WASHINGTON—U.S. manufacturing activity picked up in May as pent-up demand amid a reopening economy boosted orders, but unfinished work piled up because of shortages of raw materials and labor. The Institute for Supply Management (ISM) said on Tuesday its index of national factory activity increased to a reading of 61.2 last month from 60.7 in…
Mining Companies Flee China as CCP Cracks Down on Cryptocurrency
After the State Council of China recently announced a crackdown on bitcoin mining and trading practices, several well-known mining pools and companies announced they are leaving China, and moving their businesses to other countries. Several mining platforms have announced that they are blocking IP addresses from China. The “mining” of virtual currency refers to the…
World Stocks Hit Another Record, Oil up in Big Data Week
LONDON—Global stocks hit a record high again on Tuesday and oil rose, as markets shrugged off concerns about rising inflation and looked ahead to U.S. data later in the week that should offer a major clue to the health of the world’s biggest economy. Risk markets have eked out gains in recent weeks as traders…
AP Managing Editor Defends Firing of Emily Wilder Over Pro-Palestinian Twitter Posts
A managing editor for the Associated Press (the AP) has defended the news wire’s decision to let go of its recently hired news associate Emily Wilder, saying that her activity on social media put the outlet’s credibility “at stake.” “It’s really important that we maintain our credibility on these stories, and journalist safety is at…
Create a Strategic Plan for a New Career
I’ve heard every excuse in the book for people not leaving jobs they hate. No matter the excuse, it always comes down to fear and doubt—fear of failing, fear that time has passed them by, fear of what others will say, and doubting they have what it takes to succeed in something different. But it’s time…
Wall Street Has Officially Thrown In Its Lot With Beijing
May 31, 2021
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AnalysisBeijingBusinessChinaChina Business & EconomyEconomiesMarketsOpinionThinking About ChinaWall Street
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Commentary Despite tensions between Beijing and Washington ratcheting up over the last five years, Wall Street firms have steadily increased their business footprint in China while carefully navigating the political whirlwinds. But recent events involving the two of the most important firms on Wall Street signal that the industry is resolute in making China its…
Just 6% of Small Businesses Have Fully Recovered Pandemic Losses, Poll Shows
Just 6% of small businesses that were negatively impacted by the coronavirus pandemic have fully recovered their losses, a Job Creators Network survey showed. The vast majority of U.S. small business owners continue to “claw their way out” of the hole caused by the coronavirus pandemic, according to the poll commissioned by small business advocacy…
You’re in Good Shape Either Way
Dear Dave, I can’t decide whether to sell or keep a rental property. Except for the property in question I’m debt-free, and I make $90,000 a year. I owe $20,000 on the property, and it is worth $65,000. What do you think? George Dear George, You’re in pretty good shape financially, and you could probably…
EU, US, Indo-Pacific Should Join Efforts to Counter China’s Coercive Influence: Conference at Lithuanian Parliament
May 28, 2021
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17+1BusinessChinaChinese Regimeeconomic coercionEuropeInternationalInvestmentLithuaniaPoliticsTaiwanUSWorld
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The Lithuanian Parliament held an international conference on May 24 to address the potential consequences of economic coercion exerted by the Chinese communist regime on Lithuania and European Union states. The conference focused on how the European Union and the United States can strengthen their trans-Atlantic cooperation in dealing with China to counter its efforts…
US Consumers Boosted Their Spending by 0.5 Percent in April
WASHINGTON—Americans increased their spending by 0.5 percent in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks. Even with the pullback from a 4.7 percent surge in spending in March, the April increase provided further evidence that consumers are driving…
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