Latest news with #economic
Bloomberg
a day ago
- Business
- Bloomberg
China's Record-Breaking Trade Hit First Big Speed Bump Since May
China's trade had its worst week in almost three months, a sign this year's record-breaking volumes may be starting to slow. Cargo throughput at the nation's ports was 6.2 million containers last week, according to data released Monday by the Ministry of Transport. That was the lowest since the second week in May and a drop of almost 7% from the previous week, according to the statement.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
WSJ Opinion: Inside Look at Russia-Ukraine War
From the award-winning opinion pages of The Wall Street Journal, the Journal Editorial Report sees columnists and members of the Journal Editorial Board debate the major economic, political and cultural issues of the day. From the policy debates to the political fights, each week get critical perspective and the analysis you need on developments from Washington.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
WSJ Opinion: Trump Continues to Pressure Powell
From the award-winning opinion pages of The Wall Street Journal, the Journal Editorial Report sees columnists and members of the Journal Editorial Board debate the major economic, political and cultural issues of the day. From the policy debates to the political fights, each week get critical perspective and the analysis you need on developments from Washington.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
WSJ Opinion: Texas Plans to Redraw Congressional Maps
From the award-winning opinion pages of The Wall Street Journal, the Journal Editorial Report sees columnists and members of the Journal Editorial Board debate the major economic, political and cultural issues of the day. From the policy debates to the political fights, each week get critical perspective and the analysis you need on developments from Washington.
Forbes
5 days ago
- Business
- Forbes
The CEO's Guide To What's Certain Through Uncertainty
PJ Bain is Chief Executive Officer at PrimeRevenue, a global leader in working capital financial technology solutions. Look, I'm going to level with you here. When I zoom out and do my best to assess the current economic, geopolitical and technological landscape, I don't know what's in store for these months and years ahead. I have my concerns, hopes and preferences, as well as my own predictions, some of which I hold with higher conviction than others. But at the end of the day (or quarter), it's a fool's errand to pretend that you know what's coming next. Anyone who claims to know what the future holds, especially after the unpredictability of the past five years, is either lying to their stakeholders or lying to themselves. And the future isn't getting any clearer, at least in the short term. On July 4, the President signed the One Big Beautiful Bill Act, a budget reconciliation bill, and as of this writing, the heated debate surrounding it provides certainty that no one understands the future implications of this complex legislation. This is in addition to lingering questions surrounding the future of tariffs. Will trading partners reciprocate our tariffs? And what will be the ultimate impact on global imports? Not even Zoltar knows—we will just have to wait and see. But this uncertainty does not excuse us from continuing to operate our businesses. Leaders lead, and we need a plan, regardless of the macro conditions. We don't get a pass on performance because the future is unclear. That's all true, indisputably. And you know what's also true? Plans are worthless, but planning is everything. I wish I could say I came up with that, but it's an idea that can be attributed to President Dwight D. Eisenhower. I take it to mean that while you can't depend on any particular outcome, you can absolutely do your best to prepare for a variety of outcomes, likelihoods and contingencies. If you're a business leader, and your goal is to successfully navigate these months and years ahead, then you must do an honest assessment of what's true, what's not true, what you have control over and what you don't. The future may be uncertain, but what is certain is that making those sorts of determinations will serve you well in the face of unpredictability. Furthering this point, the following questions are what I would urge any executive team to pointedly ask themselves as they prepare for the headwinds: • What are the most likely and least likely scenarios? • In each scenario, what parts of the business are most and least at risk? • What are the best- and worst-possible outcomes? • What individuals, organizations and institutions can we trust? • Who should we distrust? • How can we mitigate the variety of risks we face—and at what cost? • What difficult or uncomfortable truths are we not accounting for? • If we were to account for those truths, how would that change our answers to the rest of the questions? Those last two questions may be the most challenging, but they're also the most important—and the most likely to guide you toward building resilience and setting your company apart from the competition. At the core of this mindset and approach is Stoic philosophy, which centers on the radical acceptance of uncomfortable truths and the discernment between what you can and cannot control. After all, found in uncomfortable truths—and in your willingness to confront them head-on—is the doorway to self-awareness, wisdom and growth. In the words of Joseph Campbell, "The cave you fear to enter holds the treasure you seek." This is a timeless principle that applies in both life and business. From organization to organization, the decisions and actions that emerge from this reflective process will vary widely. From machine learning and blockchain to revenue diversification, working capital optimization and beyond, there are many types of initiatives that companies can invest in to help build their resilience through uncertainty. But, for any individual or any company, what is the most profound and powerful investment of all? The pursuit of truth. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
