Daily Management Review
Economics

Miners Struggle In The Post-Halving World Of The Cryptocurrency

It's been a terrible year for bitcoin miners with mining incentives cut in half, mining difficulty increased, and the shiny new bitcoin exchange-traded funds (ETFs) syphoning off investor wealth.   Two of the largest U.S.-listed miners, Marathon Digital and Riot Platforms, have decreased by...

Hike In Futures Trading With Markets Waiting For Data On Inflation

Following an extended weekend due to the holiday, U.S. stock index futures increased slightly on Tuesday as investors anticipated a significant inflation data later in the week that may challenge the Federal Reserve's monetary policy stance.   Friday marked the conclusion of a successful...

Industry Scepticism Surrounds US Tariffs On Chinese Medical Imports As Substitute Providers Surface

Industry leaders stated that increased tariffs by the United States on Chinese-made medical gloves, syringes, and face masks are unlikely to boost the competitiveness of American manufacturers since other low-cost suppliers will likely jump at the chance to fill the void.   As part of a...

Analysts: Global buyback volume in 2023 down 14% to $1.11 trillion

The top corporations in the world repurchased $1.11 trillion worth of their own stock in 2018, as show figures by UK-based management firm Janus Henderson. That is $181 billion, or 14%, less than the 2022 estimate.  US corporations topped the repurchase volume charts with $773 billion....

Foreign direct investment in China falls by 27.9% in January-April

The continental China's Ministry of Commerce reports that the country's FDI, or foreign direct investment, shrank by 27.9% year over year to 360.2 billion yuan ($49.7 billion) from January to April. This includes the lowest FDI since November, which was 58.5 billion yuan last month. The number...

Yellen Warns Of Increased Risks For European Banks In Russia, Hints At Tougher U.S. Sanctions

U.S. Treasury Secretary Janet Yellen told Reuters that the dangers for European banks doing business in Russia are increasing and that the country is considering tightening its secondary sanctions against banks that are discovered to be supporting transactions related to Russia's military campaign....

Britain's Battered Finance Industry Finds Optimism In Sunak's Summer Election

Executives in the City of London are hoping a new government would give them more attention and stop years of political turmoil as Britain gets ready to go back to the polls.   Business executives in London's financial community seem more at ease than normal over the outcome of the July 4...

Expectations As The US Moves Towards Faster Stock Settlement

Following the implementation of a new Securities and Exchange Commission (SEC) regulation in February 2023, the settlement period for U.S. stocks, corporate municipal bonds, and other securities will be halved to one day, or T+1. This will cause a stir in the U.S. markets on Tuesday, May 28....

CEO Of DoubleLine Predicts An Impending US Recession And A Rise In Public Debt

As increased interest rates put pressure on American consumers and businesses, Jeffrey Gundlach, the CEO of investment management firm DoubleLine Capital, stated on Thursday that he believes a U.S. recession may occur as soon as this year.   He noted that indicators of impending economic...

May Sees A Pickup In US Corporate Activity And An Increase In Pricing Pressure

Although May saw the fastest growth in U.S. business activity in just over two years, manufacturers reported a spike in input costs, indicating that products inflation may increase in the coming months.   The manufacturing and services sectors are tracked by S&P Global's flash U.S....
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