Coronavirus Test Kits Market In North America- Abbott Laboratories, Becton, Dickinson and Co., Co Diagnostics Inc., among others to contribute to the market growth

Bloomberg
Key Brexit Clash Would Cost Euro Swap Traders $2.4 Million a Day
(Bloomberg) -- One of the biggest Brexit battlegrounds between the European Union and the U.K. now has a price tag: at least $2.4 million a day.That’s how much any move by the European Union to cut off access to London’s dominant clearinghouses for derivatives could cost traders in euro interest rate swaps, net of buying, according to an estimate from Albert Menkveld, professor of finance at Vrije Universiteit Amsterdam, who has sat on advisory panels to European regulatory authorities.Fragmenting cross-Channel clearing would result in additional costs because global dealers would need more collateral for their positions in multiple clearinghouses in the U.K. and in the EU, Menkveld said. They wouldn’t be able to offset, or net, the positions as easily and that would require dealers to raise extra funds.Those additional costs would likely be passed on to pensions, money managers and other users of derivatives in the local jurisdiction, Menkveld said, who compares the burden on financial markets to traffic jams caused by passport controls.“This is the price we all paid for control by national authorities,” Menkveld wrote in a blog post. “As a European citizen I can now zip onto the Autobahn at 100-plus kilometers per hour, but my pension fund might soon pay for crossing the border with the U.K. to diversify risk.”His tally is one of the first to show the immediate fallout if authorities stop the seamless, cross-Channel settlement of trillions in euro interest rate swap contracts, which currently takes place largely in London. The actual cost could be far greater if it weakens London’s attractiveness as a global financial center. The business is widely viewed as a core pillar of London’s standing and the EU’s desire to pull more of that business away has prompted sabre-rattling from politicians, financiers and even the governor of the Bank of England.The U.K. and major lobby groups for the biggest banks and money managers in the world are calling for the EU to maintain easy access to London clearinghouses, including the London Stock Exchange Group Plc’s LCH unit which is the world’s biggest for euro interest rate swaps. The European Commission in Brussels wants the bloc’s traders to move more of their euro-denominated business inside the EU and not rely so heavily on London. A ruling last year extended access to London through June 2022.Clearinghouses serve as a key hub in the global financial system, settling hundreds of trillions of dollars in deals between banks, hedge funds, pensions and a wide range of corporations. The firms collect collateral, or margin, from buyers and sellers to reduce the risk that the default of one side spreads panic to the other and, in turn, across the broader system.If the temporary decision isn’t renewed, Bank of England Governor Andrew Bailey has said a quarter of euro-derivatives clearing business would need to shift to the EU. The rest would likely stay in London because it is currently the most efficient place for it, he said.Additional CostsThe estimated net price impact probably understates the total additional costs to traders in the market from the disruption that would ensue, Menkveld said.Costs could mount because traders would probably have a harder time offsetting positions in euros, pounds and other currencies as well as the increased compliance burden. In more stressed markets, traders could face much higher costs from the split and difficulty using clearinghouses in both the U.K. and the EU, he said.“There is a trade-off here between the benefits of local control by regulators, and the additional costs that fragmented clearing imposes,” Menkveld said. “The benefit is hard to quantify but the costs are non-trivial.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
2h ago
Bloomberg
Sanjeev Gupta Agrees to $278 Million White Oak Loan for U.K. Steel Firms
(Bloomberg) -- Sanjeev Gupta’s U.K. steelmaking business has reached terms on a 200 million-pound ($278 million) loan from White Oak Global Advisors LLC.The loan will be subject to due diligence and the approval of Credit Suisse Group AG, according to a person familiar with the matter. The Swiss bank has a claim on the business through financing provided by Greensill Capital and repackaged into its funds.The working capital facility would allow Gupta’s steel businesses to increase production and take advantage of record steel prices, the person said, asking not to be identified because the matter is private.The loan would be a potential lifeline for Gupta’s GFG Alliance, which is fighting for survival after the collapse of its biggest lender Greensill Capital. Earlier this week, Gupta agreed another loan for his primary steel business in Australia, which includes the Whyalla mill.White Oak declined to comment.Gupta’s U.K. steel business owes Greensill $769 million, according to a March 2021 GFG presentation seen by Bloomberg. The loan from White Oak would not be used to refinance that debt, the person familiar said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
15h ago
Reuters
With 8 million Americans out of work, why are more companies not filling jobs?
