Tag Archive for: Mar 2 2021
AIRBnB REPORTS 2020 LOSSES. The room-booking company reported losing $3.89 billion in 2020’s fourth quarter, more than ten times the...
HSBC ACCELERATES ITS TURN TOWARD ASIA. HSBC, the world’s seventh-largest bank by assets, according to S&P Global Market Intelligence,...
PHARMA SERVICE FIRMS UNITE IN $12-BILLION BUY
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, Mar 2 2021, 2Dublin-based Icon PLC, which conducts clinical trials for drug companies and reported $2.8 billion in 2020 sales, will buy...
EMERGING MARKET INVESTMENTS LOSE THEIR LUSTER AS RATES RISE
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, Mar 2 2021, 0Stock markets in developing countries have risen about 90 percent over the past 12 months and reached historic highs...
INDIA’S ECONOMY REBOUNDS IN FOURTH QUARTER
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, Mar 2 2021, 0India’s economy grew 0.4 percent in 2020’s fourth quarter, year on year, according to the National Statistics Office, compared...
BRITISH POUND CLIMBS TO THREE-YEAR HIGH VALUE
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, Mar 2 2021, 0As we noted earlier, despite the U.K. falling into its worst recession in three centuries, the British pound rose...
GLOBAL TRADE REACHES PRE-COVID WAR LEVELS
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, Mar 2 2021, 1Global trade shrank 5.3 percent last year but had returned to 2019 levels by November, according to CPB Netherlands...
GOODYEAR WILL BUY COOPER TIRE FOR $2.8 BILLION
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, Mar 2 2021, 1Goodyear Tire & Rubber, the largest U.S. tire maker, will pay $2.8 billion in cash and stock to buy...
RALPH LAUREN, LANDLORD BATTLE OVER 5TH AVENUE RENT
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, Mar 2 2021, 1In a measure of the plunging value of commercial real estate, fashion influencer Ralph Lauren is entering arbitration with...
HIGHER MORTGAGE RATES HOBBLE HOUSING MARKET’S EXPANSION
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, Mar 2 2021, 1The average interest rate on 30-year fixed mortgages rose to 2.81 percent during the week ending 18 February, the...
FEDERAL EVICTION BAN UNCONSTITUTIONAL, JUDGE SAYS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, Mar 2 2021, 3The federal ban on evictions imposed last September by the Trump administration and CDC is unconstitutional, a federal judge...
The U.S. Federal Reserve will not raise benchmark interest rates from their current levels near zero until three conditions...
U.S. household income climbed 10 percent in January from December, the U.S. Commerce Department reported, due in part to...
UNEMPLOYMENT CLAIMS DROP FOR FIRST TIME IN THREE MONTHS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, Mar 2 2021, 1During the week ended 19 February, new claims for unemployment benefits dropped by 111,000 to 730,000, the lowest number...
ARCANE BOND MOVE GIVES CLUE ABOUT INFLATION
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, Mar 2 2021, 3Bond yields have risen sharply this year; stock-pickers are shifting away from glitzy tech stocks that have gained value...
PSYCHOHISTORY: SCI-FI LEGEND PREDICTED THE COMING FALL
Support, , TRENDS IN TECHNOCRACY by Joe Doran, Mar 2 2021, 5The battle continues. Call it Globalists vs. Nationalists, Elites vs. Populists, Technocracy vs. Constitutional Liberty. Whatever the terms, familiar...
The MSM has applauded. But with over 350 Capitol protesters arrested since 6 January and National Guard troops camped...
ANALYST: GAMESTOP COULD LEAD TO WIDER MARKET SWINGS
Support, , SPECIAL REPORT: GAMESTOP by Joe Doran, Mar 2 2021, 0Some analysts are worried there’s something other than profit motivating moves of so-called “meme stocks.” They're blaming internet forums,...
LEFT SAYS GAMESTOP BUYING ESPORTS WOULD MAKE THINGS RIGHT
Support, , SPECIAL REPORT: GAMESTOP by Joe Doran, Mar 2 2021, 0Late last week, a short-seller previously burned by GameStop stock surges had a suggestion that fueled further speculation about...