Gildan Activewear, which makes sweatshirts and other activity clothing, is buying underwear company Hanesbrands for $2.2 billion. When Hanesbrands’ debt is included, the deal’s value totals $4.4 billion.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Aug 19 2025
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SPECIAL REPORT: TO BUILD A CHEAPER EV, FORD DITCHES THE ASSEMBLY LINE
Ford Motor CEO Jim Farley called 12 August “a Model T moment”—the equivalent of Henry Ford’s 1913 debut of the assembly line that would build his Model T car, make it affordable for the middle class, and revolutionize manufacturing for the 20th century.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Last month, growth in China’s retail sales and industrial production slowed from June, confronting Beijing with both facets of its economic malaise at the same time.
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LITHIUM PRICES JUMP AFTER CHINA CLOSES KEY MINE
The global price of lithium has rocketed up as much as 30 percent over the past two months as Chinese authorities made clear they would not renew the operating license of a key mine.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
U.S.-based human resources leaders conducted multiple rounds of layoffs in the past year with many saying they implemented “serial layoffs” that occurred in rapid succession, according to a recent survey by outplacement firm Careerminds. Financial instability was cited as the biggest factor in the job cuts, followed by changing business priorities, market uncertainty, and overstaffing.
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SPECIAL REPORT: TRUMP’S TARIFF WAR
Through June, U.S. consumers paid about 22 percent of Donald Trump’s new tariffs on imported goods, according to calculations by Goldman Sachs. U.S. companies paid 64 percent, with foreign suppliers covering 14 percent of the cost.