North Dakota has been named one of the best states to start a business by Forbes Advisor for the second year in a row. The publication selected the state based on its business environment, low formation fees, business survival rate and lower cost of living, looking at a business’s ability to succeed, costs, workforce and … Read more
It is always a stockpicker’s market. You just have to pick the right stocks. If you picked the so-called Magnificent Seven last year—a group of highflying, mostly tech stocks that powered the S&P 500 index to a 24% gain—you looked in the mirror and beheld a genius. This year, it might be wise to avoid … Read more
London Mayor Sadiq Khan on Thursday will blame Brexit for costing the UK economy £140 billion ($178 billion), calling on the government to “urgently” rebuild relations with the European Union to stem the decline. Britain’s EU divorce has also meant there are 2 million fewer jobs nationwide than there otherwise would have been, including 290,000 … Read more
I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the upcoming US employment report. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. While … Read more
Chinese President Xi Jinping pledged to strengthen economic momentum and job creation, acknowledging some companies and citizens had endured a difficult 2023 in a rare admission of domestic headwinds facing the country. While China’s most-powerful leader since Mao Zedong used his annual new year address to trumpet his nation’s achievements, he also conceded some “enterprises … Read more
Half of Red Sea Container-Ship Fleet Avoids Route After Attacks Bloomberg Red Sea shipping workarounds add costs, delays for suppliers, retailers Reuters Red Sea attacks could raise prices for U.S. consumers The Washington Post Why the ‘Gate of Grief’ is making headlines National Geographic The Brewing Red Sea Storm – OpEd – Eurasia Review Eurasia Review Source link
The rise in Japan’s business service prices held steady at a three-decade high, in a development likely to fuel speculation that the Bank of Japan will inch its way toward normalizing policy in coming months. The country’s services producer price index, a gauge measuring the costs of a range of goods and services provided by … Read more
The Federal Reserve received some holiday cheer as inflation continued to soften while consumer demand firmed, and the Bank of Japan stuck with the world’s last negative interest rate. Meantime, maritime attacks carried out by Houthi rebels in Yemen have disrupted shipping in the Red Sea, prompting a rerouting of cargoes that’s raised costs. Source … Read more
I’m Shawn Donnan, a senior economics writer in Washington. Today we’re looking at Chinese migration to the US. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. Note: Economics … Read more
I’m Malcolm Scott, a senior economics editor in Sydney. Today, we’re looking at the Bank of Japan’s policy decision. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. The … Read more