|
US strikes Iranian oil tankers while awaiting Tehran response on peace plan politico.euLive Updates: U.S. awaits Iran's response on peace deal as month-long ceasefire holds CBS NewsU.S. awaits Tehran's response to proposal to end Iran war Honolulu Star-AdvertiserIran ceasefire appears to hold and Bahrain detains dozens over suspected Revolutionary Guard links AP News
|
|
New York Knicks vs. Philadelphia 76ers Live Score and Stats - May 8, 2026 Gametracker CBS SportsNew York Knicks vs Philadelphia 76ers May 8, 2026 Box Scores NBAKnicks fans take over Philadelphia during statement Game 3 victory Yahoo SportsKnicks overpower 76ers again, move within game of sweep: Game 3 takeaways The New York TimesInstant observations: Sixers on the brink of elimination after offensive struggles in Game 3 vs. Knicks
|
|
Knicks overpower 76ers again, move within game of sweep: Game 3 takeaways The New York TimesNew York Knicks vs Philadelphia 76ers May 8, 2026 Box Scores NBA‘Very disappointed' — Postgame Live reacts to Sixers falling to Knicks in Game 3 Yahoo SportsKnicks lean on defense late to take 3-0 series lead vs. 76ers ESPN
|
|
The economic banishment of all things Russian. Tariffs on Chinese imports. Pandemic-caused shortages of computer chips, bicycles, garage door parts and other imports. Brexit.
Just about everywhere you turn, you can see that the tectonic plates of the global economy have stopped converging and are starting to pull apart in ways that will determine new winners and losers, says Ethan Harris, head of global economics for Bank of America Securities. "Deglobalization is a gradual process, and in the long run, very important" to investors, he says, because it will have profound impacts on corporate profitability.
SEE MORE 16 Dividend Kings for Decades of Dividend Growth
Globalization refers to the increase of commerce across borders. U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. Strategists at BofA have estimated that over the past 20 years, globalization has contributed more than half of what has been a robust expansion in profit margins. Globalization has also helped to deliver low-cost goods to American consumers.
But now, says market strategist Ed Yardeni, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home. "Deglobalization was almost inevitable," Yardeni says. U.S. companies are starting to "reshore" production back to the U.S., "near-shore" it to neighbors such as Mexico, or "friend-shore" it to allies such as Vietnam.
Investment firm Piper Sandler counted more than 900 announcements of companies either building or expanding manufacturing facilities in the U.S. in the 12 months ending in May of 2022. In 2012, there were only about 100 such announcements. Over the long term, companies
|
|
