Minnesota officer charged on killing.
Consumer credit surging to highest.
Ways the PPP program has evolved.
U.S. companies oppose voting curbs.
Goldman to hike pay by nearly 90%.
Banks pivot from pandemic to boom.
Peak inside Fontinalis, a Detroit VC.
Market Moving Headline:
The Federal Reserve will likely scale back its bond purchases before considering raising interest rates, Chairman Jerome Powell said, hardening expectations on the sequence of its eventual exit from aggressive policy support.
“We will reach the time at which we will taper asset purchases when we’ve made substantial further progress toward our goals from last December, when we announced that guidance,” Powell said Wednesday in a virtual event hosted by the Economic Club of Washington. “That would in all likelihood be before well before the time we consider raising interest rates. We haven’t voted on that order but that is the sense of the guidance.”
CDC chief said MI should shut down.
Cohen sells a NY house for 74% off.
Intel to produce chips for carmakers.
China getting serious about antitrust.
DARPA awards spacecraft contracts.
One dead in a high school shooting.
Domino’s, Nuro begin pizza delivery.
6 tips for success in early-stage ops.
Market Moving Headline:
Due to the way the government’s inflation metrics are calculated, what will appear to be significant price increases are all but guaranteed. The phenomenon is known as the base effect, a term worth keeping in mind when new figures make the argument even wilder.
Year-over-year comparisons will appear large for a host of economic indicators in coming months in the U.S. and, for that matter, elsewhere in the world after the pandemic and related business shutdowns curbed activity during the same periods in 2020. But arguably no data point is more in the spotlight on this front right now than inflation.
Fintech Focus For April 14, 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Businesses hurry with AI approach.
How to team build for $1B startups.
53% of Canadians near insolvency.
Spotify quiet about voice command.
Amazon beats back the union push.
Advice: So you want to raise funds?
A look inside the anti-vax playbook.
Market Moving Headline:
The S&P 500 closed above $4,100 for the first time as investors looked to price in an economic “‘Goldilocks moment’ fast, sustained growth alongside inflation and interest rates that drift slowly upward.”
Key Takeaways:
- Earnings season to start this week.
- Balance-to-higher into April OPEX.
In the coming sessions, participants will want to pay attention to where the S&P 500 trades in relation to Friday’s end-of-day spike higher.
Stimulus to cause excess leverage?
GM idles more plants on shortages.
A story on the cult of CryptoPunks.
Patreon raised $155M in financing.
Keys to success, the next big thing.
Market Moving Headline: In the aftermath of the Archegos blow-up, the biggest nightmare on Wall Street [] is that (many) more Archegos-style, highly levered family office blow-ups are waiting just around the corner.
Well, in a transaction after the close that is sure to spark much-heated controversy tonight and tomorrow morning, Bloomberg announced that JPMorgan was offering a 9 million block of Academy Sports and Outdoors (ASO) stock. Since this is virtually identical to what happened two Fridays ago when similar public BWICs by Goldman and other banks proceeded to unwind the Archegos portfolio, the immediate question on everyone s lips is whether a second highly levered family office has blown up.