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Bloomberg Barclays Faces Credit Trader Exodus Over Bonus Disappointment (Bloomberg) — Barclays Plc has been hit by a string of departures among senior credit traders in New York and London unhappy that their bonuses failed to reflect the pandemic profit surge.The bank has offered promotions to some employees and given assurances over future pay in an attempt to address their concerns, according to people familiar with the matter, who asked not to be identified discussing private… Source link

Memorial Day weekend marks the start of the airline industry’s busy summer travel season and airfare expert Bob Harrell said fares are going up.  “Well, they’ve been going up fairly dramatically in the last six months at least,” he told Yahoo Finance. Harrell is president of Harrell Associates, a firm that tracks and benchmarks ticket prices across the industry. In normal times, business fares are four to five times more expensive than leisure fares, according to Harrell, but right now,… Source link

Watch: Coinbase set to offer Dogecoin Dogecoin soared on Friday after Elon Musk said he was working with the crypto’s developers to improve its efficiency as a means of payment. The Tesla (TSLA) boss, who has previously said his Dogecoin tweets shouldn’t be taken seriously, tweeted that he was “working with doge devs to improve system transaction efficiency” and said the work was “potentially promising.” The cryptocurrency, which was conceived as a joke in 2013, rose over 30% on Friday morning… Source link

As Anticipated, No Impact on Cash Position, Business Operations or Economics of Commercial Arrangements No Change to Gross Billings; Company Reaffirms Previously Disclosed Annual Gross Billings Targets Plug Power Remains Well-Positioned to Leverage Industry Leadership and Capture MeaningfulShare of the $10T Hydrogen Economy Company to Host Conference Call at 8:30 am ET Today LATHAM, N.Y., May 14, 2021 (GLOBE NEWSWIRE) — Plug Power Inc. (“Plug Power” or the “Company”) (NASDAQ: PLUG), a… Source link

FILE PHOTO: A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo (Reuters) – Alphabet Inc’s Google said on Friday it was leading about 30 companies and trade groups in opposing a lawsuit that seeks to stop over 90,000 spouses of highly skilled U.S. visa workers from having jobs in the country. The organizations contend undoing employment authorization for spouses would cause financial havoc… Source link

A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo Alphabet Inc’s (GOOGL.O) Google said on Friday it was leading about 30 companies and trade groups in opposing a lawsuit that seeks to stop over 90,000 spouses of highly skilled U.S. visa workers from having jobs in the country. The organizations contend undoing employment authorization for spouses would cause financial havoc for families,… Source link

Billionaire bond investor Jeffrey Gundlach, the founder and CEO of $135 billion DoubleLine Capital, sees reasons to be concerned about inflation.   “It feels to me like the market started worrying about [inflation] a little bit this week,” Gundlach said, later adding it “was the biggest miss on CPI in many years, and maybe even in my whole career.”  On Wednesday, the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) jumped 0.8% in April, well ahead of economists’… Source link

Bloomberg Inflation Risk Sinks 80% of Europe’s Company Debt Sold This Year (Bloomberg) — Buyers of newly-minted corporate bonds are already nursing losses as inflation fears send government bond yields climbing.About four fifths of high-grade non-financial corporate bonds priced in Europe this year are quoted below their issue price, based on data compiled by Bloomberg. Last Friday, the share of post-issue losers stood at under 50%.This bleak statistic underscores the damaging effect on… Source link

Google is leading an effort to maintain work authorization for tens of thousands of people whose spouses hold H-1B visas, the high-skilled visa that’s common in the tech industry. Companies across the tech industry, which has been historically vocal in fighting for increased immigration rights, submitted an amicus brief Friday in a case known as Save Jobs USA v. Department of Homeland Security. A Washington district court is considering the plaintiff’s challenge to a DHS rule that allows… Source link

FILE PHOTO: A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo (Reuters) – Alphabet Inc’s Google said on Friday it was leading about 30 companies and trade groups in opposing a lawsuit that seeks to stop over 90,000 spouses of highly skilled U.S. visa workers from having jobs in the country. The organizations contend undoing employment authorization for spouses would cause financial havoc… Source link