September 4, 2024

Saudi Arabia’s Current Account Projected to Enter Deficit Amid Falling Oil Prices and Rising Imports: IMF

7 months ago

Key Points Saudi Arabia's current account balance is expected to turn negative, with a deficit of 0.1% of GDP in 2023 and 1.1% in 2025, averaging 2.9% from 2026-2029. The projected deficit is driven by declining oil prices and increased imports related to economic transformation projects. In 2022, Saudi Arabia had a significant current account surplus of nearly 14% of GDP due to high crude prices following geopolitical tensions. Despite the expected deficits, Saudi Arabia’s overall economic outlook remains strong,...

Latest September 4, 2024

Super Micro Computer Shares Drop After Barclays Downgrade

by EDITORIAL TEAM

7 months ago

Key Points Barclays analysts downgraded Super Micro Computer shares to equal weight and revised their price target to $438 due to declining margins and customer losses. SMCI’s gross margins fell to 11.3% in the June quarter, with AI and DLC server margins particularly weak. Delays in financial reporting and past regulatory issues have raised governance concerns. Barclays favors Flex as...

How to Conduct a Technology Needs Assessment for Your Company

by EDITORIAL TEAM

7 months ago

Technology plays a pivotal role in driving business success, and as your company grows, the need for effective and efficient technology solutions becomes more critical. A technology needs assessment helps you identify the gaps in your current systems, understand what your organization requires to operate optimally, and plan for future technology investments. This guide will walk you through the steps...

U.S. Consumer Product Safety Commission Urged to Investigate Shein and Temu Over Unsafe Products

by EDITORIAL TEAM

7 months ago

Key Points CPSC Commissioners Peter Feldman and Douglas Dziak are calling for an investigation into Shein and Temu over selling unsafe baby and toddler products. The focus is on how these platforms comply with U.S. safety standards, manage third-party sellers, and represent imported goods. Shein and Temu use the de minimis rule to ship low-cost goods directly to U.S. consumers...