My Investing Muse (16Dec24)
Layoffs & Closure news
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Evonik aims to spin off assets and could shed 7,000 jobs - Reuters
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Another low-cost airline filed for Chapter 11. GOL announced on Dec. 10 that it filed a reorganization plan that promises to convert $1.7 billion of debt into equity and raise $1.85 billion of new financing through new investors. - The Street
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Luxury Brands Face A Retail Labor Crisis As 51% Of Employees Plan To Leave Their Jobs - Forbes
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Cruise, SF's embattled self-driving car company, is finally folding after $10B in losses - SF Gate
Supply Chain News
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In 2025 the deliveries of new vessels will again raise the capacity oversupply, said Braemar, “even allowing for Red Sea avoidance, oversupply is expected to increase from 3-4% in 2024 to 7-8% in 2025,” said the broker. - SeaTrade Maritime
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“Tariffs make trade less efficient by adding costs, time, and complexity,” said Christian Roeloffs. “businesses may rely on transshipments, rerouting through Mexico, or diversifying production and assembly sites. This inefficiency requires additional capacity, much like what we saw during Red Sea diversions." - FreightWaves
The supply chain is the lifeblood of the economy — it is how goods and services move, and its activities foretell economic activities.
My final thoughts
The consumer price index showed a 12-month inflation rate of 2.7% after increasing 0.3% on the month. Excluding food and energy costs, the core CPI was at 3.3% on an annual basis and 0.3% monthly. All of the figures were in line with forecasts. - CNBC
Inflation looks stubborn (unsurprisingly). More have raised their concerns about the Federal debts and their impact on America's future development.
We are coming to the end of the Q3/2024 earnings season. A new season will start in 2+ weeks and Q4 earnings will be upon us. President-Elect Trump is putting pressure to end the conflicts and charting America on a course to greater influence and efficiency. There is much to be hopeful for as allies like Germany, Japan and South Korea are facing various challenges.
There is no easy ride but there is much to be hopeful for. Let us consider a review of the portfolios we hold and it is time to cut loss with ones showing falling fundamentals.
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