Tag Archives: borrow

(Bloomberg) — Chinese authorities are facing an uphill battle convincing companies and households to boost borrowing as long as Covid outbreaks and lockdowns continue to crush confidence. Most Read from Bloomberg After loan growth weakened in April to the worst level in almost five years, several indicators suggest the data for May won’t be much better. Housing sales have continued to slump, indicating a lack of appetite for mortgages and subdued credit demand among developers and sectors… Source link

(Bloomberg) — Former U.S. Treasury Secretary Lawrence Summers said the Federal Reserve’s massive bond-buying program is resulting in a “bizarre” situation in which the government’s funding structure is overly focused on the short-term. Under its quantitative easing program, the Fed purchases longer-term Treasuries and the money it creates to buy them ends up in the accounts that banks hold with the central bank, in the form of overnight reserves. These reserves earn a rate of interest… Source link

Google on Thursday announced family sharing for its Stadia cloud gaming service, bringing one of the more consumer-friendly features of digital game marketplaces to its platform. Family sharing will allow any group of Stadia users linked through Google’s Play Family Library system to use one digital license for a game purchase across multiple accounts. That way, you only need to buy one copy of a game for a parent and child or two siblings to both play it separately with separate save… Source link