|
Cory Booker Has ‘Concerns' About Platner Revelations in Maine Senate Race The New York TimesGraham Platner's Wife Flagged Sexually Explicit Texts to His Senate Campaign WSJGraham Platner's wife ‘angry, disappointed' her past disclosure of his extramarital sexting was made public NBC NewsPlatner's campaign confirms he sent sexual texts to women while married Politico
|
|
Apple TV 4K on track to break a record no one wants to see happen 9to5MacNew Apple TV and HomePod Mini Are 'Nearly Ready' to Launch, New Siri Remote Also Rumored MacRumorsApple TV, HomePod mini updates are waiting for Siri's upgrade AppleInsiderI know what the next Apple TV needs to succeed Pocket-lintThe wait it is over, after 4 years new Apple TV expected next month thepost.co.za
|
|
Myanmar: Huge blast kills dozens in village in rebel-held region BBCDozens killed in explosives depot blast in northeast Myanmar Al JazeeraMyanmar Explosion Bluefield Daily TelegraphRescuers say a blast at a building in Myanmar said to be storing mining explosives has killed more than 45 people WNEP
|
|
Newark mayor imposes curfew around Delaney Hall after clashes over immigration detention center AP NewsSee more headlines & perspectives on Google News
|
|
Matt Brown, ‘Alaskan Bush People' Star, Dies at 42 Variety'Alaskan Bush People' Star Matt Brown Dead at 42 People.com‘Alaskan Bush People' Star Matt Brown Is Likely Dead After Being Spotted in River, Brother Bear Says TV Insider'Alaskan Bush People' Matt Brown Seen Near River Where Cops Say Man Went Missing TMZ‘Alaskan Bush People' star Matt Brown dead at 43 after sibling helped p
|
|
The economic banishment of all things Russian. Tariffs on Chinese imports. Pandemic-caused shortages of computer chips, bicycles, garage door parts and other imports. Brexit.
Just about everywhere you turn, you can see that the tectonic plates of the global economy have stopped converging and are starting to pull apart in ways that will determine new winners and losers, says Ethan Harris, head of global economics for Bank of America Securities. "Deglobalization is a gradual process, and in the long run, very important" to investors, he says, because it will have profound impacts on corporate profitability.
SEE MORE 16 Dividend Kings for Decades of Dividend Growth
Globalization refers to the increase of commerce across borders. U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. Strategists at BofA have estimated that over the past 20 years, globalization has contributed more than half of what has been a robust expansion in profit margins. Globalization has also helped to deliver low-cost goods to American consumers.
But now, says market strategist Ed Yardeni, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home. "Deglobalization was almost inevitable," Yardeni says. U.S. companies are starting to "reshore" production back to the U.S., "near-shore" it to neighbors such as Mexico, or "friend-shore" it to allies such as Vietnam.
Investment firm Piper Sandler counted more than 900 announcements of companies either building or expanding manufacturing facilities in the U.S. in the 12 months ending in May of 2022. In 2012, there were only about 100 such announcements. Over the long term, companies
|
|
