26 March 2021

1) The U.S. Supreme Court, in a unanimous 8-0 ruling in a civil procedure case, has made corporations suffer a huge loss by making it easier to sue over defective and dangerous products. The basic thrust of the controversies is actually fairly simple in the case of Ford Motor Co. v. Montana Eighth Judicial District Court. The state court held that it had jurisdiction over Ford Motor Company in a product liability suit stemming from a car accident, since the accident happened in the state where suit was brought, and the victim was one of the state’s residents. Furthermore Ford did substantial business in the state with advertising, selling, and servicing the model of vehicle the suit claims is defective. Ford contends that jurisdiction is improper because the particular car involved in the crash was not sold in the state where Ford was sued, nor was it designed or manufactured there. The Supreme Court has essentially staked out two methods for bringing lawsuits against huge corporations: 1) general jurisdiction, and 2) specific jurisdiction. When minimum contacts are found to be sufficiently related to the cause of action, a given court may exercise jurisdiction over such claims.

2) Taiwan and the U.S. plan to deepen maritime security ties in view of China’s escalating ‘gray-zone’ threats. The Chinese government has made vast maritime claims in the South China Sea and also claims sovereignty over the Japanese controlled Senkaku Islands, which it calls Diaoyu. Until Beijing enacted its new coast guard law last month, the country relied on its myriad of armed fishing militia to harass the vessels of other regional claimants. However, China’s neighbors have raised concerns about the revised maritime police legislation, which allows coast guard ships to fire upon foreign vessels deemed to be intruding in Chinese territorial waters. Manila and Tokyo, both who are U.S. defense treaty allies with the U.S., have expressed concern at the potential consequences of the law.

3) Google’s systems infrastructure group calls their new Systems on Chip (SoC) the motherboard on a chip. The cloud computing giant, who is always in need of more computing power for its servers, until now relies on the motherboard as an integration point, where CPUs, networking, storage devices, custom accelerators and memory all come together. To gain higher performance and to use less power, workloads demand even deeper integration into the underlying hardware. With the SoC, the latency and bandwidth between different components can be orders of magnitude better, with reduced power and cost compared to traditional motherboards.

4) Stock market closings for – 25 MAR 21:

Dow Jones 32,619 up by 199.42
NASDAQ 12,978 up by 15.79
S&P 500 3,910 up by 20.38

10 Year Yields: up at 1.635

Oil: down at 61.84

27 April 2020

1) People are tantalized by the incredibly low oil prices, thinking only of lower gas prices. But economically, there is much more to oil and its low price. First, there is the destruction of America’s shale oil (fracking) industry, which has made us independent of foreign oil. There are fears that if oil doesn’t pick up, then the world could see a major shift in global power. The economies of several nations are very dependent on oil sales, the revenue being the bulk of their GDP. For instance, Saudi Arabia’s oil revenues account for 60 percent of its GDP (Gross Domestic Product), two-thirds of its budget, and nearly three-quarters of its exports. For Russia, one-third of its GDP is petroleum, half its budget, and two-thirds of its exports. The turbulent Middle East has states with greater dependence on oil: including Iran, Iraq, Qatar, and Kuwait. For America, oil accounts for only 8% of our GDP. The coronavirus pandemic has drastically reduce oil consumption world wide, and if it’s slow in returning to pre-pandemic levels, some countries could find themselves in serious financial and geopolitical trouble, with their influence waning and other nations displacing them in the world pecking order. It’s anyone guess how things could settle out and in whose favor.

2) Amazon has been using data about independent sellers on its platform to develop competing products, which their stated policies forbid. Such practices would give the online retailer tremendous advantage in competing against similar products, but is using proprietary information. Information includes total sales, vendor cost for Amazon’s marketing and shipping, and how much Amazon made on each sale, and other non-public information.

3) President Trump stated he would veto an emergency loan for the U.S. Postal Service if the USPS didn’t immediately raise its prices for package delivery. The President considers package delivery prices need to be four times the present charges. He has been critical of the USPS for years, considering the postal service problems are a result of mismanagement.

4) Stock market closings for – 24 APR 20:

Dow 23,775.27 up 260.01
Nasdaq 8,634.52 up 139.77
S&P 500 2,836.74 up 38.94

10 Year Yield: down at 0.60%

Oil: up at $17.18

LATEST TRADE WARS: INDIA ISSUES RETALIATARY TARIFFS ON USA PRODUCTS……

*image source: Shutterstock*

By: Economic & Finance Report

India has struck back on retaliatary tariffs on USA made products. They issued a petition to the WTO (World Trade Organization) on Thursday, June 14, 2018.

The tariffs are in retaliation of products the USA placed on aluminum and steel approx. a month or so ago.

India tariffs will be placed on certain USA, fruits, vegetables, motorcycle parts and steel/aluminum products. -SB

AMAZON CEO (JEFF BEZOS) BECOMES RICHEST MAN IN THE WORLD FOR HALF A DAY….

By: Economic & Finance Report

On Thursday July 27, 2017, Amazon head honcho/founder and CEO, Mr. Jeff Bezos surpassed Microsoft founder Bill Gates, as the richest person in the world, he toppled Mr. Gates with an estimated net worth of $90 billion.

Later on Thursday July 27, 2017 Amazon stocks missed quarterly (Q2) estimates, Bezos net worth declined to $85.9 billion making him #2 richest person (After Bill Gates), thus allowing Bill Gates to reclaim his “richest person mantle” again.

Mr. Bezos and Amazon have had a productive year so far, having purchased Whole Foods, a middle eastern online retail giant Souq.com, and a host of other investments; such as the expansion of warehouses, streaming/content services, as well as marketing and promoting in house products such as the Echo Fire Stick. The Amazon brand remains a strong brand and even a more competitive household name. Successful contributions by an even more accomplished man.

-SB

IMPORTED CHINESE PRODUCTS WIDENS THE US DEFICIT……….

china-us trade

By: Economic & Finance Report

US trade deficit widened as imported products from China helped to increase the deficit further along.  The deficit widened about $ 4 billion dollars (US) from the previous months of  May and June 2016.  In May 2016 the deficit rose to over $41 billion dollars compared to $37.5 billion in April 2016.

Insiders are calling it one of the biggest, if not the biggest trade imbalances since the beginning of 2016. Computers and cellphones imported from China were the main products that added an increase to the trade deficit.

2016 exports have not faring well because of the strength of the dollar against other currencies. The dollar has become more intuitive as of late and the steam does not seem to be slowing down, analyst predict the dollar to remain strong for the remainder of the year. –SB

SPECULATED GOOGLE PAYS APPLE $1 BILLION TO KEEP SEARCH BAR ON IPHONES……..

Google & Apple Partnerships

By: Economic & Finance Report

It has been speculated that Google pays Apple to keep their search engine on their phones. The sum that they actually pay is presumed around $1 billion dollars. Both Apple and Google have declined  to discuss on  the rumor, but other sources in  Silicon Valley have indicated Google pays a hefty fee, and has in the past several years to keep their search engine on the Iphone.

Business insiders believe both companies benefit having each other on their products, as the advertising revenue produces much advantages for both technology titans. Oracle who is in a nasty court battle with Apple, in court documents filed; indicated that both companies entered private partnerships with each other on ad sharing and keeping their brands on each of their products that are serviced. -SB