SAN FRANCISCO/WASHINGTON (Reuters) -As the economy revs up to meet the rapacious demand of tens of millions of newly vaccinated Americans, employers say they cannot fill their yawning need for labor. Take Alex Washut. In January he mapped out hiring plans for his two breakfast and lunch eateries in western Massachusetts and figured he'd need to hire 20 new cooks, servers, dishwashers and other staff by May. He has doubled wages in some cases but has managed to hire only five; most of the time, he said, job candidates never even show for their interviews.
17h ago
Reuters
STB approves voting trust for Canadian Pacific's proposed acquisition of Kansas City Southern
Canadian Pacific (CP) had earlier agreed in its talks with U.S. railroad Kansas City Southern (KCS) to bear most of the risk of the merger deal not going through. It was going to buy KCS shares and place them in an independent voting trust, insulating the acquisition target from its control until the STB, which oversees freight rail, clears the deal.
6h ago
Bloomberg
IBM Downgraded by S&P as Deal Spree Clouds Ability to Cut Debt
(Bloomberg) -- International Business Machines Corp. was downgraded by S&P Global Ratings because an acquisition spree adds doubt to the company’s timeline for reducing debt.S&P cut IBM one notch to A- with a stable outlook, according to a report Thursday. The credit rater expects IBM to pursue additional takeovers to bolster its hybrid cloud and artificial ingelligence capabilities. Coupled with the planned spinoff of its managed infrastructure services business, there’s uncertainty IBM can reduce leverage to a certain level in the next year or two, S&P said.Chief Executive Officer Arvind Krishna has been on a spending spree as he seeks to transform IBM into a more modern technology company, focusing on fast-growing markets like AI and cloud services after years of stagnation.The first step along that road was IBM’s purchase of Red Hat, completed in 2019 for $34 billion. Since then Krishna, who became CEO last year, has stepped up the pace, spending about $1 billion on acquisitions in the first quarter of this year, according to S&P. IBM also said it’d buy Turbonomic Inc. in April in a deal valued at as much as $2 billion.The efforts appear to be paying off, as IBM recently reported its biggest revenue gain in 11 quarters, though there was only a 1% increase in sales. The stock has gained 15% this year.While the M&A spree has helped lift IBM’s debt load to $56.4 billion, total debt has declined $17 billion since its 2019 peak, and could fall as much as $10 billion over the next two years, Bloomberg Intelligence analysts Robert Schiffman and Suborna Panja said in an April 30 report.Last October, Krishna announced plans to spin off IBM’s managed infrastructure services unit into a separate publicly traded company, which will be called Kyndryl and be based in New York. The division, currently part of IBM’s Global Technology Services division, handles day-to-day infrastructure service operations like managing client data centers and traditional information-technology support for installing, repairing and operating equipment.IBM’s shares and bonds were little changed in early trading in New York.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
17h ago
The Wall Street Journal
Bill Gates Transfers Nearly $2.4 Billion Worth of Stock to Melinda Gates Amid Divorce
Stakes in a Coca-Cola bottler, Mexican broadcaster and other companies were transferred as two of the world’s richest people began dividing their wealth after filing for divorce.
1d ago
Reuters
Treasury sell off in February highlights ongoing liquidity risk - Fed
A bruising bond market sell-off earlier this year appears to remain high on the minds of Federal Reserve officials, who in a report on Thursday singled out the event as illustrative of continuing liquidity issues in the $21 trillion U.S. Treasury market. The Feb. 25 drubbing followed a historically poor auction of 7-year Treasury notes and sent yields surging as market liquidity evaporated in minutes. The event, coming less than a year after the Fed had to inject $2 trillion into the bond market in the space of about five weeks to keep it from a complete melt down, "highlighted the importance of continued focus on Treasury market resilience," the Fed said in its semi-annual Financial Stability Report.
8h ago
Coin Rivet
FIS release banking solution for Bitcoin purchases and custody
Financial technology firm FIS has announced that it is launching a solution that enables banks to offer their customers the ability to buy, sell and hold Bitcoin via their bank accounts.
