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☆ Germany still lacks a 'good plan' to fix its structural issues, economist says
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGermany still lacks a 'good plan' to fix its structural issues, economist saysSalomon Fiedler, economist at Berenberg, discusses the challenges facing the German economy.

Persons: Salomon Fiedler

Last year, that amounted to $75 million of $88.5 million in candy corn sales, according to the consumer research firm Circana. Political Cartoons View All 1215 ImagesWhen compared to top chocolate sellers and other popular confections, candy corn is niche. Several years later, the Goelitz Confectionery Co., now Jelly Belly, began to produce candy corn, calling it Chicken Feed. Candy corn is basically sugar, corn syrup, confectioner’s glaze, salt, gelatin, honey and dyes, among some other things. She equates candy corn with childhood memories of having to visit her pediatrician, who kept a bowl on hand.

Persons: Shannon Fiedler gushed, Paul Zarcone, Brach's churns, ombre, Rice Krispie, Kellogg's, Michelle Williams, Brach's, “, ”, Katie Duffy, Ferrara Candy, George Renninger, “ Brach's, “ It's, I've, Richard Hartel, Hartel's, it’s, Candy, Margie Sung, She's, Duffy, Don't, Sung, ” Aaron Sadler, doesn't, can’t, Sadler, ” Sadler chuckled ., he'll, Sandler, Lisa Marsh, Diana Peacock, Jennifer Walker, Walker, Marie, Abby Obenchain, Obenchain Organizations: Vans, Nike, Ferrara, Ferrara Candy Co, University of Wisconsin -, Ontario, Washington , D.C Locations: Huntington , New York, Ferrara, Philadelphia, University of Wisconsin - Madison, New York, Little Rock , Arkansas, Junction , Colorado, Ontario, Canada, Sault Ste, Savannah Woolston, Washington ,

☆ Economist discusses Rhine water level forecasts
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomist discusses Rhine water level forecastsSalomon Fiedler, economist at Berenberg, says 2023 is shaping up not to be "that bad" a year for the Rhine.

Persons: Salomon Fiedler Organizations: Economist

☆ Germany risks falling back into recession as car industry sputters
▼ + stars: | 2023-08-07 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London CNN —Industrial production in Europe’s biggest economy fell 1.5% in June compared with May, driven by a 3.5% drop in Germany’s vast automotive sector. The decline in German industrial output, much steeper than forecast by economists, raises the risk that the manufacturing heavyweight will contract again later this year, potentially falling back into recession. The construction sector, where output shrank by 2.8%, also had a negative impact on overall industrial production, the country’s statistics office said Monday. “German industry remains in rough waters,” Salomon Fiedler, economist at Berenberg, said in a note Monday, noting last year’s energy price shock and weakness in US and Chinese demand, among other factors. Berenberg expects Germany to fall back into “a mild recession” in the second half of this year, Fiedler added.

Persons: “, ” Franziska Palmas, Jörg Krämer, Hildegard Müller, ” Salomon Fiedler, Fiedler, — Mark Thompson, Anna Cooban Organizations: London CNN —, Capital Economics, Auto, German Automotive Industry Association, Volkswagen Locations: Germany, Europe, China, Russia, Ukraine, “

That will leave investors guessing whether another rate hike is coming in September or if July marks the end of the ECB's fastest-ever tightening spree. While markets had fully priced in another rate hike just a few weeks ago, investors are now split, with many expecting July's move to be the last. "We see a 60% probability that the ECB will hike again by a final 25bp on 14 September," Berenberg's Salomon Fiedler said. "Softer data such as the drop in the Eurozone composite PMI indicate a rising chance that the central bank will stay put in September already." This is a key reason why the balance of expectations has started to shift away from another rate hike, with economists increasingly focusing on how long rates will stay high.

