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Copper may be flirting with record highs but the metal is far from peaking as the energy transition revs up, according to Newmont Corp. Chief Executive Officer Tom Palmer.
Futures hit $10,000 a metric ton on Thursday for the first time since 2011 as mines struggle to keep up with surging demand. Newmont, the world’s largest gold producer, is increasing exposure to copper through several “mega projects,” Palmer said on an earnings call. Even if just one materializes, copper will account for 15-20% of the company’s total output by the end of the decade, he said.
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The 2017 Tax Cuts and Jobs Act (TCJA) made sweeping changes to
the Internal Revenue Code (Code). When coupled with the
implementation of the various Action Items included in the
OECD s Base Erosion and Profit Shifting (BEPS) initiative, life
sciences multinationals responded by making major changes to their
supply chains and structures for holding and exploiting
intellectual property (IP).
The Biden administration has proposed significant changes to the
Code that would increase the corporate income tax rate, alter the
mechanics for taxing foreign income and eliminate incentives
Arizona business owners react to Biden s spending plans
Who benefits and who pays under Biden s American Families plan.
and last updated 2021-04-29 01:11:42-04
PHOENIX â Some Arizona small business owners are among those worried about the Biden administration s spending proposals.
Between COVID relief, infrastructure, and now the American Families Plan, just announced by the White House, those three domestic spending initiatives total six trillion dollars. That is a lot of zeros to entrepreneurs who are still just coming out of a massive economic downturn brought on by the pandemic. I m not against funding our government. I believe in government. I believe in infrastructure. I believe in policing, and I believe in these things that cost our country and government money and I want to contribute to that, but it has to be reasonable, says MTJ Electric President Mark Jennings.
by Tyler Durden
Friday, Apr 23, 2021 - 04:00 PM
Today s sudden panic-bid at the US cash open, dragged stocks back to unchanged-ish on the week (Small Caps outperformed, ending up around 1% on the week after being down 4% by Tuesday close).
Recovering all of yesterday s Biden Tax Plan losses, until the late-day tumble.
So, aside from paying away over 50% of your capital gains to fund gawd-knows-what social justice agenda, on the week, you get nothing too. and like it.
Nasdaq s trading patterns this week were somewhat comical.
Healthcare stocks outperformed on the week as Energy stocks lagged.
Source: Bloomberg
Source: Bloomberg
VIX found support each time it dropped below 17.