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U.S Bureau Economic Analysis reports slight rise personal income outlays August
By Globe Banner | Sep 27, 2024
Personal income in the United States increased by $50.5 billion, or 0.2 percent, in August, according to estimates released by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI), which is personal income less current taxes, rose by $34.2 billion, also a 0.2 percent increase. Personal consumption expenditures (PCE) grew by $47.2 billion, marking another 0.2 percent rise.
BEA reports Q2 economic data showing mixed results across US states
By Globe Banner | Sep 27, 2024
Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the second quarter of 2024, with the percent change ranging from 5.9 percent at an annual rate in Idaho to -1.1 percent in Alaska, according to statistics released today by the U.S. Bureau of Economic Analysis.
Starbucks stock downgraded due to uncertainty on operational improvements
By Globe Banner | Sep 26, 2024
Starbucks Corp., a global leader in the coffeehouse industry, has encountered a recent stock downgrade by analysts due to ongoing challenges. Highlighted issues include concerns over operations, organizational culture, and value perception.
BEA reports U.S GDP growth at annual rate of three percent for second quarter
By Globe Banner | Sep 26, 2024
The U.S. Bureau of Economic Analysis (BEA) has released its third estimate for the second quarter of 2024, showing a 3.0 percent annual increase in real gross domestic product (GDP). This follows a revised 1.6 percent increase in the first quarter.
European buyout fundraising on rise after decline in 2023
By Globe Banner | Sep 25, 2024
Buyout fundraising in Europe shows increasing levels after a decline in 2023, with mid-market private equity firm Inflexion hitting its hard cap.
U.S international investment position shows deficit increase in Q2 2024
By Globe Banner | Sep 25, 2024
The U.S. net international investment position, which measures the difference between U.S. residents' foreign financial assets and liabilities, stood at –$22.52 trillion at the end of the second quarter of 2024. This information was released by the U.S. Bureau of Economic Analysis.
Preqin forecasts $29.2tn global alternatives AUM by 2029
By Globe Banner | Sep 19, 2024
Preqin released a report predicting global alternatives Assets Under Management (AUM) could reach $29.22tn by 2029, with the reported level being $16.78tn at the end of 2023.
US current-account deficit grows 10% in Q2 2024
By Globe Banner | Sep 19, 2024
The U.S. Bureau of Economic Analysis has reported a significant increase in the nation's current-account deficit for the second quarter of 2024.
Masimo Corporation faces pivotal moment for shareholders this week
By Globe Banner | Sep 17, 2024
Masimo Corporation, a global leader in non-invasive medical monitoring technology, faces a significant decision on Sep. 19 that could reshape its future. The upcoming annual shareholder meeting on Thursday will address whether to retain long-serving CEO Joe Kiani or bring in Quentin Koffey, a representative of hedge fund Politan Capital Management.
Rep. Hill: 'The Nigerian government must understand that the continued wrongful detention of Tigran is putting our relationship in jeopardy'
By Globe Banner | Sep 16, 2024
Arkansas State Rep. French Hill has called for stronger U.S. action in securing the release of Tigran Gambaryan, a former IRS crypto investigator detained in Nigeria for six months. Hill warned that Nigeria’s wrongful detention of Gambaryan is jeopardizing U.S.-Nigeria relations and urged President Biden to engage directly to resolve the situation.
Executive Director of Vapor Technology Association: The ‘Center for Tobacco Products created a flawed and broken PMTA process'
By Globe Banner | Sep 15, 2024
Tony Abboud, executive director of the Vapor Technology Association, expressed strong disagreement with the FDA’s Center for Tobacco Products' rulings against e-cigarettes in favor of traditional tobacco products. Abboud made this statement publicly on September 10.
BusinessEurope urges proactive EU trade agenda in new legislative cycle
By Globe Banner | Sep 11, 2024
In a new paper published today, BusinessEurope has emphasized the need for the European Union to use the upcoming legislative cycle to revitalize its trade agenda. BusinessEurope Director General Markus J. Beyrer stated, “During the next institutional cycle, we call on EU leaders to adopt a trade agenda that is proactive, creative and forward-looking. To rebalance the focus placed in recent years on its defensive toolkit, the EU must develop an ambitious diversification strategy."
Bodum CEO: Partnership with Starbucks based on 'mutual respect' from former CEO
By Globe Banner | Sep 10, 2024
Jorgen Bodum, CEO of Bodum USA, said his company's relationship with Starbucks was based on the "mutual respect" between himself and former Starbucks CEO Howard Schultz, which degraded when Schultz stepped down.
BusinessEurope endorses Draghi's report on EU competitiveness
By Globe Banner | Sep 9, 2024
Welcoming the much-anticipated report on the future of the EU’s competitiveness, presented by Professor Mario Draghi, BusinessEurope President Fredrik Persson expressed his support.
U.S trade deficit widens to nearly \$79 Billion as imports surge
By Globe Banner | Sep 4, 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $78.8 billion in July, up $5.8 billion from $73.0 billion in June, revised.
U.S trade deficit rises to \$78\.8 Billion in July
By Globe Banner | Sep 4, 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $78.8 billion in July, up $5.8 billion from a revised figure of $73.0 billion in June.
US Bureau reports rise in income and consumer expenditures for July
By Globe Banner | Aug 30, 2024
Personal income increased by $75.1 billion, or 0.3 percent at a monthly rate, in July 2024, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), which is personal income less personal current taxes, rose by $54.8 billion (0.3 percent) and personal consumption expenditures (PCE) increased by $103.8 billion (0.5 percent).
Tokenization of real-world assets poised for rapid growth, report finds
By Globe Banner | Aug 29, 2024
A report by Roland Berger in October 2023 announced the market value of tokenized assets is projected to surpass $10 trillion by 2030, signaling significant growth and adoption.
U.S economy shows growth as GDP rises by three percent
By Globe Banner | Aug 29, 2024
Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2024, according to the "second" estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP increased by 1.4 percent.
US citizen’s 6 month detention in Nigeria alarms international business community
By Globe Banner | Aug 28, 2024
The six month detention of Tigran Gambaryan, a U.S. citizen and former federal agent, now employed by cryptocurrency exchange Binance, is raising concerns about Nigeria’s international business reputation and its attractiveness to foreign investors.