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New York Knicks vs. Philadelphia 76ers Live Score and Stats - May 8, 2026 Gametracker CBS SportsNew York Knicks vs Philadelphia 76ers May 8, 2026 Box Scores NBAKnicks fans take over Philadelphia during statement Game 3 victory Yahoo SportsKnicks overpower 76ers again, move within game of sweep: Game 3 takeaways The New York TimesInstant observations: Sixers on the brink of elimination after offensive struggles in Game 3 vs. Knicks
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Peter Magyar sworn in as Hungary's PM, ending Orban's 16 years in power Al JazeeraHungary's new PM Magyar sworn in after landslide victory over Orbán BBCHungary enters post-Orbán era after new prime minister sworn in The HillPeter Magyar Takes Over as Hungary's Leader From Viktor Orban The New York Times
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Ryan Cohen tells us why he's serious about buying eBay — and what he thinks about his viral CNBC interview Business InsiderGameStop Offers to Buy eBay for $56 Billion WSJRyan Cohen's mysterious bank letter backing GameStop's eBay bid reveals a big issue with deal CNBCWith eBay Bid, GameStop C.E.O. Baffles His Fans and Wall Street The New York Times
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The economic banishment of all things Russian. Tariffs on Chinese imports. Pandemic-caused shortages of computer chips, bicycles, garage door parts and other imports. Brexit.
Just about everywhere you turn, you can see that the tectonic plates of the global economy have stopped converging and are starting to pull apart in ways that will determine new winners and losers, says Ethan Harris, head of global economics for Bank of America Securities. "Deglobalization is a gradual process, and in the long run, very important" to investors, he says, because it will have profound impacts on corporate profitability.
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Globalization refers to the increase of commerce across borders. U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. Strategists at BofA have estimated that over the past 20 years, globalization has contributed more than half of what has been a robust expansion in profit margins. Globalization has also helped to deliver low-cost goods to American consumers.
But now, says market strategist Ed Yardeni, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home. "Deglobalization was almost inevitable," Yardeni says. U.S. companies are starting to "reshore" production back to the U.S., "near-shore" it to neighbors such as Mexico, or "friend-shore" it to allies such as Vietnam.
Investment firm Piper Sandler counted more than 900 announcements of companies either building or expanding manufacturing facilities in the U.S. in the 12 months ending in May of 2022. In 2012, there were only about 100 such announcements. Over the long term, companies
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