Fed warns of rising risky asset prices, as stocks and bitcoin hit record highs – business live …

The UK will suffer stuttering growth, rising inflation and widening income inequalities in the coming months, the NIESR economic thinktank has warned.

The Fed’s latest financial stability report also warned that risky asset prices remain vulnerable to a tumble if growth falters or the pandemic intensifies.

“By the second half of the decade multinational corporations such as Facebook may have already launched their own currencies, which could quickly scale up and dominate the global monetary system, with dire consequences for accountability, privacy and economic policymaking.

CBDC would be a new form of digital money issued by the Bank of England and for use by households and businesses for their everyday payments needs, they say.

Now, though, General Electric is a shadow of its former self and, by market capitalisation, it sits just 76th in the S&P 500 index.

GE x-rays and MRIs helped heal us.GE financed our houses, leased our office buildings, made our favorite TV shows.And GE made managers who became the brightest stars of business–until they burned out.

The IAG SA unit will add pilot, cabin-crew, ground-staff and back-office posts, Doyle said in an interview Monday.

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