the UK Sold to The World” plan is designed to help UK companies capture new opportunities in global and international markets

Continue reading →

Labor Report Indicates Robust Job Market

It's a hallmark sign of this strange pandemic labor market: America had a record 10.1 million jobs available in June, as businesses struggled to hire enough staff to support the full reopening of the economy

Continue reading →

Chip Shortage Hits Consumers

With no end in sight for the global chip shortage manufacturers have begun raising prices for chips of all kinds as demand continues to skyrocket. Consumers are beginning to feel the impact of the chip shortage as producers of computers and other electronics increase the price of their products as well

Continue reading →

Materials Squeeze Drive Prices Higher

In recent months, several events have taken place that have greatly affected the supply chain and resulted in global shortages for numerous products such as construction materials and electronics. The result of these shortages is an expected increase in price by up to 20%. After the Suez Canal blockage in March, as well as the global chip shortages associated with the drought in Taiwan (which is the leading chip producer in the world), products across the spectrum have been at a shortage and are expected to continue to be for years to come

Continue reading →

San Francisco’s Tech Fiefdom is Dying

San Francisco’s tech fiefdom is dying. That’s good for America. If you’re a member of the burgeoning American upper-middle-class or have relationships with any such yuppies, you have probably heard about “tech-xodus.” The term refers to the rapidly rising rate of techies leaving San Francisco

Continue reading →

All Eyes on India

12.07.20 - India is arguably going to be the most relevant rising country of the early 21st century. Over the last 20 years it has seen some of the fastest growth world averaging between 6%-7%. What makes India incredibly unique among the rising economies is its youth. In 2019 the average age in India was 26 compared to China at 38 and the United States at 37. India’s voice will carry serious weight on the international stage

Continue reading →

New Economic Partnership In the Pacific

11.16.20 - China has just joined economic forces with more than a dozen countries across the Asian Pacific region with the signing of a huge free trade deal nearly a decade in the making

Continue reading →

Americans Are Sitting On $2.5 Trillion Savings Bomb

11.09.20 - A $2.5 trillion cash pile hoarded by consumers may be all it takes to drive the economic recovery from the COVID-19 pandemic, according to The Leuthold Group's chief investment strategist James Paulsen

Continue reading →

Trouble In America's Dairyland

10.13.20 - Three years after landmark legislation was passed promising Foxconn Technology Group billions in tax credits with a groundbreaking ceremony in Mount Pleasant Wisconsin, the company will not be receiving any state tax credits for work done in 2019

Continue reading →

Sanctions Slam Chinese Tech Manufacturers

09.28.20 - New sanctions have reportedly been imposed on the Chinese chip manufacturer SMIC. The company is China’s largest chip manufacturer and the move threatens Beijing’s drive to become more dominant in an increasingly critical section of the technology industry

Continue reading →

India's Economy Shrank 23.9% In Three Months

08.31.20 - India's economy contracted at the fasted pace ever in the three months following June as the lockdowns imposed due to the COVID-19 pandemic hit the countries consumer base and investments hard

Continue reading →

Remote Work Options Send Shockwaves Through Cities

08.17.20 - The biggest losers of the pandemic is America’s urban centers. Both San Francisco Bay and New York may be the biggest losers of this crisis. With big tech offering long-term remote work options to employees, people are leaving expensive urban centers in droves. Facebook, Google, Twitter, and Slack are offering remote work options up to a year in some cases and as a result, employees are leaving to places like Arizona, Colorado, and Texas

Continue reading →

Viva La France

07.06.20 - The second-biggest economy in the European Union returned to growth this month, even as activity in the rest of the region continued to decline. The $3 trillion French economy grew this month for the first time since February, as coronavirus restrictions were eased and domestic consumption ticked up, according to a closely watched survey. An initial reading of the country's Purchasing Managers' Index, which tracks activity in the manufacturing and services sectors, jumped to 51.3 in June from 32.1 in May. Readings above 50 indicate an expansion

