- The top 25 stories curated by editors and fellow readers!
From the Editor's Desk
Government Debt Projections for G7 Countries (2024-2029F) When the Fed lowers the federal funds rate, it generally leads to lower rates on Treasury bills and other short-term government securities, which in return reduces its borrowing costs on newly issued short-term debt. While this reduction in rates will help reduce debt-servicing costs, the U.S. is still projected to see the biggest increase in its gross debt of all G7 nations over the next five years.
Gross debt is the total value of all of a country’s liabilities at a given point in time. Net debt is gross debt less a country’s financial assets, including cash reserves or investments. The debt figures in this infographic are of government debt, and don’t include public sector debt from provincial or state-level debt.
Continued here
TradeBriefs: Newsletters for Decision-Makers!
|
WorkWorkThe End of the iPhone Upgrade? - The New Yorker The largest Apple Store in Washington, D.C., occupies the neoclassical shell of the former Carnegie Library. Last Friday, it opened two hours early, at 8 A.M., for the launch of the new iPhone 16. Lines of buyers waiting for the doors to open stretched across the plaza, but by 9 A.M., the allotted time for my prearranged phone pickup, there was no queue to get into the building. All that remained outside were a few security guards and a handful of protesters shouting into megaphones and carrying signs about the war in Gaza and about Apples alleged role in mining-labor abuses in Congo, where the company sources materials including tin, tungsten, and gold. (Apple has said that it does not source from mines that commit abuses.) Entering the stores white-cube interior, customers were neatly sorted into relatively short pickup lines and attended to by hovering staff, the company having long ago done away with checkout counters and the other traditional trappings of retail. Excitement was decidedly not in the air, which may have had something to do with the slow plateauing of iPhone models.
WorkChinas central bank tries to save the economy - The Economist As Chinas economy has descended into deflation, the central banks lack of urgency has been a source of frustration. Officials at the Peoples Bank of China (PBoC) at first expressed confidence that deflation was, so to speak, transitory. When it persisted, they worried less about falling prices than about the side-effects of fighting them. They were reluctant to ease monetary policy decisively as Chinas currency was too weak, banks profit margins too slim and bond yields too low. Work
WorkWork
WorkWhat Luxury Fashion Can Learn from the Wholesale Flower Market - Harvard Business Review Online luxury fashion retailers have been experiencing losses, and they all face the same challenges: How do you move inventory of a product with ephemeral value without destroying the perceived value of the brand? How do high-end brands differentiate their products and communicate product quality to customers effectively when the online environment removes several physical indicators? Billions have been lost in the effort to square these circles, and the conventional wisdom now is that low-margin online sales are a very different business than high-margin fashion. This article suggests that the application of the multichannel descending (or Dutch) auction method used by FloraHolland, operator of the worlds largest wholesale flower market, could give the online fashion platforms another chance. Work
WorkHezbollah fires ballistic missile at Mossad HQThe Lebanese political group confirmed the death of Ibrahim Kobeisi, one of its top commanders who worked on the group's rocket and missile unit, on Tuesday after he was reportedly killed during an airstrike in a southern Beirut suburb. WorkThe one issue where Trump cant escape Project 2025In reality, Project 2025, an initiative put together last year by the right-wing Heritage Foundation to plan for the next GOP administration, was shaped by longtime close allies of Trump. Detailed planning for a second Trump term agenda along these lines is very real, and though the Project 2025 initiative itself has seemingly fizzled out, other groups have picked up the slack.
WorkSee the Path of Tropical Storm HeleneTropical Storm Helene, which evolved from Tropical Cyclone nine, continues to strengthen as it moves past Mexico and towards the Florida coast Wednesday, the National Hurricane Center (NHC) said. It is expected to become a hurricane later in the day. Work
WorkOpenAI executive who briefly replaced Sam Altman as CEO is leavingMurati’s resignation comes four months after OpenAI co-founder and former chief scientist, Ilya Sutskever, resigned from the company. Sutskever was co-lead of the startup’s “superalignment” team, which was focused on AI’s existential dangers, alongside Jan Leike, who also resigned in May. Work
WorkWork WorkPrime Day deals include the Ring Pan-Tilt Indoor Cam for a record low of $50Elsewhere, the regular Ring Indoor Cam has dropped to $30, which again marks a record low. It's 50 percent off the usual price of $60. Likewise, the Ring Stick Up Camera Pro is half off and has reached a record low price. This model, which is designed to withstand regular rain and snow while capturing footage in 1080p HDR, is on sale for $90. WorkHow to watch Xbox's Toyko Game Show livestreamThe Xbox Tokyo Game Show 2024 Broadcast will be available to watch on Tokyo Game Show's YouTube channel in Japanese, English and a range of other languages. It will also offer audio descriptions in both languages and Japanese and American Sign Language. You might have to wake up pretty early for it, though, as the broadcast airs at 7PM JST, which is 6AM ET or 3AM PT. Anyone based in the UK can catch it at a more reasonable 11AM. WorkWorkUS announces $424m in Sudan aid amid pleas to stop 'senseless' warPointing out that Sudan is classified as the world's largest humanitarian catastrophe, she said it was "heartening that the US had stepped up with more funding, but it was deeply disappointing that other countries have not done more, or circled back to see if they had provided the funds they had promised". WorkChina test launches intercontinental ballistic missile for first time in decadesThe Pentagon has predicted China will double its number of operational nuclear warheads from about 500 now to 1,000 by the end of the decade. The US and Russia respectively have 1,770 and 1,710 operational warheads deployed. Of China’s current stockpile about 350 are ICBMs, and the PLA is constructing hundreds of