Economy

China Expands Internet crackdown; U.S. Stocks to Open Lower

Chinese regulators expanded their crackdown on China’s biggest internet companies. The government imposed tough new rules targeted at their financial…

3 years ago

Q1 GDP, Jobless Claims; Tech Earnings Lift stocks; Big Oil

The United States publishes its first estimate of gross domestic product (GDP) for Q1. That was with growth expected to…

3 years ago

Major Lining up to Taper Emergency Stimulus

The Bank of Canada has become the first major central bank to cut back on pandemic-era money-printing stimulus programmes. It…

3 years ago

Biden Seeks $80B for IRS; Germany Lifts Growth Forecast

  President Joe Biden is eyeing an extra $80 billion to fund U.S. tax collections. It would certainly help pay…

3 years ago

U.S. Await Guidelines on Spending Stimulus

U.S. states and cities are ready to tap billions of dollars about to come their way in the new federal…

3 years ago

Global Bond, Money Market Funds Attract Inflows

In the week ending April 21, investors poured $16.4 billion into global bond funds.  Additionally, $14.9 billion into money market…

3 years ago

AT&T Beats Revenue Estimates, Phone Sales Up

AT&T Inc beat Wall Street revenue targets as the U.S. economy reopened after pandemic-linked restrictions. The reopening gave smartphone sales…

3 years ago

Netflix Falls Short in Q1; Soccer Clubs’ New League Fails

Netflix’ first quarter last year was huge amid the pandemic that has kept people inside their homes. But with vaccinations…

3 years ago

China Food Delivery Meituan Raises $10 Billion

Chinese Food delivery firm Meituan has raised $10 billion in a stock and convertible bonds sale. Despite a regulatory clampdown…

3 years ago

U.S. Sanctions Threats Push Putin Into Economic Isolation

The U.S. warns Russia of further repercussions if it doesn’t change behavior on foreign policy. This includes the treatment of…

3 years ago

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