The big banks' profits
Professor on bank profits: "It seems too easy"
The net interest income for the major banks is not increasing at the same rate as before the key interest rate began to be lowered. But Nordea, SEB, Handelsbanken and Swedbank earned just over 50 billion together during the second quarter, writes SVT.
Economics professor John Hassler says that indicates too little competition.
- It sticks in the eyes. Banking isn't very complicated, so it seems like it's a little too easy to make that much money.
He believes that a lack of competition may be due to bank customers finding it too complicated to negotiate and change banks.
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The ship attacks
Maersk: Domino effect from the Red Sea disrupts trade
The uncertain situation in the Red Sea affects ship traffic in other parts of the world. This is what the Danish transport giant Maersk writes in a market update.
The reason is, among other things, that the longer travel times around Africa create congestion in waterways and ports that are important for trade between East Asia, Central Asia and Europe, according to Maersk. In addition, ships have had to be diverted from elsewhere to be deployed on the alternative shipping route.
Traffic through the Suez Canal has fallen by two-thirds since Houthi rebels in Yemen began shelling ships in December.
According to Trading Economics' container freight index, costs have doubled since November.
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The USAFed election vs inflation
Trump warns Powell to cut interest rates: "They know"
Donald Trump does not want to see interest rate cuts before the November 5 election, but now admits that the central bank "maybe" will cut interest rates. This is what the presidential candidate says in an interview with Bloomberg Businessweek.
At the same time, he adds that it is "something you know you shouldn't do".
Unlike a statement to Fox News in February, Trump now says he plans to keep Jerome Powell on his full term as Fed chairman if he becomes president.
- Especially if I think he's doing the right things
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