(Reuters) – The U.S. cannabis industry is hoping that the fourth time is a charm for a major banking reform bill that is once again headed to the Senate for approval after a comfortable victory in the U.S. House of Representatives.The House voted 321-101 on Monday to approve a legislation that would allow banks to…
Please try another search Economy1 hour ago (Apr 20, 2021 02:20PM ET) © Reuters. FILE PHOTO: Senate Banking Committee hearing on Capitol Hill, Washington By Ann Saphir (Reuters) – The U.S. economy is going to temporarily see “a little higher” inflation this year as the recovery strengthens and supply constraints push up prices in some…
Household ProductsProcter & Gamble earnings beat as consumers hang on to pandemic cleaning habits; price hikes aheadPublished Tue, Apr 20 20216:30 AM EDTUpdated An Hour AgoAmelia LucasShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey PointsProcter & Gamble topped Wall Street’s estimates for its fiscal third-quarter earnings and revenue.Consumers are still…
A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/IllustrationA U.S. House panel on Tuesday passed a bill to open the OPEC oil production group and countries working with it to lawsuits for collusion in boosting petroleum prices, but it was uncertain whether…
Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City. JOHANNES EISELE/AFP via Getty Images US shares fell on Monday as technology shares dragged indexes lower. Investors remain cautious over the slew of corporate earnings ahead as well as the ongoing…
Concise insights on global finance in the Covid-19 era. ———————————————— INCARCERATION ARBITRAGE. Running prisons for profit raises moral questions. That makes companies like CoreCivic (CXW.N) and GEO (GEO.N) and their financiers fair game for environmental, social and governance activists . Barclays (BARC.L) has discovered that the opprobrium isn’t easily avoided, even when there are a…
The idea of a wealth tax is gaining steam as a way to address economic inequality and recovery. The majority of respondents in a new poll see a wealth tax as one way to address inequality. The IRS chief told Congress it’s possible that over $1 trillion in taxes go uncollected each year. See more…
Household ProductsProcter & Gamble earnings beat as consumers hang on to pandemic cleaning habits; price hikes aheadPublished Tue, Apr 20 20216:30 AM EDTUpdated Moments AgoAmelia LucasShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey PointsProcter & Gamble topped Wall Street's estimates for its fiscal third-quarter earnings and revenue.Consumers are still buying…
Druva, a software company that sells cloud data backup services, announced today that it has closed a $147 million round of capital. Caisse de dépôt et placement du Québec (CDPQ), a group that manages Quebec’s pension fund, led the round, which also saw participation from Neuberger Berman. Prior investors including Atreides Management and Viking Global…
Opinion – EconomySupply chain slowdown hits at key pillars of economy and will likely get worse: Dan YerginPublished Thu, Apr 15 20211:49 PM EDTUpdated Thu, Apr 15 20211:50 PM EDTDaniel Yergin@DanielYerginShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey PointsThe pressures on supply chains are increasing and global disruptions are likely…
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