BlackRock’s best minds seem worried. Investment strategists at the world’s largest asset manager have warned of a coming recession, stubborn inflation and a new era that won’t be so kind to investors in their Global outlook 2023 released this week. “The Great Moderation, the period of four decades of largely stable activity and inflation, is …
All the world’s money and markets in one visualization The era of easy money is now officially over. For 15 years, policymakers have attempted to stimulate the global economy through money creation, zero interest rate policies and, most recently, aggressive fiscal stimulus against COVID. With capital at near zero costs over this period, investors began …
Ranked: The world’s richest billionaires over the past 10 years Read More »
View FTX balance sheet before bankruptcy In a difficult year for the crypto space that has been full of hacks, failing funds and decentralized stablecoins going to zero, nothing has compared to the rapid implosion of FTX and Sam Bankman-Fried (SBF). After an astronomical rise in the crypto space over the past three years, crypto …
All the world’s money and markets in one visualization (2022) Read More »
hong kong CNN Business — Foxconn has offered to pay newly hired workers 10,000 yuan ($1,400) to resign and leave the world’s largest iPhone assembly plant, in a bid to quell protests that have seen hundreds of clashes with security forces in central China compound. The Apple supplier made the offer on Wednesday following dramatic …
Beijing/Hong Kong CNN Business — Workers at China’s largest iPhone assembly plant were seen confronting police, some in riot gear, on Wednesday, according to videos shared on social media. Videos show hundreds of workers confronting law enforcement officers, many wearing white hazmat suits, at the Foxconn campus in China’s central city of Zhengzhou. In the …
“Demographic changes” can mean many things. The composition of a group of people (median age, ethnic composition, etc.) all fall into this category. But in the context of labor shortages that have gripped the global economy since the start of the pandemic, it coincided with one of Elon Musk’s great worries: the world has no …
