German conglomerate Robert Bosch has agreed to pay $8.1 billion to take over the heating and air systems business now owned by a partnership between Hitachi and Johnson Controls International.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – July 30 2024
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SPOTLIGHT: TOP TREND 2024, EV GO FU
General Motors will delay introducing a new Buick electric vehicle (EV) and the opening of an electric truck factory, CEO Mary Barra said in a call with analysts last week.
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TOP TREND 2024: BANKS GO BUST: NYCB REPORTS LOSS, MORE TO COME
The troubled New York Community Bancorp (NYCB) reported a $323-million loss in the year’s second quarter. During the same period in 2023, it turned a profit of $400 million.
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SPOTLIGHT: HARD TIMES IN HIGH FASHION. THIS TREND, IS NOT YOUR “FRIEND”
As we have long noted, the decline in luxury sales is an important trend indicator. As the old saying goes: “The Fish Rots from the Head Down,” and we are providing the facts in this SPOTLIGHT, to illustrate the economic danger ahead.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, increased minimum wage, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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SPOTLIGHT: A HARD ROAD FOR AUTO COMPANIES
From March of 2020, to March of this year, the average price of a new car spiked nearly 30 percent while the average price of a used car jumped 34 percent.
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SPOTLIGHT: BELLWETHER RETAILERS SIGNAL A CONSUMER SLUMP
We maintain our forecast for slower growth for the U.S. GDP through the rest of this year. Second-quarter results from three businesses in key consumer sectors, as we note with this SPOTLIGHT, offering evidence this forecast is correct.
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BANK OF CANADA CUTS INTEREST RATE AGAIN
After cutting its key interest rate by a quarter point in June, the Bank of Canada did so again this month, bringing the rate to 4.5 percent
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CHINA’S CENTRAL BANK MAKES SURPRISE INTEREST RATE CUT
On 25 July, the People’s Bank of China lowered its interest rate on one-year loans to commercial banks from 2.5 percent to 2.3 percent. Though small, it was the largest reduction in that rate since April 2020.