The back story: Abe took office in 2012, promising to revitalize the world’s third economy through massive monetary stimulus, increased government spending and structural economic reforms. The program has yielded mixed results. Falling prices were overcome, but inflation fell short of the 2% target set by the Bank of Japan. …
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The significant reduction in business and retail staff will help Bed Bath & Beyond save $ 150 million in annual pre-tax savings, the company said Tuesday. As of February, the retailer had 55,000 employees, so the cuts amount to 5% of its total workforce. Tuesday’s action is part of a …
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This pandemic has clashed with things in ways we could never have imagined, Jim Cramer told his viewers of Mad Money on Thursday. Some of those collisions are good, while others are not, Cramer said. Therefore, he continued to recommend a barbell portfolio that includes both COVID-19 winners and recovery …
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The test is in “game changer, “according to Brett Giroir, the U.S. Assistant Secretary of Health in the Department of Health and Human Services. Investors certainly think so: Abbott’s (ABBOTT) share was up about 8% Thursday morning. The FDA authorization for emergencies is for Abbott’s BinaxNOW Covid-19 Ag card. The …
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The Federal Open Market Committee on Thursday announced that it has approved changes in its written policy strategy that are widely seen as leading to an easier position of monetary policy over time. In a statement, the Fed said it had adopted an “average inflation target” and acknowledged the benefits …
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