May 25Baby Formula Manufacturers, FDA & Congress Meet to Discuss ShortageA bipartisan group of lawmakers were putting the spotlight on manufacturers of baby formula and industry experts due to an ongoing shortage on Wednesday, with two House hearings taking place on Capitol Hill. “We expect answers from the FDA, Abbott and the other two leading formula manufacturers on why caregivers…FDA3 min read
May 12Janet Yellen Speaks Out on VolatilityThe United States Secretary of the Treasury, Janet Yellen recently told lawmakers that the Covid-19 pandemic and the war in Ukraine may continue to add turbulence to the world economy. The war in Ukraine has disrupted supplies of food and energy, contributing to the highest level of inflation in decades…Economy2 min read
May 4What’s Going on With Netflix?Netflix has suffered its first subscriber loss in about a decade, resulting in a 25% drop of its shares amid concerns that the pioneer of the streaming service industry may be in decline. The company’s subscriber base plummeted by 200,000 during the January-March period, according to the company’s quarterly earnings…Netflix3 min read
Apr 26What to Learn from the JPMorgan’s First-Quarter Earnings ReportJPMorgan Chase started off this year’s earnings season with some less than welcome news: The bank’s first-quarter profit fell 42% from a year ago, driven lower by Russia’s invasion of Ukraine, high levels of inflation, and increasing supply chain problems. CFO Jeremy Barnum told reporters Wednesday that the bank lost…Markets2 min read
Mar 31European Countries Scramble to Cut Ties with RussiaPoland recently announced that the country will take steps to cut Russian oil imports by the end of next year, the prime minister stated Wednesday, as Germany triggered an early warning level for natural gas supplies and called on consumers to save energy amid Russia’s war in Ukraine. Poland has…Russia3 min read
Mar 21The Sudden Rise of Stock & Treasury YieldsNews of potential peace talks between Russia and Ukraine, Chinese stimulus, and an upcoming U.S. interest rate hike has boosted stocks and U.S. Treasury yields recently. Russia and Ukraine have both shown an interest in compromise lately as peace talks were set to resume three weeks into a Russian assault…Stocks3 min read
Mar 15Why Is AMC Buying Gold?Meme stock AMC is buying 22% of a Nevada-based miner of gold and silver, diversifying away from its core movie-theater operations in order to “adapt its business model to a post-Covid-19 world.” AMC has stated that it will invest $27.9 million in cash in Hycroft Mining — AMC CEO Adam…Amc2 min read
Mar 2Fighting Back Against the Rising Prices of Household GoodsThe Colgate CEO stated last week at an industry conference that the household goods maker sees its new Optic White Pro Series toothpaste as the type of premium product “vital” to its ability to raise prices, which will help drive profit growth this year. …Walmart3 min read
Published in Digital Diplomacy·Feb 24Blood Money: The Zürich PapersFor centuries Switzerland was the center for global banking secrecy, conjuring up visions of vast riches safely held in mountain vaults attached to numbered bank accounts with global access. It’s a brand — one Switzerland’s government does everything it can to protect. At the dawn of millennia, America coming off…Credit Suisse3 min read
Feb 16California Introduces New Age-Appropriate Privacy BillThe California State Assembly recently announced plans to introduce a new data protection bill to protect the information of children online. The move mirrors the UK’s recent age-appropriate design code as part of a growing movement globally to impose strict regulations on Big Tech. The age-appropriate design code bill will…California2 min read