Weekly Wrap For The Week Ending June 10th, 2022

Weekly Wrap For The Week Ending June 10th, 2022

over 1 year ago1 min

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Key takeaways from this week:

  • The OECD and the World Bank both cut their global economic growth forecasts on the back of the war in Ukraine and China's Covid lockdowns which are pushing up prices and causing central banks around the world – the latest being the ECB – to increase interest rates
  • Like other retailers, Target has been a victim of its own success in navigating supply chain issues and is now left with a stockpile of unwanted inventory which it's now taking aggressive steps to reduce – and that's going to hit its profit
  • Apple announced plans to make a push into the buy-now-pay-later market, only adding to the headaches of fintech specialists like Affirm and Klarna

And if you're gonna read one insight this week, make it this one looking at signs US stocks could be set for a rebound.

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