Investors struggling with the shape of the recovery of Covid-19 have the same blind spot as they did after the financial crisis: They do not know how inflation works. The S&P 500 hit new highs this month, despite the devastating effects of the pandemic. However, market expectations of inflation returned …
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An order box from Amazon from German car manufacturer Mercedes-Benz. Amazon Amazon announced Friday that it has ordered more than 1,800 electric vans from German carmaker Daimler’s Mercedes-Benz unit as part of its bid to become carbon neutral by 2040. The company said the order consisted of 1,200 of Mercedes’ …
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The Federal Reserve will have to support the economy because the recovery from the coronavirus pandemic “will be slow,” a top official at the central bank said Friday. “There’s more pain we need to support the economy,” Loretta Mester, president of the Cleveland Fed, told CNBC’s Steve Liesman during an …
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European stocks fell on Friday morning as investors defended a major policy change by the US Federal Reserve and news that Japanese Prime Minister Shinzo Abe is resigning due to health concerns. The pan-European Stoxx 600 dropped 0.17% mid-morning, with most sectors trading in the red. However, bank shares rose …
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LONDON (Reuters) – Stock markets struggled for direction on Friday as investors worried about a lack of detail in the US Federal Reserve’s policy change, while Japanese markets were awakened when Prime Minister Shinzo Abe sacked for health reasons. FILE PHOTO: A pedestrian in the offices of the London Stock …
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