Israeli-Founded Companies in Massachusetts Brought $9.3 Billion to the State

According to a new report that was released on June 8 by the New England-Israel Business Council, Israeli-founded companies based in Massachusetts brought $9.3 billion to the state in 2015, continuing to outpace the Massachusetts economy in overall revenue and job growth. The report found that when factoring in the impact of spending on goods and services, such as office space, marketing, and other business needs, the figure almost doubled to $18.1 billion. Approximately 200 companies employ almost Read more [...]

EUR/USD Euro Steady After Huge Gains on Friday

EUR/USD is subdued on Monday, following very sharp gains in the Friday session. The pair is trading at 1.1357. On the release front, it’s a quiet start to the week. German Factory Services declined 2.0%, well below expectations. Eurozone Retail PMI improved to 50.6 points, and Eurozone Sentix Investor Confidence jumped to 9.9 points, well above the forecast. In the US, there are no major releases on the schedule. Fed chair Janet Yellen will address a conference in Philadelphia. The currency markets Read more [...]

An All-Around Bad Jobs Report For May

  In what may be an indication that the weakness we saw in April was not an anomaly, the Jobs Report in May shows the employment market falling off a cliff, raising questions of just how strong the economy actually is: The unemployment rate declined by 0.3 percentage point to 4.7 percent in May, and nonfarm payroll employment changed little (+38,000), the U.S. Bureau of Labor Statistics reported today. Employment increased in health care. Mining continued to lose jobs, and employment in information Read more [...]

One of Seattles secrets to economic success? Global trade

Seattle is a city on the rise—and not just on a national level. Home to a budding startup scene as well as several Fortune 500 companies (think Amazon, Starbucks and Microsoft), Seattle’s economic growth has been accelerated in recent years by a concerted effort to expand its global footprint. As a result, the Jet City or Emerald City, as its commonly known, is now the fourth largest export market in the U.S., according to the International Trade Administration (ITA), a promotional trade arm Read more [...]

Flat Interim Sales and Profits at Danish Crown

Danish Crown posted a net profit of DKr 819 million (€110 million) for the first six months of the 2015/16 financial year, down slightly from the DKr852 million achieved in the corresponding period of the previous year. The Danish meat group’s revenue at DKr29.42 billion was also relatively static against DKr29.23 billion in the first half of 2014/15. Based at Randers in Denmark, Danish Crown has activities and sales in more than 130 countries. Jais Valeur, new President and CEO of Danish is Read more [...]

Dominic Volini Joins EO Chicago

Co-CEO of Wolf Point Advisors joins the Chicago chapter of the Entrepreneur’s Organization Dominic Volini, Co-CEO of Wolf Point Advisors, was recently accepted as a new member in the elite Chicago chapter of the Entrepreneur’s Organization. Referred to by Crain’s Chicago Business as one of the most exclusive business groups in the area, EO Chicago comprises entrepreneurs from Chicago’s most influential organizations. As Wolf Point Advisors is poised for historic growth, the affiliation with Read more [...]

Chinese capital may be less sophisticated than it seems

From left: John Liang, Beth Fisher, Kai-yan Lee and Wendy Cai-Lee The Chinese investors buying up swaths of U.S. real estate may not always know what they’re doing, according to some real estate experts. “I’ve been surprised by the lack of sophistication of some Chinese institutional investors,” John Liang, Xinyuan Real Estate’s managing director of U.S. operations, said Monday during a panel on Chinese real estate investment at the Asia Society. Some are even missing the “basic finance Read more [...]