ECONOMIC AND FINANCE REPORT

By: Economic & Finance Report Alibaba Holdings LTD (BABA) surpassed earnings expectations. The Asian e-commerce giant, stated that their retail business and their cloud business, were huge components in their…

Reprints of all my articles for the economic future of millennials and generation-Z are available on my web site www.peopleobsolete.com. James Lyman BSAE, BSEE, MSSM For the last few years,…

1) The international auto makers Fiat-Chrysler and Peugeot, which is owned by PSA group of France, have agreed to merge. This deal will create one of the world’s largest auto…

1) The Federal Reserve has cut interest rates for the third time this year to ensure the U.S. economy weathers a global trade war without a recession. While the feds…

1) Humana, the health insurance giant, is laying off more than 800 people. These layoffs are from its operations in several states, their intent is to trim payroll by 2%,…

1) Despite more than two centuries in New York, JP Morgan is quietly shrinking its workforce there. The bank has been relocating several thousand New York based employees out of…

1) The telecommunications giant AT&T is making its belated entry into the streaming video business to compete with Netflix, Apple and Disney. AT&T plans to reach about 80 million subscribers…

1) Another wave of technology displacement is sweeping across America, with 32 stores getting rid of their cashiers and checkout lanes. For the last decade or so, there has been…

1) Several high profile companies have missed their third quarter earnings, making analysts worry if a long feared earnings recession may be getting closer. Earnings missed from expectations are FedEx…

1) China is growing at its slowest pace in nearly thirty years, with a 6% growth rate down graded to 5.8% growth which was predicted by the IMF (International Monetary…