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18:08
US company Mattel announces that its President and Chief Commercial Officer Steve Totzke will soon step down
At the same time, the company has decided to promote Sanjay Luthra, who will assume leadership responsibilities for the Global Business Organization.
17:56
Fed's Goolsbee: Stagflation shock from Iran conflict puts the Fed in a tough position
Golden Ten Data reported on April 8 that Federal Reserve's Goolsbee expressed concern that the war involving Iran will not only slow down economic growth but also push up the inflation rate. This puts the Federal Reserve in a tricky position, as there is no clear "operating manual" to guide how it should respond. Goolsbee stated: "What worries me most right now is that we must deal with the impending oil crisis, which will cause prices to rise in the form of stagflation. Tariffs previously caused prices to soar, but those prices should have gradually come down. However, now impacts are hitting before the previous effects have even subsided."
17:54
Regarding reserve supplies, the JBS CEO foresees an increase in meat demand in the Middle East.
The increase in costs for shipping goods to the region has been "completely offset" by higher product prices, and supplies to the region are currently proceeding without interruption. Tomazoni participated in the panel discussion together with exchange CEO Miguel Gularte and Minerva CEO Fernando Queiroz. The latter two executives also pointed out that, despite rising costs, shipments to the region are currently proceeding as normal.
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