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India is “Best Bet,” Conglomerate Executive Says
If you listen to the chairman of an Indian conglomerate, India is the global economy’s safest place on Earth. “We see a recession coming in U.S., recession coming in U.K., in Europe, problems in China, [a] problem in Southeast Asia under the fear of China-Taiwan.
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Illiquid Asset Tokenization on the Rise
The amount of money tied up in illiquid assets is climbing, and it could total $16.1 trillion by 2030, according to Boston Consulting Group (BCG). “A large chunk of the world’s wealth is locked in illiquid assets,” BCG Managing Director Sumit Kumar and digital exchange ADDX Co-founder Darius Liu wrote in a September report...
Pandemic Aid: A Necessary Evil, Perhaps
COVID-19 spending, which was essential for averting a global recession, has left new economic risks, according to research organizations including the International Monetary Fund and the Brookings Institution. While providing critical relief for Americans at the pandemic’s outset...
Popular 60/40 Portfolio Strategy Suffers
The 60/40 portfolio, a tried-and-true long-term investment strategy, has had its worst year since 1936, according to Bank of America Global Research data. A recent synchronized selloff of stocks and bonds is to blame...
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Will China Ever Surpass U.S. GDP?
Economists have long expected China’s gross domestic product to exceed that of the U.S. by the end of the decade, but the projection has become dubious with a continued slowdown in China’s growth due to harsh COVID-19 restrictions and attempts to tamp down real estate speculation...
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Companies Meet Labor Challenges, Electric-Vehicle Production With Robots
Facing tight labor markets, increasing payrolls, and new electric-vehicle goals, North American companies purchased lots of robots in the first half of 2022, according to Reuters. Businesses bought 25% more machine workers during the second quarter than they did the year before, data from the Association for Advancing Automation (A3) reported, buying 12,305 robots valued at $585 million...
Will the U.S. Have Enough Lithium to Meet 2030 Climate Goals?
The average electric car battery requires eight to 10 kilograms of lithium, thus having enough of the metal is essential for the transition to emission-free vehicles. And having enough of it – on time – is essential for meeting the goals set out in the Inflation Reduction Act signed into law in August...
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Water-Related Disasters May Cost $5.6 Trillion by 2050
If water-related disasters continue to wreak havoc on the world’s largest economies, $5.6 trillion in losses may result by 2050, according to a new study by GHD, which provides environmental and engineering consulting for sustainability challenges. Worsening storms, flooding due to torrential rains, and drought are profound threats to the global economy, according to the report...
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The Message from Jackson Hole: Get Used to an Unsettled Economic...
The volatility of recent years may persist, according to top economic policymakers who converged in August on Jackson Hole, Wyoming for their annual symposium. Up-and-down growth, supply chain disruptions, and inflation—all of which have caused global uncertainty—may not disappear in the next few years, many in attendance said...
Top Companies Choosing Caution During Uncertainty, Despite Robust Earnings
Strong earnings and hopes for less aggressive interest rate hikes have spurred a Wall Street rally, but top companies are playing it safe, according to NPR. All but about 50 of the S&P 500 companies reported earnings in the second quarter, with about 75% of them doing better than they anticipated...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...