E-Payments Make Another Stride Forward for B2B Transactions

Another initiative to push e-payments in and paper checks out of the business-to-business (B2B) sphere emerged recently, this new method using libraries in a Business Payments Network (BPN). Visa and Billtrust announced an open buyer and supplier payments platform designed to digitize the payment chain between businesses. Most consumers have switch...
Continue reading
  200 Hits
  0 Comments
Tags:
200 Hits
0 Comments

Freight Shipments Fall in Q3, Spending Sees Increase

The effects of Hurricane Florence and tariffs on imported goods impacted 2018's Q3, seeing a 5.2% quarterly decline in freight shipments, according to the U.S. Bank Freight Payment Index. Year-over-year, freight shipments fell by 1.1%. Even with these drops, freight spend still increased by 13.5%, year-over-year. Constrained trucking capacity limit...
Continue reading
  177 Hits
  0 Comments
Tags:
177 Hits
0 Comments

Super Typhoon Yutu and Recovery Efforts in US Territories

One of the strongest storms to hit the U.S. since 1935 struck western U.S. territories Oct. 25, leaving more than 100 injured and one dead, according to KUAM News. Relief efforts continue, now with help from federal funds as a Major Disaster Declaration for Super Typhoon Yutu was confirmed Oct. 27. With such devastating damage, rebuilding efforts w...
Continue reading
  165 Hits
  0 Comments
Tags:
165 Hits
0 Comments

Large Firms in UK Still Pay Late Despite Legislation

The Federation of Small Businesses (FSB) in the U.K. announced this week that larger firms that do not pay their suppliers on time should be stripped of government contracts. Late payments have caused nearly 50,000 companies annually to shut down, according to The Guardian. The firms owe tens of billions of pounds, and the closures of these compani...
Continue reading
  197 Hits
  0 Comments
Tags:
197 Hits
0 Comments

Metals Market Reacts to Death of Saudi Journalist, China’s Economic Dip

The global equity market is reacting to geopolitical tensions as the price of copper fell amid the death of Saudi Arabian journalist Jamal Khashoggi and the slowing demand of copper in China, according to a recent article by Reuters . Benchmark copper fell a total of 0.7%, now costing a total of $6,196 per ton. Today, Turkey's president stated the ...
Continue reading
  333 Hits
  0 Comments
Tags:
333 Hits
0 Comments

Existing-Home Sales and Housing Starts Fall in September, Decreasing Consistently

Sales continue to fall for previously owned homes in the U.S., and September showed the sixth-straight monthly drop in sales, according to Bloomberg. Sales of these homes have fallen to the lowest level since 2015, and this consistent drop is the longest since 2014. Despite a lack of desire for purchasing older homes, U.S. housing starts also fell ...
Continue reading
  185 Hits
  0 Comments
Tags:
185 Hits
0 Comments

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...
Continue reading
  292 Hits
  0 Comments
Tags:
292 Hits
0 Comments

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...
Continue reading
  238 Hits
  0 Comments
Tags:
238 Hits
0 Comments

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, ...
Continue reading
  300 Hits
  0 Comments
Tags:
300 Hits
0 Comments

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...
Continue reading
  261 Hits
  0 Comments
Tags:
261 Hits
0 Comments

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...
Continue reading
  209 Hits
  0 Comments
Tags:
209 Hits
0 Comments

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...
Continue reading
  366 Hits
  0 Comments
Tags:
366 Hits
0 Comments

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 ...
Continue reading
  392 Hits
  0 Comments
Tags:
392 Hits
0 Comments

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 ...
Continue reading
  190 Hits
  0 Comments
Tags:
190 Hits
0 Comments

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...
Continue reading
  209 Hits
  0 Comments
Tags:
209 Hits
0 Comments