#economic-trends

#economic-trends

Mitchells & Butlers reported a significant boost in customer numbers, attributing part of its strong performance to recent sunny weather, with sales exceeding industry forecasts.

The generational transfer of nearly $124 trillion in assets over 25 years will profoundly impact families, advisers, businesses, and every segment of the financial industry.

Gas prices in Florida have shown a volatile pattern, with price fluctuations occurring for nearly a year. After a recent drop, prices are back up sharply, indicating continued instability.

For the third year running, Singapore ranked as the world's most expensive city for high-net-worth individuals, according to the latest Global Wealth and Lifestyle Report from Julius Baer Group.

Florida's unemployment rate remained at 3.7% in June, with private-sector jobs down 21,000 from May, indicating a shrinking workforce of 11.193 million.

The fall in June should be welcomed, but it doesn't paint a full picture. The UK economy remains under significant pressure.

The average price of a pound of ground beef rose to $6.12 in June, up nearly 12% from a year ago. The average price of all uncooked beef steaks rose to $11.49 per pound, an 8% increase.

Chinese buyers accounted for $13.7 billion in US residential real estate purchases from April 2024 to March, marking an 83% increase from the previous year.

The number of business insolvencies filed in Germany increased by 2.4 percent in June compared to the previous year, according to data released by Germany's statistical office (Destatis).

According to a recent assessment, tipping in U.S. restaurants remains steady at an average of 18.8%, with full-service establishments averaging 19.3% and fast-casual spots around 15.9-16%.

Amazon Prime Day presents significant discounts, with deals reaching as high as 60% off, making it the best time to purchase items on wishlists before prices rise.

The lender's robust performance is particularly notable given the turbulent backdrop of rising business taxes, persistent global tariffs, and slower-than-expected base rate cuts.

The anticipated 'Trump bump' has ultimately given way to a 'Trump slump',” says Christine Bourron, the chief executive of Pi-eX. “Trump's 'Liberation Day' announcement introduced significant geopolitical uncertainty, casting a shadow over the global economy and unsettling buyer confidence in the art market.

"This reversal has been so fast and so dramatic that even many of the youngest mission-driven companies now look like relics of a bygone era, while the environment that spawned them feels like little more than a dream."

Google stands out as the most popular destination for academics transitioning to the private sector, with nearly 2,500 moves from academia between 2020 and 2024.

All time highs are exciting, but expected in a growing stock market. It's like saying once per summer that my tree hit a new all-time high.

In 2024, the median base salary increase for CFOs was 4%, while CEOs saw no change—mirroring 2023. In 2022, median salary increases were 3.8% for CFOs and 2.9% for CEOs.

The steep decline in manufacturing output reflects the challenges faced by the sector, including high energy costs and rising labour costs, with expectations of slowing decline ahead.

In 2023, Americans spent an average of $1,842 per capita on transportation services, reflecting a significant 35.2% increase from 2018.

The UK tourism sector is currently facing a challenge not of over-tourism but of slower growth, despite a projected surge in visitor numbers this year.

The recent rise in unemployment among college graduates, reaching 6.1% for bachelor’s degree holders, underscores the need to prioritize job-ready skills over traditional education.