Credit Suisse investors managing $2.5 trillion have called for the bank to take a tougher stance on coal financing, amid concern its current policies are too lax, a letter seen by Reuters showed.
City quietly switched to a remote, digital air traffic control centre earlier this year, the first major international airport to do so, and on Friday it went public with the news.
economic growth accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course for what is expected will be the strongest annual performance in nearly four decades.
Wall Street financiers let out a cautious cheer on Thursday after hearing New York City aims to fully reopen on July 1, craving the meetings and meals of work life before the pandemic, but also loathing the grind of mass transit, packed office elevators and conventional business attire.
While the country’s worst floods in decades damaged some vegetable crops in the eastern states, higher-than-average rainfall across the grain-growing regions of Western Australia between January and March has delivered useful subsoil moisture and could mark one of the best early starts for the state since 2005.Meanwhile, prices for palm oil — the world’s most-consumed edible oil — have experienced a stunning rally after a deluge of rain in Indonesia and Malaysia during the first quarter and are up 11% so far in 2021 after two straight years of gains.
While brick-and-mortar stores closed, Amazon has now posted four consecutive record quarterly profits, attracted more than 200 million Prime loyalty subscribers, and recruited over 500,000 employees to keep up with surging demand.
Net income per share, meanwhile, came in at $0.01 compared to a $0.05-per-share loss in the year-ago period.
And some economists fear more stimulus could stoke inflation.But with so many Americans still out of work, Federal Reserve Chairman Jerome Powell this week said he isn’t worried about the risk of runaway inflation and will keep rates near zero.He called the economic recovery uneven and incomplete.”The economy is a long way from our goals and it is likely to take some time for substantial further progress to be achieved.”A second report Thursday showed the labor market continues to heal but still has a long way to go.New applications for jobless benefits dropped to 553,000, a new crisis-era low, but that’s still more than double the number consistent with a healthy labor market.
General Motors Co’s chief executive officer, Mary Barra, received a compensation package worth $23.7 million in 2020, 9.4% more than the previous year, according to the U.S.
The meeting https://www.berkshirehathaway.com/sharehold.html gives Buffett, 90, and Munger, 97, a stage to explain over 3-1/2 hours what to expect from Berkshire’s dozens of businesses, markets and the economy, and whether the company will continue aggressive share repurchases.
Meanwhile, Credit Suisse Group AG’s Jonathan Golub raised his forecast for the stock benchmark, citing a “red-hot economy fueling earnings.”Still, for Ralph Bassett, head of North American equities at Aberdeen Standard Investments, companies have done so well that the market is getting to a point where a lot of that optimism may be priced in.“The setup is very good, but with multiples where they are, the upside risks are just really becoming less likely at this stage,” he said.The S&P 500 has had better months, but never before has a rally been so widespread, according to one measure tracked by Bloomberg.
as its top stakes.“There is a market for somebody who really wants to tilt a little to ESG, but not go overboard,” Balchunas said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Global stocks have been on a tear, buoyed by fiscal stimulus – mainly from the United States – the expected vaccine-driven economic recovery and robust earnings, putting the MSCI world equity index on track for its best monthly performance since November.