BRICS Surpasses G7 on GDP
Photo of BRICS leaders courtesy of Wikipedia under Creative Commons Attribution 2.0 Generic license. According to a new report from Acorn Macro Consulting, the BRICS group, made up of the…
WTO Sees Food Prices At Risk Of Massive Spikes
On Wednesday, the World Trade Organization (WTO) released its Global Trade Outlook report, which showed food prices soared 18% globally last year, including a 21% increase in the cost of…
German Defense Contractors Score Big Business In Wake Of Ukraine Conflict
On Wednesday, Bloomberg reported that German defense contractors are seeing profits soar as orders are backlogged and the world looks to rearm amid the war in Ukraine. The news outlet…
IMF Director Warns World Economic Outlook Weakest In Decades
On Thursday, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva predicted the world economy will face is weakest growth since the 1990’s over the next five years,…
Morgan Stanley Sees Apocalypse In Commercial Real Estate
In a weekly client note, Morgan Stanley Wealth Management chief investment officer Lisa Shalett warned clients that the commercial real estate (CRE) sector is poised for a collapse which could…
Semiconductor Sales Plummet Globally
Sales of semiconductor chips fell 4% globally in February month over month, to $39.7 billion, according to a report from the Semiconductor Industry Association (SIA) on Thursday. That figure is…
Europe At Risk Of New Energy Crisis Next Winter
On Friday, Reuters reported that the EU is facing a renewed energy crisis this winter due to the fact it has not contracted enough long-term supplies of natural gas to…
Fed’s Williams Says “Magnitude and Duration” Of Bank Crisis Effects Uncertain
On Friday, New York Fed President John Williams said that inflation is still the regulator’s top concern, however he is also watching credit conditions carefully following a bank crisis which…
McDonalds To Cut Pay And Benefits For Some Employees
McDonalds has continued its restructuring, now cutting pay packages for some employees, amid a reorganization featuring layoffs and the closure of some offices, according to a Wall Street Journal report…
West Coast Ports Shut Down Due To Lack Of Workers Amid Labor Dispute
On Friday, after months of strained negotiations between the unions representing West Coast dock workers and their employers, a shortage of workers showing up to shifts forced the Ports of…
