From the United Kingdom to Minnesota, change is happening
Editor In Chief
The world is moving quite rapidly and so is our economy.
The first two months of the year have seen a vast growth in business activities, mostly due to policy changes and the market.
At the World Economic Forum in Davos, Switzerland, world leaders spoke on a variety of issues relating to globalization with Africa’s digital vision, the Venezuelan crisis and trade tensions coming to the forefront.
On the international front, we have the deadline closing in on the Brexit talks between the United Kingdom and the European Union. The prime minister of the U.K., Theresa May is still hopeful that a deal will be reached before the March 29 deadline, although European Council President Donald Tusk has expressed his interest in a delayed exit timeline.
This week, President of the United States Donald Trump is set to meet with high level negotiators in China to discuss trade as the 90-day truce comes to an end. Let’s note that a deal with China could smoothen the path to discussions with North Korea later this week.
But then, how do we as millennials know where to invest? You can take Warren Buffet’s advice as released in his 2019 shareholder letter, “…to buy ably-managed businesses, in whole or part, that possess favorable and durable economic characteristics.”
Listening to the Omaha Oracle speak on the state of businesses on Monday’s interview on CNBC Squawk Talk, “…you don’t buy into a business unless you can see value.”
At home in Minnesota, solar energy is still on the rise as the state’s Commerce Commissioner Steve Kelley highlights that its increase in solar energy production is mainly due to its policy and programs leading to growth in jobs and business opportunities.
Today, Federal Reserve Chairman Jerome Powell will be on Capitol Hill to testify on the state of the economy. Powell is set to present the semiannual monetary policy to the Senate Banking Committee.
Feature photo courtesy of Flickr.