Daily Management Review
Economics
U.S. And China Strengthen Financial Cooperation Amid Global Economic Uncertainty

U.S. And China Strengthen Financial Cooperation Amid Global Economic Uncertainty

Last week, the United States and China took significant steps to enhance their cooperation on financial stability, marking a notable development in the ongoing dialogue between the world’s two largest economies. According to a readout from the People’s Bank of China (PBOC) on Monday, the agreements...
Labor Market Resilience Shifts Goldman Sachs’ US Recession Outlook

Labor Market Resilience Shifts Goldman Sachs’ US Recession Outlook

Goldman Sachs has revised its outlook on the U.S. economy, reducing the probability of a recession to 20%, down from a previously raised estimate of 25%. This adjustment comes as recent labor market data suggests that the U.S. economy remains more robust than initially feared.   Earlier this...
Russian Pork Producers Capitalize On EU-China Trade Tensions To Expand In Global Markets

Russian Pork Producers Capitalize On EU-China Trade Tensions To Expand In Global Markets

Russian pork producers are leveraging the ongoing trade tensions between the European Union and China to strengthen their position in global markets, particularly in China, the world’s largest pork consumer. As a new player in the $3.5 billion Chinese import market, Russia is setting ambitious...
US consumer confidence index rises to 67.8 points in August, better than forecasts

US consumer confidence index rises to 67.8 points in August, better than forecasts

In August, the consumer confidence index in the United States rose to 67.8 points from 66.4 points in the previous month, reads the initial study from the University of Michigan, which is responsible for calculating this measurement. According to Trading Economics, analysts, on average, forecasted...
Regulatory Scrutiny Of Cash Sweep Programs May Drive Consolidation In Wealth Management Sector

Regulatory Scrutiny Of Cash Sweep Programs May Drive Consolidation In Wealth Management Sector

Moody's Ratings has highlighted that ongoing regulatory investigations into cash sweep programs used by wealth managers could have significant consequences for their credit ratings. This scrutiny poses a substantial risk to the high-margin business models of major firms such as Morgan Stanley and...
U.S. Consumer Sentiment Rises In August Amid Presidential Race Developments

U.S. Consumer Sentiment Rises In August Amid Presidential Race Developments

In August, U.S. consumer sentiment saw a notable rise, influenced by shifts in the political landscape as the race for the White House intensified, according to a survey released on Friday. The University of Michigan's preliminary index reading for consumer sentiment reached 67.8, up from 66.4 in...
China's Antimony Export Controls Highlight Strategic Mineral's Global Impact

China's Antimony Export Controls Highlight Strategic Mineral's Global Impact

China's announcement on Thursday to impose export controls on certain antimony products, effective from September 15, underscores the critical role this mineral plays in various global industries. The new measures, justified by Beijing as necessary for national security, add to a series of...
US authorities accuse crypto project NovaTech of $650 mln fraud

US authorities accuse crypto project NovaTech of $650 mln fraud

The SEC has accused NovaTech and its founders, Cynthia and Eddie Petion, of organizing a Ponzi scheme. Overall, around 200 thousand individuals worldwide were affected by the fraudulent scheme orchestrated by the organizers, the SEC says. The estimated total damage is $650 million. From 2019 to...
Vacation Rental Industry Ramps Up Lobbying to Counter Regulatory Pressures Amid Housing Concerns

Vacation Rental Industry Ramps Up Lobbying to Counter Regulatory Pressures Amid Housing Concerns

The vacation rental industry is intensifying its lobbying efforts to influence U.S. lawmakers as cities across North America increasingly implement restrictions on short-term rentals, citing concerns about housing affordability and neighborhood quality of life.   In 2024, the growth of...
Global Borrowing Conditions Remain Resilient Amid Market Volatility, But Uncertainty Looms

Global Borrowing Conditions Remain Resilient Amid Market Volatility, But Uncertainty Looms

Despite recent turmoil in financial markets, global borrowing conditions have largely withstood the shock, providing a stable environment for borrowers. While the sell-off in equities and corporate debt markets earlier this month triggered by U.S. recession fears and the unwinding of the yen carry...
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