Are $2,000 stimulus checks a good way to help the economy and fight poverty or a misuse of government resources? The centerpiece of President Biden’s coronavirus economic relief plan — to send Americans another $1,400 in addition to the $600 already authorized by Congress — polls well with the public, but some economists and politicians from […]
Banks should be forced to hold more capital against investor mortgages pushing up the interest rate to help cool the property market, an economist believes. Jarrod Kerr, chief economist at Kiwibank, said the rampant run in the housing market had “surely taken a negative cash rate off the table.” Last year, market expectations were for […]
By Lauren Hirsch and Michael J. de la Merced It’s been more than two years since bankers kept their name badges obscured behind ties at a high-profile investment conference in Riyadh, the capital of Saudi Arabia, held weeks after the killing of the journalist Jamal Khashoggi by Saudi agents. After a wave of cancellations at […]
LONDON (Reuters) – Wall Street is abuzz about stock market bubbles as surges in the share prices of some loss-making firms, red-hot public markets and amateur investors chasing stocks at frothy valuations spark fears of a pullback.FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, […]
Banks have so far been slow to take up the Reserve Bank’s cheap lending offer with the country’s largest bank, ANZ, yet to tap into the Funding for Lending programme. The programme opened to banks on December 7 and allows them to borrow at the official cash rate (OCR) – currently at 0.25 per cent […]
Is there a statute of limitations on attending “Davos in the Desert”? By Andrew Ross Sorkin, Jason Karaian, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni ‘Davos in the Desert’ is back It’s been more than two years since bankers kept their name badges obscured behind ties at a high-profile investment conference in […]
BOSTON (REUTERS) – The world’s 20 best-performing hedge funds earned US$63.5 billion (S$84.3 billion) for clients in 2020, setting a record for the last 10 years during a chaotic time when technology oriented stocks led a dramatic rebound from a pandemic induced sell-off, LCH Investments data show. As a group, the most successful managers earned […]
The New York Times is pushing back against a narrative coalescing around the recent firing of an editor. Lauren Wolfe, a freelance editor for The Times’ “Live” page and a journalist who has written elsewhere about violence against women and girls, was reportedly terminated by the paper after she tweeted late last week “I have […]
One of the most perplexing phenomena last year has been the performance of stock markets. Unperturbed by more than 60 million confirmed cases of Covid-19 and 1.5 million deaths, share prices continued their upward trajectory. As global economic activity contracted by more than 4 per cent and hundreds of millions of jobs were lost, stock […]
Walmart Inc. says it is taking steps to offer large-scale COVID-19 vaccinations at its pharmacies. The retailer, which runs more than 5,000 pharmacies around the country, said Friday it is training pharmacists and technicians and coordinating with government agencies. Walmart is not requiring its workers to receive the vaccine, nor is it providing incentives for […]