2d ago
LA Times
U.S. appeals court upholds California program for workers without retirement benefits
Federal appeals court rejects challenge to a California program that provides retirement savings for workers who don't have a pension or 401(k).
10h ago
Investing.com
Peloton Falls After Recall of Deadly Treadmill
Peloton (NASDAQ:PTON) dropped almost 7% after its treadmills were recalled following the death of a child at the hands of the equipment. The U.S. Consumer Product Safety Commission (CPSC) and Peloton announced two separate voluntary recalls of Peloton’s Tread+ and Tread treadmills, and said consumers should immediately stop using them and contact Peloton for a full refund or other qualified remedy. Peloton has also stopped the sale and distribution of the Tread+.
2d ago
Bloomberg
Zambia Shuts Seized Copper Mine as Prices Soar Toward Record
(Bloomberg) -- Zambia said a lack of capital halted production at a copper mine it seized from Indian billionaire Anil Agarwal’s Vedanta Resources Ltd., a development the operator disputed.The standstill at Konkola Deep, a high-grade underground pit that also contains cobalt, was triggered by a shortage of funds to develop new mining areas, said Barnaby Mulenga, permanent secretary in the Ministry of Mines. The lack of capital is also curbing output at other operations of Konkola Copper Mines Plc, which was placed under provisional liquidation in 2019 after the government alleged Vedanta lied about expansion plans and paid too little tax.KCM said on Thursday that Konkola Deep is still operating. Higher copper prices will also make it economical to open up new mining areas, it said in a statement.The developments at KCM come as copper surged back above $10,000 a ton, with the reopening of major industrial economies sparking a commodities rally. Africa’s No. 2 copper producer is reliant on exports of the metal, but production at Konkola Deep may only resume after the resolution of a legal arbitration with Vedanta opens the way for new investment, Mulenga said.“This demand for copper will only get higher and the sooner these issues are resolved there is still an opportunity to exploit this resource,” Mulenga said. “This is a giant which is sleeping and we remain positive that it will be mined at some point.”Zambia Plan to Sell Billionaire’s Mines Stuck in Legal Mire Mulenga said KCM’s current challenges result from Vedanta failing to complete underground works that would have allowed more ore to be extracted from Konkola Deep. The flagship mine in Zambia’s Copperbelt requires most of the $1.2 billion needed to turn KCM around, he said.Vedanta, which has denied the government’s allegations, said it was “saddened” to hear about the production halt at Konkola Deep. The company said it had invested more than $1.7 billion in KCM and had planned to spend a further $1.5 billion to make the operations profitable.Last month, employees of more than 30 contractors at KCM stopped work and staged protests over workers’ grievances.The mounting problems at KCM highlight the political risks as President Edgar Lungu’s government seeks a greater share of mining revenues ahead of elections this year. While Zambia’s copper production rose to a record last year, that didn’t prevent the nation from defaulting on its external debt.Zambia also plans to sell a majority stake in Mopani Copper Mines Plc after acquiring the operations from Glencore Plc, Mulenga said earlier this year. The government wants to raise about $300 million to expand output and pay off the $1.5 billion it owes the commodities giant.A Copper Mining Lesson From Zambia: History Repeats Itself (Updates with comment from KCM in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
19h ago
Bloomberg
Copper and Iron Ore Surge as Chinese Investors Unleash Demand
(Bloomberg) -- Spot iron ore broke $200 a ton for the first time, while copper approached a record high as Chinese investors unleashed fresh demand following a three-day holiday.The reopening of major industrial economies is sparking a surge across commodities markets from corn to lumber, with tin climbing above $30,000 a ton for the first time since 2011 on Thursday. In the wake of mounting evidence of inflation -- fueled by higher raw materials prices -- investors are also increasingly focused on when the U.S. Federal Reserve might start throttling back its emergency support.Many banks say the rally has further to run, particularly for copper, which will benefit from rising investment in new energy sectors. Copper is at the highest in a decade, fueling bets it will rally further to take out the record set in February 2011. Steel demand is surging as economies chart a path back to growth just as the world’s biggest miners have been hampered by operational issues, tightening ore supply.