BLOOMBERG REPORT SEES REBOUND FOR MAJOR CRYPTOS. Amid reports that China is serious about cracking down on Bitcoin by...
Tag Archive for: jun 8 2021
CHINA’S CENTRAL BANK RAISES CURRENCY REQUIREMENTS
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 8 2021, 1China’s central bank has raised the proportion of foreign currency commercial banks must hold from 5 percent to 7...
The private equity firms Blackstone Group, Carlyle Group, and Hellman & Friedman have agreed to pay $34 billion to...
As part of HSBC’s promise to “move the heart of the business to Asia,” the London-based bank has split...
WORKSPACE DINGED BY FALLING RENTS, PROPERTY VALUES
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 8 2021, 0Workspace, a London-based company renting out flexible office and light industrial spaces, saw its first-quarter rents fall 13 percent...
Gambling that India’s disastrous second COVID surge has passed, investors have poured cash into the country’s stock market, lifting...
G7 NATIONS REACH TAX AGREEMENT ON MULTINATIONALS
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 8 2021, 1Finance ministers of the G7 group of nations have reached an agreement that they should levy a minimum tax...
Russia’s $186-billion sovereign wealth fund will reduce its dollar holdings from $40 billion to zero this month, finance minister...
FOOD PRICES HIT 10-YEAR HIGH, RAISING CONCERN FOR POORER NATIONS
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 8 2021, 0Food prices around the globe increased by 40 percent in May, which raises concern for poor countries and their...
An executive at American Airlines told the Wall Street Journal earlier this month that 47 of the airline’s 50 largest business...
Almost two million travelers passed through U.S. airport security gates on 28 May, the start of the Memorial Day...
In May, for the 12th consecutive month, the amount of Manhattan office space available to lease has edged up...
ASSET MANAGER BECOMES DROPBOX’S LARGEST SHAREHOLDER
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 8 2021, 1New York equity firm Elliot Management Corp., with $40 billion under management, has bought a significant number of shares...
START-UP TURNS SMALL INVESTORS INTO LANDLORDS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 8 2021, 1Fundrise, a new fund that has just secured $300 million in credit from Goldman Sachs, is putting investors with...
HOMEOWNERS CASH IN ALMOST $50 BILLION IN HOME EQUITY
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 8 2021, 2U.S. homeowners took $49.6 billion in equity from their homes during the first quarter of this year, according to...
HOMEOWNERS TRAPPED IN PLACE BY HIGH PRICES
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 8 2021, 4Many U.S. homeowners could sell their houses at a hefty profit but are unwilling to do so if it...
The average price of used cars and trucks in the U.S. leaped 10 percent from March to April and...
COSTCO CFO CONFIRMS TRENDS JOURNAL FORECAST: INFLATION 2021
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 8 2021, 2As we have noted, the U.S. Federal Reserve has called current pressures inflating prices for everything from milk to...
Activity in the U.S. services economy in May was stronger than at any time on record, according to the...
FED PROGRAM WILL SELL BONDS, FUNDS BOUGHT DURING CRISIS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 8 2021, 0The U.S. Federal Reserve soon will begin to sell the almost $14 billion in corporate bonds and exchange-traded funds...