Economic Environment
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Walgreens to cut costs by $1 billion this year, with layoffs and store updates
Walgreens’ stock seesawed around the flatline Thursday, after the drugstore chain swung to a large quarterly net loss and trimmed its full-year outlook, but also reported the biggest beat for quarterly adjusted profit in at least five years.MarketWatch - Business -
Economic impact of Baltimore bridge collapse
Operations at the Port of Baltimore were halted after the Francis Scott Key Bridge collapsed Tuesday. The collapse will impact shipping routes and trade in the region. David Lynch, a global economics correspondent for the Washington Post, joins ...CBS News - Top stories -
Ericsson will cut around 1,200 jobs in Sweden as the telecom-equipment company adjusts to a lower-volume environment.
Ericsson will cut around 1,200 jobs in Sweden as the telecom-equipment company adjusts to a lower-volume environment.The Wall Street Journal - World -
Hunt: We'll keep 'triple lock' on pension increases if we win election
Chancellor Jeremy Hunt says it's an expensive commitment but one his party is confident it can deliver.BBC News - Top stories -
Sizing Up the Economic Impact of the Baltimore Bridge Collapse
With vessel traffic suspended at the Port of Baltimore, companies that transport cars and coal are looking for alternatives.The Wall Street Journal - Business -
Economic fallout from Key Bridge collapse
In addition to the human toll, the collapse of the Francis Scott Key Bridge will also send ripples throughout the economy far beyond Baltimore. The crumpled bridge is now blocking a key waterway for shipping routes. Ramy Inocencio has more.CBS News - Top stories -
Biden vs. Trump: A Choice, Not an Echo, on Economic Policy
The presidential nominees have very different views on climate, taxes, trade, entitlements and labor.The Wall Street Journal - World - Joe Biden -
Economic experts slash growth forecasts for Germany
Five leading institutes expect expansion of just 0.1 per cent in 2024 as exports fall and domestic demand fails to pick upFinancial Times - World -
Nobel prize-winning psychologist Kahneman dies
In his book Thinking, Fast and Slow, the Nobel laureate argues humans act mostly on instinct, not logic.BBC News - Top stories -
Died: Daniel Kahneman, 90, pioneer in behavioral economics.
Died: Daniel Kahneman, 90, pioneer in behavioral economics.The Wall Street Journal - World -
Nikkei Rises 0.5%, Led by Machinery, Real-Estate Stocks
Japanese stocks ended higher, led by machinery and real-estate stocks, after signs of U.S. economic strength and selloffs related to the ex-dividend date on Thursday.The Wall Street Journal - World -
Scotland’s economic potential is blocked by a failing UK
There is a fundamentally different policy consensus north of the border — and different rules applyFinancial Times - World - United Kingdom -
Xi Jinping sought to reassure American chief executives that China's economy hasn't peaked and that his country is working to improve its business environment.
Xi Jinping sought to reassure American chief executives that China’s economy hasn’t peaked and that his country is working to improve its business environment.The Wall Street Journal - World - China -
The right way to neutralize China’s unfair economic advantage on climate
China, despite having grown into the world’s second largest economy and largest exporter, is still classified by the United Nations as a developing nation under several important environmental treaties.The Hill - Politics - Climate -
Week Ahead for FX, Bonds in Asia-Pacific: Focus Turns to Economic Data
After a week of multiple central-bank decisions around the globe, focus now turns to economic data as investors seek clues as to their next moves.The Wall Street Journal - World -
Americans pay a steep economic price for Washington’s failure to confront Russia and Iran
Long-term consequences from short-sighted policies in Europe, the Middle East and China.MarketWatch - Business - Iran -
Who owns the ship that struck the Francis Scott Key Bridge in Baltimore?
The Port of Baltimore is the ninth busiest port in the U.S. and supports hundreds of thousands of jobs.CBS News - Top stories -
Transportation Secretary Pete Buttigieg addresses economic toll of Baltimore bridge collapse
In the aftermath of the catastrophic collapse of the Francis Scott Key Bridge in Baltimore, U.S. Transportation Secretary Pete Buttigieg talks about the significant repercussions on national supply chains.CBS News - Politics -
Daniel Kahneman, Nobel-Winning Pioneer of Behavioral Economics, Dies at 90
Kahneman and his friend Amos Tversky, who died in 1996, upended traditional economic assumptions that people consistently act rationally and with their self-interest at heart.The Wall Street Journal - World -
Daniel Kahneman, Who Plumbed the Psychology of Economics, Dies at 90
He helped pioneer a branch of the field that exposed hard-wired mental biases in people’s economic behavior. The work led to a Nobel.The New York Times - Business -
Nobelist Daniel Kahneman, a pioneer of behavioral economics, is dead at 90
Daniel Kahneman, a psychologist who won a Nobel Prize in economics for his insights into how ingrained neurological biases influence decision making, has diedABC News - Top stories -
Economic Data vs. Consumer Feelings: What the Gap Means for Biden
The U.S. economy—by many measures—is doing great. But many voters think otherwise. Here’s what the data say about why voters feel so bad about the economy and what it could mean for Biden in the 2024 election.The Wall Street Journal - World - Joe Biden -
Ad Forecaster Raises 2024 Prediction Amid Improving Economic Outlook
While the U.S. ad market in 2023 was ‘relatively resilient,’ the outlook for 2024 looks stronger, according to Magna.The Wall Street Journal - World -
Nobelist Daniel Kahneman, a pioneer of behavioral economics, dead at 90
SAN FRANCISCO — Daniel Kahneman, a psychologist who won a Nobel Prize in economics for his insights into how ingrained neurological biases influence decision making, died Wednesday at the age of 90.NBC News - Top stories -
The humanitarian and economic case for New York's migrant debit cards
At this early stage, Mayor Adams’ debit card plan deserves support, not partisan sniping.The Hill - Politics -
Rationed food kept Cubans fed during the Cold War. Today an economic crisis has them hungry
María de los Ángeles Pozo used to get a little notebook laying out her family’s rations in Cuba’s subsidized neighborhood storesABC News - World - Federal Reserve -
China Rolls Out Welcome Mat for U.S. CEOs as It Nods to Its Economic Problems
Premier Li Qiang acknowledged foreign executives’ concerns as Beijing staged its annual business forum attended by the top executives of Apple, Qualcomm and Micron.The Wall Street Journal - World - China -
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Biden pulls even with Trump as economic view improves slightly, CNBC survey shows
Forty-six percent of voters in the CNBC All-America Economic survey chose Trump and 45% picked Biden.CNBC - Business - Joe Biden -
Baltimore bridge collapse poses little threat to U.S. economic growth, experts say
President Joe Biden said he expects the federal government to cover the cost of rebuilding the Francis Scott Key Bridge.CNBC - Business -
How the Atlantic Went From Broke to Profitable in Three Years
The publication’s new chief executive raised subscription prices, and moved away from day-to-day news coverage to focus on deeply reported stories with broad appeal.The Wall Street Journal - World -
Home Depot Buys Roofing Distributor in $18 Billion Deal
The retailer said it would acquire SRS Distribution in a deal with a value of $18.25 billion, which includes assumed debt.The Wall Street Journal - World -
First Medicare Health Plans to Start Paying for Weight-Loss Drug Wegovy
The first major U.S. health insurers have agreed to start paying for the popular anti-obesity drug Wegovy for certain people on Medicare with heart-related conditions.The Wall Street Journal - World -
Between Two Blackouts Emerged a Different New York
As I got in my car, I noticed that the window lights began to flicker and die.The Wall Street Journal - World - New York