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Has Team Transitory really won America’s inflation debate?

I n late 2021 Jerome Powell, chairman of the Federal Reserve, called for the retirement of “transitory” as a description for the inflation afflicting America. The word had become a bugbear, having been taken by many to mean that the inflation which had bubbled up early in the year would fade away as supply shortages improved. As the months went by, not only were price increases accelerating, they were broadening out—from used cars to air fares, clothing, home furnishing and more. The economists who had warned that excessive stimulus and overheating demand, rather than production snarls, would make inflation a more serious problem…

ASX set to rise after mega-caps boost Wall Street

The Australian sharemarket is set to open stronger after Wall Street’s main indexes climbed overnight, underpinned by strength in some mega-caps, while caution ahead of a report on US inflation and big bank earnings later in the week kept investor sentiment in check. ASX futures edged up 13 points, or 0.2 per cent, to 7458 as of 7:59am AEDT. On Wall Street, the Dow Jones Industrial Average closed 0.45 per cent higher at 37,695.73, the S&P 500 rose 0.3 per cent and the Nasdaq Composite climbed 0.75 per cent. The Aussie dollar traded largely unchanged at 66.97 US cents. Wall Street closed higher as some mega-cap stocks advanced…

Businesses Reel Under Chinese Data Control: Expert

While China tightens controls on data flow and information sales, businesses across the country are struggling to export data that has grown critical for beating a slowing economy. China introduced a new data security regime in September 2021, including safeguarding “important data” and “core data” involving national and economic security, people’s welfare, and matters of critical public interest. In the second half of 2022, China introduced new guidelines requiring case-by-case clearance for moving and exporting data, which also posed added restrictions on the use of data by businesses. But industry insiders say China has been…

American CEOs view national debt as top geopolitical risk in 2024: Survey

American CEOs said in a new survey that the country’s ballooning national debt is the geopolitical risk that concerns them most for business operations this year, ahead of wars in Ukraine and the Middle East. The potential for an increase in cyberattacks was their next highest geopolitical concern, according to The Conference Board’s C-Suite Outlook 2024, a survey of CEOs and C-Suite executives. Amid the ongoing Israel-Hamas conflict and rising concerns that it could expand into a larger regional conflict, war in the Middle East was the third biggest geopolitical worry for American CEOs, followed by higher energy prices and war in…

Tennis Australia Taps Magnite for Programmatic Advertising and Implements…

SYDNEY, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world’s largest independent sell-side advertising company, announced that Tennis Australia has selected Demand Manager as their Prebid header bidding wrapper solution. Tennis Australia will leverage Magnite’s DV+ platform and solely implement Demand Manager as their wrapper solution to monetise their display and mobile inventory programmatically for the first time and ahead of the Australian Open. Tennis Australia is the governing body for tennis in Australia and stages a number of international tennis events including the Australian Open, one of four major…