Investors’ retreat from U.S. stocks turned into a stampede Friday, with major indexes suffering declines of more than 4% for the week that made it the worst December start since 2008. The Dow fell more than 550 points amid trade-related tensions.
REUTERS/Kevin Coombs Morgan Stanley says weaker growth looks set in for the long haul once the UK formally leaves the EU. The average quarterly growth rate since the third quarter of 2016 was about 0.4%, which looks set to continue until at least the fourth quarter of 2020, economists at the bank said. In the […]
America’s economy is being pulled in many directions
FINANCIAL MARKETS may have wobbled in recent weeks—the S&P 500 fell by 7.3% in October. But America’s real economy still seems to be in rude health. Figures released on October 26th showed economic growth of 3.5%, at an annualised rate, in the third quarter of 2018. Most economists had expected a sharper slowdown after the […]
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Paul Romer and William Nordhaus share the glory
LinkedIn co-founder Reid Hoffman shares his secret for fast growth and getting ahead of the competition
Shutterstock Startups can be just as risky as they are promising — 20% of small businesses fail in just their first year. But Reid Hoffman, venture capitalist and co-founder of LinkedIn, has a method for success that bucks tradition. “Blitzscaling,” as Hoffman calls it in his new book, means prioritizing speed over efficiency in the face […]
CEO of the beverage giant behind Corona: Cannabis is one of the ‘most significant’ growth opportunities of the next decade
Corona Beer on Instagram Constellation Brands’ CEO Rob Sands is “extremely bullish” about the burgeoning cannabis industry. He defended the company’s $ 4 billion purchase of a 38% stake in Canopy Growth on a call with investors on Thursday. “We’re not playing defense, we’re playing offense,” Sands said. The beverage giant behind Corona and Modelo […]
The payments ecosystem is undergoing a period of digital transformation, which will spur tremendous growth in money moved around the globe in the next five years. Consumers and businesses will make 841 billion noncash transactions worldwide in 2023, up from 577 billion in 2018. The next five years will mark a pivotal transformation in how […]
‘It’s like a whole new mortgage payment’: Mother wants gov’t coverage for son’s growth hormone shots
Luke Germs stopped growing before he turned one. His doctors say he won’t improve without expensive growth hormone shots, but the province will not pay.