“The long-term prospects for metals prices are ‘too good’ and point to higher prices in the next few years,” said Commerzbank AG analyst Daniel Briesemann. “The decarbonization trends in many countries -- which include switching to electric vehicles and expanding wind and solar power -- are likely to generate additional demand for metals.”Trading house Trafigura Group and several major Wall Street banks including Goldman Sachs Group Inc. and Bank of America Corp. expect copper to extend gains.Copper for three-month delivery rose 1.4% to settle at $10,092 a ton on the London Metal Exchange.Benchmark spot iron ore prices rose to a record, while futures in Singapore and China climbed.The boom comes as China’s steelmakers keep output rates above 1 billion tons a year, despite a swath of production curbs aimed at reducing carbon emissions and reining in supply. Instead, those measures have boosted steel prices and profitability at mills, allowing them to better accommodate higher iron ore costs.Spot iron ore with 62% content hit $201.15 a ton on Thursday, according to Mysteel. Futures in Singapore jumped as much as 5.1% to $196.40 a ton, the highest since contracts were launched in 2013. In Dalian, prices closed 8.8% higher.Read more: Copper’s Surge Toward a Record High Is Hitting Chinese IndustryStill, some analysts including Commerzbank’s Briesemann expect a short-term correction as metals become detached from fundamentals. There’s also a risk that China could engage in policies that may cool demand for iron ore and copper.The metals rally has boosted concerns about short-term Chinese demand. Some manufacturers and end-users have been slowing production or pushing back delivery times after costs surged, while weaker-than-expected domestic consumption has opened the arbitrage window for exports.Tin climbed as much as 2% to $30,280 a ton on the LME, boosted by rising orders for the soldering metal. Tin is at the highest since May 2011, with a 48% gain this year making it the best-performing metal on the LME.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
12h ago
Bloomberg
Cathie Wood’s Ark Battered by Selloff, Worst Run of Outflows
(Bloomberg) -- The selloff that’s tearing through high-valuation tech shares has battered Cathie Wood’s flagship ETF.The ARK Innovation exchange-traded fund (ARKK) dropped for a seventh straight day Wednesday in its longest slide in nearly two and a half years. After surging roughly 150% in 2020 thanks to a string of prescient bets on Tesla Inc. and stay-at-home tech darlings, the negative stats are starting to add up.ARKK, which edged lower in early trading on Thursday, is down more than 10% for the year and investors are piling into protection against more losses. Put volume hit 190,000 Tuesday, the most in six weeks and the fourth-most on record. The latest data show outflows for a sixth consecutive day, the longest streak since the fund launched in 2014.The slide comes with many of the fund’s top holdings caught up in a rotation out of highly-valued tech companies. Investors have turned on the likes of Zoom Video Communications Inc., Roku Inc. and Teladoc Health Inc. -- all top 10 holdings in ARKK. Once coveted for the promise of strong future profit growth, the specter of inflation now makes stretched valuations harder to justify after robust earnings from tech giants failed to revive investor interest.“Investors got a visceral reminder last week that the tech titans have not only surging earnings, but also reasonable valuations,” said Mike Bailey, director of research at FBB Capital Partners. “The relative attractiveness of the big five tech stocks might be making hyper growth stocks, such as those in ARKK, look even more expensive, as we see sentiment fade.”ARKK outflows over the six-day streak total about $785 million, according to data compiled by Bloomberg. In April, the $21 billion fund saw its first monthly net outflow since October 2019. Ark Investment Management didn’t immediately respond to a request for comment.“This thing was a hot hot, go go momentum play,” said Mike Zigmont, head of research and trading at Harvest Volatility Management. “It’s not like everyone is in the poor house all of a sudden,” he added. But “you have a lot of shareholders who don’t think it’s as wonderful as the prior generations, and that’s going to represent a sentiment shift.”The speculative corners of the market kept bleeding on Wednesday, with newly minted shares and unprofitable technology firms slumping. A seven-day selling streak has driven the Renaissance IPO ETF below its March trough, reaching the lowest level since November.Meanwhile, a basket of unprofitable tech firms suffered a similar stretch of losses. After a 2.5% slump Wednesday, the fund has extended a decline from its February peak to 31%.The carnage contrasts with the buoyancy in the broader market, where the Dow Jones Industrial Average advanced to a record Wednesday while the S&P 500 hovered near an all-time high.“My real fear, though, is that the high growth areas represented by the Ark funds and many similar funds are in danger of breaking down and potentially creating waterfall-type declines,” said Andrew Adams at Saut Strategy. “It’s not going to be a great look if these more speculative areas collectively start to break down beneath them.”(Updates with latest flow data, Thursday trading.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
21h ago
Reuters
Fed says stock market boom, 'ebullient' investors warrant caution
Booming stocks, internet-driven "meme" investments and the black box of hedge fund financing pose increasing risks as the U.S. economy emerges from the coronavirus pandemic and investor appetite soars, the Federal Reserve warned on Thursday in its latest report on financial stability. "With investors ebullient on expectations for a strong rebound, it is important to closely monitor risks to the system and ensure the financial system is resilient," Fed Governor Lael Brainard said in a statement released alongside the U.S. central bank's semi-annual report, which reiterated some longstanding concerns and highlighted new ones. Commercial real estate remains potentially vulnerable, the Fed said, particularly after a pandemic that may dim demand for office space, and businesses and households "remain under considerable strain" due to the impact of the virus.
