The Key to U.S. GDP Growth is Women, Says S&P Global Economists
It's no secret that the financial industry used to be dominated by men, but there are a few women who are breaking the mold and rising through the ranks. Beth Ann Bovino, S&P Global's Chief Economist, was with us to explain how important women are to not only the workforce, but the economy.
Bovino shares the keys for women to overcome obstacles and climb the corporate ladder. One of the biggest burdens women face, she said, is that they don't pursue opportunities because they are held back by the responsibility of childcare. Bovino said companies have been taking steps in the right direction with benefits such as paying for maternity leave and family care. She does think an area of improvement would be "flex time."
In her recent report titled "The Keys to Unlocking U.S. GDP Growth? Women," Bovino highlights the positive impact of female participation in the labor force. If the U.S. had a similar female workforce to Norway, for example, its economy would be $1.6 trillion larger than it is today, according to S&P Global economists.
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Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
