Category Archives: Financial

Previews: The Economist Magazine – May 27, 2023

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The Economist Magazine– May 27, 2023 issue: The race to become the Republican nominee for the presidential election in America next year is properly under way. And Donald Trump has a huge, perhaps insurmountable, lead. 

Ron DeSantis has little chance of beating Donald Trump

Hopes of depriving the former president of the Republican nomination are fading

Belatedly and nervously, the would-be assassins have been lining up. On May 22nd Tim Scott, a senator from South Carolina, became the latest Republican to announce a run for president. Greater fanfare accompanied the official declaration (on Twitter) on May 24th that Ron DeSantis, the governor of Florida, is joining the race for the Republican nomination. He has been widely heralded as the candidate with the best chance of defeating the favourite, Donald Trump. But even as more plotters step forward, the chances of a successful coup to overthrow Mr Trump are growing slimmer by the day.

What would humans do in a world of super-AI?

A thought experiment based on economic principles

In “wall-e”, a film released in 2008, humans live in what could be described as a world of fully automated luxury communism. Artificially intelligent robots, which take wonderfully diverse forms, are responsible for all productive labour. People get fat, hover in armchairs and watch television. 

Hungary is becoming more important to China

Viktor Orban and Xi Jinping bond over their anti-Americanism

To ears accustomed to a swelling chorus of China-scepticism in the European Union, the language of Hungarian diplomats is striking. Not for them the common talk of European officials about the need to “de-risk” relations with China and to treat it as a “systemic rival”. Co-operation between Hungary and China presents “opportunities rather than risks”, said Hungary’s foreign minister, Peter Szijjarto, in Beijing on May 15th. Wang Yi, China’s foreign-affairs overlord, told him that relations between the countries had entered their “best period in history”.

Finance Preview: Barron’s Magazine – May 22, 2023

Magazine - Latest Issue - Barron's

BARRON’S MAGAZINE – MAY 22, 2023 ISSUE

10 Stocks to Play a Resurgent Energy Sector, From Our Roundtable Experts

Our energy roundtable predicts higher crude prices as global demand grows faster than supply. What’s ahead for U.S. shale, the majors, and the energy transition.

ILLUSTRATION BY MICHAEL HOUTZ

Goldman Sachs Is Evolving. David Solomon on the Next Chapter.

Goldman Sachs Is Evolving. David Solomon on the Next Chapter.

The CEO sat down with Barron’s to discuss his critics’ complaints, the challenging climate for banking, his growth ambitions, and DJing side gig.Long read

Forget the Bud Light Mess. BUD Stock Is a Buy.

Forget the Bud Light Mess. BUD Stock Is a Buy.

The controversy over Bud Light’s transgender promotion obscures Anheuser-Busch InBev’s push to boost global sales and revenue growth

The 5 Stocks That Rule This Market—and Make Investors Nervous

Al Root

UP AND DOWN WALL STREET

The Market Shrugs off Doomsday Scenarios. It Just Might Be Right.

Ben Levisohn

THE ECONOMY

Why a Fed Hike Is Still on the Table for June

Megan Cassella

Previews: The Economist Magazine – May 20, 2023

Business | May 20th 2023 Edition

The Economist – May 20, 2023 issue:

Joe Biden’s global vision is too timid and pessimistic

The president underestimates America’s strengths and misunderstands how it acquired them

In the 1940s and early 1950s America built a new world order out of the chaos of war. For all its shortcomings, it kept the peace between superpowers and underpinned decades of growth that lifted billions out of poverty. Today that order, based on global rules, free markets and an American promise to uphold both, is fraying. Toxic partisanship at home has corroded confidence in America’s government. 

