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You are here: Home / 2019 / January / Archives for 23rd

Archives for January 23, 2019

Foxconn Cuts 50,000 Jobs as iPhone Pain Continues

January 23, 2019 by Ted Leave a Comment

Hon Hai Precision Industry Co., the Apple, Inc. primary supplier better know as Foxconn, has cut more than 50,000 jobs as the pain from the dramatic drop in iPhone sales is taking its toll on the company. Not only that, but the company has fallen short of hiring goals to which it previously committed to the State of Wisconsin – losing major tax credits for this year.

Worse yet, the outlook for the near future, doesn’t look to improve any time soon.

See more on Foxconn’s trouble…

[Read more…] about Foxconn Cuts 50,000 Jobs as iPhone Pain Continues

Filed Under: Financial, Manufacturers, News, People Tagged With: Apple, employment, Foxconn, Hon Hai Precision Industry Co., iPhone, Terry Gou

James Loudspeaker is Jammin’

January 23, 2019 by Ted Leave a Comment

James Loudspeaker came out with multiple announcements this week that give a strong indication that the company is growing. Not only has the manufacturer of high-quality residential and commercial architectural and landscape products added a new President, but also a new Director of Marketing and even announced a new headquarters and production facility in Nevada.

See more on James Loudspeaker growth in this announcement…

[Read more…] about James Loudspeaker is Jammin’

Filed Under: Management, Manufacturers, News

Latest Data Increases Concerns of Economic Downturn

January 23, 2019 by Ted Leave a Comment

Photo of 'For Sale' sign

New data from multiple sources are increasing economists concerns of an economic downturn within the next two years – perhaps even later this year. The latest readings on consumer confidence/sentiment and existing home sales show sharp downturns, sparking new debates on the real health of the economy.

See more on what data is rattling economist’s…

[Read more…] about Latest Data Increases Concerns of Economic Downturn

Filed Under: Economic Trends, News, Research, Statistics, Survey Tagged With: consumer confidence, Consumer Confidence Index, consumer sentiment, existing-home sales, recession, University of Michigan

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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