The week of April 26 saw significant deposits into money market funds around the world 2023

In the week leading up to April 26, investors placed their cash in the relative safety of global money market funds out of concern for a halt in global economic activity, with the recent decline in quarterly earnings of U.S. companies fueling pessimism. Investors purchased a net $42.68 billion worth of money market funds during … Read more

General Mills Recalls Four Gold Medal All-Purpose Flour Varieties March 27 and 28. 2023

MINNEAPOLIS–(BUSINESS WIRE)–General Mills has announced a voluntary recall of two-, five-, and ten-pound packages of its Gold Medal Unbleached and Bleached All-Purpose Flour with “best if used by” dates of March 27, 2024, and March 28, 2024. The five-pound bag product is being recalled due to the potential presence of Salmonella Infantis, which was discovered … Read more

Digital Sovereignty in Cloud Migration 2023

Continuing with current cloud adoption plans is a hazardous strategy because managing and securing sensitive data is becoming increasingly difficult. In light of escalating sovereignty concerns, businesses cannot afford to maintain the status quo. According to a VMware-sponsored IDC InfoBrief, approximately 90% of organizations in Europe and 88% in the Middle East, Turkey, and Africa … Read more

Hot Products Help Labor-Intensive Chinese Exporters 2023

Despite the generally dismal export climate, a large number of Chinese exporters reliant on labor-intensive processes have expanded swiftly in recent years. Ma Yao, the director of a Jiangsu province-based trading firm that exports shoes and boots, stated, “The first quarter was significantly better than the same period last year, and our conservative estimate is … Read more

Why the US debt limit “x-date”? 2023

The Treasury Department used “extraordinary measures” to avoid skipping bill payments when the U.S. government reached its $31.381 trillion borrowing limit in January. The “x-date”—the date when such measures would be exhausted and the government may default if the borrowing ceiling is not lifted—began speculation. If the IRS gets enough in April from tax filers, … Read more