Chinese Exports Fall To Their Lowest Level In 2 Years
In November, Chinese exports decreased at their fastest rate in more than two years. It is the largest drop in outbound shipments from China since February 2020, when a statewide lockdown brought about a halt to economic activity led to a 8.7% drop year over year.
Go Deeper (2 min read)The Charles Schwab Corporation
Located in the United States, The Charles Schwab Corporation is a global provider of financial services. Both retail and institutional clients can take advantage of its banking, commercial banking, investment, consultancy and wealth management advisory services.
Go Deeper (8 min read)U.S. Wages Growth Could Feed Inflation Further
In November, the U.S. economy created 263,000 new jobs, and the unemployment rate stayed at 3.7%, indicating ongoing resilience in the labor market.
Go Deeper (2 min read)Real Estate Space Gets A Hit
As they downsize, the large technology corporations that fueled U.S. office demand for years as they built up their empires are now breaking leases and saturating commercial areas with office space.
Go Deeper (2 min read)Shoppers Are Back
Although Americans spent more time and money shopping on Black Friday than they did the year before, certain figures indicate that they were also cautious with their spending as inflation put a strain on their wallets.
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Southwest Airlines, Moving America
Southwest Airlines is one of the major airlines of the United States and the world's largest low-cost carrier. It is headquartered in Dallas, Texas, and has scheduled service to more than 120 destinations in the United States.
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FTX Is Done
Binance CEO Changpeng Zhao (also known as CZ) tweeted over the weekend that the company will liquidate its stakes in FTT, the fiat-currency created by FTX which is the third largest crypto exchange.
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Stripe To Reduce Headcount By 14%
Stripe CEO Patrick Collison stated in a letter to staff that 2022 has been more difficult than previous years. The company blamed inflation, energy shocks, higher interest rates and lower investment budgets for the company's slowdown.
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Policy Changes Ahead For The Fed?
The Fed's benchmark federal-funds rate has increased by 0.75 points for the fourth straight time, with the hike approved on Wednesday, bringing it to a range between 3.75% and 4%.
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Big Tech Is Crashing
Amazon anticipates fourth-quarter revenue to be between $140 billion and $148 billion, up 2% to 8% from the same period last year. Refinitiv reports that analysts were anticipating sales to total $155 billion.
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The Procter & Gamble Company (P&G) is an American consumer goods giant specializing in a wide range of personal care and hygiene products. P&G is one of the world’s largest consumer goods company with net sales of $80.1 B in 2022.
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