What’s Going On Here? Danish luxury electronics company Bang & Olufsen (B&O) reported not-so-shining results. Investors sent the stock down 17%. What Does This Mean? B&O’s financial situation Annual update showed B&O’s sales fell 14% compared to last year (more than the forecasted 10% decline), where lower-than-expected sales to European customers were primarily to blame. Pprofit margin also shrank more than expected….
Category: Daily News
Ep 13: Global Warming Burns Cash
What’s Going On Here? The effects of climate change could cost 215 of the world’s biggest companies a combined $1 trillion (according to a report). What Does This Mean? The report publisher The Carbon Disclosure Project (CDP), is a UK-based charity aiming to encourage companies and countries alike to better consider and disclose their effects on…
Ep 12: The crypto rebellion
What’s going on here? The history: American history is filled with rebellion against dominating government: Tax-weary colonists throwing tea into Boston harbor; or The Reagan Revolution where voters demanded a rest from regulation in 1981. Today: Leading figures in the cryptocurrency industry are at a breaking point of their own, issuing a collective protest against the…
Ep 11: Stocks Stand Up To Be Counted
What’s Going On Here? FTSE 100 (comprises the UK’s biggest public companies by values) will “rebalance”: some stocks will become popular while others slide out of fashion. What Does This Mean? FTSE 100’s performance can help investors gauge the health of British firms and the economy, which is regularly updated to welcome and boot out companies….
Ep 10: Blackstone Goes Industrial
What’s Going On Here? American private equity titan Blackstone announced its purchase of several US warehouses from Singaporean logistics firm GLP, paying $19 billion in the biggest private real estate deal ever. What Does This Mean? Blackstone’s already one of the world’s largest property owners, and snapping up more warehouses will almost double its US…
Ep 9: The DOJ’s Wet Hot Google Summer
What’s going on here?The Justice Department is reportedly prepping an antitrust investigation of Google in a move that could set a new standard for U.S. regulation of Big Tech. Antitrust law regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers. Why this is happeningThanks to a…
Ep 8: Uber Calls Shotgun
What’s Going On Here?Uber’s stock lifted after its reported better-than-expected first quarterly results as a public company. What Does This Mean?Uber’s $3 billion revenue for the first quarter of 2019 and $1 billion loss both turned out slightly better than predicted. Uber’s costs are still surging thanks to its expansion into several new and competitive…
Ep 7: Another Day, Another Tariff
What’s Going On Here?America’s announcement of new tariffs on Mexican products sent investors running from stock markets straight into government bonds (yields of which hit new lows). What Does This Mean?The US plans to charge an initial 5% tariff on all Mexican imports, rising each month until it reaches 25% unless Mexico agrees to curb…
Ep 6: Timeline of US – China Trade War
Overall Timeline: Events leading up:(Source: Wong. D., Koty. A. C. (2019) The US-China Trade War: A Timeline. [Online] Available from: https://www.china-briefing.com/news/the-us-china-trade-war-a-timeline [Accessed 3 June 2019]) 2011 – 2016 Trump makes several statements criticizing China’s trade practices before running for president and on the 2016 campaign trail Apr 6-7, 2017 Xi & Trump agree to set…
Ep 5: African free trade agreement. Now what?
What’s going on here?Thursday (May 30, 2019) was a notable date in African economic history as the day the African Continental Free Trade Area (AfCFTA) came into effect. What does that mean?AfCFTA is predicted to: “bring $3.6 billion in welfare gains to the continent through a boost in production and cheaper goods” (UNCTAD) from reducing…
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