Continue reading →

BP Offers Grim Forecast on the Future of Oil

06.15.20 - BP’s potential $18 billion write-down underscores just how significant a turning point 2020 is becoming for the oil industry. It baldly acknowledges that the major hydrocarbon producers are sitting on oil fields that will never be developed — because the pandemic has curbed energy demand and increased the desire for renewables within the supply mix

Continue reading →

Things Get Worse Before They Get Better

05.26.20 - As many areas within the country have started a process of easing the lockdown, many estimate that the worst could soon be behind us in a matter of a month. A senior White House advisor, however, recently told CNN’s Poppy Harlow that things could ugly before we see that improvement. Kevin Hassett, the senior White House economic adviser in question, thinks the unemployment rate may rise to 23% by June before decreasing

Continue reading →

Tyson Warns of Food Shortages

04.27.20 - Tyson Foods is warning Americans that "millions of pounds of meat" will disappear from grocery store shelves as the current pandemic pushes food processing plants to close – resulting in product shortages in throughout the supply chain across the country

Continue reading →

The Economic Powerhouses of the 2010s Now Are in Recession

02.24.20 - Financial markets have closed out for the previous week with a note of anxiety. Recent economic data has shown that multiple of the world’s top economies are struggling, and as the outbreak of the coronavirus continues to shake up markets, the concern has compounded these slumps

Continue reading →

Empire of The Setting Sun

02.17.20 - Japan's economy shrank at the fastest rate since 2014, as it was hit by a sales tax rise, a major typhoon, and weak global demand. Gross domestic product (GDP) dropped by a much steeper than expected 6.3% at the end of 2019

Continue reading →

What About The Little Guy?

02.10.20 - The US economy continues to surge, according to the data. Job growth is the strongest it’s been in recent memory, wages are rising, the housing market seems robust and healthy, and the service sector seems to be in the midst of a boom. Given these strong numbers on the domestic economy, it seems reasonable to ask ourselves why small American companies that do most of their business domestically seem to continue to struggle

Continue reading →

Bridges to Nowhere and Driverless Cars

02.10.20 - As China continues to scramble to react to the Coronavirus, the economic consequences are getting worse. With entire provinces shut down production and global supply chains are threatened and lie in disarray. Before the launch of the trade war China was already slowing, the trade war and US tariffs caused another inhibitor on China’s growth, and now a health crisis is adding even further pressure

Continue reading →

Back to The Negotiating Table

02.03.20 - The U.K. formally left the European Union on Friday, marking the end of tough negotiations and political play both in Europe and domestically within the U.K.. But as Britain begins its life outside of the political union it had been tied to since the 1950s, new negotiations are set to begin over a future trade deal between Britain and Europe

Continue reading →

The Economics of World War Z

01.27.20 - The heavily reported on coronavirus outbreak in China has spooked the entire world, as we all conjure up images from some of our favorite apocalyptic Hollywood films. But as the world of memes and the internet has their fun with a serious situation, investors are on high alert for possible economic repercussions of the outbreak as financial markets respond

Continue reading →

Yeah Okay, Fine. We'll Talk About Davos

01.21.20 - The world’s elite have gathered in Switzerland for the 50th annual World Economic Forum to discuss issues such as the world economy and climate change. As the eyes of the world shift to Davos (the infamous location of the annual gathering), many eagerly await to see how the rich and powerful plan to tackle the most serious issues facing the globe

Continue reading →

A New Deal, A New Era

01.21.20 - Previous presidential administrations did very little as China paid no regard to WTO (World Trade Organization) rules, gaining an unfair advantage in trade markets since joining the organization in 2001

Continue reading →

Weak Auto Sales In China Are Telling

01.13.20 - Ford and GM have both reported horrible years in their Chinese sales for the third consecutive year - dropping 26.1% overall as the country battles a prolonged sales decline. China’s auto market is projected to contract by 2% this year as the economy weakens due to trade disputes with the United States

Continue reading →