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Fed can't ignore even fleeting inflation | Hellenic Shipping News Worldwide

Fed can't ignore even fleeting inflation | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Biden could raise volume on Fed's quiet message | Hellenic Shipping News Worldwide

Biden could raise volume on Fed's quiet message | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Space SPAC stumble

3 minute read
A SpaceX Falcon 9 rocket lifts with a batch of broadband network satellites, at the Kennedy Space Center, in Cape Canaveral, Florida, April 22, 2020. REUTERS/Joe Skipper
NEW YORK, June 30 (Reuters Breakingviews) - With space startups, the sky is the limit. Momentus, a satellite-transport outfit, shows how quickly the sky can fall. Its revised merger deal with blank-check firm Stable Road Acquisition (SRAC.O) values Momentus at $567 million, half its $1.1 billion worth previously.
Stable Road set out in late 2019 to find a merger partner in or adjacent to the cannabis business. It ended up backing development-stage water plasma propulsion technology in space. Now after the U.S. government intervened on national-security grounds, Momentus s two co-founders have gone, selling their stock back to the company. Thanks to this and launch delays, Momentus has pushed back its financial projections by 18 months, cutting its 2027 EBITDA forecast in half to a still a ....

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Big Tech trustbusters need to disrupt themselves

Gina Chon
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Attendees walk past a Facebook logo during Facebook Inc s F8 developers conference in San Jose, California, April 30, 2019. REUTERS/Stephen Lam
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WASHINGTON, June 30 (Reuters Breakingviews) - Many technology entrepreneurs start by identifying a problem to solve. The U.S. Federal Trade Commission didnât finish that job in its antitrust lawsuit against Facebook (FB.O). A judge tossed it out mainly because the FTC didnât show how to measure the social networkâs market share. Thatâs a misstep in need of self-disruption.
The FTC argued that Mark Zuckerbergâs $1 trillion company has held and illegally maintained monopoly power. The good news for the agency is that Judge James Boasberg on Monday seemed to accept its definition of the market for social networks as involving sharing among friends and family, against Facebookâs efforts to widen it. ....

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Didi debut hands tip to Uber

Reuters
3 minute read
A station for Didi Chuxing s autonomous driving taxi is seen in Shanghai, China October 27, 2020. REUTERS/Yilei Sun
LONDON, June 30 (Reuters Breakingviews) - With the S&P 500 Index hovering near a record high as the quarter ends, itâs only fitting Didi Globalâs (DIDI.N) initial public offering should deliver a first-day pop. Its U.S. depositary shares opened on Wednesday up nearly 20% from the $14 IPO price set the day before. That gave the Chinese ride-hailing giant a market capitalisation of around $80 billion read more . Headwinds including an antitrust probe at home â where almost all Didiâs business is done, despite the new âGlobalâ in the name â may explain why much of that gain later slipped away. ....

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