- Girl Economics
- Posts
- Sunday Special!
Sunday Special!
24th March 2024
Girl Economics Admin
March 24, 2024
In this edition…
Girl Economics now has a wonderful team of editors who will be introducing themselves over the coming week! Remember that if you’d like to contribute in any way then do fill out the form here and I will get back to you asap
The LinkedIn group (which you can find here) has been steadily growing and there are going to be some polls put out this evening so you guys can have some input as to how Girl Economics will continue to grow!
As ever, be sure to share this newsletter with all your friends whom you think will love the content 😃
Articles of the Day
Nike is losing out on market share as it fails to innovate and keep up with newer market entrants such as On and Hoka. Are we witnessing the downfall of a giant? TOPICS: competition, business | The latest spending bill has exposed some deep divides in policy between different factions of the Democrats and Republicans. TOPICS: US Government, fiscal policy |
In The News
The FTSE is soaring
The FTSE 100 index approached its all-time high as global stocks surged, marking their best week of the year so far. The rally was fueled by signals of impending interest rate cuts from major central banks. Bank of England Governor Andrew Bailey's remarks, in particular, bolstered expectations of multiple rate reductions this year and the FTSE 100 climbed after the BoE left rates unchanged yesterday. Wall Street's S&P 500 also advanced, aiming for its strongest week since December. Traders anticipate three quarter-point BoE rate cuts by the end of 2024, with June being a likely start.
Germany breaks up with Adidas
Nike will take over from Adidas as the sponsor of the German national football team, ending one of sports' longest-standing kit partnerships and dealing a huge blow to Adidas. The DFB German football association announced the switch, marking the first time since 1950 that German players won't sport Adidas' three-striped logo. While financial terms weren't disclosed, Nike's commitment ensures a stable future for the DFB. Adidas, facing its deepest financial crisis in decades, acknowledged the change but will continue supplying kits for Euro 2024 and the 2026 World Cup. The news caused Adidas shares to dip in Frankfurt trading.
What recession?
The Office for National Statistics reported that the quantity of goods bought in the UK didn't change between January and February, contrary to forecasts of a 0.3% drop. This unexpected resilience in retail sales suggests a potential rebound in the UK economy from last year's technical recession. Economists attribute the flatlining of retail sales to increased spending on clothing, although fuel and food sales declined. Analysts view this performance as a positive indicator for the economy's resilience, anticipating a rebound in retail activity and overall economic recovery. With inflation falling and real household incomes rising, consumer spending is expected to remain supported throughout 2024.
Term of the day: Laffer Curve
The Laffer Curve, named after economist Arthur Laffer, illustrates how tax revenues initially rise as tax rates increase from zero, but eventually start to decline once tax rates reach a certain point. This decline occurs because high taxes can discourage people from working and investing. While this concept is often referenced by conservative politicians in the US and UK, the exact point where tax rates lead to diminishing returns is uncertain. It's possible that this tipping point occurs at tax rates much higher than what is currently in place.
The Spotlight
 | Donna MilrodDonna Milrod is the Executive Vice President and Chief Product Officer at State Street (an investment management company). With over 25 years of experience in banking and financial services, she has held leadership positions at Deutsche Bank, including deputy CEO for their North America division, and was a senior advisor to both Broadridge and McKinsey & Company. Milrod holds a Bachelor of Arts from Smith College and an MBA from Columbia Business School. She has received various awards for her contributions to finance, including the American Banker Most Powerful Women in Finance Award. |
Internship Alert!
P.S it is for 2024 not 2021, I think RBC forgot to update their meta tags!
That’s all for today’s edition of Girl Economics. As ever, I would love for you to reach out and send me a message on LinkedIn!
See you at lunchtime tomorrow!
Reply