The Great Reshoring
With the outbreak of the COVID-19 pandemic, supply chain disruptions became prevalent, prompting several Western countries to initiate campaigns focused on reshoring and nearshoring.
Go Deeper (3 min read)Netflix Gains Momentum with Ad-Supported Tier
The streaming service recently disclosed that its more affordable ad-supported option has garnered five million monthly active users. Furthermore, in areas where this tier is available, approximately 25% of new subscribers are opting for it.
Go Deeper (2 min read)Japan Is Back
The Topix Index in Japan has reached its highest level since August 1990, indicating the return of foreign investors. Year-to-date, the Tokyo Price Index has recorded a gain of over 6%.
Go Deeper (2 min read)Inflation Is Hard To Tame
In a prepared speech for a monetary policy conference at the Hoover Institution, Bullard stated, given the current macroeconomic conditions, it can be argued that monetary policy now lies at the lower end of what is considered sufficiently restrictive.
Go Deeper (3 min read)US Small Business Confidence Hits a 10-Year Low
In April, the National Federation of Independent Business (NFIB) reported that small business confidence in the US declined to the lowest level in more than a decade.
Go Deeper (2 min read)More from Markets
Dollar Falls As The Fed Appears More Cautious
On Thursday, the US dollar was on track to experience its longest losing streak in two-and-a-half years after the Federal Reserve hinted that it may end interest rate hikes, which investors believe are no longer necessary.
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Contagion Contained, For Now...
Japan's top government spokesperson reassured the markets that the country's banking system was stable and would not be affected by the banking sector woes in the US and Europe.
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Is Credit Suisse Done?
Credit Suisse has announced that it will borrow up to $54 billion from the Swiss central bank in order to stabilize its liquidity and restore investor confidence.
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Investors Dump Banking Stocks
On Thursday, the four largest US banks by assets, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, saw $52.4bn wiped off their market value.
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London Is Loosing Out
This growing exodus highlights the UK's struggle to attract and keep companies, despite the government's efforts to revive the City and entice businesses from competing exchanges.
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The Mystery of the U.S. Economy
Dana Peterson, the chief economist at the Conference Board, believes that the sharp decline of the U.S. business group's Leading Economic Index indicates that a recession will soon take hold in the United States.
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