Key Takeaways: 💸 The Canadian dollar weakened against the USD this week 📉 Market drivers of loonie weakness include spreads working against the CAD 🇨🇦 Canadian CPI data coming in cooler than expected may lead to a Bank of Canada rate cut 📊 Scotiabank analysts expect the CAD’s linkage with stocks to soften 📈 Wells … Read more
Key Takeaways: 💼 Concerned about China’s excess manufacturing capacity impacting the global economy 🛠 Chinese heavily subsidized manufacturing capacity for various goods creating overcapacity 🏗 U.S. implementing measures like tariffs and tax credits to keep Chinese EVs out of the market 🌍 Engaging in discussions with China to ensure fair competition on a global scale … Read more
Key Takeaways: 💼 Adeyemo does not believe that China’s economic challenges will have a major impact on the US economy 🚗 Excess manufacturing capacity from China, particularly in electric vehicles and solar panels, is a concern for the global economy 💰 U.S. tariffs and tax credits aim to prevent Chinese EVs from dominating the U.S. … Read more
Key Takeaways 💸 Switzerland prefers physical cash over payment apps 🏦 Cash is the most accepted payment method for face-to-face businesses 📱 Mobile payment apps are becoming more popular, surpassing credit and debit cards 💼 Bank transfers are popular for Swiss companies dealing with clients remotely 🚫 Concerns raised about marginalized groups due to lack … Read more
Key Takeaways: 💼 Most Asian currencies weakened following hawkish signals from the Federal Reserve and strong U.S. labor data 📈 Dollar index and futures showed little movement in Asian trade, with mild weekly losses 🇯🇵 Japanese market holiday with muted trading volumes, yen above 150 level to the dollar 🇨🇳 Chinese yuan, South Korean won, … Read more
Key Takeaways: 💸 Reddit disclosed $90.8 million in losses and 21% revenue growth in 2023 📈 Revenue grew from $666.7 million to $804 million 💼 Reddit aims for a planned stock market debut in March through IPO filing 🔍 Reddit struck a deal with Google to make its content available for AI models 💰 Reddit … Read more
Key Takeaways: 💼 LKQ Corp facing disruptions in European operations due to Red Sea crisis 🚢 Freight costs likely to rise if crisis continues 🌍 Vessels having to divert around South Africa causing lead time and cost increases ⚔️ Houthis targeting ships in Red Sea waters, forcing freight reroutes 🚗 Americans repairing older vehicles instead … Read more
Key Takeaways 🐬 Dolphin Entertainment, Inc. has added So Yummy to its portfolio 🍽 So Yummy is a digital food content brand with a large social media following 🎤 So Yummy will participate in the Food Network South Beach Wine & Food Festival 🍷 The festival panel discussion will focus on digital content creation in … Read more