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#economy

266 posts106 participants6 posts today

#Canada - Hudson's Bay says it will liquidate entire business if no financing can be secured

> The death knell is ringing for Canada's oldest company.

> Hudson's Bay announced late Friday evening that unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week, putting more than 9,000 jobs at risk.
cbc.ca/news/business/hudson-s- #economy #tariffs #saksfifthavenue #saks

CBCHudson's Bay says it will liquidate entire business if no financing can be secured | CBC NewsA closure of the entire business would mean job losses for 9,364 employees the company has in Canada across its Hudson's Bay stores, as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations it owns through a licensing agreement.

Citi Upgrades China #Stocks as US Gets Downgraded in Markets Divergence

> As Citi downgraded #US stocks, it upgraded #China to overweight in another sign of divergence in their market outlooks. “US exceptionalism is at least pausing” for the coming few months, according to its strategists. While the MSCI £China Index slumped, it remains up by over 3% since the start of (meeting). The rally sparked by #AI sensation #DeepSeek is infusing new energy... bloomberg.com/news/newsletters #economy #tariffs

UK economy shrank unexpectedly by 0.1% in January

> The economy contracted by 0.1%, which was weaker than forecast, driven mainly by a decline in the manufacturing sector.

> The government has made boosting growth its key priority, but the weakness of the economy is expected to affect Chancellor Rachel Reeves's decisions as she seeks to meet her self-imposed rules on tax and spending.
bbc.com/news/articles/cly3mdlk #UK #economy #tariffs

A man in a dark blue quarter zip long sleeve top showing a woman in a light blue denim shirt something on a laptop screen in a workshop with machinery behind them
www.bbc.comUK economy shrank unexpectedly by 0.1% in JanuaryA slowdown in manufacturing was one of the main reasons for the dip, the Office for National Statistics says.

For decades, New Yorkers knew that Trump and the Trump family f..ked everybody over, stiffing everyone they dealt with from contractors to lawyers.

So why would anybody think he’s unwilling to continue doing the same with American businesses and allies?

There's a common misconception that China's economy development only really took off after Deng reforms. However, the reality is that there's been steady progress since the revolution.

The reason it wasn't as visible initially was due to the fact that China started from a place of extreme poverty.

Replied in thread

"Instead, he’s reducing the value of everyone’s life savings. And now, just in these last two weeks, the mood is changing. Independents are starting to peel away. It’s only a matter of time before a firm majority of Americans wrap their heads around reality—and maybe not much time, at that.

#Musk #Trump #destruction #FederalGovernment #firings #workers #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts #Congress #Republicans
/17

Replied in thread

"The MAGA propaganda network insisted last year that Trump was a master of economic policy, even though he kept telling us the precise ways in which he was going to wreck the economy. It got just enough people to believe that he would magically reduce the price of everything on the shelves."

~ Michael Tomasky

#Musk #Trump #destruction #FederalGovernment #firings #workers #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts #Congress #Republicans
/16

newsletter.tnr.com/index.php?a

newsletter.tnr.comTrump and Musk are getting their butts royally spanked in the courtsFighting Words. What got me...

The UK economy contracted by 0.1% in January, weaker than forecast, due to a decline in the manufacturing sector.

The regime is facing challenges due to economic weakness and increasing costs for businesses. The economy's overall growth remains weak, with concerns about the impact of US tariffs and defense spending increases.

Significant cuts to the welfare budget in the upcoming Spring Statement are expected.

bbc.com/news/articles/cly3mdlk

A man in a dark blue quarter zip long sleeve top showing a woman in a light blue denim shirt something on a laptop screen in a workshop with machinery behind them
www.bbc.comUK economy shrank unexpectedly by 0.1% in JanuaryA slowdown in manufacturing was one of the main reasons for the dip, the Office for National Statistics says.