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Hopefully by the time Q1 earnings begin in April, your memories of sub-zero temps will be long gone. Not so for c-suites. That's because weather repeatedly pops up as one of two unwanted guests for earnings season. The other? Currency market woes. The ICE Dollar Index jumped 4.4% last year, the most since 2015. And for multinationals that sell products overseas, that dollar strength (paired with the ongoing trade war) presents a major challenge, reports Bloomberg. Quantifying that challenge? Every 7% to 8% change in the dollar results in a 1% move in the opposite direction for U.S. corporate profits, per Credit Suisse. Who's worried? Already, IBM took a lar…
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The automaker has reversed its decision to build its X-Trail SUV at a plant in northern England and instead will produce it in Japan (the model's global hub). British Prime Minister Theresa May must be kicking herself for not insisting on "no take backs" language in the contract. So what's the reasoning? Seems like an entrée of consolidating production with a side of Brexit concerns. "While we have taken this decision for business reasons, the continued uncertainty around the UK's future relationship with the EU is not helping companies like ours to plan for the future," said Nissan's Europe chairman. Why this is extra painful: Nissan said it would make the…
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Virginia Governor Ralph Northam Holds News Conference Governor Ralph Northam (D-VA) said he will not resign from office. On Friday, a photograph from Mr. Northam’s medical school yearbook page surfaced, showing a man wearing blackface next to another person in a KKK robe. Governor Northam asserted he’s not in the photo.
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Boeing and Airbus have both recently achieved first flights for new airliners. These flights are key landmarks on the way to certification, and demonstrate to customers that the programs are on track. Now the aircraft will face months of flight testing as they prepare to enter airliner service.
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