Stellantis, the conglomerate that owns Alfa Romeo, Dodge RAM, Fiat, and Peugeot, among other vehicle brands, posted first-quarter revenue below expectations after its sales shrank across Europe.
Category: 7 May 2024
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EUROZONE BUSINESS ACTIVITY GROWS FASTEST IN 11 MONTHS
In April, a robust services sector more than outweighed a deepening slump in manufacturing to power the Eurozone’s economy to its strongest monthly growth since May 2023.
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IMMIGRATION IS DRIVING GROWTH IN RICH COUNTRIES
“Exceptionally large” numbers of immigrants last year entering into Australia, Canada, Spain, the U.K., and the U.S. “definitely” helped ease labor shortages and grow GDPs, the Organization for Economic Cooperation and Development (OECD) said in a study released last week.
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STRONG DOLLAR POSES DANGER TO GLOBAL ECONOMY
As the U.S. Federal Reserve keeps its interest rates near a 20-year high to combat persistent inflation, the dollar continues to sap value from other currencies and creates a danger for the global economy, The New York Times reported.
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GOING OUT OF BUSINESS TRENDS
In recent times, 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, 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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CEO COMPENSATION RISING TWICE AS FAST AS OTHER WORKERS
Compensation packages for U.S. CEOs of S&P 500 companies grew 9.2 percent this year compared to last, while average worker pay is up 4.2 percent, proxy service ISS reported.
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POWELL: RATE CUT THIS YEAR A GUESSING GAME
At a 30 April press briefing, U.S. Federal Reserve chair Jerome Powell indicated a belief that inflation will continue to ebb this year, allowing the central bank to pare back its interest rates.
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CNN COMPARES PROTESTERS TO NAZIS
In one of the most appalling propaganda segments I have ever seen in my life, CNN’s Dana Bash launched into a fire-and-brimstone sermon on Wednesday comparing anti-genocide university protesters to the brownshirts of Nazi Germany—doing so in defense of a fascistic police crackdown against those very same protesters.
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U.S. SERVICE SECTOR CONTRACTS IN APRIL
The Institute for Supply Management’s (ISM’s) April Purchasing Managers Index (PMI) for the U.S. services sector dropped from expansion into contraction, falling from 51.4 in March to 49.4 last month.