China and the West take a step to ease Africa’s debt crisis

A deal for Ghana is the first test case for a new approach

A man holds a 100 cedis, the Ghana currency, note in Accra, Ghana, on December 1, 2022. - Ghana is battling its worst economic crisis in decades.The government on December 14, 2022 signed a $3 billion bailout deal with the International Monetary Fund in a bid to shore up its public finances, but economic stability is still a way off.Once applauded as a haven of economic stability and security in a region plagued by coups and jihadist wars, Ghana has steadily lost investor confidence as its economy slipped into crisis. (Photo by Nipah Dennis / AFP) (Photo by NIPAH DENNIS/AFP via Getty Images)

Ghana made history when it led the wave of sub-Saharan African countries that won independence more than six decades ago. It may now be making history again, as the first test case for a new approach to debt relief. China and Western governments may have overcome one barrier to restructuring the billions of dollars owed by countries with unsustainable debts.

Finance Preview: Barron’s Magazine – May 15, 2023

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BARRON’S MAGAZINE – MAY 15, 2023 ISSUE

How a SpaceX IPO Could End Musk’s Uncomfortable Tesla-Twitter Dance

How a SpaceX IPO Could End Musk's Uncomfortable Tesla-Twitter Dance

A Starlink IPO could raise billions of dollars and mean less selling of Tesla in the years ahead.

The New Bank Landscape—and How to Invest Amid the Turmoil

The New Bank Landscape—and How to Invest Amid the Turmoil

Lenders face steep economic hurdles and stiffer regulations. How to invest as the industry reshapes itself.

Space Could Be a Trillion-Dollar Business. Here Are the Stocks to Play It.

Space Could Be a Trillion-Dollar Business. Here Are the Stocks to Play It.

Rocket Lab, Planet Labs, and other companies are high-risk bets on taking business to the final frontier.

Previews: The Economist Magazine – May 13, 2023

Is Chinese power about to peak? | The Economist

The Economist – May 6, 2023 issue:

Is Chinese power about to peak?

The country’s historic ascent is levelling off. That need not make it more dangerous

The rise of China has been a defining feature of the world for the past four decades. Since the country began to open up and reform its economy in 1978, its gdp has grown by a dizzying 9% a year, on average. That has allowed a staggering 800m Chinese citizens to escape from poverty. Today China accounts for almost a fifth of global output. The sheer size of its market and manufacturing base has reshaped the global economy. Xi Jinping, who has ruled China for the past decade, hopes to use his country’s increasing heft to reshape the geopolitical order, too.

Small, sensible steps could help ease America’s border woes

The art of the practical in dealing with migrants, drugs and gangs

The rehabilitation of Syria’s dictator raises awkward questions for the West

Clearer principles about how and when to ease sanctions are needed

Finance Preview: Barron’s Magazine – May 8, 2023

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BARRON’S MAGAZINE – MAY 8, 2023 ISSUE

Culture Wars Are Hitting Companies. How They’re Fighting Back.

Culture Wars Are Hitting Companies. How They're Fighting Back.

Bud Light is the latest casualty in a battle over whether companies are embracing too many progressive goals on everything from gender identity to climate change. What’s at stake as companies fight back.

Thinking of Buying Bank Stocks? You’ll Need a Strong Stomach.

Thinking of Buying Bank Stocks? You’ll Need a Strong Stomach.

No one wants to buy bank stocks ahead of a recession, says UBS analyst Erika Najarian.

Weight-Loss Drugs Will Be Blockbusters. Here’s the Stock to Buy.

Weight-Loss Drugs Will Be Blockbusters. Here’s the Stock to Buy.

Everyone is talking about Eli Lilly’s Mounjaro and Novo Nordisk’s Ozempic. Now, the drugs are poised to go from conversation starters to profit makers.

Biofuel Stocks Are Sputtering. They Could Get a Jump Start.

Biofuel Stocks Are Sputtering. They Could Get a Jump Start.

An industry reckoning over carbon credits could refresh the market for renewables derived from things such as cooking oil and cow manure. These beaten-down stocks that could get a lift once headwinds subside.

