U.S.-based employers announced 97,006 job cuts in May, up 16 percent from the 83,387 job cuts recorded in April, according to outplacement firm Challenger, Gray, and Christmas.
Tag: Global Economy
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SPOTLIGHT: PRIVATE CREDIT FUNDS’ PROBLEMS MOUNT
Like high-flying special-purpose acquisition companies, which were a fad in 2021 and 2022, the private credit industry’s heyday is over for the near future.
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EUROZONE ECONOMY CONTRACTED IN FIRST QUARTER
Declines in economic output by France and Ireland in this year’s first quarter dragged the 21-country Eurozone economy into a 0.2-percent contraction for the period.
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GOING OUT OF BUSINESS TRENDS
Business closures are accelerating as economic pressures intensify. Small and mid-sized companies are being squeezed by rising operating costs, higher interest rates, tighter credit, and weakening consumer demand.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The job market continues to weaken despite headline figures suggesting stability.
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SPOTLIGHT: BIGS GETTING BIGGER
Berkshire Hathaway is expanding its presence in the homebuilding industry with an all-cash purchase of Taylor Morrison, one of the largest homebuilders in the U.S.
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SPOTLIGHT ON CHINA’S ECONOMY: STRONG ABROAD, STILL WEAK AT HOME
With nations slapping tariffs on Chinese imports and domestic demand still weak, China’s manufacturers are exporting not just their products but also themselves around the world.
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TOP TREND 2025: DRAGFLATION
Canada’s economy contracted unexpectedly in this year’s first quarter, shrinking 0.1 percent, the national statistics agency reported on 29 May.
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U.K. BANK LOANS TO BUSINESSES ARE THE FEWEST IN 28 YEARS
Loans that British banks make to non-financial companies are the least since 1998, the Boston Consulting Group (BCG) reported.
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SPOTLIGHT: THE IRAN WAR’S ECONOMIC DAMAGE
As we detailed, two warmongers, U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, launched an illegal war against Iran on 28 February that has inflicted severe economic damage across the globe... affecting the lives of eight billion people.