Daily Management Review
Economics
UBS raises S&P 500 forecast for the end of this year to 5900 points

UBS raises S&P 500 forecast for the end of this year to 5900 points

According to MarketWatch, UBS analysts upgraded their prediction for the S&P 500 American stock index at the end of the year from 5500 points to 5900 points. They predict that by mid-year, the indicator will have increased to 6200 points from the prior predicted 5600 points. Experts feel that the...
Ursula von der Leyen confirmed as head of the European Commission for the second term

Ursula von der Leyen confirmed as head of the European Commission for the second term

Ursula von der Leyen, the President of the European Commission (EC), has been granted a second five-year term by members of the European Parliament (EP). Von der Leyen received 401 votes in favor during a secret ballot, 284 votes against, and 15 abstentions. There were seven blank votes. Out of...
Fears Over Trade With China Caused Chip Stocks To Lose Almost $500 Billion In Value

Fears Over Trade With China Caused Chip Stocks To Lose Almost $500 Billion In Value

In its worst day since 2020, Wall Street's semiconductor index saw a loss of almost $500 billion in stock market value on Wednesday. The decline was attributed to a report indicating that the US was considering stricter restrictions on the sale of sophisticated semiconductor technology to China....
Due To Increasing US Rate-Cut Bets, Gold Maintains Its Record High

Due To Increasing US Rate-Cut Bets, Gold Maintains Its Record High

As traders increased their bets on the U.S. Federal Reserve beginning a cycle of interest rate cuts, gold prices firmed on Thursday, staying close to a record peak set the previous session. This restrained advances in the dollar and Treasury rates.   Averaging $2,464.13 an ounce as of 1006...
EU allocates €1.2 bln to Baltic States for Rail Baltica construction

EU allocates €1.2 bln to Baltic States for Rail Baltica construction

The building of the European gauge railway line Rail Baltica in Latvia, Estonia, and Lithuania has been given funds totaling €1.2 billion until 2027 by the European Executive Agency for Climate, Environment, and Infrastructure (CINEA), the Latvian Ministry of Transport informed BNS. The...
More U.S. districts note slowdown in economic activity

More U.S. districts note slowdown in economic activity

According to a regional assessment released by the Federal Reserve (Fed) on Wednesday, dubbed the Beige Book, most US regions' economies grew at a weak (slight) or modest (mild) pace between late May and early July. Out of the twelve districts, seven indicated increased activity, and three more...
Global investment banks lower forecasts for China's GDP in 2024

Global investment banks lower forecasts for China's GDP in 2024

International investment banks downgraded their projections for the Chinese economy in 2024 following the release of less encouraging than anticipated data regarding the dynamics of the Chinese GDP for the second quarter, reports MarketWatch. The State Statistical Office of China stated that the...
Japan Discovers A "Stealth" Remedy For Zombie Companies: Allow Them To Collapse

Japan Discovers A "Stealth" Remedy For Zombie Companies: Allow Them To Collapse

Hitoshi Fujita's firm was essentially a typical mom-and-pop enterprise producing metal parts for the most of its 72-year existence. After then, it took an uncommon step for a tiny Japanese manufacturer: it grew, acquiring two nearby businesses in the previous ten years.   According to...
Gaza ceasefire talks to resume in Qatar this week

Gaza ceasefire talks to resume in Qatar this week

Israeli media said that negotiations on a cease-fire in the Gaza Strip and the release of Israeli detainees will pick back up this week, with negotiating teams predicted to land in the capital of Qatar as early as July 15. The radical Palestinian organization abandoned its earlier demand for the...
Trillions Of Dollars Are Expected To Be Left To Women As Part Of The Massive "Horizontal Wealth Transfer"

Trillions Of Dollars Are Expected To Be Left To Women As Part Of The Massive "Horizontal Wealth Transfer"

According to a recent estimate, up to $9 trillion is anticipated to be transferred to spouses and partners in the future years as part of a phenomenon known as "the horizontal wealth transfer."   It is anticipated that elder generations and ageing baby boomers would donate $84 trillion in...
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