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Economist David Rosenberg believes the bond market is getting inflation right and yields shouldn’t trade at higher levels. His reasoning: Inflation as a temporary phenomenon caused by enormous pent-up demand and supply chain issues connected to the coronavirus pandemic. “The numbers have been shocking to the upside, no doubt about it. But it’s pretty easily
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In this article F GM A sign is unveiled at General Motors Detroit-Hamtramck Assembly on Oct. 16, 2020, introducing the facility’s new name: Factory Zero, Detroit-Hamtramck Assembly Center. GM After years of come-and-gone predictions that battery-powered sedans, pickups and SUVs would replace gas-guzzling, emissions-spewing models, the shift to electric vehicles is revving up. Beyond EV
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State Street Financial Center building, which houses the company’s headquarters, in Boston, Massachusetts. Brent Lewin | Bloomberg | Getty Images State Street is creating a division dedicated to digital finance, which will comprise cryptocurrency, central bank digital currency, blockchain technology and tokenization, it announced Thursday morning. State Street Digital will be integrated with its proprietary
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In this article NGCA SPCE Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters Virgin Orbit, the satellite-launching spinoff of Sir Richard Branson’s Virgin
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In this article PSTH Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Company: Pershing Square Tontine Holdings, Ltd. (PSTH) Business: Pershing Square Tontine Holdings is a special purpose acquisition company (“SPAC”). The firm does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition,
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