Analysts say rising food prices could turn into a business risk

Risk analysts said rising global food prices and shortages of grain and fertilizer caused by the war in Ukraine could lead to more economic turmoil. In some countries, they added, this could lead to disruptions and test the resilience of Western companies in overseas operations in the coming months. “Food insecurity is one of our … Read more

GM is the government for cars again

General motors CEO Mary Barra seems to have learned from her rival Elon Musk From Tesla The first key to success in the electric car business is to lubricate the political system with government aid. She appeared at a White House event last Thursday to promote the Inflation Cut Act, the Democrats’ tax and spending … Read more

Chip makers expect demand to slow to outpace PCs and smartphones

The chip industry, which has been bracing for a tough time as laptop sales slump, is adjusting to a broader and more severe slowdown even as semiconductor companies prepare to spend billions of dollars on new plants. “The market is worse than we thought,” Mark Murphy, CFO at Memory Maker micron Technology Co., Ltd., tues. … Read more

Hong Kong to cut Covid-19 quarantine for 3 days

HONG KONG – The city government has reduced the Covid-19 quarantine period for incoming travelers from seven days to three days, easing restrictions that many saw as excessive but less than What companies say is required To restore the vital connection to its role as a pioneer in Asia global financial center. From Friday, officials … Read more

Russian tennis players collect 3 titles in the US Open

Washington – It’s been a good week for the pros in Russia Tennis Players – four championships, three titles. One of them, Lyudmila Samsonova, believes it may not be a coincidence that this recent success of hers, Daria Kasatkina and Daniil Medvedev, comes shortly after they were banned from competing at Wimbledon due to their … Read more

A bustling job market is putting “booming inflation” back on the map for investors

Instead, the concern has shifted to what a crowded job market and higher costs of everything mean for stocks and bond portfolios, especially if they turn into a combination of higher growth and inflation with staying power. What do we call such a scenario? “Boomflation,” said Kent Engelk, chief economist at Capitol Securities Management, pointing … Read more