(Bloomberg) — After another wild week in global money markets, traders are betting big on the biggest regime shift in Europe in years: the end of the negative interest-rate era before 2022 is over. Most Read from Bloomberg Fueled by a flurry of hawkish monetary signals over the past week, the interest-rate swaps market now projects the European Central Bank will deliver three quarter-point hikes by December — winding down the eight-year experiment with sub-zero borrowing costs that’s… Source link
Read More »Lack of diversity within companies is costing trillions
Diversity, equity, and inclusion (DEI) efforts have become crucial in shaping the cultures of companies around the world. With DEI considered to be a part of the broader environmental, social, and governance (ESG) criteria that a multitude of global firms now make an effort to adhere to, many job seekers today cite diversity as being critical in how and where they look for work. According to a recent report published by Bank of America (BAC) Global Research, a lack of diversity within… Source link
Read More »Kevin O’Leary sees ‘trillions’ coming to crypto — but he still loves these dividend stocks
Kevin O’Leary sees ‘trillions’ coming to crypto — but he still loves these dividend stocks “For the first time ever, my crypto exposure is greater than gold.” That’s what investment mogul and Shark Tank personality Kevin O’Leary told Stansberry Research in an interview earlier this month. In fact, Mr. Wonderful plans to double his crypto holdings to 7% of his portfolio by the end of this year, largely because he sees “trillions of dollars” of interest coming into the… Source link
Read More »Trump, after adding trillions to the government’s IOUs, comments on debt ceiling fight
Former President Donald Trump says the country has a debt problem and that the ongoing debt ceiling fight can be “a very strong card to play [where Republicans] can get a lot of what they want.” In an exclusive interview with Yahoo Finance, Trump said the prospect of a government default, which could plunge the country into a recession, can and should be a Republican lever to stop the Democratic spending efforts, including the multitrillion-dollar package of social spending currently being… Source link
Read More »Google could face trillions in fines in Texas antitrust suit
The states have asked the court to force the company to sell off pieces of its business to take away its power to control such auctions. But there are other allegations that could cut Google even more deeply. Texas also alleges that Google violated state laws that forbid unfair or deceptive business practices — laws that mandate steep fines for each violation. The attorneys general plan to argue that every online bid allegedly manipulated by Google violates state laws, which would lead to… Source link
Read More »President-elect Joe Biden’s first stimulus plan may underwhelm by trillions: Goldman Sachs
A now President-elect Joe Biden is known in D.C. circles as a consummate dealmaker, the throwback politician with the unique ability to lend an olive branch to those VIPs in the Republican Party. Biden’s dealmaking prowess will be put to an early test amid renewed stimulus talks during the transition period to the White House and then ultimately, once he occupies the Oval Office. Strategists up and down Wall Street are placing their chips on Biden — probably dealing with a… Source link
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