masterSergeant Russian President Vladimir Putin is scheduled to arrive in Beijing for a one-day visit on May 20, just days after the conclusion of President Xi Jinping’s landmark summit with U.S. President Donald Trump. Sources told the South China Morning Post the visit was part of Moscow’s routine dealings with Beijing, with little expectation that there would be an elaborate parade or welcome. ...
masterSergeant Russian President Vladimir Putin is scheduled to arrive in Beijing for a one-day visit on May 20, just days after the conclusion of President Xi Jinping’s landmark summit with U.S. President Donald Trump. Sources told the South China Morning Post the visit was part of Moscow’s routine dealings with Beijing, with little expectation that there would be an elaborate parade or welcome. It will be the first time that China has hosted the leaders of the two powers in the same month outside a multilateral setting, a reflection of Beijing’s efforts to manage ties with both and position itself as a pivotal power amid an increasingly fractured world order. After Putin’s visit, China will also be the first country to host all four leaders of the other permanent members of the UN Security Council within months of each other, the report said. France’s Emmanuel Macron visited Beijing in December, followed by British Prime Minister Keir Starmer in January. Sources suggest Putin’s reception will be scaled back compared to the Trump summit, citing the heavy workload Chinese officials faced during the U.S. presidential visit. Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on markets, etc. The Job Market Has Only Gotten Worse Since Trump's 'Liberation Day' AAII Sentiment Survey: Neutral Sentiment Drops Stock Markets Update: Dow Jones At 50,000 And S&P 500 Trades Above 7,500 - Intraday Levels Asian markets retreat after Xi warns Trump of potential U.S.-China 'clashes' SA analyst says AI stocks continue fueling Wall Street’s record advance
South and Southeast Asian nations may emerge as unexpected clean energy beneficiaries after the Green Party of England and Wales made record-breaking gains in recent UK local council elections, according to analysts. The Greens expanded their footprint in the May 7 council elections, capitalising on widespread voter disillusionment with Britain’s two major parties, Labour and Conservative. It was ...
South and Southeast Asian nations may emerge as unexpected clean energy beneficiaries after the Green Party of England and Wales made record-breaking gains in recent UK local council elections, according to analysts. The Greens expanded their footprint in the May 7 council elections, capitalising on widespread voter disillusionment with Britain’s two major parties, Labour and Conservative. It was the party’s best-ever performance in a local election. While Nigel Farage’s right-wing populist...
Getty Images When we look back. . . the nature of the forces currently in train will have presumably become clearer. We may conceivably conclude from that vantage point that. . . the American economy was experiencing a once-in-a-century acceleration of innovation, which propelled forward productivity, output, corporate profits, and stock prices at a pace not seen in generations, if ever. ¹ The Bro...
Getty Images When we look back. . . the nature of the forces currently in train will have presumably become clearer. We may conceivably conclude from that vantage point that. . . the American economy was experiencing a once-in-a-century acceleration of innovation, which propelled forward productivity, output, corporate profits, and stock prices at a pace not seen in generations, if ever. ¹ The Broyhill Equity Composite declined 6.0% in the first quarter, net of all fees and expenses, lagging global equity markets as the MSCI All Country World Index declined 3.1%. ² Individual performance may vary depending on individual account allocations, legacy positions, and capital flows. Detailed quarterly reports, including account and benchmark performance, portfolio holdings, and transaction history, have been posted to our investor portal. After a strong start to the year for the portfolio, global stocks fell sharply following the strikes on Iran. Despite our defensive positioning, with nearly half the portfolio invested in noncyclical sectors, our stocks did not provide the protection we expected or that we've historically provided. While we don't invest on a one-month horizon, nor do we place undue emphasis on short-term results, we do remain relentless in our work to protect your capital from significant market losses. So, I want to explain what drove the gap versus our expectations, because the context matters - and because we believe the setup from here is unusually compelling. Three structural portfolio tilts moved against us simultaneously. • We own no energy - the only sector with positive returns in March. • Nearly half the portfolio is invested in businesses outside the U. S. , and European markets declined sharply given their higher sensitivity to energy prices (while this is broadly true of continental Europe, our companies have minimal exposure to the Middle East or the rising price of oil). • Our large non-cyclical exposure - consumer staples and healthcare -...
How Global Economic Power Shifted In The Last 10 Years The global economic order has shifted dramatically over the last decade, with countries reshuffling positions amid inflation shocks, geopolitical tensions, pandemic disruptions, and the rapid rise of AI-driven industries. This graphic, via Visual Capitalist's Gabriel Cohen, compares the world’s 15 largest economies in 2016 and 2026 using IMF W...
How Global Economic Power Shifted In The Last 10 Years The global economic order has shifted dramatically over the last decade, with countries reshuffling positions amid inflation shocks, geopolitical tensions, pandemic disruptions, and the rapid rise of AI-driven industries. This graphic, via Visual Capitalist's Gabriel Cohen, compares the world’s 15 largest economies in 2016 and 2026 using IMF World Economic Outlook data, revealing which countries gained ground, which fell behind, and which surprised the most. The U.S. remains the world’s largest economy at $32.4 trillion in 2026 forecasts, while China crossed the $20 trillion mark. India posted one of the fastest growth rates among major economies, while Japan became the only G20 economy to shrink over the decade. The World’s Reordering of Major Economies The period from 2016 to 2026 saw major reordering among the world’s top economies, with Mexico overtaking Spain, India overtaking France, and Russia leapfrogging both Brazil and Canada. The table below lists the world’s 15 largest economies in both 2016 and 2026 based on their nominal GDP in billions of U.S. dollars. One of the biggest shifts in the rankings came from India, whose economy expanded by 83% between 2016 and 2026. By the end of the period, India’s GDP had nearly caught up with both Japan and Germany. Meanwhile, Germany overtook Japan to become the world’s third-largest economy, despite relatively modest growth compared to emerging markets. Germany’s growth was modest compared to emerging markets like China, India, and Mexico, and was tempered in part by the economic slowdown it faced throughout the post-COVID era. However, Germany still grew faster than other major European Union economies like France (46%) and Italy (45%), though not Spain (68%). The decade between 2016 and 2026 also saw the European Union lose its second-largest member economy, the United Kingdom, in 2020. The UK grew its GDP by 57% to reach $4.3 trillion by 2026. Another Lost Dec...