Global Economy Could Be in for A Tough Year in 2023 Imf Chief Warns
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The weakest links in the global economy are on the mend
Some of the most prominent beleaguered nations are now carrying out radical reformsFinancial Times - Business -
Yellen warns China's surplus of solar panels, EVs could be dumped on global markets
Janet Yellen said she will confront her Chinese counterparts about their solar, EV trade practices in an upcoming visit to China.CNBC - Business - China -
Yellen warns China’s surplus of solar panels, EVs could be dumped on global markets
Treasury Secretary Janet Yellen on Wednesday warned that China is treating the global economy as a dumping ground for its cheaper clean energy products.NBC News - Top stories - China -
Corporate profits hit record high as economy boomed in fourth quarter of 2023
Gross domestic product (GDP) and corporate profits both smashed expectations in the fourth quarter of 2023 as the knock-on effects of pandemic stimulus juiced the U.S. economy. GDP came in at a 3.4 percent increase, below the massive bump of 4.9 ...The Hill - Politics -
China faces ‘fork in the road,’ IMF chief says, urging Beijing to embark on pro-market reforms
China’s economy can grow far faster if it adopts a comprehensive package of pro-market reforms, according to IMF Managing Director Kristalina Georgieva.CNBC - Business - China -
How shipping containers can make or break the global economy
Global trade requires shipping containers. China is responsible for over 95% of shipping-container production, potentially making U.S. businesses vulnerable.CNBC - Business -
Kevin Warsh, floated as Trump Fed chief, says Powell is ‘goosing’ the economy
While U.S. allies and adversaries may be impressed by the growth in the stock market and overall U.S. economic growth, “I wouldn’t say they are overly impressed by the U.S. economic engine,” he said.MarketWatch - Business - Donald Trump -
There Are Already More Measles Cases in the US This Year Than All of 2023
The CDC is begging Americans to get vaccinated against measles as cases continue to rise.Wired - Tech -
U.S. measles cases this year have already surpassed the 2023 total
Today, 1 in 5 unvaccinated people who get measles are hospitalized, and roughly 1 to 3 out of every 1,000 children with measles die from complications, according to the CDC.NBC News - Top stories -
China Vanke Warns Earnings Could Remain Strained
China Vanke’s earnings could remain strained for some time amid the downturn of the Chinese real-estate market, which the developer said led to a sharp drop in net profit last year.The Wall Street Journal - World - China -
China Vanke Warns Earnings Could Remain Strained
China Vanke’s earnings could remain strained for some time amid the downturn of the Chinese real-estate market, which the developer said led to a sharp drop in net profit last year.The Wall Street Journal - Business - China -
Extremism endangers Germany's prosperity, warns central bank chief
Yahoo News - World -
Official data confirms UK economy slipped into recession last year
Figures offer little cheer to Rishi Sunak as his Conservative party trails heavily in opinion pollsFinancial Times - World - United Kingdom -
Indian bonds are set to be added to global indexes. Here's why it could be a gamechanger
Recent inclusions could lead to billions of dollars worth of inflows into India's rupee-denominated government debt, ease bond yields, all while supporting the local currency.CNBC - Business -
Millions go hungry as a billion meals binned every day, says UN report
UN Food Waste Index report also finds global food wastage is big contributor to climate crisis. More than a billion meals are thrown away every day, in poor countries as well as rich ones, despite more than 730 million people living in hunger ...The Guardian - World - United Nations -
FirstFT: Obama and Clinton back Biden’s support for Israel’s war in Gaza
Also in today’s newsletter, OpenAI courts Hollywood and Easter egg shrinkflationFinancial Times - World - Israel -
Hillary Clinton, Election Officials Warn AI Could Threaten Elections
“Anybody who’s not worried is not paying attention,” Clinton said.The Wall Street Journal - World -
New H&M chief vows to end years of stagnating sales growth
Retailer has been under pressure from cheaper chains and more expensive competitorsFinancial Times - Business -
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 -
A Trump Criminal Trial Really Could Start This Year
It’s fitting that the porn star hush-money case winds up going first.The New York Times - Top stories - Donald Trump -
Why have earnings fallen over the last two years while the economy has grown?
