07 April

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Fed Acknowledges Green Shoots, but Recovery Still in Need of Support, Minutes Show By Investing.com

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By Yasin Ebrahim Federal Reserve policymakers continue to back the ongoing pace of monetary support to keep the recovery on track at a time when incoming data point to a brighter outlook on economic activity and employment, according to the Federal Reserve minutes released Wednesday. At the conclusion of its previous meeting on March 18, the Federal Open Market Committee kept its benchmark rate in a range of 0% to 0.25% and pledged to maintain bond purchases at a $120 billion monthly pace. At the meeting, the bank, despite acknowledging the recent improvement in the economy...

07 April

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IMF chief worried about middle-income countries; urges expanded definition of ‘vulnerable’ By Reuters

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By Andrea Shalal WASHINGTON (Reuters) - The head of the International Monetary Fund on Wednesday said she would discuss with IMF members whether they back offering low- and no-interest financing to middle-income countries hit hard by the pandemic, not just the poorest countries. Managing Director Kristalina Georgieva said she was concerned about tourism-dependent and other middle-income countries that had weaker fundamentals and high-debt levels, even before the pandemic, and generally backed adoption of a broader definition of what makes a country "vulnerable." The IMF's Poverty Reduction and Growth Trust can currently only lend to the poorest...

07 April

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Biden will press U.S. companies to pay ‘acceptable’ level of tax By Reuters

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By Trevor Hunnicutt WASHINGTON (Reuters) - U.S. President Joe Biden will sharpen arguments for his $2 trillion-plus new spending proposal in a speech on Wednesday, challenging those who oppose his plan and the taxes that would be raised to pay for it. Biden faces stiff opposition from Republicans, companies and even some in his own Democratic Party to key elements of the proposal he laid out a week ago, which must be approved by Congress to become a reality. The president will attempt to put those opponents on the defensive in a speech where he...

07 April

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Amazon Climbs on Positive Signs for E-Commerce Sales By Investing.com

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By Dhirendra Tripathi Investing.com – Amazon (NASDAQ:AMZN) shares rose 2% Wednesday, on potentially strong home e-commerce growth in the first quarter. Cowen analyst John Blackledge talked to one of the largest home sellers on Amazon and Wayfair (NYSE:W). Blackledge said the seller is expecting more than 20% year-on-year sales growth on Amazon. Cowen rates both Amazon and Wayfair as outperform. The market didn't react to the news the same way for Wayfair, which traded 3.7% lower. The seller largely comprises outdoor home goods products and generates about 55% of its revenue on Amazon and 15% on Wayfair....

07 April

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S&P 500 Struggles for Direction as Focus Shifts to Fed Minutes By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 struggled for direction Wednesday, as tech gave up some gains despite a decline in rates ahead of the Federal Reserve's March meeting minutes due later today. The S&P 500 rose 0.04%, the Dow Jones Industrial Average fell 0.1%, or 23 points, and the Nasdaq Composite was down 0.1%. Tech stocks gave up some of their gains even as investors weighed falling U.S. bond yields against worries that stocks have run up too fast and are due a correction. Microsoft (NASDAQ:MSFT), Google-parent Alphabet (NASDAQ:GOOGL), Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL) and...

07 April

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Facebook does not plan to notify half-billion users affected by data leak By Reuters

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By Elizabeth Culliford (Reuters) - Facebook Inc (NASDAQ:FB) did not notify the more than 530 million users whose details were obtained through the misuse of a feature before 2019 and recently made public in a database, and does not currently have plans to do so, a company spokesman said on Wednesday. Business Insider reported last week that phone numbers and other details from user profiles were available in a public database. Facebook said in a blog post on Tuesday that "malicious actors" had obtained the data prior to September 2019 by "scraping" profiles...

07 April

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UK vaccine body: Keep going with second doses of AstraZeneca vaccine By Reuters

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LONDON (Reuters) - People in Britain who have received their first dose of the AstraZeneca (NASDAQ:AZN) COVID-19 vaccine should continue to be offered their second dose, despite a change in guidance over administering the shot to younger citizens, health officials said. "Those who have received their first dose of AstraZeneca vaccine should continue to be offered the second dose of AstraZeneca vaccine, according to the set schedule," said Wei Shen Lim, chair of the Joint Committee on Vaccination and Immunisation. ...

07 April

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IMF Says Wealth Tax, Corporate Taxes Can Help Virus Recovery By Bloomberg

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(Bloomberg) -- Taxes on high-income earners and corporations can help advanced economies raise revenues to recover from the global pandemic, the International Monetary Fund said. Rebuilding from Covid-19 offers an opportunity to reverse the erosion in personal-income taxes paid by the highest earners, Vitor Gaspar, the director of the IMF fiscal affairs department, told reporters on Wednesday. “One specific option that is available to policy makers would be a Covid-19 recovery contribution that could take the form of a surcharge on personal-income tax or a surcharge on corporate-income taxes given that some corporates have done...

07 April

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Airline leader blasts ‘monopoly’ fee hikes, citing Heathrow By Reuters

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By Laurence Frost and Sarah Young LONDON (Reuters) - Airlines will fight attempts by suppliers and airports, including Heathrow, to cover pandemic losses by raising charges, the new head of industry body IATA said on Wednesday, as he promised "strong and aggressive" resistance to such moves. "Some of these guys just act as monopoly suppliers," said Willie Walsh, the IAG (LON:ICAG) veteran who took over this month as director general of the International Air Transport Association, representing almost 300 airlines globally. "We can work on their behalf to resist the efforts of some suppliers to increase...

07 April

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Pinterest Inches Higher As Guggenheim Analyst Reiterates Buy By Investing.com

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By Dhirendra Tripathi Investing.com – Pinterest (NYSE:PINS) shares climbed more than 1% after Guggenheim analyst Michael Morris reiterated a buy rating along with his $95 price target for the stock. The price target is 13% higher than the stock’s current level. Morris said the company is well-positioned for significant financial growth in 2021 given continued high consumer engagement, improved advertiser tools and global expansion. Morris said data from Amazon’s Alexa Rank indicates Pinterest showed further engagement momentum during the first quarter. The analyst said that data from App Annie shows Pinterest’s monthly average user rankings reached...

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Fed Acknowledges Green Shoots, but Recovery Still in Need of Support, Minutes Show By Investing.com

IMF chief worried about middle-income countries; urges expanded definition of ‘vulnerable’ By Reuters

Biden will press U.S. companies to pay ‘acceptable’ level of tax By Reuters

Amazon Climbs on Positive Signs for E-Commerce Sales By Investing.com

S&P 500 Struggles for Direction as Focus Shifts to Fed Minutes By Investing.com

Facebook does not plan to notify half-billion users affected by data leak By Reuters

UK vaccine body: Keep going with second doses of AstraZeneca vaccine By Reuters

IMF Says Wealth Tax, Corporate Taxes Can Help Virus Recovery By Bloomberg

Airline leader blasts ‘monopoly’ fee hikes, citing Heathrow By Reuters

Pinterest Inches Higher As Guggenheim Analyst Reiterates Buy By Investing.com

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