Unsurprisingly, following the Department of Commerce recommendations , US President Donald Trump announced tariffs on Steel and Aluminium imports. Continue reading “The economics behind the 25% tariff on Steel imports and 10% tariff on Aluminium imports to the US”
Jamie’s Italian and Barbecoa, Strada, Byron, Prezzo, Chimichanga, MEXIco, Cleaver, Square Pie, EAT – the growing list of chain restaurants in the UK which have either completely closed or are closing several restaurants.
The fashion store East, shoe chain Shoon, bed specialists Warren Evans and Feather & Black, toy store Toys R Us, electronic store Maplin have all gone into administration or liquidation. Meanwhile House of Fraser, Debenhams and New Look are all struggling, with all three considering large-scale closures of stores or space.
Even grocery retailers Tesco, Sainsburys and Morrisons have announced staff redundancies. So, what is happening? Continue reading “Retail and restaurant apocalypse in the UK?”
Sky (Sky Plc) announced today that it will make Netflix available through its latest Sky Q device/box. Why is this important? Continue reading “Will Rupert Murdoch buy Netflix with the sale proceeds of 21st Century Fox to Disney?”
Music streaming service Spotify has officially filed its paperwork to go public through a direct listing.
It plans to list on the New York Stock Exchange (NYSE) under ticker SPOT. Continue reading “Spotify to go public with a direct exchange listing”
Here is a listing of all posts from February 2018, Continue reading “All posts from February 2018”
The US dollar has lost significantly against a basket of currencies in both 2017 and 2018 (so far), details here.
In fact, the US dollar has lost over 10% against 29 currencies (for 56 countries) over the past year, details here. Continue reading “When does a weak US dollar become a headache for the Federal Reserve?”
An aging world: Babies born in 2018 can expect to live to over 100. In 2015, there were around 600 million people aged 65 or over and that number is expected to rise to over 2 billion by 2050.
Changing demographics: There are currently 8 workers in employment for every retiree today, that number is likely to reduce to 4 workers in employment for every retiree by 2050.
Underfunding: The UK currently has $6.2 trillion in underfunded government and public-sector employee pensions. For the US that amount is over $25 trillion.
Lower bond yields: Previous funding assumed 7% bond yields, the number has been much closer to 2.5% since 2009 which has caused major deficits. Continue reading “The looming pension crisis”
Here is a chart of the average quoted interest rate on savings/deposits in the UK (Source: Bank of England) since 2011, Continue reading “Will saving/deposit interest rates in the UK really improve if the base rate goes up? One chart might answer the question”
Here are the currencies against whom the US Dollar (USD) has lost 10% or more over the past year, Continue reading “Here are the currencies against whom the US Dollar has lost 10% or more over the past year”
Apple is in talks to buy Cobalt (a key material used in mobile phone batteries) directly from miners. The price of Cobalt has more than tripled in the past 18 months to trade above $80,000 a metric ton. Apple is one of the largest end users of the metal. Here are how commodities have been performing over the past year, Continue reading “As everyone focusses on the stock and bond markets, here are how commodities have been performing”