Despite Billions of Dollars in Debt, Toys 'R' Us Lenders Seek to Reboot the Brand

After filing for bankruptcy in June, Toys 'R' Us announced its doors may be reopening—still without promise to pay its former employees and the small promise of paying a mere 22 cents on the dollar it owed creditors after the company filed for bankruptcy. Lenders plan to sell the intellectual property of Toys 'R' Us instead of continuing with a ban...
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Job Growth Dwindles Across Businesses of All Sizes

No matter the size of the business, job growth spiraled in August across the U.S., where hiring plummeted by roughly 54,000 jobs compared to the prior month. According to a Sept. 10 report by payroll service provider ADP, only 163,000 jobs were added in August, falling well below the 206,000 monthly average and the 217,000 added in July. Despite de...
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China and US Enter Second Day of Trade Talks

China and the U.S. have entered the second day of trade talks with hopes to smooth over an uncertainty left behind the potential tariffs on imported goods. As of Aug. 23, both economies have proposed tariffs on imported goods worth about $16 billion. This will make the total value of Chinese goods affected by the Trump administration $100 billion, ...
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Strategic Global Intelligence Brief for August 23, 2018

Short Items of Interest—US Economy Near Universal Call for Higher Rates So much for the reaction to Trump's displeasure with the Federal Reserve. In the last few weeks he has become vocal about his opposition to the Fed's stated intent to hike rates. He would not be the first president to object to the Fed playing its traditional role of party poop...
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Small Business Optimism Reaches New High During July

Small businesses can breathe a sigh of relief moving forward as this past month saw a rise in expansion and higher nominal sales, according to the National Federation of Independent Business' (NFIB) July Small Business Optimism Index. The index reached a near-record high of 107.9, just one-tenth of a point shy of the highest record ever recorded, w...
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China Retaliates With US Tariffs

The trade and tariff wars continue between the U.S. and China, this time with China threatening new tariffs. China announced Aug. 3 it will impose a retaliatory tariff on $60 billion worth of U.S. goods, according to a recent Reuters article.  The tariffs will affect liquefied natural gas (LNG) and select aircraft, with China threatening to ad...
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July 2018’s CMI Forecasts Negative Outlooks in Long Term

The Credit Managers' Index (CMI) for July showcases an overall drop in both the service and manufacturing sectors, setting the CMI back to a point that has not been this low since January of this year. While the current economic environment has boasted a speedy quarterly growth of 4.1%, an unemployment rate between 3.8% and 4%, and an expansion of ...
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Santander Bank Eases Customers Into Digitized Banking and Loan Payments

Santander Bank announced July 18 it will begin using nCino technology to speed up business lending operations. This new integration will be available to customers as the year progresses, adding more features gradually; using nCino is estimated to cut loan-decision time by 40%. The operating system nCino uses clouds to create omnichannel access for ...
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US Import Prices Down, Not Sustainable for Future

The price of U.S. imports saw the largest drop in two years as of June—but this drop is not likely to last after tariffs on foreign goods are imposed. Import prices jumped by 0.9% in May, while June saw a sharp decrease of 0.4%, a dip that comes close only to the drop in February 2016, according to the Labor Department. Imported food saw a signific...
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