Self-Driving Hasn't Arrived Yet
Despite lofty claims of having running fleets of autonomous vehicles by the start of the 2020s, automotive producers and robotaxi startups have to re-adjust their clams.
Go Deeper (2 min read)The 2% Goal
Central bankers believe that by setting an inflation target, they establish credibility for themselves and help individuals and businesses plan in ways that will help to keep inflation under control.
Go Deeper (2 min read)China's Restart
After years of pandemic-driven disruptions, factory managers and workers are finally seeing the light at the end of the tunnel. The country rapidly removed restrictions of movement in December, a move that greatly increased the number of COVID-19 cases and caused further disruptions.
Go Deeper (2 min read)It's Not All Doom And Gloom
Since Russia's invasion of Ukraine in January, investor sentiment in Germany has improved for the first time. This is another indication that the slowdown in Europe's largest economy may not be as severe as initially anticipated.
Go Deeper (2 min read)Microsoft Is Joining The Tech Firing Spree
Microsoft Corp. announced it was cutting 10,000 jobs, making it the latest tech giant to do so amid worries about the state of the world economy.
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U.S. Home Sales Fell 7.7%
As a result of high mortgage rates and home prices, which drove many potential buyers out of the market, existing-home sales in the United States fell for a record 10th consecutive month in November.
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High Profile IPOs At Risk
Numerous businesses that went public while the IPO market was thriving have had such severe setbacks that they are now faced with the sobering possibility that their shares will never recover.
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Tyson Foods And The Meat Big Four
Tyson Foods is one of the world’s largest food companies with annual sales of over $54 billion as of October 1, 2022. Founded in 1935 by John Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands.
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Chip Companies Cool Down
The semiconductor industry is used to cycles of booms and bust. As such, after a chip shortage that affected manufacturers at a global scale, the chip industry is now anticipating a challenging third-quarter earnings season.
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China's Factory Activity Slows Down
According to the National Bureau of Statistics, October saw a decline in factory activity in China as a result of recurrent Covid outbreaks. According to the report, the official purchasing managers' index for manufacturing decreased from 50.1 in September to 49.2 last month.
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Apple Is Moving Out Of China
Apple is speeding up plans to move a portion of its production outside of China, which has long had a dominant position in the supply chain that helped create the most valuable corporation in the world.
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