10h ago
Yahoo Finance
What investors need to do to combat inflation
It's been a long time since inflation posed a potential problem for investors, and some strategists have some ideas how to defend a portfolio against it.
14h ago
Bloomberg
Ark Slammed Again as Tech’s Riskiest Bets Blow Past Lifelines
(Bloomberg) -- The highest-flying tech names are getting no help from one of the sector’s usual lifelines amid a fierce selloff that’s showing few signs of slowing.Plunging U.S. real yields -- which strip out the effects of inflation -- failed to stem another 3% fall in Cathie Wood’s ARK Innovation exchange-traded fund (ARKK) Thursday, now in the midst of its worst stretch since 2018. Drops in the likes of Twilio Inc., Zoom Video Communications Inc. and Roku Inc. dragged down the ETF, even as the mega-cap Nasdaq 100 rallied for the first time this week.The break-apart in riskier tech and real rates is a sea change in a relationship that’s held through much of the past year. With bonds offering a negative rate of return after stripping out inflation, speculative tech and growth have flourished as investors hunt for yield. That the decoupling is happening at a time when a standard explanation for weakness in equities is “concern about inflation” shows the challenges of assigning cause and effect to a market where everything from retail day-traders to options-fomented hedging is acting on prices.“Even though the bond market is suggesting that tech should be doing better, commodities are what the equity market is listening to and that is causing less of a bid for technology,” said Matt Miskin, co-chief investment strategist at John Hancock Investment Management. “Commodities are whispering in the ear of the equity market and saying inflation is coming.”A surge in everything from copper to corn prices has pushed the Bloomberg Commodity Spot Index to its highest level in almost a decade. Meanwhile, 2-year breakevens touched the highest level since 2008 on Wednesday. The market’s sensitivity to a potential rise in rates was on display this week, with the Nasdaq 100 careening lower after Treasury Secretary Janet Yellen said interest rates may have to rise moderately to keep the economy from overheating -- a point she later walked back.ARKK has bled about $785 million in outflows over the past six days, according to data compiled by Bloomberg. Amid the carnage, hedge funds sold technology shares for seven straight days, cutting their exposure to the lowest since December, prime broker data compiled by Goldman Sachs Group Inc. show.Retail investors have also absorbed blows after chasing momentum into the high flyers like green energy and electronic-vehicle stocks. Plug Power Inc. tumbled 9% Thursday after a 973% surge in 2020. Xpeng Inc., a Chinese maker of electric cars, dropped as much as 6.4% for its eighth decline in nine days.A Goldman Sachs basket of retail favorites has fallen five straight weeks, the longest losing streak in data going back to July 2018. That’s a turnaround from earlier this year, when a Reddit-driven rally in meme stocks like GameStop Corp. handed the retail crowd a win against some short sellers.As growth gets hit, cyclically-oriented sectors -- those with earnings viewed as being more tied to economic swings -- have pulled ahead. The financial and energy sectors have rallied 2.8% and 6% so far this week, respectively, putting both on track for their strongest showings since March.“With the data continuing to suggest a faster than expected recovery, the recovery/reflation trade is winning and expensive growth becomes a source of funds,” said Dan Suzuki, Richard Bernstein Advisors LLC’s deputy chief investment officer. “The rising inflation expectations indicate that people’s confidence in the reflation trade is picking up.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
13h ago
Yahoo Finance
Kevin O’Leary on cryptocurrency: ‘I don’t own random ETFs with blood coin in them’
It appears that Shark Tank investor Kevin O’Leary no longer thinks bitcoin is “garbage.” The chairman of O’Shares ETF told Yahoo Finance Live that he’s allocated 3% of his portfolio to the world’s largest cryptocurrency after his native Canada, and a handful of other countries, eased restrictions on institutional buying of the asset.
