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Trump plans to close Kennedy Center for about two years, starting in July The Washington PostTrump says "broken" Kennedy Center will shut for 2-year renovations AxiosTrump says Kennedy Center will close in July for two-year renovation CNNKennedy Center to close for two years for renovations, Trump says BBCTrump plans to close Kennedy Center for two years for reconstruction work Reuters
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Orioles Acquire Bryan Ramos, Designate Weston Wilson MLB Trade RumorsOrioles trade for 23-year old third baseman from AL foe sportingnews.comWhite Sox trade third baseman Bryan Ramos to Orioles Sox On 35th
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The Walt Disney Co. could name a new CEO in the coming days, after reports that Bob Iger will step down before his contract is up at the end of the year.
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Kendrick Lamar Makes Grammys History as Most-Awarded Rapper, Breaking Jay-Z's Record VarietyGrammys 2026 Live Updates: Kendrick Lamar, Billie Eilish and Olivia Dean Win Top Awards The New York TimesKendrick Lamar overtakes Jay-Z as most-awarded rapper in Grammys history Los Angeles TimesCher Causes Confusion at Grammys by Announcing ‘Luther Vandross' as Winner of Kendrick Lamar and SZA's Record of the Year VarietyKendrick Lamar: rap's poet laureate
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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.
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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
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