Private equity firms Shore Capital Partners and Silver Lake Technology Management have partnered to create an entity that has bought and merged two chains of veterinary clinics.
Tag: Economy
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SPOTLIGHT ON CHINA’S ECONOMIC STRUGGLE: CHINA’S DOMESTIC ECONOMY PERKED UP IN OCTOBER
In October, China’s retail sales grew by 4.8 percent, their sharpest monthly increase since February, figures reported by the National Bureau of Statistics showed.
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LUXURY COMPANIES MISS FINANCIAL TARGETS
The personal luxury goods industry lost 50 million customers this year, according to a new report by consulting firm Bain & Co. and Italian luxury trade group Altagamma.
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SPOTLIGHT: CONSUMER PRODUCT COMPANIES ARE STILL TAKING A BEATING
BMW, Honda, and Toyota reported sharp drops in third-quarter profits and cited the continuing weakness in China’s passenger vehicle market as the cause.
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SPECIAL REPORT: LATIN AMERICA TURNS TO CHINA
The new Port of Chancay may be located on Peru’s Pacific coast but it has been made by China.
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ECONOMIC BRIEFS
Americans’ mood about the economy rose in early November to its brightest in six months, according to the University of Michigan’s monthly survey of consumers’ moods and views.
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SPOTLIGHT: BIGS GETTING BIGGER
Private equity firms Energy Capital Partners (ECP) and KKR have entered a partnership to invest a combined $50 billion to build data centers and energy supplies for them to support the widespread adoption of artificial intelligence (AI).
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SPOTLIGHT: CHINA’S ECONOMIC MISERY
China has completed arrangements to open a $1.4-trillion fund for local governments engulfed by debt.
The funds to help local governments clear “hidden” or off-book debt will be available until 2029, officials announced at an 8 November press briefing.
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TRUMP WIN BENEFITED FROM SURGE OF SUPPORT FROM YOUNG VOTERS
Despite U.S. President Joe Biden’s $1.4 trillion effort to relieve young Americans from their student loan debt, and high-profile endorsements from celebrities like Taylor Swift and Beyonce, Kamala Harris watched Donald Trump be propelled to victory with the help of these young voters who see the state of the economy as a main concern.
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IT REALLY IS “THE ECONOMY, STUPID”
The Trends Journal got it wrong. We had forecast that since the Republicans did not do well in the mid-term election despite inflation skyrocketing and President Biden’s poll ratings tanking because of the abortion issue, Harris—who is pro-abortion—would defeat Donald Trump, who has bragged that “I was able to kill the Roe vs. Wade” that protected abortion rights.