2d ago
Bloomberg
Billionaire Li Ka-shing Bets on Southeast Asia’s Tech Startups
(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Hong Kong tycoon Li Ka-shing’s private investment firm Horizons Ventures Ltd. will make Southeast Asia a priority, with the region’s digital economy booming as the pandemic drives more people to use the internet.Horizons Ventures will focus in particular on Southeast Asia’s biggest market, Indonesia, co-founder Solina Chau, Li’s long-time confidante, told Bloomberg News in a statement sent by text message.The firm, whose early bet on Zoom Video Communications Inc. contributed to a surge in Li’s wealth during the pandemic, has over the past year invested in three Indonesia-based startups in funding rounds that have raised more than $210 million. Partnering up with Jakarta’s Alpha JWC Ventures, one of Southeast Asia’s largest venture capitalists, Horizons seeks to identify young companies that could be the region’s next most popular.The investment firm is pivoting into developing economies after previously focusing on North America, Europe and Israel. Covid-19 is fueling a rapid digital transformation and burgeoning startup scene in Southeast Asia as more people use digital services, generating some of the region’s largest listings. New internet users quadrupled year-on-year in 2020 to 40 million in its six largest economies -- bringing 70% of their total population online -- according to an annual study by Google, Bain & Co. and Singapore’s Temasek Holdings Pte.“In the past, we felt more innovation, opportunities and founders with science and technology background in the U.S., Europe and Israel, but now we are seeing Indonesia and broader Southeast Asia really going through a very critical juncture,” Frances Kang, a director of Horizons Ventures, told Bloomberg in an interview. The company “will only deploy more capital” into the region, she said, and has set up a team looking into opportunities there.Horizon Ventures and Alpha JWC have over the past year invested in Indonesian online stock brokerage Ajaib, rapidly-expanding coffee chain Kopi Kenangan and capsule hotel operator Bobobox. Alpha manages some $200 million across two funds and has invested in more than 40 startups.Still, the region’s political uncertainties and fragmented markets remain challenging for investors. Two of Southeast Asia’s leading economies, Thailand and Malaysia, have seen recent government upheavals, and memories of the 1997 and 2008 financial crises linger.Recent mega deals in Southeast Asia include the $40 billion listing of Singapore’s ride-hailing firm Grab and a similar deal for Indonesian online travel company Traveloka, with a potential valuation of $5 billion.Li, 92, joins other high-profile global investors chasing the region’s growth potential. His son Richard Li, chairman of Hong Kong’s Pacific Century Group, has teamed up with American tech mogul Peter Thiel to set up two blank-check companies seeking merger and acquisition targets in Southeast Asia. Japanese conglomerate SoftBank Group Corp. and billionaire Mohamed Mansour, meanwhile, have invested in Grab, the region’s most valuable startup.Horizons Ventures has made early investments in a number of other tech giants including Facebook Inc. and Spotify Technology SA.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
9h ago
Quartz
The global semiconductor shortage can be explained by the bullwhip effect
The chip shortage is a breakdown in a complex global supply chain—but also an illustration of a relatively simple business phenomenon that offers clues about how the shortage started and how it might end.
2d ago
FX Empire
Price of Gold Fundamental Daily Forecast – Underpinned by Dovish Fed Member Comments, Capped by Strong Data
Investors appear unwilling to give up until there is definitive proof that the Fed is getting ready to begin tapering its bond purchases.
17h ago

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Coronavirus Test Kits Market In North America- Abbott Laboratories, Becton, Dickinson and Co., Co Diagnostics Inc., among others to contribute to the market growth

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