Previews: The Economist Magazine – May 6, 2023

Much of the Earth remains unexplored | The Economist

The Economist – May 6, 2023 issue:

Governments are living in a fiscal fantasyland

The world over, they are failing to confront the dire state of their finances

If Turkey sacks its strongman, democrats everywhere should take heart

After 20 years of increasingly autocratic rule, Recep Tayyip Erdogan risks eviction by voters

Time to engage (very carefully) with the Taliban

Isolating the mullahs is not working. The West needs a more constructive approach

Finance Preview: Barron’s Magazine – May 1, 2023

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Barron’s Magazine – May 1, 2023:

The Cautionary History of Debt-Limit Gimmicks

Illustration by Alvaro Bernis

The U.S. Congress began imposing debt limits in 1776. When the Continental Congress authorized its very first loan from France, it instructed U.S. commissioners to borrow a “sum not exceeding two million sterling.” Congress continued to permit the Treasury to borrow only up to bond-by-bond specific limits until 1917. Prior to then, U.S. Treasury secretaries actually operated under multiple debt limits, authorized bond by authorized bond. The single, aggregate debt limit we’re more familiar with today was first adopted by the U.S. in 1939.

The Fed Has Few Good Options. The Risk of a Misstep Is Growing.

The Fed Has Few Good Options. The Risk of a Misstep Is Growing.

The Federal Reserve is struggling to cool inflation further without damaging the economy. The easy part is over.

J&J’s Kenvue Spinoff: A Rare IPO Winner in a Moribund Market

J&J’s Kenvue Spinoff: A Rare IPO Winner in a Moribund Market

The consumer health company features a range of leading brands, a relatively cheap valuation, a solid balance sheet, consistent earnings, and a healthy dividend yield. It’s no tech unicorn, a good thing in 2023.

Pressure on First Republic Mounts as Advisors Jump Ship

Pressure on First Republic Mounts as Advisors Jump Ship

The bank’s elite wealth management unit is suffering a major talent drain. It may only get worse.

Previews: The Economist Magazine – April 29, 2023

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The Economist – April 29, 2023 issue:

As Israel turns 75, its biggest threats now come from within

The country needs a new political settlement that diminishes the power of extremists

As israel marks its 75th anniversary, take a moment to admire how it has triumphed against the odds. Before it declared independence in 1948 its own generals warned that it had only a fifty-fifty chance of survival. Today Israel is hugely rich, safer than it has been for most of its history, and democratic—if, that is, you are prepared to exclude the territories it occupies. It has overcome wars, droughts and poverty with few natural endowments other than human grit. It is an outlier in the Middle East, a hub of innovation and a winner from globalisation.

The West should supply Ukraine with F-16s

Or Russian fighter jets may win control of Ukrainian skies

A F-16 jet fighter of Royal Dutch Air Force lands on the runway of Volkel air base, southern Netherlands, on January 2, 2019. - The Dutch Air Force took part in the Air Task Force Middle East mission to fight against ISIS in Iraq and Eastern Syria. (Photo by Remko de Waal / ANP / AFP) / Netherlands OUT (Photo credit should read REMKO DE WAAL/AFP via Getty Images)

As Ukraine prepares its forces for a crucial counter-offensive, the argument among its Western allies about what equipment to provide chunters on. Having finally received the tanks it had been pleading for since last year, Ukraine has increased the intensity of its demands for fighter jets. Yet its pleas are falling on largely deaf ears.

Finance Preview: Barron’s Magazine – April 24, 2023

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Barron’s Magazine – April 24, 2023:

The Battle for the Future of the Car Is On. Tech Is a Weapon.

The Battle for the Future of the Car Is On. Tech Is a Weapon.

Auto makers are pressing ahead with “software-defined vehicles.” Here are the suppliers helping to make it happen.

Fewer Money Managers Are Bullish on the Stock Market Now

Fewer Money Managers Are Bullish on the Stock Market Now

Professional investors favor bonds over stocks for the next 12 months, according to the Big Money Poll. The biggest risk to the market: recession.

Inside Barry Diller’s Plan to Stop ChatGPT From Destroying the News Business

Inside Barry Diller’s Plan to Stop ChatGPT From Destroying the News Business

Diller, chairman of IAC, says artificial intelligence could be an existential threat to publishers. He’s rallying the industry to fight back.