There’s a trick for governments trying to manage their economy. Once in a while – maybe every 30 or 40 years – the rules of the economic game change. What used to be the right thing to do becomes wrong, and now the right thing is something we’ve long believed was not the way to go. Trouble is, the game […]
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The eurozone is at risk of a “tsunami” of bankruptcies as Covid life-support schemes for businesses are wound up, regulators have warned. A report by the EU’s key risk watchdog, which is chaired by European Central Bank president Christine Lagarde, said that companies may struggle to stay solvent the longer they relied on emergency financial support. A report by the […]
Read moreBiden’s tax hikes show he doesn’t care about strengthening US economy: Rep. Pfluger Rep. August Pfluger, R-Texas, weighs in on the border crisis and tax hikes under the Biden administration. WASHINGTON – The U.S. trade deficit in goods jumped to a record high in March, suggesting trade was a drag on economic growth in the first quarter, but that was […]
Read moreThe popularity of pizzas and burgers in the pandemic has caused a surge in cheese trading. Now investors are keen to get a slice of US ‘grilling season’ Last modified on Wed 28 Apr 2021 12.51 EDT Name: Cheese futures.Age: Minus several months. Longer in many cases. We’re talking futures contracts here. Appearance: I suspect you know what cheese looks […]
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More On: jpmorgan chase New federal regulations could spur cryptocurrency crash Super League backer JPMorgan admits it ‘misjudged’ reaction from fans JPMorgan reportedly hiring more junior bankers to battle burnout JPMorgan CEO Jamie Dimon predicts post-COVID economic boom If you’re struggling to find work because you’re an ex-con, try hitting up Jamie Dimon. The hard-charging chief executive of JPMorgan Chase […]
Read moreStarbucks Corp. (SBUX), the world’s largest specialty coffee retailer, Tuesday said its second-quarter profit surged from a year ago, driven largely by increase in same-store sales. Earnings for the quarter trumped Wall Street estimates, but revenues fell short of expectations. Moving ahead, the company lifted its full year 2021 outlook. Seattle, Washington-based Starbucks reported second-quarter profit of $659.4 million or […]
Read moreMarket will see ‘better than expected’ revenues, earnings: Expert Hudson Valley Investment Advisors CEO and CIO Gus Scacco on investing in Prologis and his expectations for earnings season. NEW YORK — Small businesses in the U.S. fueled demand for delivery, helping UPS post better-than-expected earnings and revenue for the first quarter of the year. That sent the company's stock to […]
Read moreNorquist on Biden considering increase to estate tax Americans for Tax Reform President Grover Norquist warns against an estate tax increase as small businesses may be targeted. President Biden's proposed changes to estate taxes will be "the destruction" of "millions" of small businesses, Americans for Tax Reform President Grover Norquist told FOX Business' Stuart Varney on Monday. VARNEY: WELCOME TO […]
Read moreThe euro area private sector grew at the fastest pace since last July as a record expansion of manufacturing output was accompanied by a return to growth in the service sector, flash survey data from IHS Markit showed on Friday. The flash composite output index rose unexpectedly to a 9-month high of 53.7 in April from 53.2 in the previous […]
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