secret silos to contain the land-based missiles, according to a 2023 Pentagon report. WorkZelenskyy is pitching his 'victory plan' on adverse terrainAsked about the gap between what Ukraine is asking for and what the US is ready to provide, the US official replied: "I don't see it as a real gap. Again, it's a substantive conversation about what the military strategy is and the way that different weapons from different sources might play a role. So it's not a gap, it's a problem to be analysed in terms of a ceasefire." WorkWorkWorkUS Senate votes unanimously to hold hospital CEO in criminal contempt“Dr de la Torre is using his blood-soaked gains to hide behind corporate lawyers instead of responding to the United States Senate’s demand for actions. But while he tries to run and hide, Dr de la Torre is revealing himself for what he truly is – a physician who places personal gain over his duty to do no harm,” he added. WorkWorkWorkWorkWorkWorkToyota Ventures on the hydrogen plateau and the IRA funding crutch“At the end of the day, green products and climate tech products have got to find a path to cost parity with the fossil fuel-based alternatives,” Coca said. “We will never solve this if that doesn’t happen…some consumers will pay up. They’ll pay the green premium. But industry will not.” WorkWorkMicron stock jumps as Q1 revenue forecast tops analyst estimatesThe PHLX Semiconductor Sector Index (^SOX) has begun to recover from a dip at the beginning of the month as tech stocks rallied following the US Federal Reserve’s jumbo interest rate cut and the Chinese central bank’s broad stimulus package. The index is up nearly 6% over the past week. WorkBreaking down Intel's wild weekIntel’s PC and AI woes have left it as a potential takeover target, which is where Qualcomm and Apollo enter the mix. Qualcomm, according to the Wall Street Journal, wants to buy up Intel, though it’s unclear if the company would hold on to all of Intel or sell portions of its business segments. The deal is also sure to generate plenty of antitrust concerns, as the companies are two of the most important chip firms in the US. WorkWorkWorkMagnesium May Reduce Risk of Dementia But Its Not That Simple - Discover Magazine Dementia is one of the most devastating illnesses youre likely to get. How likely? According to the World Health Organization, 55 million people worldwide currently have some form of dementia. In the United States, perhaps as many as one in ten have dementia, while another 22 percent suffer from mild cognitive impairment. Risk increases as you age. Among those over 90 years old, the rate is 35 percent. WorkBiden, on 'The View,' Calls Trump a 'Loser' Who Lacks 'Redeeming Value'He also made the usual jokes about his age. Looking at Alyssa Farah Griffin, a host, he said: “I know you’re only 30, but it’s hard to think of — it’s hard for me to even say how old I am. No, I’m serious. I give you my word. It’s like, holy God, that can’t be right, this can’t be right … No woman close to me is as old as I am. None.” To which Whoopi Goldberg, another host, interjected, “Right now they are!” WorkMeet the G.O.P. Personal Injury Lawyer Buying His Own Trump AdsMr. Newlin is motivated, he says, by concerns about the country’s direction under a Harris administration, but also by the desire to micromanage the millions of dollars he has poured into politics over the past year. He relishes the opportunity to put himself in the middle of the action: Mr. Newlin stars in one of his ads, where he stands alongside Mr. Lamb in front of a blue curtain and several American flags. WorkWorkAn AI service promised 'the world's first robot lawyer.' The FTC says it was a scamAdditionally, the FTC filed lawsuits against four other companies, including Ascend Ecom, an online business that allegedly falsely claimed its “cutting AI technology” would help consumers earn passive income of thousands of dollars per month. Other companies facing FTC scrutiny are Ecommerce Empire Builders, Rytr, and FBA Machine. WorkWorkWorkJamie Dimon likes Elon Musk's plans to slash government spending: 'We really need to do it'Musk in 2017 resigned from his spot on Trump’s White House advisory councils after the then-president withdrew from the Paris climate agreement, calling the move “not good for America or the world.” In an interview with Trump earlier this month, Musk said climate change wasn’t an issue that needed immediate attention and walked back his earlier, harsher comments on the oil and gas industry. WorkBehind OpenAI's Audacious Plan to Make A.I. Flow Like ElectricityWhen word leaked that Mr. Altman, 39, was looking for trillions of dollars, he was mocked for seeking investments equivalent to roughly a quarter of the annual economic output of the United States. Officials in Washington also expressed concerns that a U.S. company was trying to build vital technology in the Middle East. To build A.I. infrastructure in a number of countries, American companies would need approval from United States officials who oversee export controls. WorkInside Harris's Big Economic PitchSpeaking in Georgia on Tuesday, Trump — who labeled Harris a “communist” — pitched an economic plan that was full of sticks and carrots. Among its components were issues both familiar, such as vowing to slap huge tariffs on importers that run afoul of the Republican Party’s free-trade wing, and new, such as giving foreign companies access to federal lands to move their production (and create jobs) on American soil. WorkA Leggy Tyrannosaur Emerges From a Mexican DesertSeventy to 80 million years ago, North America’s west was home to multiple tyrannosaur species. Most of them — animals like Albertosaurus, Daspletosaurus and the eventual emperor of the continent, Tyrannosaurus rex — are known from specimens found in the Great Plains or Canada. WorkWorkPutin Declares Changes to Russian Nuclear DoctrineThe debate over the threat of Russian nuclear use has come to a head this week with a visit by President Volodymyr Zelensky of Ukraine to the United States, in which he has kept up that lobbying effort to use Western missiles against targets deep inside Russia. Mr. Putin said this month that such a move would “mean that NATO countries — the United States and European countries — are at war with Russia.” TradeBriefs Publications are read by over 100,000 Industry Executives About Us | Advertise | Privacy PolicyUnsubscribe (one-click) You are receiving this mail because of your subscription with TradeBriefs.
Our mailing address is 3110 Thomas Ave, Dallas, TX 75204, USA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|