Good afternoon! It is a pleasure to be back with you once again, and I thank today’s organizers and sponsors for making it all possible. It is also a pleasure to return to the University of Delaware, which you all know holds a very special place in my heart. This university continues to live up […]
It’s all about Nvidia today as shares of the chipmaker surge following earnings but the FX market will have to grappled with a surging Nasdaq and rising front-end yields. The dollar sold off in Europe but has stormed back early in North American trading in a 50-pip round trip that’s particularly noticeable in the pound […]
More and more Americans previously relegated to the margins of the economy are successfully finding work. But for one group of workers, the jobs surge has been less dramatic — namely those aged 55 and over. Fortunately, Congress has a mechanism to help address this discrepancy — they just need to fund it. Even as […]
Once considered an absolute economic powerhouse, Japan is now the world’s fourth-largest economy after the United States, China and Germany. The country’s economy has in recent years struggled between low wage growth and low domestic demand as well as low capital expenditure and investment. The weakness of the Yen against the U.S. dollar did the […]
For the past decade, Americans have worried increasingly about China, not least because Chinese President Xi Jinping has centralized power, silenced critics, stalled private sector reforms and taken an increasingly combative posture toward the rest of the world. China was set to overtake the United States as the world’s largest economic power by 2035, Mr. […]
Thousands of the small and midsize companies that form the backbone of the German economy warned this week that the country was losing its edge, as the country’s central bank signaled the threat of a recession would loom over Germany in the first three months of 2024. “Every day, Germany is losing its ability to […]
After a 2023 considered one of the worst years for the economy, Peru’s Minister of Economy and Finance, Alex Contreras, has asserted that conditions are ripe for 2024 to be a year of recovery. The government’s calculation aims for a Gross Domestic Product (GDP) growth of at least 3%. “Setting aside the atypical year of […]
DETROIT LAKES — I had four immigrant grandparents. They were all from Sweden. Hard working. Patriotic. Willing to do work that longtime Americans would not do. Personally, at my last parish, in Los Angeles, my whole grounds and maintenance crew were from Mexico. Hardest working people to ever have been my work colleagues. They were […]
Economic indicators, on which this week is a little bit light, are likely to drive the next move Asian shares were pinned below 1-1/2 month highs on Tuesday as even a larger-than-expected interest rate cut in China failed to excite investors jaded at the lack of bigger stimulus measures. China’s five-year loan prime rate was lowered by […]
Last fall, Tiffanie Simmons, a second-generation autoworker, endured a six-week strike at the Ford Motor factory just west of Detroit where she builds Bronco S.U.V.s. That yielded a pay raise of 25 percent over the next four years, easing the pain of reductions that she and other union workers swallowed more than a decade ago. […]