My monthly review of stock market valuation indicatorsMarketWatch - Business -
Plant-heavy ‘flexitarian’ diets could help limit global heating, study finds
Global adoption of diet low in meat would aid health, land and food systems as well as reducing emissions, researchers say. A global shift to a mostly plant-based “flexitarian” diet could reduce greenhouse gas emissions and help restrict global ...The Guardian - World -
Global warming has slightly slowed Earth's rotation — and it could affect how we measure time
Ice loss due to climate change has slightly slowed the Earth’s spin, a new study shows — and it could affect how we measure time.NBC News - Top stories -
AI boom drives global stock markets to best first quarter in 5 years
MSCI index of world stocks rises 7.7% as optimism about US economy offsets expectations of slower rate cutsFinancial Times - Business -
A Tough Sentence for Sam Bankman-Fried
The former crypto king pays a high price for his financial manipulations.The Wall Street Journal - World -
The S&P 500 gained 10% in the first quarter, its best start to a year since 2019, as the U.S. economy continues to defy expectations.
The S&P 500 gained 10% in the first quarter, its best start to a year since 2019, as the U.S. economy continues to defy expectations.The Wall Street Journal - World -
Hong Kong official warns online criticism could breach new national security law
The Article 23 legislation includes penalties for five categories of crime including treason, insurrection, espionage, sabotage and external interference. Article 23: Hong Kong’s security law explained in 30 secondsHong Kong’s justice minister has ...The Guardian - World - Hong Kong -
U.S. stock-market rally could hit the skids if companies miss this mark, strategist warns
The record-setting rally in U.S. stocks could run into trouble if companies report disappointing profits, according to a top equity-market strategist at Morgan Stanley.MarketWatch - Business -
Budget watchdog warns US could suffer market shock over national debt
Congressional Budget Office (CBO) Director Phillip Swagel warned the United States could suffer a similar market shock as seen in the United Kingdom during former Prime Minister Liz Truss’s brief stint leading Britain, citing the nation's ...The Hill - Politics -
Gaza starvation could amount to war crime, UN human rights chief tells BBC
Volker Türk tells Jeremy Bowen there is a "plausible" case that Israel is using starvation as a weapon of war.BBC News - Top stories -
Ukrainian President Volodymyr Zelenskyy warns Putin's war could spread to NATO territory
Ukrainian President Volodymyr Zelenskyy tells CBS News' Charlie D'Agata in an exclusive interview that, without more U.S. help "now," Ukraine won’t be able to stop Vladimir Putin from pushing his war onto NATO soil.CBS News - World - Ukraine -
Why an early Easter could cost retailers $1.6 billion this year
Easter sales will total $22.4 billion in 2024, according to the National Retail Federation — a 7% decline from last year.MarketWatch - Business -
US-backed Syrian force that defeated IS 5 years ago warns group still poses international threat
The U.S.-backed force that defeated the Islamic State group in Syria five years ago is warning that the extremists still pose grave dangers throughout the worldABC News - World -
Report: L'Jarius Sneed, Titans agree to 4-year deal with $55M guaranteed after trade from Chiefs
The Chiefs gave L'Jarius Sneed the franchise tag this offseason.Yahoo Sports - Sports - NFL -
Titans sign ex-Chiefs star L'Jarius Sneed to mammoth four-year deal following trade, per report
Tennessee has made Sneed one of the highest-paid cornerbacks in NFL historyCBS Sports - Sports - NFL -
Prosecutors seeking 2.5-year prison sentence for former Spain soccer chief over kiss
Luis Rubiales kissed Spanish player Jennifer Hermoso on the lips without her consent during the team's trophy ceremony following Spain's final 1-0 win against England.ABC News - Top stories -
Carnival warned that its full-year earnings will take a hit from the collapse of the bridge in Baltimore.
Carnival warned that its full-year earnings will take a hit from the collapse of the bridge in Baltimore.The Wall Street Journal - World -
Oil could trade near $100 this year. Here’s what could drag prices back down.
Russia’s decision to deepen its oil production cuts could lift global benchmark crude near $100 a barrel by September, but demand destruction may play a part in dampening price prospects, said analysts at J.P. Morgan.MarketWatch - Business -
Sam Bankman-Fried's multibillion dollar FTX fraud
What the Crypto King's fall from grace means for the future of cryptocurrencyBBC News - Top stories - Crypto -
Houston’s Gutsy Overtime Win Is a Testament to the Program’s Toughness
“Survive and advance” is the popular cliché this time of year. Houston lived it on Sunday.The New York Times - Sports