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Preview: US Retail Sales For March Will Beat Expectations - Christophe Barraud

Preview: US Retail Sales For March Will Beat Expectations - Christophe Barraud

On Thursday, the Census will release the Advance US Retail Sales report for March. According to the Bloomberg consensus, they should rebound by 5.8% MoM, after falling by 3.0% MoM in February.→ My proxies suggest that the consensus is too pessimistic:On March 11, President Joe Biden signed the $1.9 trillion coronavirus relief package which boosted household incomes with a third stimulus check, for up to $1400 and an expanded child tax credit. The Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service began processing payments from Mid-March....

christophe-barraud.com
12 hours ago
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EU's top court rules against Ryanair over airlines' COVID bailouts

EU's top court rules against Ryanair over airlines' COVID bailouts

BREAKING NEWSThis content is not available in your regionShare this articleThe European Court of Justice (ECJ) ruled against Ryanair on Wednesday, stating that COVID-19 support granted to the airline's competitors by their home countries was not illegal.The Irish airline had argued that the bailout cash EU countries gave to their flag carriers to weather the pandemic was in breach of EU state aid rules. The ECJ's General Court upheld that it was not.It said that Finland's guarantee to help Finnair obtain a €600 million loan "was necessary in order to remedy the serious disturbance in the...

euronews.com
16 hours ago
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BlackRock, Temasek Team To Launch $600M Climate-Focused Fund

BlackRock, Temasek Team To Launch $600M Climate-Focused Fund

ShareShareA consumer goods company founded by popular actress Jessica Alba is the latest company to file for a listing on the public markets. That company is The Honest Company, which was started ten years ago by a team led by Alba. With Alba's popularity, she helped steer The Honest Company into a high sphere of popularity that has brought in hundreds of millions of dollars in sales. The company sells a variety of household products with a major pitch of being eco-friendly. The Honest Company has filed with the US Securities and Exchange Commission (SEC) for an initial public offering. As...

thetechee.com
4 hours ago
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Self-Driving Car, Cloud, and Software: Huawei Opts for Diversification To Survive U.S. Sanctions | by Sylvain Saurel | Apr, 2021 | Medium

Self-Driving Car, Cloud, and Software: Huawei Opts for Diversification To Survive U.S. Sanctions | by Sylvain Saurel | Apr, 2021 | Medium

he election of Joe Biden as President of the United States in November 2020 could have made Huawei hope for a time an inflection of the American policy towards China. In the end, it will not happen. Very quickly, Joe Biden made it clear that he intended to pursue the same policy on Chinese Tech as that of his predecessor, Donald Trump.The Chinese telecom champion has no choice but to evolve to survive these American sanctions.Huawei’s new mantra is clear: diversify or die.Huawei will theefore invest in new areas to keep its head above water. At the big summit that Huawei holds annually for...

medium.com
Sylvain Saurel
14 hours ago
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How Amazon Strong-Arms Partners Using Its Power Across Multiple Businesses

How Amazon Strong-Arms Partners Using Its Power Across Multiple Businesses

Skip to Main ContentSkip to Searchhttps://www.wsj.com/articles/amazon-strong-arms-partners-across-multiple-businesses-11618410439Byandlast year told smart-thermostat maker Ecobee it had to give the tech giant data from its voice-enabled devices even when customers weren’t using them. The Canadian company said no. The smaller company feared that complying with the demand would violate customer privacy, said a person familiar with the episode. Ecobee’s devices work with , and it already shared some data with Amazon, the person said. Moreover, the company worried Amazon would glean insights...

wsj.com
Joe Flint
14 hours ago
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‘Pause’ on Johnson & Johnson Vaccine Reveals One Systemic Flaw Plaguing the FDA | Brad Polumbo

‘Pause’ on Johnson & Johnson Vaccine Reveals One Systemic Flaw Plaguing the FDA | Brad Polumbo

Maybe Americans will finally realize the extent to which federal bureaucracy routinely stops potentially life-saving innovation in its tracks.As of 4/12, 6.8m+ doses of the J&J vaccine have been administered in the U.S. CDC & FDA are reviewing data involving 6 reported U.S. cases of a rare & severe type of blood clot in individuals after receiving the vaccine. Right now, these adverse events appear to be extremely rare— U.S. FDA (@US_FDA)This page relies heavily on JavaScript.Please, and reload the page to enjoy our modern features.Open CommentsThis work is licensed under a Creative Commons...

fee.org
Brad Polumbo
12 hours ago
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Intel wants to produce chips for cars amid semiconductor shortage

Intel wants to produce chips for cars amid semiconductor shortage

The chip giant could reportedly provide chips for automakers within six to nine months., the company announced Monday. The tech giant would aim to produce chips within six to nine months, Intel CEO Pat Gelsinger told Reuters following a concerning the . Intel currently makes chips that power computers and phones.The announcement follows Intel last month saying it would , now saying this could be a potential source of manufacturing for the car industry. Intel said its announcement was met with a positive response, but did not name any potential automaker customers.To address the shortage, in...

