Socioeconomics

Key Points: Who isn’t playing the China card in Europe? The answer is Norsk Hydro, a major aluminum producer. While the price of aluminum has seen some improvement in recent months, it is still far below its peak in early 2022. In the midst of this, Hydro faced additional challenges when it closed a smelter

Key Points: Tight Housing Market Puts Pressure on Homebuilders Millennials are finding it increasingly difficult to break into the housing market due to high prices that reflect a nationwide housing shortage. However, homebuilders are also facing their own set of challenges as they struggle to build homes amidst rising costs and inflation. According to a

The U.S. Securities and Exchange Commission has announced that it charged BlackRock, the world’s largest money manager, with failing to disclose $75 million in investments it made in the entertainment industry. The investments were made by a BlackRock manager who had a personal connection to the film company, making the situation all the more intriguing.

Big Tech Sees Rebound in Ad Revenue While many companies have been cutting back on their marketing budgets, Big Tech companies like Alphabet, Meta, and Snap have reported rebounds in ad revenue. Snap saw a growth in ad sales after two declining quarters, Google experienced growth in YouTube ad revenue after three quarters of declines,

China Plans to Establish Central Financial Commission to Regulate Financial Sector: China’s Financial Woes: China has been grappling with a range of financial issues, including a lack of rebound from the pandemic, unemployment among young workers, declining exports, and sanctions on its tech sector.However, the biggest challenge lies in the real estate industry. Formerly a