Persons: July's, Berenberg's Salomon Fiedler, Isabel Schnabel, Jerome Powell, Anatoli Annenkov, Christine Lagarde, Commerzbank's Marco Wagner, Catherine Evans Organizations: European Central Bank, ECB, PMI, U.S . Federal Reserve, Thomson Locations: FRANKFURT

☆ Gordon Lightfoot, Canadian Folk Singer-Songwriter, Dies at 84
▼ + stars: | 2023-05-01 | by ( William Grimes | ) www.nytimes.com time to read: +1 min

Gordon Lightfoot, the Canadian folk singer whose rich, plaintive baritone and gift for melodic songwriting made him one of the most popular recording artists of the 1970s, died on Monday night in Toronto. His death, at Sunnybrook Hospital, was announced on his official Facebook page and website and confirmed by his publicist, Victoria Lord, and B.C. Fiedler, his longtime Canadian concert promoter. Overnight, he joined the ranks of songwriters like Bob Dylan, Phil Ochs and Tom Paxton, all of whom influenced his style. When folk music ebbed in popularity, overwhelmed by the British invasion, Mr. Lightfoot began writing ballads aimed at a broader audience.

☆ Some schools are switching to the 4-day workweek to bring in and keep teachers, but education officials say it's not a 'magic pill' to fix the educator shortage
▼ + stars: | 2023-02-28 | by ( Korie Wilkins | ) www.businessinsider.com time to read: +8 min

"Right now, the climate across the country with educators is that they are exhausted and they are tired," Gabe Dannenbring, a middle-school-science teacher and popular TikToker, told Insider. His studies include deep dives on how the four-day schedule impacts student success, and he is considering future studies on how this schedule change can help curb educator burnout. As of 2020, about 550 districts nationwide have adopted a four-day schedule, according to the National Conference of State Legislature. Heather Luke Drozlek teaches in a small private school in Indiana, which is on a four-day school week. "I can see the benefits, but I can also see that it could cause systemic issues," Tell Williams, a preschool teacher and social-media influencer, told Insider.

☆ Europe's natural gas prices fall below €50
▼ + stars: | 2023-02-17 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Europe’s natural gas prices have tumbled to their lowest level in nearly 18 months in the latest sign the region has avoided a much-feared energy crisis. Benchmark wholesale gas prices fell almost 5% Friday to hit €49 ($52) per megawatt hour, their lowest level since September 2021 and a fraction of the all-time high of €320 hit in August last year, according to data from Independent Commodity Intelligence Service. The plunge in prices will further reduce the risk of a recession in Europe. Gas stores across the European Union were 65% full on Thursday, according to Gas Infrastructure Europe, an industry body. The bloc has also boosted imports of pipeline natural gas from Norway, and of liquefied natural gas (LNG) — a chilled, liquid form of gas that can be transported via sea tankers — mostly from the United States and Qatar.

☆ Europe grew faster than the US last year. Its markets are outperforming too
▼ + stars: | 2023-02-01 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

The overall rise is a reversal of a 15-year trend that has seen US stock indices, flush with fast-growing tech companies, consistently beat those across the Atlantic. Over the past decade, investors poured money into fast-growing tech stocks, aided by ultra-low interest rates. (SXXL)But tech companies have taken a beating recently. Tech companies, including Microsoft and Alphabet, announced thousands of layoffs last month. High interest rates make it more expensive for companies to borrow to expand their business, raising doubts about their future earnings.

☆ Volkswagen expects difficult 2023 for financial services unit
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

Dec 8 (Reuters) - Volkswagen (VOWG_p.DE) expects a difficult 2023 for its financial services unit on the back of economic downturn, higher energy prices and rising interest rates. "We see that people are more cautious due to recession expectations, and we are not selling so many cars," said Frank Fiedler, chief financial officer of Volkswagen Financial Services, in Braunschweig on Wednesday evening. The financial unit is still benefiting from high prices for used cars and lower costs for credit and residual value risks in the current year. Operating profit should be in a range of between 5 billion and 5.5 billion euros, Fiedler said. That compares with a previous forecast of about 5 billion euros, and operating profit of 5.7 billion euros in 2021.

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