cnet.com
Corinne Reichert
2 days ago
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Coinbase soars in market debut, valued near $86 billion

Coinbase soars in market debut, valued near $86 billion

Read full articleMICHELLE CHAPMAN and ALEX VEIGACoinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion. Coinbase Global Inc.‘s initial public offering happened with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. Digital currencies are being incorporated into business plans and accepted for payment by major corporations like Tesla, PayPal and Visa. The San Francisco-based company’s listing on a public stock exchange is seen by some as an...

yahoo.com
4 hours ago
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Fed survey: Economy rebounding, helped by stimulus, vaccines

Fed survey: Economy rebounding, helped by stimulus, vaccines

AP NEWSADVERTISEMENThttps://apnews.com/article/joe-biden-jerome-powell-coronavirus-pandemic-economy-bd2688815f26c5dfefab36420005d0ddClick to copyhttps://apnews.com/article/joe-biden-jerome-powell-coronavirus-pandemic-economy-bd2688815f26c5dfefab36420005d0ddClick to copyRelated topicsA Federal Reserve survey has found that the economy was rebounding in late February through early April, helped by billions of dollars in a new round of stimulus payments and the stepped-up rollout of coronavirus vaccines. The new survey released Wednesday showed that the Fed’s business contacts around the...

apnews.com
Martin Crutsinger
9 hours ago
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Woman arrested for refusing to return $1.2 million she received from Charles Schwab via ‘accounting error’

Woman arrested for refusing to return $1.2 million she received from Charles Schwab via ‘accounting error’

A former sheriff’s dispatcher in New Orleans has been arrested after she refused to return more than $1.2 million that was accidentally deposited in her brokerage account. Kelyn Spadoni, 33, was taken into custody on charges of theft, bank fraud and illegal transmission of monetary funds, according to . Spadoni has been fired by the Jefferson Parish Sheriff’s Office in the wake of her arrest.Charles Schwabtransferred $1.2 million into her account when it was only meant to deposit $82, according to authorities. “She has no legal claim to that money,” “Even if it was put in there, by mistake....

marketwatch.com
Weston Blasi
12 hours ago
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An architecture firm has designed a floating 5-star hotel that would generate its own electricity by rotating, but it may be too futuristic for its own good

An architecture firm has designed a floating 5-star hotel that would generate its own electricity by rotating, but it may be too futuristic for its own good

The design by Hayri Atak Architectural Design Studio is for a five-star hotel with 152 rooms that would span more than 376,000 square feet, or about 8.6 acres. Construction on the hotel has not begun, and feasibility studies and technical assessments are ongoing, Kübra Türk, one of the architects working on the project, told Insider. The hotel would rotate to generate electrical energy, according to the architects. An artistic rendering of the floating hotel. Hayri Atak Architectural Design Studio The rotation would "not produce all the energy it needs," Türk said, adding that the amount...

insider.com
Katie Warren
Mar 30
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Europe Covid-19: Daily Summary (April 14th) - Christophe Barraud

Europe Covid-19: Daily Summary (April 14th) - Christophe Barraud

*Note: Data can’t be directly compared to lockdown period amid methodology change and increasing frequency of tests (see below).

christophe-barraud.com
19 hours ago
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Dislodged Suez Canal cargo ship held amid $916 million claim

Dislodged Suez Canal cargo ship held amid $916 million claim

IE 11 is not supported. For an optimal experience visit our site on another browser.April 14, 2021, 11:40 AM UTCBy Yuliya Talmazan, Charlene Gubash and Arata YamamotoA mammoth cargo ship that blocked the last month is being held in the waterway as authorities pursue a $916 million compensation claim against its owner, according to the vessel’s insurer.The UK Club, an insurer for the , said in a statement Tuesday that the ship's Japanese owners received a claim from the (SCA), which runs the canal, on April 7. The claim includes $300 million for "loss of reputation."The company said a...

nbcnews.com
Apr 1
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Bullying, Booze, and Choke Holds: With Goldman Sachs’s Culture Under the Microscope, a Former Intern’s Abuse Suit Moves Forward

Bullying, Booze, and Choke Holds: With Goldman Sachs’s Culture Under the Microscope, a Former Intern’s Abuse Suit Moves Forward

Last month, a number of clever young bankers at Goldman Sachs managed to get Wall Street’s attention by putting together an official-looking PowerPoint presentation that , including their absurdly long hours and their lack of sleep. According to 13 first-year analysts—typically recent college graduates occupying the lowest rung on Goldman’s investment-banking ladder—who responded to the survey, for the week ending on February 13, they had worked a “mean” of 105 hours a week, hitting the hay on average at 3 a.m. “Being unemployed is less frightening to me than what my body might succumb to...

