Wednesday, April 28, 2021

Apple raises U.S. investments over five years to US$430B - BNN Bloomberg

Apple raises U.S. investments over five years to US$430B - BNN Bloomberg: Apple Inc. is increasing its U.S. investments by 20 per cent over the next five years, allocating US$430 billion to develop next-generation silicon and spur 5G innovation across nine U.S. states, after outstripping its growth expectations during the pandemic.

Thursday, April 22, 2021

Putin, Xi, Pope Francis join 40 leaders at Biden's climate summit - BNN Bloomberg

Putin, Xi, Pope Francis join 40 leaders at Biden's climate summit - BNN Bloomberg: ​President Joe Biden is bringing together dozens of foreign leaders along with corporate executives, union heads and Pope Francis in a two-day virtual summit meant to invigorate the global fight against climate change and restore U.S. credibility on the issue.

Wednesday, April 21, 2021

Bank of Canada pares bond purchases, sees rate hikes earlier - BNN Bloomberg

Bank of Canada pares bond purchases, sees rate hikes earlier - BNN Bloomberg: The Bank of Canada announced that it will pare back asset purchases by one-quarter and indicated that it’s moving up its expected timeline for interest-rate hikes, citing a stronger-than-expected rebound from the pandemic.

US$12.3 trillion in stimulus killed the debt default cycle - BNN Bloomberg

US$12.3 trillion in stimulus killed the debt default cycle - BNN Bloomberg: It’s fair to say that US$12.3 trillion of stimulus seems to have killed off the U.S. credit default cycle. Almost all fear of bankruptcy has been obliterated from debt markets even though the global economy is still struggling under the worst health crisis in a century.

Wednesday, April 7, 2021

Tech group says China poised to top U.S. without new migrants - BNN Bloomberg

Tech group says China poised to top U.S. without new migrants - BNN Bloomberg: The U.S. risks losing its status as the world’s largest economy to China by the end of the decade if it doesn’t increase legal immigration, according to a study released Wednesday by a tech group that favors admitting more foreign workers.

Monday, April 5, 2021

Yellen to urge global minimum company tax to stop venue-hopping - BNN Bloomberg

Yellen to urge global minimum company tax to stop venue-hopping - BNN Bloomberg: Treasury Secretary Janet Yellen will argue Monday for a global corporate minimum tax rate as she pushes President Joe Biden’s plans to raise levies on U.S. companies, a person familiar with her remarks said.

Biden infrastructure plan would boost electric cars, clean power - BNN Bloomberg

Biden infrastructure plan would boost electric cars, clean power - BNN Bloomberg: President Joe Biden is calling for sweeping investment in electric vehicles, renewable power and the electric grid as part of a broad blueprint to bolster the U.S. economy while combating climate change.