Rebecca Elliott of The Wall Street Journal tells her readers that Tesla delivered about 1.81 million vehicles worldwide in 2023, hitting its full-year target, but its growth rate slowed slightly. She writes: Chinese automaker BYD for the first time topped Tesla as the world’s largest seller of electric vehicles on a quarterly basis, a sign of China’s emerging strength in the global market for battery-powered cars. BYD reported selling more than 526,000 fully electric vehicles in the fourth quarter of 2023, compared with Tesla’s sales of nearly 485,000 for the same period. Tesla … [Read more...]
Archives for January 2024
The Quest to Lead in Manufacturing Again
David Harrison of The Wall Street Journal is reporting that government incentives are driving factory construction as rates and inventories are weighing on sales and employment. He writes: U.S. manufacturing is entering a golden age, with government subsidies sparking a boom in factory construction. Yet the industry is also mired in the longest slump in more than two decades. Activity has weakened for 13 straight months, the longest stretch since 2002, according to surveys of purchasing managers by the Institute for Supply Management. Behind that split-screen image: U.S. manufacturing … [Read more...]
Your Survival Guy’s Money for 2024 and Beyond
When it comes to money, my money, Your Survival Guy’s habit is to focus first and foremost on the return of assets and then, and only then, look at the return on them. No one I know likes losing money. And if you don’t have money to compound—in other words, you lost money—the magic of compounding can’t do its work. I’ve been compounding money for most of my life, starting young with a paper route and scooping ice cream. Both taught me to appreciate a dollar earned and to be careful with my savings. Using the rule of 72, I want you to divide it by your rate of return and see more or less how … [Read more...]
2024 Job Market Forecast
Jeffrey Sparshott and Gabriel T. Rubin of The Wall Street Journal are reporting that forecasters expect unemployment to edge higher and hiring to slow in 2024. They write: Employers slowed hiring and handed out smaller raises in recent months, signs of fading momentum in the job market that have some forecasters expecting unemployment to rise in 2024. And that might be OK. The key for American workers and Federal Reserve policymakers is to have the labor market cool without collapsing. That would support household incomes while helping inflation drift lower, putting the economy on a glide … [Read more...]
2024 Supply Chain Hang Over
Paul Berger of The Wall Street Journal is reporting that companies looking to establish resilience in the wake of the Covid-19 pandemic are already putting rebuilt sourcing and logistics strategies to work thanks to geopolitical tensions and disruptions. He writes: Companies that assembled new supply chain strategies in the wake of the Covid-19 pandemic are having to put those plans into practice far faster than they may have thought possible. Global supply chains are entering 2024 roiled by disruptions at two of the world’s crucial trade corridors—the Panama Canal and the Suez Canal—even … [Read more...]
Happy New Year!
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