vanityfair.com
William D. Cohan
2 days ago
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The Total Market Value Of Cryptocurrencies Increases To $2.31 Trillion, Surpassing Market Value Of Apple

The Total Market Value Of Cryptocurrencies Increases To $2.31 Trillion, Surpassing Market Value Of Apple

Powered by .latestSubscribe to:Get In TouchGiving you feeds on what's happening in America and the world at large. Be it in tech, politics, entertainment, health and sports, gaming etc...© all rights reservedmade with by Global Trends America

globaltrends.us
12 hours ago
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JPMorgan profits on capital markets in a cash-flush economy

JPMorgan profits on capital markets in a cash-flush economy

By , (Reuters) -JPMorgan Chase & Co’s first-quarter results on Wednesday laid bare the challenge big banks face in this phase of the pandemic, where stimulus programs have left individuals and businesses in good financial shape but so flush with cash that few of them need loans.The biggest U.S. bank sailed past Wall Street expectations by reporting a nearly 400% increase in quarterly profit. The gains came from JPMorgan releasing more than $5 billion it had set aside to cover potential coronavirus loan losses that have not materialized, as well as a continued boom in capital-markets...

reuters.com
Elizabeth Dilts Marshall
17 hours ago
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Bitcoin Hits Another High Of $64,000, Creator Satoshi Nakamoto Happens To Worth More Than China's Richest Man

Bitcoin Hits Another High Of $64,000, Creator Satoshi Nakamoto Happens To Worth More Than China's Richest Man

Powered by .latestSubscribe to:Get In TouchGiving you feeds on what's happening in America and the world at large. Be it in tech, politics, entertainment, health and sports, gaming etc...© all rights reservedmade with by Global Trends America

globaltrends.us
12 hours ago
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Social Yield Farming Platform Don-Key Locks $2 Million From Crypto’s Top Players

Social Yield Farming Platform Don-Key Locks $2 Million From Crypto’s Top Players

Please wait...Log OutLearn how your company's culture can either advance or totally sabotage your company goals.TORTOLA, British Virgin Islands–(BUSINESS WIRE)–April 13, 2021–has completed a private funding round to bootstrap it’s Defi social yield farming platform. The $2.2 million was raised in the company’s first round from leading blockchain funds, including, Black Edge Capital, AU21. Genesis Block Ventures, Spark Digital, Solidity Ventures, MoonWhale, and Morningstar Ventures.Don-Key aims to reduce the barrier for entry for both yield farmers and liquidity providers, opening the DeFi...

venturebeat.com
Business Wire
2 days ago
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Bitcoin Records A New High Of $62,000 And Over 150,000 People Have Suffered A Huge Loss

Bitcoin Records A New High Of $62,000 And Over 150,000 People Have Suffered A Huge Loss

Powered by .latestSubscribe to:Get In TouchGiving you feeds on what's happening in America and the world at large. Be it in tech, politics, entertainment, health and sports, gaming etc...© all rights reservedmade with by Global Trends America

globaltrends.us
12 hours ago
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Who Will Shape the Future of Cars: Automakers or Tech Firms?

Who Will Shape the Future of Cars: Automakers or Tech Firms?

 As a Partner and Co-Founder of Predictiv and PredictivAsia, Jon specializes in management performance and organizational effectiveness for both domestic and international clients. He is an editor and author whose works include Invisible Advantage: How Intangilbles are Driving Business Performance.   

thelowdownblog.com
Jonathan Low
12 hours ago
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Ponzi schemer Bernie Madoff dies in prison

Ponzi schemer Bernie Madoff dies in prison

You are using an older browser version. Please use a for the best MSN experience.ASSOCIATED PRESS NEW YORK (AP) — Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died in a federal prison early Wednesday, a person familiar with the matter told The Associated Press.Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes, the person said. The person was not authorized to speak publicly and spoke to the AP on the condition of anonymity. Last year, Madoff’s lawyers filed court papers to try to get...

msn.com
12 hours ago
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Morning Brief - April 14th 2021 - Christophe Barraud

Morning Brief - April 14th 2021 - Christophe Barraud

MarketsMarkets Economic IndicatorsFiscal PolicyGeopolitics and Trade Covid-19Covid-19 Other NewsCovid-19Other News

christophe-barraud.com
17 hours ago
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Fear of Covid Keeps the Unemployment Rate Artificially Low

Fear of Covid Keeps the Unemployment Rate Artificially Low

MishAround 4 million adults aren’t looking for jobs, not because they’re scarce but because of worries about catching the coronavirusFear of Getting or Spreading CovidOfficially the Unemployment rate is 6.0%. Practically speaking, it is much larger by several methods. Please consider .A U.S. Census survey conducted in the second half of March found that about 4.2 million adults aren’t working because they are afraid of getting or spreading the coronavirus.Labor-force participation usually falls in recessions, as some people give up job hunting. But such discouraged workers accounted for...

thestreet.com
Mish
3 days ago
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