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Global energy prices soar Brent oil prices hit $85 a barrel
Brent crude futures rose above $85 a barrel for the first time since October 2018, another milestone in soaring prices amid global energy shortages. Crude oil futures prices have also risen in recent weeks as natural gas prices hit a record. The global gas crisis is spreading to the oil market, with oil use rising by an average of about 500000 barrels a day over the next six months, the International Energy Agency (IEA) said on Thursday. The Organization of the Petroleum Exporting countries and its allies have only slightly relaxed production reduction restrictions, a phenomenon that is bound to exacerbate the gap in oil inventories. Soaring commodity prices from oil to natural gas to coal
Amazon.Com Inc launched the installment service in conjunction with Affirm, whose shares soared 40% in after-hours trading.
Amazon.Com Inc announced Friday that he will cooperate with Affirm, a US e-commerce installment service provider, to provide users with installment payment options for the first time. Affirm's "buy and pay" option will be available to some Amazon.Com Inc customers in the United States from Friday and will be promoted more widely in the coming months, the two companies said in a statement. The partnership will allow Amazon.Com Inc customers to pay $50 or more in installments. Affirm shares soared more than 40 per cent in after-hours trading on Friday on the news. Amazon.Com Inc's share price has not changed significantly. Affirm is a famous installment service provider.
US Mormon funds invested in the stock market during the pandemic and made a huge profit of nearly $20 billion
According to the latest regulatory documents, the investment fund Ensign Peak Advisors of the Church of Jesus Christ of Last Day Saints (Mormon) in the US earned another 3 billion US dollars from the stock market in the second quarter of this year, continuing the stock market earnings for 15 consecutive months since the outbreak of the epidemic last year. The Salt Lake City-based investment fund's equity portfolio is currently worth US$49.6 billion, an increase of nearly $20 billion since the outbreak of the pandemic crisis. Investments in these stocks and mutual funds appear to account for a large portion of the assets managed by Ensign Peak, according to a whistleblower in late 2019
Broadcom's second-quarter revenue of $6.6 billion and net profit increased by 165% compared with the same period last year.
Sina Science and Technology News Beijing time in the early morning of June 4, it is reported that Broadcom today released the company's financial results for the second quarter of fiscal year 2021. According to the report, Broadcom's second-quarter net revenue was $6.61 billion, up 15% from $5.742 billion in the same period last year, but down slightly from $6.655 billion in the previous quarter; net profit was $1.493 billion, up 165% from $563 million in the same period last year, compared with $1.378 billion in the previous quarter Net profit attributable to common shareholders was $1.417 billion, compared with 4.88 in the same period last year.
America's safe harbor requirement to drop digital taxes has created an opportunity for a global agreement
The US dropped a key requirement in digital tax negotiations for technology companies, eliminating an important factor that strained trade relations between Europe and the US and hindered reaching international agreements. A US Treasury Department spokesperson said that Treasury Secretary Janet Yellen said at the G20 virtual meeting that the US no longer requires so-called safe harbor rules, that is, US companies are allowed to choose not to pay taxes abroad. The spokesperson said Yellen said that the US will now actively negotiate this issue and the global minimum tax rate. Negotiations on tax reform in about 140 countries around the world were blocked last year, when the Trump administration insisted on a safe harbor system. Other countries are big
Buffett's Berkshire reduced its holdings of Apple's Xiaomo and Barrick Gold holdings in the fourth quarter
According to the 13F position report submitted to the US Securities Regulatory Commission (SEC) by Berkshire Hathaway, a subsidiary of Buffett, the company reduced its Apple holdings by 6% in the fourth quarter, from 944.3 million shares to 887.1 million shares. By the end of 2020, Berkshire held US$120 billion in shares of Apple, down from 5.6% the previous year to 5.4%. Additionally, Berkshire reduced Wells Fargo's holdings by 59% in the fourth quarter to 52.4 million shares, GM's holdings by 9% to 72.5 million shares; increased its T-Mobile holdings by 117%, increasing AbbVie's holdings by 20%. Furthermore, the company
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