The economy of the EU is comparable to the US. The EU is also one of the largest trade partners in the world. The top trade partners of the EU are the US, UK and China. As expected, China is the largest import source for the EU while the US is the top destination for …
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Earlier this Houthi rebels in Yemen attacked ships on the Red Sea. This caused many shipping firms to re-re-route their ships around the Cape of Good Hope instead of via the Suez Canal. According to LSEG Shipping Research, the alternative route takes an extra up to two weeks and adds an additional fuel costs of …
The U.S. is one of the large crude oil producing countries in the world. According to the EIA, the top five countries in 2022 were the US, Saudi Arabia, Russia,Canada and Iraq. In the US, crude oil produced in 32 states and offshore. However just five states accounted for about 72% of the total production …
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Recessions are generally negative for equity returns. During recessions, economic contraction leads to lower production and consumption leading to hurt sales for companies. Currently the US economy is holding up but nobody knows if it will slip into a recession later this year or early next year. As a consumption-based economy, the US consumer hasn’t …
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