The U.S.’s standing as the lowest-cost borrower of dollars and the safest place to store value in turbulent times might not last much longer.
Tag: Global Economy
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SPOTLIGHT: BIGS GETTING BIGGER
Sazerac, an international purveyor of spirits based in France, has offered $32 a share to buy Jack Daniel’s, Kentucky’s iconic sippin’ whiskey, for a total of around $15 billion.
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SPOTLIGHT: THE LIMPING LUXURY INDUSTRY
As our regular readers know, the luxury industry has been in flux for more than two years.
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GOING OUT OF BUSINESS TRENDS
This year’s business shakeout is gathering pace with intentional contraction, debt restructuring, and widespread going-out-of-business sales, particularly in brick-and-mortar retail and casual dining.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Large-scale layoffs are occurring throughout the Bigs, with many companies cutting their workforce by thousands in hopes of getting stock bumps and praise from investors, according to The Wall Street Journal.
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SPOTLIGHT: THE IRAN WAR’S ECONOMIC COST
By the hard facts and indisputable data, the illegal and unjustifiable war that the United States and Israel have launched against Iran has inflicted severe economic damage across the globe.
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SPOTLIGHT: BIGS GETTING BIGGER
Gilead Sciences, a California pharma, is paying $3.15 billion to take over Tubulis, a German developer of drugs that more effectively deliver chemotherapy treatments to cancer tumors.
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IN CHINA, AMERICAN BRANDS LOSE THEIR LUSTER
For the first 15 years of this century, U.S. brands were prized by Chinese shoppers not only for their quality, but also as symbols of sophistication.
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ENERGY PRICE SHOCK SPURS CLEAN ENERGY DEVELOPMENT
Governments around the world “have vowed in recent weeks to deploy more clean energy” and reduce their dependence on fossil fuels that flow out of a part of the world always in turbulence, The Wall Street Journal reported.
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TURKEY SELLS OR LOANS GOLD, DRIVING WORLD PRICES DOWN
Since the Iran War began, Turkey’s central bank has sold or loaned about $20 billion worth of its gold bullion.