Fed Is Still Cautious
Powell said Friday that the U.S. economic recovery appears to be making progress, but warned that the Fed needs to be careful not to tighten its policy before enough Americans are able to jump back in the labour market.
Go Deeper (2 min read)Peloton's Growth Is Slowing, Cuts Prices
The fitness bike maker is expected to cut the price of its flagship bike as people head back to their local gyms and do less exercise at home. The company is also starting to shift its business mix back toward treadmill sales, which are less profitable than its cycles.
Go Deeper (2 min read)Warby Parker's Direct Listing
Its net revenue grew to $ 394m in the most recent fiscal year yet its net loss widened to $ 56m. For comparison, its sales stood at $ 273m in 2018 and $ 273m in 2019 while its net loss reached $ 22.9m in 2018 and it broke even in 2019.
Go Deeper (2 min read)A previous draft of the law said that tech companies must ask for the user's consent to collect its data and users can withdraw at any time. On top of this, companies can't refuse to serve users that do not opt in unless the data is necessary for the provision of the product or the service.
Go Deeper (2 min read)Upwork, The Work Enabler
Upwork is the first online marketplace with over $100 million in United States staffing revenue, thereby ranking it among the top United States (US) staffing and talent engagement firms.
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Higher Interest Rates? Bullard Says "Yes"
St. Louis Federal Reserve Bank President James Bullard thinks that the pandemic may have pushed the U.S. into an era of stronger growth and higher productivity. In contrast with the last decade of low growth, low productivity and low inflation.
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Invest In China? Today?
The Chinese Government has taken extraordinary measures to keep its tech giants in check. It started with Alibaba and Jack Ma and has now expanded to Tencent, DiDi, Meituan and many other tech leaders.
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Robinhood, An Overlooked Opportunity?
The online brokerage began trading at $38 per share, the low end of its range which valued the company at about $32 billion. After dropping as much as 10% Robinhood's market capitalization closed down at $29 billion.
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JD, China's e-Commerce Champion
Founded in 1998 by Richard Liu and headquartered in Beijing, China, JD.com (NASDAQ:JD) has grown to become one of China’s largest online retailer. The company has over 500 million annual active customers and has over 1,000 warehouses
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Bubbles? What Grantham Is Seeing
Right now, Grantham believes that the stimulus, vaccine optimism and the ongoing economic recovery have enabled investors to buy some time. Yet, serious issues such as rising interest rates, sustained inflation, labor shortages and exploding commodity prices could trigger the next fall.
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China's Careful Boost
Friday the People's Bank of China announced that it would cut the reserve requirement ratio (RRR) for all banks by 50 basis points.
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