In the political context, some Republican Party candidates raise the possibility of using military force in Mexico. On the other hand, there is the possibility that Hunter Biden’s trial will take place during his father’s presidential campaign.
In economics, there are changes in the outlook for interest rates in the United States.
Within the business environment, automobile sales are on the rise in the United States. Google is currently facing a lawsuit in which it argues that its presence in the market is due to the quality of its product. In addition, Netflix plans to implement an increase in rates for its service.
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Policy
- In the recent Republican Party debate and during their presidential campaign activities, most Republican candidates have been promoting different proposals with the objective of sending United States Special Operations troops to Mexican territory, with the aim of eliminating or capturing members of drug cartels and dismantle their laboratories and distribution centers.
- Hunter Biden is expected to plead not guilty to three firearms-related charges in federal court on Tuesday, after a plea deal Biden had tentatively reached with prosecutors fell apart over the summer. The investigation could result in his criminal trial coinciding with his father’s presidential campaign in 2024.
Economy
- The U.S. bond market is marking a moment: The era of low interest rates and inflation that began with the 2008 financial crisis has come to an end. While higher interest rates are good news for savers, businesses and consumers have become accustomed to paying nothing for money over the past 15 years. Adapting to an environment of sustained higher rates could prove difficult, manifesting in failed business models and unaffordable homes and cars.
Business
- Despite high interest rates and the continued strike by the United Automobile Workers (UAW), auto dealer sales have not been affected. It is estimated that Automakers sold approximately 3.9 million new cars and trucks in the third quarter, which represents an increase of approximately 17% compared to the same period last year. This year’s strong sales are driven in part by buyers who postponed their purchases during a period of vehicle shortages in previous years.
- In the monopoly lawsuit, Washington accuses Google of maintaining its dominance in Internet search by paying more than $10 billion a year to ensure it is the default search engine on mobile phones and computers. Therefore, the CEO of Microsoft, Satya Nadella, has described as false the idea that users have a choice when searching on the Internet. Microsoft appears in the trial as the most prominent technology group seeking to break Google’s dominance in the Internet search market through its Bing engine.
- Netflix intends to increase the cost of its service months after the current Hollywood actors’ strike ends, following a trend of recent price increases seen among major streaming platforms. Netflix, which distinguishes itself from its competitors by maintaining a profitable streaming business, has been the only industry leader to refrain from raising prices in the last year. Instead, their focus has been on increasing revenue by implementing measures to discourage password sharing.
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